Australia Yogurt Market to be driven by young consumers who are opting for healthy choices and increasing number of yogurt flavors by the leading companies in the forecast period
According to TechSci Research report, “Australia Yogurt Market, By Type (Non-Flavored Flavored), By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, 2026”, Australia Yogurt Market for non-flavored and flavored yogurt is projected to surpass over USD1670 million by 2026. The growth of yogurt market in Australia is driven by factors such as increasing awareness towards the health benefits of yogurt and changing lifestyle of young consumers as they are opting for healthy lifestyle. Furthermore, increasing offerings by the companies in yogurt segment is another major reason for the consumers’ growing preference for yogurt. Various flavors such as strawberry, mango, honey, vanilla, blackcurrant are always high in demand.
On the basis of type, Australia Yogurt Market is segmented into flavored and non-flavored. In the base year, 2020, flavored type yogurt held the largest market share in the Australia Yogurt Market with approximately 76% market share. This can be attributed to the different varieties of fruit-based and non-fruit based flavored yogurt available under the segment. Flavored segment yogurt is expected to continue its dominance in the market in the forecast period as well.
Furthermore, based on the fat content, yogurt market in Australia is segmented into three segments including regular, low fat, fat-free yogurt. In the base year, 2020 regular type yogurt held the largest market share of around 60.74% in the Australia Yogurt Market due to its low cost in comparison to low fat and fat free yogurt. Furthermore, regular type yogurt is easily available and is projected to maintain its higher visibility on the supermarket shelves in Australia. However, low fat and fat-free yogurt are expected to grow with higher CAGR in the forecast period in comparison to the regular type of yogurt, due to their growing consumption by young population in the country.
Based on the distribution channel the Australia Yogurt Market is segmented into convenience stores, independent small grocers, supermarket/hypermarket, online channel. The supermarket/hypermarket segment led the Australia Yogurt Market in the base year 2020, mainly due to the easy accessibility and well-manged supply chain with the other partners, heavy discounts, and home delivery option for consumers. The segment will continue to maintain its dominance in the forecast period in the Australia Yogurt Market, due to increasing supermarket chains and franchises.
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On the basis of regional segmentation, Australia Yogurt Market is segmented in Australia Capital Territory & New South Wales, Northern Territory & Southern Australia, Western Australia, Queensland and Victoria & Tasmania. In the base year 2020, Australia Capital Territory & New South Wales held the largest market share due to the large population, higher GDP and enhanced distribution channels of dairy industry in Australia.
Australia Yogurt Market is an established market and provides various opportunities to the companies locally and globally. Right now, companies such as Woolworths Group Limited, Chobani Australia Pty Ltd, Danone Murray Goulburn Pty Ltd, Bega Dairy and Drinks Pty Ltd, Gippsland Dairy Pty Ltd are holding significant market share in Australia Yogurt Market and are focusing on enhancing their product portfolio and supply chain
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“Australia Yogurt Market based on the form is segmented into conventional yogurt, set yogurt, greek yogurt, frozen yogurt, yogurt drinks and others. From all the given segments conventional yogurt still holds the largest market share in the Australia Yogurt Market due to its low price, easy availability, and conventional taste. Following conventional yogurt, yogurt drinks is another segment, which held the largest market share in the base year 2020, due to enhanced product offering by the producers in the yogurt drink segments. Moreover, availability of different flavors in the yogurt drink segment is further expected to drive the growth of yogurt market in Australia in the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Australia Yogurt Market , By Type (Non-Flavored, Flavored), By Fat Content, (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel (Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of Australia Yogurt Market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Australia Yogurt Market.
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