Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Flavored Yogurt Market Size is Estimated to Grow from USD 42.87 Billion in 2023 to USD 91.36 Billion by 2033, Growing at a CAGR of 7.86% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Flavored Yogurt Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Frozen Yogurt, Greek Yogurt, and Others), By Flavor (Strawberry, Peach, Blueberry, Vanilla, and Others), By Distribution Channel (Convenience Stores, Supermarkets, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Flavored yogurt is made by adding flavor to fermented milk using distinct and live microorganisms, which thickens the final product and prolongs its shelf life. One of the main factors propelling the growth of the flavor-flavored yogurt market is the increasing demand for the product due to its availability in a variety of flavors. The market for flavored yogurt is anticipated to grow during the forecast period due to several factors, including the growing demand for flavored yogurt due to the availability of multiple flavors, the growing preference of consumers for unusual flavors, and the global trend toward veganism. Further factors that are thought to buffer the growth of the flavoring yogurt market include the growing demand for yogurt because of its composition of essential fortified vitamins, its creamy, pulp-laced, and sugar-free content, which has a positive effect on the digestive mechanism, and the drinking yogurt's ability to optimally meet customers' three main product demands convenience, mobility, and health. However, this industry has several challenges, such as intense competition and market saturation, different raw material processing methods, stringent laws, and labeling requirements.
The greek yogurt segment is expected to hold the largest market share and is expected to grow at a CAGR of 6.7% during the forecast period.
Based on the product, the flavored yogurt market is categorized into frozen yogurt, greek yogurt, and others. Among these, the greek yogurt segment is expected to hold the largest market share and is expected to grow at a CAGR of 6.7% during the forecast period. Greek yogurt is growing rapidly in the flavored yogurt industry because of its purported health advantages, which include having more protein and less sugar than regular yogurt. Customers looking for wholesome, filling snacks or meal replacements are increasingly choosing Greek yogurt. The product is more well-liked because of its adaptability in both savory and sweet uses. Marketing campaigns that highlight gut health, probiotics, and muscle recovery appeal to athletes and health-conscious consumers.
The strawberry segment accounted for the largest market share of 32.25% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the flavor, the flavored yogurt market is classified into strawberry, peach, blueberry, vanilla, and others. Among these, the strawberry segment accounted for the largest market share of 32.25% in 2023 and is expected to grow at a significant CAGR during the forecast period. Yogurt with a strawberry flavor is frequently connected to heat and nostalgia. Its vivid color and natural sweetness make it more appealing and entice customers to select it over competing flavors. To appeal to health-conscious consumers looking for delicious yet nourishing solutions, companies such as Chobani, for instance, have successfully marketed their strawberry yogurt by highlighting its use of real fruit and little added sugars.
The supermarkets segment accounted for the largest market share of 40.14% in 2023 and is expected to grow at a CAGR of 6.3% during the forecast period.
Based on the distribution channel, the flavored yogurt market is divided into convenience stores, supermarkets, online, and others. Among these, the supermarkets segment accounted for the largest market share of 40.14% in 2023 and is expected to grow at a significant CAGR during the forecast period. It gives customers a one-stop shopping experience by bringing a large selection of flavored yogurt brands and varieties together in one place. Busy customers who want to finish their food shopping quickly will find this convenience especially appealing. As an example, large grocery stores such as Walmart and Kroger carry a variety of yogurt products, so consumers can easily find their favorite flavors while also trying out novel varieties.
Europe is expected to hold the largest share of the flavored yogurt market through the forecast period.
Europe is expected to hold the largest share of the flavored yogurt market through the forecast period. Primarily because dairy products, including yogurt, have long been consumed by Europeans. The market for strawberry and blueberry flavors is expected to grow during the forecast period, as berry-flavored yogurts are becoming increasingly popular among consumers due to the inclusion of naturally potent components. Health-conscious consumers are drawn to French yogurt because it is usually made with whole milk and a few additions, emphasizing quality over quantity. Furthermore, the pot-setting technique, which is employed in the production of French yogurt, entails cultivating yogurt directly in individual containers, giving it a thicker and creamier texture that sets it apart from other types.
Asia Pacific is predicted to grow at the fastest CAGR of the flavored yogurt market over the forecast period. Owing to consumers are becoming more health conscious, which is driving up demand for wholesome products that support gut health, such as probiotics. In nations such as China and India, where people are becoming more conscious of the benefits of including yogurt in their diets, this trend is especially prominent.
Company Profiling
Major key players in the flavored yogurt market include Nestlé S.A., LACTALIS, General Mills Inc., DANONE, Chobani, LLC., Fonterra Co-operative Group Limited, Arla Foods amba, China Mengniu Dairy Company Limited., YILI.COM INC., FAGE International S.A, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the flavored yogurt market based on the below-mentioned segments:
Global Flavored Yogurt Market, By Product Type
Global Flavored Yogurt Market, By Flavor
Global Flavored Yogurt Market, By Distribution Channel
Global Flavored Yogurt Market, By Regional Analysis
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