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Global Yogurt Market - Forecasts from 2020 to 2025

  • ID: 5125108
  • Report
  • June 2020
  • Region: Global
  • Knowledge Sourcing Intelligence LLP

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FEATURED COMPANIES

  • AGROPUR COOPERATIVE
  • Chobani, LLC.
  • Fage International S.A.
  • General Mills Inc.
  • Groupe Lactalis
  • Hain Celestial
  • MORE
The global yogurt market is projected to grow at a CAGR of 6.41% to reach US$163.770 billion by 2025, from US$112.808 billion in 2019. Despite the propensity of consumers to opt of traditional homemade yogurt in countries of the emerging economies like of that of India, packaged spoonable and drinkable yogurt has gained grounds over the past few years because the market players have capitalized on the preference traditional tastes and invested in communicating the health benefits that are equivalent to that of the traditional ones. In the other parts of the world, the surging concerns for animal welfare, environment, and global warming coupled with an aversion to dairy has shifted the consumers' preference towards newly formulated yogurt products which are increasingly doing away with artificial additives and preservatives. The other aspect that increasingly enticing for the growing health-conscious consumers around the world is a formulation with relatively low sugar content. For instance, Arla Bio Nur, a reported trendsetter made available to consumers in Germany by Arla Foods, in 2018 comprises 75% organic yogurt combined with 25% organic fruit per cup with only 6.8 - 7.7 grams of sugar per 100 grams. During the same year, General Mills announced that it is introducing YQ by Yoplait, a yogurt brand with up to 17 grams of protein and as little as 1 gram of sugar in a 5.3-ounce container.

Moreover, the rise of dietary preference with alternative protein has further made ample room for food ingredient companies to bring about new offerings facilitating and incentivizing the players in the yogurt market to invest in non-dairy based yogurt and consequently increase their product portfolio, respectively. The market for plant-based protein in Europe has been steadily gaining steam because of a huge number of consumers who have developed a taste for plant-based alternatives of a few food and beverage products. Further, as a response from the end of the value chain, there are certain aspects such as improvement of the nutritional value of the product; intake of amino acids; intake of fibers; low saturated fat content; improvement of the ratio protein/fat that has further added to the potential for the yogurt makers to venture into plant-based alternatives. The plant-based or nondairy alternative has gathered such momentum that the Plant-Based Foods Association (PBFA) based out of San Francisco CA, USA, has released a set of voluntary labeling standards for plant-based yogurts – another product category whose labeling terminology has been caught in the crossfire of the ongoing battle over the appropriate labeling for plant-based “meats” and “dairy.” To this extent, it may be noted that as latest as of June 2020, Kerry, a taste and nutrition company, has announced that it will be expanding its nutritional plant protein range, which will broaden the company’s scope of proteins for food and beverages which is inclusive of but not limited to yogurt, among others.

Further, in cognizance of this consumer trend that is surging upward, various developments have taken place in the global yogurt sector that is poised to fuel a healthy growth of the market during the forecast period, driven by the human end-user perspective. As recent as 2020, Greek yogurt brand Ellenos received an $18 million investment from Equilibra Partners Management. Further, the 2018 investment from Monogram Capital Partners was also reportedly $18 million. Thus, conclusively the company has brought in at least $36 million to date to expand beyond the current extent of its retail presence. Again in 2020, AYO Almondmilk Yogurt was launched by AYO FOODS, LLC which reportedly enlivened with organic strawberries, organic blueberries, organic peaches, and organic Madagascar Vanilla, offering a smooth, clean flavor and likely the only almond milk yogurt available in the market.

In 2019, Danone launched a line of oat milk yogurts under its So Delicious brand, made available in four flavors like Triple Berry, Spiced Pear & Fig, Strawberry Rhubarb, and Sweet Mango. Each flavor is reportedly nut-free, soy-free, vegan, gluten-free, and Non-GMO Project Verified. The product was launched to contribute to the company's growing dairy alternative portfolio, which among others includes another yogurt brand from Oat Yeah. Along the same lines of capitalizing on the recent wave of oat which the consumers of alternative dairy have been so fervently in pursuit of, Chobani too, during the same year announced the plan to launch at-based yogurts, traditional Greek yogurt with the popular cereal grain on the bottom. Again, during the same year, Noosa Yoghurt announced its launch of a new high-protein, low-sugar range of yogurt called HiLo which features 14 grams of protein and 12 grams of sugar per 5.3-ounce cup (except for the plain varietal). Moreover, the company uses rBST-free milk with premium ingredients such as wild blueberries and wildflower North American honey making the line in six flavors: vanilla bean, blueberry, mixed berry, strawberry, plain and peach. Again in 2019, first Icelandic-style yogurt in USA Siggi’s, which has been owned by Groupe Lactalis since 2018 has come up with plant-based yogurt that is reported made form from a proprietary blend of coconut, macadamia, and pea protein and is laden with a notable nutritional credential. Earlier during 2019, Bollywood actress Deepika Padukone had reportedly invested in Drum Foods International Pvt. Ltd, the maker of flavored yogurt brand Epigamia, as part of a strategic partnership that will also see her endorse the brand. The investment has been made through KA Enterprises Llp, Padukone’s strategic initiative arm. Epigamia, which makes flavored yogurt, Greek yogurt, smoothies, and mishti doi, (a sweetened variant of yogurt that originates from East India) will use the money to scale up its presence across cities.

Segmentation

By Form
  • Spoonable Yogurt
  • Drinkable Yogurt
By Source
  • Dairy-based Yogurt
  • Non-Dairy-based Yogurt
By Flavor
  • Plain Yogurt
  • Flavored Yogurt
By Packaging
  • Cup
  • Pouch
  • Bottle
By Fat Content
  • Regular
  • Low Fat
  • Fat-Free
By Distribution Channel
  • Online
  • Offline
By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Ecuador
  • Peru
  • Others
  • Europe
  • Austria
  • Belgium
  • Bulgaria
  • Czech Republic
  • Denmark
  • Finland
  • France
  • Germany
  • Hungary
  • Ireland
  • Italy
  • Netherlands
  • Poland
  • Portugal
  • Slovenia
  • Spain
  • Sweden
  • UK
  • Others
  • The Middle East and Africa
  • Saudi Arabia
  • Israel
  • UAE
  • Ethiopia
  • Turkey
  • Morocco
  • Egypt
  • Others
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Philippines
  • Others
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AGROPUR COOPERATIVE
  • Chobani, LLC.
  • Fage International S.A.
  • General Mills Inc.
  • Groupe Lactalis
  • Hain Celestial
  • MORE
1. Introduction
1.1. Market Definition
1.2. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. Global Yogurt Market Analysis, By Form
5.1. Introduction
5.2. Spoonable Yogurt
5.3. Drinkable Yogurt

6. Global Yogurt Market Analysis, By Source
6.1. Introduction
6.2. Dairy-based Yogurt
6.3. Non-Dairy-based Yogurt

7. Global Yogurt Market Analysis, By Flavor
7.1. Introduction
7.2. Plain Yogurt
7.3. Flavored Yogurt

8. Global Yogurt Market Analysis, By Packaging
8.1. Introduction
8.2. Cup
8.3. Pouch
8.4. Bottle

9. Global Yogurt Market Analysis, By Fat Content
9.1. Introduction
9.2. Regular
9.3. Low Fat
9.4. Fat-Free

10. Global Yogurt Market Analysis, By Distribution Channel
10.1. Introduction
10.2. Online
10.3. Offline

11. Global Yogurt Market Analysis, by Geography
11.1. Introduction
11.2. North America
11.2.1. North America Yogurt Market, By Form, 2019 to 2025
11.2.2. North America Yogurt Market, By Source, 2019 to 2025
11.2.3. North America Yogurt Market, By Flavor, 2019 to 2025
11.2.4. North America Yogurt Market, By Packaging, 2019 to 2025
11.2.5. North America Yogurt Market, By Fat Content, 2019 to 2025
11.2.6. North America Yogurt Market, By Distribution Channel, 2019 to 2025
11.2.7. By Country
11.2.7.1. United States
11.2.7.2. Canada
11.2.7.3. Mexico
11.3. South America
11.3.1. South America Yogurt Market, By Form, 2019 to 2025
11.3.2. South America Yogurt Market, By Source, 2019 to 2025
11.3.3. South America Yogurt Market, By Flavor, 2019 to 2025
11.3.4. South America Yogurt Market, By Packaging, 2019 to 2025
11.3.5. South America Yogurt Market, By Fat Content, 2019 to 2025
11.3.6. South America Yogurt Market, By Distribution Channel, 2019 to 2025
11.3.7. By Country
11.3.7.1. Brazil
11.3.7.2. Argentina
11.3.7.3. Colombia
11.3.7.4. Ecuador
11.3.7.5. Peru
11.3.7.6. Others
11.4. Europe
11.4.1. Europe Yogurt Market, By Form, 2019 to 2025
11.4.2. Europe Yogurt Market, By Source, 2019 to 2025
11.4.3. Europe Yogurt Market, By Flavor, 2019 to 2025
11.4.4. Europe Yogurt Market, By Packaging, 2019 to 2025
11.4.5. Europe Yogurt Market, By Fat Content, 2019 to 2025
11.4.6. Europe Yogurt Market, By Distribution Channel, 2019 to 2025
11.4.7. By Country
11.4.7.1. Austria
11.4.7.2. Belgium
11.4.7.3. Bulgaria
11.4.7.4. Czech Republic
11.4.7.5. Denmark
11.4.7.6. Finland
11.4.7.7. France
11.4.7.8. Germany
11.4.7.9. Hungary
11.4.7.10. Ireland
11.4.7.11. Italy
11.4.7.12. Netherlands
11.4.7.13. Poland
11.4.7.14. Portugal
11.4.7.15. Slovenia
11.4.7.16. Spain
11.4.7.17. Sweden
11.4.7.18. UK
11.4.7.19. Others
11.5. The Middle East and Africa
11.5.1. Middle East and Africa Yogurt Market, By Form, 2019 to 2025
11.5.2. Middle East and Africa Yogurt Market, By Source, 2019 to 2025
11.5.3. Middle East and Africa Yogurt Market, By Flavor, 2019 to 2025
11.5.4. Middle East and Africa Yogurt Market, By Packaging, 2019 to 2025
11.5.5. Middle East and Africa Yogurt Market, By Fat Content, 2019 to 2025
11.5.6. Middle East and Africa Yogurt Market, By Distribution Channel, 2019 to 2025
11.5.7. By Country
11.5.7.1. Saudi Arabia
11.5.7.2. Israel
11.5.7.3. UAE
11.5.7.4. Ethiopia
11.5.7.5. Turkey
11.5.7.6. Morocco
11.5.7.7. Egypt
11.5.7.8. Others
11.6. Asia Pacific
11.6.1. Asia Pacific Yogurt Market, By Form, 2019 to 2025
11.6.2. Asia Pacific Yogurt Market, By Source, 2019 to 2025
11.6.3. Asia Pacific Yogurt Market, By Flavor, 2019 to 2025
11.6.4. Asia Pacific Yogurt Market, By Packaging, 2019 to 2025
11.6.5. Asia Pacific Yogurt Market, By Fat Content, 2019 to 2025
11.6.6. Asia Pacific Yogurt Market, By Distribution Channel, 2019 to 2025
11.6.7. By Country
11.6.7.1. China
11.6.7.2. India
11.6.7.3. Japan
11.6.7.4. South Korea
11.6.7.5. Australia
11.6.7.6. Philippines
11.6.7.7. Others

12. Competitive Environment and Analysis
12.1. Major Players and Strategy Analysis
12.2. Emerging Players and Market Lucrativeness
12.3. Mergers, Acquisitions, Agreements, and Collaborations
12.4. Vendor Competitiveness Matrix

13. Company Profiles
13.1. AGROPUR COOPERATIVE
13.2. Alpura
13.3. China Mengniu Dairy Company Limited
13.4. Chobani, LLC.
13.5. Danone S.A.
13.6. Fage International S.A.
13.7. GCMMF
13.8. General Mills Inc.
13.9. GOOD KARMA FOODS, INC.
13.10. Groupe Lactalis
13.11. Grupo LALA, S.A.B. de C.V
13.12. Hain Celestial
13.13. Kahala Franchising, L.L.C.
13.14. MENCHIE'S GROUP, INC.
13.15. Nestlé
13.16. noosa yoghurt
13.17. Royal FrieslandCampina N.V
13.18. Saputo Inc.
13.19. Scott Brothers Dairy Inc.
13.20. Stonyfield Farm, Inc.
13.21. Sugar Creek Foods International, Inc.
Note: Product cover images may vary from those shown
  • AGROPUR COOPERATIVE
  • Alpura
  • China Mengniu Dairy Company Limited
  • Chobani, LLC.
  • Danone S.A.
  • Fage International S.A.
  • GCMMF
  • General Mills Inc.
  • GOOD KARMA FOODS, INC.
  • Groupe Lactalis
  • Grupo LALA, S.A.B. de C.V
  • Hain Celestial
  • Kahala Franchising, L.L.C.
  • MENCHIE'S GROUP, INC.
  • Nestlé
  • noosa yoghurt
  • Royal FrieslandCampina N.V
  • Saputo Inc.
  • Scott Brothers Dairy Inc.
  • Stonyfield Farm, Inc.
  • Sugar Creek Foods International, Inc.
Note: Product cover images may vary from those shown
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