Flavored yogurt is a fermented dairy product with added flavors and has multiple health benefits. It is preferred breakfast, snack, dessert, or beverage among health-conscious consumers. The global flavored yogurt market was valued at $63.6 billion in 2018 and is anticipated to reach $92.3 billion by 2026, with a CAGR of 4.8% during the forecast period. Flavored yogurt is available in the market in various product types such as set, frozen, drinkable and Greek. Additives such as sweeteners, flavors, and fruits are used to enhance the aroma, taste and consistency of the yogurt products. Food & beverages manufacturers have invested a lot in R&D to enhance characteristics, taste, or nutritional value of flavored yogurt.
Yogurt has almost every nutrient needed by the human body and is considered as an effective food for weight loss and nutritional diet. It is rich in range of nutrients including calcium, vitamins, and trace minerals such as phosphorus, magnesium, & potassium. Significant protein content in yogurt influences appetite control and suppresses hunger. Moreover, certain variety of yogurt available in the market are enriched with probiotics, which help in boosting digestive health by reducing the common gastrointestinal disorders symptoms such as diarrhea, bloating, and constipation. The abovementioned nutrients such as probiotics, vitamins and minerals, are beneficial in prevention of illness & enhancement of immunity as well as play a major role in bone health reducing osteoporosis. In addition, yogurt improves heart health by maintaining blood pressure and increasing good HDL cholesterol. The aforementioned health benefits of yogurt are anticipated to drive the global flavored yogurt market during the forecast period.
Growth in demand for flavored yogurt in the emerging nations is owing to the rising disposable income, innovative flavors of yogurt products offered by key players and increase in health awareness among the consumers are expected to provide numerous opportunities for the expansion of the global flavored yogurt market.
The flavored yogurt market is segmented on the basis of flavor, distribution channel, type, and region. By flavor, it is categorized into strawberry, vanilla, peach, blueberry, and others. By distribution channel, it is divided into supermarket/hypermarket, convenience stores, e commerce, and others. By type, it is bifurcated into organic and conventional. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include Danone, Nestle, Chobani LLC, General Mills, Arla Foods, Müller, Fage International S.A., Stonyfield Farm Inc., Emmi Group, and Cabot Creamery.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTATION
By Distribution channel
By Type
By Region
Yogurt has almost every nutrient needed by the human body and is considered as an effective food for weight loss and nutritional diet. It is rich in range of nutrients including calcium, vitamins, and trace minerals such as phosphorus, magnesium, & potassium. Significant protein content in yogurt influences appetite control and suppresses hunger. Moreover, certain variety of yogurt available in the market are enriched with probiotics, which help in boosting digestive health by reducing the common gastrointestinal disorders symptoms such as diarrhea, bloating, and constipation. The abovementioned nutrients such as probiotics, vitamins and minerals, are beneficial in prevention of illness & enhancement of immunity as well as play a major role in bone health reducing osteoporosis. In addition, yogurt improves heart health by maintaining blood pressure and increasing good HDL cholesterol. The aforementioned health benefits of yogurt are anticipated to drive the global flavored yogurt market during the forecast period.
Growth in demand for flavored yogurt in the emerging nations is owing to the rising disposable income, innovative flavors of yogurt products offered by key players and increase in health awareness among the consumers are expected to provide numerous opportunities for the expansion of the global flavored yogurt market.
The flavored yogurt market is segmented on the basis of flavor, distribution channel, type, and region. By flavor, it is categorized into strawberry, vanilla, peach, blueberry, and others. By distribution channel, it is divided into supermarket/hypermarket, convenience stores, e commerce, and others. By type, it is bifurcated into organic and conventional. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).
The key players profiled in this report include Danone, Nestle, Chobani LLC, General Mills, Arla Foods, Müller, Fage International S.A., Stonyfield Farm Inc., Emmi Group, and Cabot Creamery.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global flavored yogurt market, with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined in the report to determine the overall market attractiveness and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis of the current market and estimation for the same from 2018 to 2026 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as, threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights the business practices followed by the leading market players across various regions.
KEY MARKET SEGMENTATION
- By Flavor
- Strawberry
- Vanilla
- Peach
- Blueberry
- Others
By Distribution channel
- Supermarket/Hypermarket
- Convenience stores
- E commerce
- Others
By Type
- Organic
- Conventional
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Flavored Yogurt Market, By Flavor
Chapter 5: Flavored Yogurt Market, By Distribution Channel
Chapter 6: Flavored Yogurt Market, By Type
Chapter 7: Flavored Yogurt Market By Region
Chapter 8: Competition Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Flavored yogurt Market by Type, Application, and Form: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global flavored yogurt market size was at $63.6 billion in 2018 and is anticipated to reach $92.3 billion by 2026, with a CAGR of 4.8% during the forecast period. The market is expected to exhibit an incremental revenue opportunity of $28.7 billion from 2018 to 2026. Strawberry, vanilla, peach and blueberry are the most popular yogurts flavors preferred by the consumers due to their characteristic aroma and taste. Flavored yogurt are the popular choice of breakfast, snack, dessert and beverage among health-conscious consumers. Due to the busy lifestyle, consumers have shifted their preference towards the consumption of convenience food products. Owing to the nutritional properties and wide range of flavors and product types available, flavored yogurt have become one of the most preferred choice of convenience food among the consumers.The flavored yogurt market growth is propelled by the growing awareness of the health benefits of yogurt. Active and health conscious consumers have shifted their preference toward nutritional food products including flavored yogurt and other dairy products. Yogurt is a rich source of various essential nutrients including calcium, protein, phosphorus, potassium, and vitamins. It is also suitable for fortification to enhance the nutritional value of yogurt and flavor addition to enhance the taste and visual appeal of the product.
The flavored yogurt market is segmented on the basis of flavor, distribution channel, type, and region. Based on flavor, the flavored yogurt market is categorized into strawberry, vanilla, peach, blueberry, and others. Strawberry has been the most preferred choice of flavored yogurt among the consumers due to the fresh color, characteristic sweet taste and the smooth texture. The strawberry segment was valued at $25.8 billion and is expected to grow with a CAGR of 4.3% from 2019 to 2026, to reach $36.1 billion by 2026. The blueberry segment is estimated to be the fastest growing segment, with a CAGR of 5.8% during the forecast period.
On the basis of distribution channel, it is categorized into supermarket/hypermarket, convenience stores, e commerce, and others. The supermarket/hypermarket segment led the flavored yogurt market in terms of distribution channel and is expected to growth with a CAGR of 4.8% during the forecast period. The segment is expected to reach $33.8 billion by 2026. The E commerce segment is anticipated to be the fastest growing segment during the flavored yogurt market forecast. Growing smartphone penetration and growing number of consumers seeking convenient lifestyle is likely to drive the flavored yogurt market through e commerce distribution channel.
On the basis of type, the conventional segment held a significant share in the global market in 2018. However, the organic segment is expected to grow at higher CAGR, owing to an increase in consumer inclination towards the organic food products. In addition, growing knowledge and awareness about the ill effects of synthetic chemicals on the health of the consumers further adds to its market attractiveness.
On the basis of region, flavored yogurt industry is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). This can be attributed to high per capita consumption of flavored yogurt in majority of the countries in Europe including Germany, France, Italy, UK, among others. Consumers in the region are attracted by the new flavors, and textures of the flavored yogurts and has led to the growth of the market in the region. Furthermore, Asia-Pacific is expected to witness a highest CAGR, owing to the rising awareness of the health benefits of flavored yogurt.
Key Findings of the Flavored Yogurt Market:
The flavored yogurt market was valued at $ 63.6 billion in 2018 and is estimated to reach $92.3 billion by 2026, growing at a CAGR of 4.8% during the forecast period.
By type, the organic segment is estimated to witness the fastest growth, registering a CAGR of 11.6% during the forecast period.
In 2018, by distribution channel, the supermarket/hypermarket segment held the highest share, accounting for one third of the global flavored yogurt market share.
In 2018, Germany was the most prominent market in the Europe region and is expected to grow at a significant CAGR throughout the forecast period.
The key players profiled in this report include Danone, Nestle, Chobani LLC, General Mills, Arla Foods, Müller, Fage International S.A., Stonyfield Farm Inc., Emmi Group, and Cabot Creamery.
Companies Mentioned
- Danone
- Nestle
- Chobani LLC
- General Mills
- Arla Foods
- Müller
- Fage International S.A.
- Stonyfield Farm Inc.
- Emmi Group
- Cabot Creamery.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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