Overview and Scope
Flavored yogurt refers to semi-fluid fermented milk food that contains added flavors. Lactic acid-producing bacteria are used for the fermentation of milk to produce yogurt.
Sizing and Forecast
The flavored yogurt market size has grown strongly in recent years. It will grow from $56.43 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, dairy-free alternatives, clean label movement, snack culture emergence.
The flavored yogurt market size is expected to see strong growth in the next few years. It will grow to $82.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to innovative consumption formats, personalization and customization, transparency in health claims, exploration of dairy sources, eco-friendly packaging.. Major trends in the forecast period include functional ingredients integration, variety in flavors, convenience and portability, plant-based alternatives.
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Segmentation & Regional Insights
The flavored yogurt market covered in this report is segmented –
1) By Type: Organic, Conventional
2) By Form: Spoonable, Drinkable
3) By Flavor: Strawberry, Blueberry, Vanilla, Peach, Other Flavors
4) By Distribution Channel: Supermarket, Convenience Stores, Online, Other Distribution Channels
5) By End Use: Food And Beverage Industry, HoReCa (Hotel, Restaurant, Cafe), Household Retail
Europe was the largest region in the flavored yogurt market in 2023. The regions covered in the flavored yogurt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing health consciousness among consumers is expected to drive the growth of the flavored yogurt market going forward. Health-conscious consumers (HCCs) are those consumers that live a ‘wellness-oriented’ lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products such as yogurt which supports digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the increasing health consciousness among consumers will propel the demand for flavored yogurt.
Key Industry Players
Major companies operating in the flavored yogurt market report are Danone SA, Groupe Lactalis SA, Chobani LLC, Arla Foods AMBA, Emmi Nederland BV, Ultima Foods Inc., Nestlé SA, Sodiaal Union, Theo Müller Group, Parmalat SpA, Rainy Lanes Dairy Foods Limited, Chi Limited, Cargill Incorporated, Mother Dairy Fruit & Vegetable Private Limited, Britannia Nutrition Foundation Co., General Mills Inc., Stonyfield Farm Inc., Valio Ltd., Brown Cow Farm, Cascade Fresh Inc., Ellenos Real Greek Yogurt Co., FAGE International S.A., Forager Project LLC, Horizon Organic Inc., Icelandic Provisions Inc., Liberté Inc., Lifeway Foods Inc., Mountain High Inc., Nancy’s Yogurt, Noosa Yoghurt
The flavored yogurt market report table of contents includes:
1. Executive Summary
2. Flavored Yogurt Market Characteristics
3. Flavored Yogurt Market Trends And Strategies
4. Flavored Yogurt Market – Macro Economic Scenario
5. Global Flavored Yogurt Market Size and Growth
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26. South America Flavored Yogurt Market
27. Brazil Flavored Yogurt Market
28. Middle East Flavored Yogurt Market
29. Africa Flavored Yogurt Market
30. Flavored Yogurt Market Competitive Landscape And Company Profiles
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