A recent report published by
Infinium Global Research on the flavored yogurt market provides in-depth analysis
of segments and sub-segments in the global as well as regional flavored yogurt
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional flavored yogurt market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global flavored yogurt market. According
to the report, the global flavored yogurt market is projected to grow at a CAGR
of 6.4% over the forecast period of 2021-2027, growing from nearly USD 35.6
billion in 2020 to about USD 54.4 billion in 2027.
The dairy industry has evolved
greatly over the past few years due to advancements in technology. The players
in the dairy industry are offering new products catering to various demands of
consumers. Flavored yogurt is one such product that has garnered significant
attention from consumers. Yogurt is being used as food since ancient ages and
is widely recognized for its probiotic nature. Moreover, with increasing
emphasis on fitness and healthy eating, the demand for yogurt has also
increased. The market players in the diary product industry are offering yogurt
in a wide variety of flavors including strawberry, vanilla, peach, blueberry,
and many others. Furthermore, the market players are also giving options of
traditional, low-fat, organic, and dairy-free yogurts.
The COVID-19 outbreak had a
significant impact on the food & beverage industry across the world. The
consumer food & beverage industry observed high demand due to lockdown
restrictions in many countries. The demand for household staples, healthy food
items, and consumables with longer shelf lives witnessed a substantial rise
during the early stages of the pandemic. Moreover, many players in the market
faced lower production and supply chain challenges. The vendors are focusing
more on improving their supply chains in order to reinforce their online
presence and delivery measures, in an attempt to adapt to the present business
environment. The variations in consumer buying behavior and the dynamic shifts
towards online distribution channels may have severe implications on the near
future growth of the business.
The rising awareness regarding the
health benefits of yogurt among consumers is the major driving factor for the
market growth. The demand for healthy and nutritious food is increasing among
consumers. Flavored yogurt has excellent properties which provide protection
for bones and teeth and help prevent digestive problems. Furthermore, the dietary
habits of consumers have changed across the world. A large number of people
prefer ready-to-eat foods due to their fast-paced lifestyle. This, in turn,
drives the demand for flavored yogurt among consumers. Moreover, flavored
yogurt is been used as a healthy alternative for ice cream and other desserts.
Many health-conscious people avoid deserts to limit their calorie intake.
However, the availability of cheaper substitutes such as ice cream, and sour
cream is a major factor that is anticipated to restrain the growth of the
flavored yogurt market. Nevertheless, the development of innovative flavors and
vegan products are expected to provide growth opportunities to the flavored
yogurt market in the upcoming future.
Among the regions, Europe
accounted for the largest share in the global flavored yogurt market. Higher
health consciousness among the consumers coupled with high disposable income
majorly drives the growth of the flavored yogurt market in Europe. Moreover,
increasing demand for ready-to-eat food due to changing lifestyles. A large
part of the European population is either employed or retired. Such people tend
to buy and consume ready-to-eat foods such as flavored yogurt. However, the
Asia Pacific region is anticipated to grow with the highest rate in the global
flavored yogurt market over the forecast period. The growth is attributed to
the increasing demand for healthy food products in emerging markets. In
addition, the entry of well-known global brands is expected to propel this
regional market during the forecast period.
The report on global flavored
yogurt market covers segments such as flavor, type, and distribution channel.
On the basis of flavor, the sub-markets include strawberry, vanilla, peach,
blueberry, and others. On the basis of type, the sub-markets include
conventional, low-fat, organic, and dairy-free. On the basis of distribution
channel, the sub-markets include supermarket/hypermarket, convenience stores,
e-commerce, and others.
The report provides profiles of
the companies in the market such as Danone S.A., Nestle S. A., Chobani LLC,
General Mills, Inc., Arla Foods amba, Unternehmensgruppe Theo Müller S.e.c.s.,
Fage International S.A., Stonyfield Farm Inc., Emmi Group, and Cabot Creamery
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of flavored yogurt market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.