Global Yogurt Market Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2028

Yogurt Market
Yogurt Market 

The main element influencing the market in the medium term is an increase in customer preference for desserts that are dairy-free, low in calories, high in protein, and otherwise healthy. Furthermore, consumers looking for a healthy alternative to sweets will likely have a wide range of options thanks to the rising popularity of low-fat yoghurt and the launch of healthy product variants in different flavours. Additionally, people pick quick yoghurt as meal substitutes due to their busy schedules and concerns about their health and wellness. The availability of yoghurt in a variety of forms and the versatility of yoghurt are some of the important yoghurt industry developments boosting demand for yoghurt. Additionally, it comes in a variety of flavours, including plain, spiced, and topping varieties, all of which help the yoghurt industry grow. Yogurt use is also not limited to particular foods or demographics of people.

The global Yogurt Market is estimated to be valued at US$ 139.1 billion in 2021 and is expected to exhibit a CAGR of 10.0% over the forecast period (2021-2028).

The broad availability of essential components used in yoghurt manufacture is anticipated to support market expansion. In addition, it is anticipated that the rise of the yoghurt market would be fueled by the ease of getting ingredients and the increased development of new products by big producers.Due to growing interest in healthy eating and weight loss, rising yoghurt consumption, retail market expansion, and public knowledge of yogurt's health advantages, Asia-Pacific currently holds a monopoly on the global yoghurt market. Because of growing consumer interest in exotic flavours, alarming rates of adult obesity, and significant investments by manufacturers in the region, the yoghurt market in North America is predicted to expand as consumers become more aware, change their tastes and preferences, and become more health conscious.

Type, flavour, source, distribution channel, and region are used to segment the yogurt market. It can be divided into frozen yoghurt, Greek yoghurt, set yoghurt, and yoghurt drinks. It is divided into plain and flavoured varieties based on flavour. It is divided into dairy-based and non-dairy-based products, according the source. It is divided into supermarkets/hypermarkets, independent retailers, specialty retailers, convenience stores, and others based on the distribution channel. It is examined regionally across North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, and the rest of the Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey, and rest of the LAMEA).

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