Global Yogurt Market anticipated to Be Valued at US$ 89.6 Bn by the End of 2016

Yogurt Market

VALLEY COTTAGE, N.Y. – Future Market Insights delivers key insights on the global Yogurt market in its latest report titled ‘Yogurt Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.’ The long-term outlook on the global Yogurt market remains positive, with market value expected to increase at a CAGR of 10.0% during the forecast period (2016 – 2026). Among type, the flavoured segment is expected to expand at a significant CAGR in terms of value over the forecast period. Global sales of Yogurt is estimated to be valued at US$ 89.6 Bn by the end of 2016. APEJ is estimated to account for a value share of 28.1% in the global Yogurt market by 2016 end and it is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws lights on drivers and restraints likely to impact the market during the forecast period.

Yogurt is manufactured by the process of bacterial fermentation of milk. Bacteria which are utilized to manufacture yogurt are termed as ‘yogurt cultures’. Lactobacillus bulgaricus and streptococcus thermophiles are the bacterias which are utilized in the production of yogurt. Demand for Yogurt is driven by the growth of population and per-capita income. Moreover, yogurt as a part of ‘Daily diet’: surge in demand due to health benefits, versatility of yogurt: door to unbounded growth and easy availability of ingredients, facilitating innovation and new product development.

However, the global Yogurt market is expected to face some challenges. Maintaining effective level of probiotics (flavour and texture) throughout the shelf life is one of the major challenge faced by the manufacturers. This factor is expected to reduce the demand of yogurt over the coming years. However, continuous innovation and new product development are the major reasons providing the significant growth opportunities over the forecast period.

Segmentation analysis

The Yogurt market is segmented on the basis of type into fruit, regular/plain, low fat & fat free and flavoured. On the basis of type, the flavoured segment is anticipated to continue to dominate the market in terms of value over the forecast period.

  • Flavoured type yogurt is plain yogurt which is enhanced by addition of various flavours such as vanilla, honey etc. The regular/plain segment is expected to represent a total incremental opportunity of US$ 28.4 Bn between 2016 and 2026.
  • Fruit yogurt is produced by adding different types of fruit pulps in a regular yogurt. Various types of fruit yogurt are available in market which includes vanilla, honey, apricot, papaya, blueberry, cactus pear, etc.

Regional market projections

APEJ is the leading market for Yogurt accounting for over 28.1% market share in terms of revenue in the global Yogurt market by the end of 2016. EU5 countries are expected to hold dominant revenue share in the Western Europe Yogurt market over the forecast period. The APEJ Yogurt market is projected to hold significant market share in terms of value in the global Yogurt market over the forecast period, exhibiting a CAGR of 10.5% over the forecast period. This is attributed to growing awareness among all the age groups regarding health. Consumption of Yogurt in Western Europe is expected to increase to 25781.4 KT by 2026 end from 10,236.3 KT in 2016.

Vendor insights

The report highlights some of the top companies operating in the global Yogurt market such as General Mills, Inc., Nestle SA, Danone, Yakult Honsha Co., Ltd., Ultima Foods, Inc., Chobani, LLC., Sodiaal, Kraft Foods Group, Inc., Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Juhayna Food Industries, Clover S.A. (Pty) Ltd., Chi Limited, Brookside Dairy Limited, Sameer Agriculture & Livestock Limited, Lausanne Dairies (Pty) Ltd., Jesa Farm Dairy Ltd. Manufacturers are focussing on continuous innovation and new product development in order to enhance their market presence across the globe.

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About the Author

Abhishek Budholiya

Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.

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