The market is driven by the increasing use of super fruits in yogurts. In addition, the is anticipated to boost the growth of the yogurt market.
The rising number of health issues such as diabetes, obesity, and allergies have increased the awareness about healthy eating among consumers. This is increasing the consumption of foods that are healthy and prevent the occurrence of diseases and illnesses. Consumers are switching from the consumption of foods made of artificial ingredients to the ones containing more natural ingredients such as acai, goji berry, noni, pomegranate, and grapes. This can be attributed to the presence of high antioxidants and the healing properties of such fruits. The growing consumer demand for such foods is driving vendors in the market to offer a range of products containing superfruits. All these factors are expected to drive the growth of the global yogurt market during the forecast period.
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Yogurt Market: Major Vendors
The global yogurt market is fragmented and is characterized by the presence of several international and domestic players. Vendors in the market are competing based on several factors such as quality, price, service, brand image, distribution, and marketing. Major vendors are focusing on acquiring other smaller brands to increase their market presence. Technavio identifies the following as the dominant players in the market.
Agropur cooperative: The company offers real fruit and vegetable flavored yogurt made of blueberry beet, peach carrot, and other ingredients under the brand IOGO NANO.
Chobani Global Holdings LLC: The company offers yogurt in various flavors such as pumpkin spice, peppermint perfection, chocolate, and others under the brand of Chobani.
COYO Pty Ltd.: The company offers organic coconut yogurt flavored with vanilla bean, honey, mango, mixed berry, and others under the brand COYO.
DRUMS FOOD: The company offers Greek yogurt, probiotic yogurt, no added sugar yogurt, and a wide range of other flavored yogurts under the brand Epigamia.
Fage International SA: The company offers rich and creamy strained yogurt, with tasty pieces of fruit or other delicacies under the brand FAGE Fruyo.
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Global Yogurt Market: Segmentation Analysis
The global yogurt market is segmented by product (spoonable yogurt and drinkable yogurt) and geography (APAC, Europe, North America, South America, and MEA).
Yogurt Market Product Outlook (Revenue, USD bn, 2020-2025)
- Spoonable yogurt - size and forecast 2020-2025
- Drinkable yogurt - size and forecast 2020-2025
The spoonable yogurt segment generated maximum revenue in the market in 2021. The segment is driven by the increased use of spoonable yogurt in food and salad dressings. Also, the launch of new products in various flavors will be supporting the growth of the segment. The market growth in the segment will be significant during the forecast period.
Yogurt Market Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- North America - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
APAC will offer significant growth opportunities for market players during the forecast period. The region currently occupies 45% of the global market share. The expansion of population, rising income levels, and improving economic conditions are driving the growth of the regional market. Also, increasing health consciousness among consumers will be contributing to the growth of the yogurt market in APAC. China and Australia are the key markets for yogurt in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.
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Related Reports:
Greek Yogurt Market by Distribution Channel, Type, and Geography - Forecast and Analysis 2022-2026
Frozen Yogurt Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026
Yogurt Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.41% |
Market growth 2021-2025 |
USD 32.29 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.97 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Ireland, Australia, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Agropur cooperative, Chobani Global Holdings LLC, COYO Pty Ltd., DRUMS FOOD , Fage International SA, Fonterra Co operative Group Ltd., Groupe Lactalis, Lactalis Canada Inc. , Pillars Drinkable Yogurt, and Sovos Brands Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Spoonable yogurt - Market size and forecast 2020-2025
- Drinkable yogurt - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Agropur cooperative
- Chobani Global Holdings LLC
- COYO Pty Ltd.
- DRUMS FOOD
- Fage International SA
- Fonterra Co operative Group Ltd.
- Groupe Lactalis
- Lactalis Canada Inc.
- Pillars Drinkable Yogurt
- Sovos Brands Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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