Overview and Scope
Skim yogurt refers to yogurt that has been made with skim milk or has had the fat content removed through a process of skimming. This yogurt offers a low-fat alternative to traditional yogurt options while still providing essential nutrients and probiotics. It is suitable for individuals seeking a lighter dairy option without compromising on taste or nutritional benefits.
Sizing and Forecast
The skim yogurt market size has grown rapidly in recent years. It will grow from $5.66 billion in 2023 to $6.28 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to increased growth of the fast food industry, increased consumer obesity, rising availability of a variety of flavors, increased retail sales, growth of online food ordering and delivery services, rising demand for functional food and beverage products.
The skim yogurt market size is expected to see rapid growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to increasing consumption of dairy food, increasing prevalence of chronic diseases, increasing consumption of yogurt products, increasing e-commerce websites, increasing consumption of low-fat dairy products, and increasing prevalence of obesity. Major trends in the forecast period include innovative product launches, developments in the manufacturing sector, advancements in technology, the development of new flavors and products, and the integration of plant-based skim yogurt.
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The skim yogurt market covered in this report is segmented –
1) By Type: Plain Yogurt, Flavored Yogurt, Fruits Yogurt
2) By Nature: Organic, Conventional
3) By Distribution Channel: Hypermarket And Supermarket, Specialty Stores, Convenience Stores, Online Sales Channel, Other Distribution Channels
North America was the largest region in the skim yogurt market in 2023. The regions covered in the skim 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 consumption of dairy products is expected to propel the growth of the skim yogurt market going forward. Dairy foods refer to products made from the milk of mammals, such as cows, goats, and sheep. Dairy product consumption is rising due to increasing awareness of their nutritional benefits and the growing demand for protein-rich foods. Dairy products are essential in skim yogurt, providing the base for its low-fat, high-protein, and calcium-rich nutritional profile. For instance, in November 2023, according to the Foreign Agricultural Service, a US-based department of agriculture overseas, the consumption of milk for factory use rose to 5.847 million metric tons (MMT) from a projected 5.817 MMT in 2023. Additionally, a new record of 445,000 metric tons of cheese production is anticipated in 2024, a rise of 28% from 2023. Therefore, the increasing consumption of dairy products drives the skim yogurt market.
Key Industry Players
Major companies operating in the skim yogurt market are Nestle S.A., Unilever PLC, Coca-Cola Company, Groupe Lactalis S.A., Danone S.A., Kraft Heinz Company, General Mills, Arla Foods Group, Fonterra Co-operative Group Limited , Juhayna Food Industries, Meiji Group, Parmalat S.p.A., Yakult Honsha, Morinaga & Company Ltd. , Chobani, Clover S.A., Müller Milk & Ingredients, Sameer Agriculture Livestock Limited, Yoplait, Ultima Foods Inc., Jesa Farm Dairy Ltd., Chi Limited
The skim yogurt market report table of contents includes:
1. Executive Summary
2. Skim Yogurt Market Characteristics
3. Skim Yogurt Market Trends And Strategies
4. Skim Yogurt Market – Macro Economic Scenario
5. Global Skim Yogurt Market Size and Growth
…..
32. Global Skim Yogurt Market Competitive Benchmarking
33. Global Skim Yogurt Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Skim Yogurt Market
35. Skim Yogurt Market Future Outlook and Potential Analysis
36. Appendix
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