Global Yoghurt Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Rapid Expansion of Supermarkets and Hypermarkets to Augment the Yoghurt Industry Growth

Based on distribution channel, the supermarkets and hypermarkets segment accounts for a significant share in the yogurt industry, since these stores stock a broad range of goods from a variety of brands. Cold storage, which is important for preserving the shelf life of perishable dairy goods, is also available in supermarkets and hypermarkets. This is contributing to the growth of the segment.

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Europe to Provide Enhanced Growth Opportunities to the Yogurt Market

Region-wise, Europe is expected to witness a robust growth over the forecast period. Currently, it is one of the leading markets for the product. Yoghurt is commonly eaten as a snack and dessert in the European Union, which accounts for the largest market share in Europe. Another significant market for the product includes North America. The growing demand for dairy products in the region, coupled with the thriving food and beverages industry, is expected to significantly contribute to the market growth in North America.

Yoghurt Market Segmentation

Yoghurt or yogurt is a dairy product made from the fermentation of milk by bacteria. It is an excellent source of protein. Because of its high digestibility and richness in essential amino acids, yoghurt is marked high on the nutrition scale. The proteins present in yoghurt are more easily digestible as compared to standard milk. Due to its high nutrient density, yoghurt can also serve as a healthy snack.

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By category, the market is divided into:

• Conventional
• Dairy Free

Based on type, the industry can be segmented into:

• Set Yoghurt
• Greek Yoghurt
• Yoghurt Drink
• Frozen Yoghurt
• Others

The market is divided based on flavour into:

• Flavoured
• Non-Flavoured

On the basis of fat content, the industry can be bifurcated into:

• Regular
• Low Fat

By packaging type, the market can be segmented into:

• Cups
• Bottles
• Others

The industry can be classified based on distribution channel into:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Popularity Among Health-Conscious Consumers to Bolster the Growth of the Yoghurt Industry

Yoghurt is becoming increasingly popular among health-conscious consumers due to its low fat and sugar content. The manufacturers are responding by offering fortified yoghurt products with added vitamins, minerals, and fibre. Arla Foods, for example, has introduced a fibre-rich yoghurt that is high in proteins, low in fats, and contains about 27% of the daily recommended calcium intake. Thus, the growing awareness regarding the various health benefits of yoghurt and its growing popularity as a healthy snacking option among consumers is significantly contributing to the market growth.

Over the forecast period, the offering of innovative and convenient packaging formats is expected to drive the growth of the market. Manufacturers are launching self-contained froyo balls, squeezable tubes, and containers with anti-choking caps, among other products to reduce spills and potential hazards.

Key Industry Players in the Global Yoghurt Market

The report gives a detailed analysis of the following key players in the global yoghurt market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Nestlé S.A.
• Danone S.A.
• Lactalis American Group, Inc.
• Royal frieslandcampina NV
• China Mengniu Dairy Company Limited
• Fonterra Co-operative Group Limited
• General Mills Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report