Global Yogurt Market Size to Exceed USD 167.66 Billion By 2033 | CAGR of 5.35%
Category: Food & BeveragesGlobal Yogurt Market Size to Exceed USD 167.66 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Yogurt Market is Expected to Grow from USD 99.6 Billion in 2023 to USD 167.66 Billion by 2033, at a CAGR of 5.35% during the forecast period 2023-2033.
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Browse key industry insights spread across 250 pages with 110 Market data tables and figures & charts from the report on the " Global Yogurt Market Size, Share, and COVID-19 Impact Analysis, By Type (Greek yogurt, Yogurt drinks, Greek yogurt, Set yogurt, Frozen yogurt), By Category (Unflavoured and Flavoured), By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Independent Retailers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/yogurt-market
The yogurt industry is a worldwide business engaged in the manufacture, distribution, and sales of yogurts, which usually are made from fermented milk. The high probiotic and nutrient content in yogurts, including nutrients such as calcium and protein, makes yogurts fit these health objectives for people who are interested in gut health, immunity, and general wellness. Moreover, consumers are increasingly looking to healthy diets, and therefore demand for healthy foods such as yogurt is on the rise. Its advantages, including probiotic content, aid digestion, and immune function, make it a favorite among consumers looking for balanced, health-oriented diets. The increased number of lactose-intolerant people and consumers on vegan or dairy-free diets has created a demand for plant-based and lactose-free yogurt. These options are made for a more diverse range of dietary preferences and needs, driving market growth. However, the price of manufacturing good-quality yogurt, particularly organic, probiotic-rich, and plant-based yogurt, can be higher than conventional dairy products. This raises retail prices, which can render yogurt unaffordable for price-conscious consumers, thereby restricting its availability and market penetration.
The greek yogurt segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the yogurt market is divided into greek yogurt, yogurt drinks, greek yogurt, set yogurt, and frozen yogurt. Among these, the greek yogurt segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to greek yogurt is generally regarded as a better option since it tends to have less carbohydrates and more probiotics, assisting in gut health and digestion. It's also high in calcium as well as other nutrients, so it's a good choice for those looking for added health benefits with functional foods.
The flavored segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the category, the yogurt market is divided into unflavoured and flavored. Among these, the flavored segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to flavored yogurt being convenient to eat, hence a quick snack or meal for time-conscious consumers. Its versatility also lies in its use in smoothies, desserts, or as a recipe ingredient, increasing its popularity among different consumer segments.
The hypermarkets & supermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the yogurt market is divided into hypermarkets & supermarkets, specialty stores, and independent retailers. Among these, the hypermarkets & supermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by hypermarkets and supermarkets tend to sell yogurt at competitive prices, often with bulk discounts, promotions, and loyalty schemes. This price benefit encourages price-conscious consumers and increases sales.
North America is expected to hold the majority share of the global yogurt market during the forecast period.
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North America is expected to hold the majority share of the global yogurt market during the forecast period. North American consumers have become increasingly health-conscious, and demand for yogurt as a healthy snack has been driven by this trend. Yogurt is perceived as a high-protein, probiotic, and calcium-rich food that aids digestive health and overall well-being. Busy lifestyles of North American consumers have helped make yogurt a popular choice as a ready-to-eat, convenient snack. Single-serve packaging and drinkable yogurt provide a convenient, on-the-go solution for busy consumers.
Asia Pacific is anticipated to grow at the fastest pace in the global yogurt market during the forecast period. In the Asia-Pacific market, consumers are increasingly health-aware, with increasing recognition of the advantages of probiotics, protein, and calcium. Yogurt, particularly with functional ingredients, is viewed as healthier compared to conventional snacks. The growth of middle-class societies in nations such as China and India is prompting growth in demand for upgraded food products, including yogurt. With improving incomes, consumers can increasingly afford premium yogurt, which further drives market growth.
Major vendors in the global yogurt market are Chobani LLC., Nestle, Danone (Yakult), Britannia Industries Ltd., FrieslandCampina, Arla Foods, DSM, Amul, CoolBrands International, Parmalat S.p.A, Dean Foods, Juhayna Food Industries, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2025, Ellenos, a Washington-based chain, added a s'mores-flavored yogurt with layers of chocolate pudding, marshmallow yogurt, and graham cracker crumbs topped with mini chocolate chips. The dessert-style yogurt is a lighter, protein-filled version of classic ice cream sundaes.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the yogurt market based on the below-mentioned segments:
Global Yogurt Market, By Type
- Greek yogurt
- Yogurt drinks
- Greek yogurt
- Set yogurt
- Frozen yogurt
Global Yogurt Market, By Category
- Unflavoured
- Flavored
Global Yogurt Market, By Distribution Channel
- Hypermarkets & Supermarkets
- Specialty Stores
- Independent Retailers
Global Yogurt Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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