According to the report by Expert Market Research (EMR), the global yoghurt market is projected to grow at a CAGR of 6% between 2024 and 2032. Aided by the array of health benefits offered by yoghurt, the market is expected to grow significantly by 2032.
The yoghurt market growth can be attributed to rising consumer inclination towards healthier food options and the diversification of yoghurt products, including Greek yoghurt, set yoghurt, yoghurt drinks, and frozen yoghurt. Rich in essential nutrients like calcium, protein, vitamins, and probiotics, yoghurt plays a crucial role in digestive health, weight management, and overall wellness.
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There has been a rise in awareness of health benefits associated with regular yoghurt consumption. The high protein content, along with probiotics, aids in digestion, boosts the immune system, and contributes to heart health, making yoghurt a popular choice among health-conscious consumers.
In addition, the versatility of yoghurt as a food item has contributed to its popularity. It is not only consumed as a standalone product but also used as an ingredient in various culinary preparations, including smoothies, dips, and baking. This versatility has led to a surge in demand for yoghurt across different consumer segments.
The yoghurt market outlook seems promising, supported by the growing trend of flavoured and functional yoghurts, which cater to a wide range of palates and dietary needs. Innovations in flavour, such as the introduction of exotic and ethnic tastes, and the fortification of yoghurt with vitamins, minerals, and other supplements have further spurred market growth.
The European region, particularly Western Europe, holds a significant share of the market, attributed to the traditional consumption of yoghurt and the presence of major dairy cooperatives in the region. However, the Asia Pacific region is expected to exhibit the fastest growth during the forecast period, owing to increasing health awareness, rising disposable incomes, and the introduction of yoghurt products tailored to meet local tastes and preferences.
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Looking ahead, the yoghurt market demand is set to expand, aided by ongoing health trends and product innovations. The increasing demand for plant-based and lactose-free yoghurt alternatives is also likely to provide new growth opportunities in the market. With these trends, the market is expected to remain dynamic and continuously evolve, offering a range of products catering to the diverse needs and preferences of consumers worldwide.
Yoghurt Market Segmentation
The market can be divided based on category, type, flavour, fat content, packaging type, distribution channel, and region.
Market Breakup by Category
- Conventional
- Dairy Free
Market Breakup by Type
- Set Yoghurt
- Greek Yoghurt
- Yoghurt Drink
- Frozen Yoghurt
- Others
Market Breakup by Flavour
- Flavoured
- Non-Flavoured
Market Breakup by Fat Content
- Regular
- Low Fat
Market Breakup by Packaging Type
- Cups
- Bottles
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global yoghurt market. Some of the major players explored in the report by Expert Market Research are as follows:
- Nestlé S.A.
- Danone S.A.
- Lactalis American Group, Inc.
- Royal frieslandcampina NV
- China Mengniu Dairy Company Limited
- Fonterra Co-operative Group Limited
- General Mills Inc.
- Others
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