Yogurt Market size to grow by USD 42.2 billion from 2022 to 2027|Growing consumption of Greek yogurt boosts the market growth - Technavio

NEW YORK, July 20, 2023 /PRNewswire/ -- The yogurt market size is set to grow by USD 42.2 billion from 2022 to 2027. The market is estimated to be progressing at a CAGR of 6.23% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing consumption of Greek yogurt. There is an increasing preference for healthy snacks and meal options such as Greek yogurt among consumers. One of the main reasons for the increasing consumption of Greek yogurt among consumers is its health benefits, as this yogurt contains more protein and calcium content than conventional or regular yogurt. Additionally, several vendors in the market are promoting Greek yogurt as an ideal meal replacement and snack option. For example, one of the prominent vendors in the market is Fage offers Fage Crossovers, which is essentially a Greek strained yogurt blend full of toppings. Therefore, the rising trend of meal replacement and snack options is expected to drive the yogurt market growth during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!

The yogurt market covers the following areas:

Yogurt Market Sizing
Yogurt Market Forecast
Yogurt Market Analysis

The report on the yogurt market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Yogurt Market 2023-2027 - Market Dynamics

Significant trends influencing the market growth

The rising use of superfruits in yogurts is a primary trend in the yogurt market during the forecast period. There is a growing adoption of health diets among several consumers due to the rising prevalence of several health issues, including diabetes, obesity, and allergies. As a result, several manufacturers of yogurts are switching from artificial ingredients to natural products. For instance, there is increasing adoption of superfruits such as acai, goji berry, noni, pomegranate, and grapes in their product mix, offering healthier benefits. The main advantages of these superfruits are their healing properties because of their high antioxidant content. Therefore, the growing popularity of healthy diets among consumers is fuelling the demand for superfruits in yogurts which, in turn, is expected to drive the yogurt market growth during the forecast period.

Major challenges hindering the market growth

The rising number of product recalls is a significant challenge that is hindering the yogurt market growth during the forecast period. Some of the negative impacts of product recalls include hampering a company's reputation, damaging consumer trust, and leading to financial and operational burdens. Product recalls mainly happen when there are the products of a company are perceived to have potential health hazards, mainly due to contamination or mislabeling. For example, in March 2021, one of the prominent vendors, Danone recalled three yogurt products because of the potential presence of a metal. Hence, such kinds of product recall negatively impact the manufacturers as well as the industry, which in turn will hinder the yogurt market growth during the forecast period.

Yogurt Market 2023-2027: Market Segmentation

The yogurt market report extensively covers market segmentation by product (spoonable yogurt and drinkable yogurt), flavor (plain and flavored), and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

• The market share growth by the spoonable yogurt segment is significant during the forecast period. The main purpose of the spoonable yogurt segment is to be spooned or squeezed. This segment is essentially sold in cups or tubes. There is growing popularity of spoonable yogurts among consumers due to their key applications, such as food and salad dressings. Additionally, the increasing demand for Greek yogurt among consumers is significantly fuelling the growth of the spoonable yogurt segment. Additionally, the launch of flavored yogurts has a positive impact on the market growth of this segment. Several vendors in the market are offering low-fat and high-protein products. For example, Chobani provides a natural ingredient-based yogurt. Hence, such factors are expected to drive the yogurt market growth during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• Agropur Dairy Cooperative
• Arla Foods amba
• Chobani Global Holdings LLC
• COFCO Corp.
• COYO Pty Ltd.
• Danone SA
• DSG Consumer Partners
• EHRMANN SE
• Emmi Group
• Fage International SA
• Fonterra Cooperative Group Ltd.
• General Mills Inc.
• Lactalis American Group Inc.
• Maple Hill Creamery LLC
• Meiji Holdings Co. Ltd.
• Nestle SA
• Sovos Brands Inc.
• The Hain Celestial Group Inc.
• Unternehmensgruppe Theo Muller
• Yeo Valley Organic Ltd.

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Vendor Offerings

• Agropur Dairy Cooperative: The company offers yogurts under the brands iOGO and Olympic
• Arla Foods amba: The company offers yogurts such as More Fruit and grains blueberry blackberry and strawberry peach.
• Chobani Global Holdings LLC: The company offers yogurts such as Greek yogurt and zero sugar.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Flavor
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global yogurt market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global yogurt market 2017 - 2021 ($ billion)

• 4.2 By Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – By Product Segment 2017 - 2021 ($ billion)

• 4.3 By Flavor Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – By Flavor Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Spoonable yogurt - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Spoonable yogurt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Spoonable yogurt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Spoonable yogurt - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Spoonable yogurt - Year-over-year growth 2022-2027 (%)

• 6.4 Drinkable yogurt - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Drinkable yogurt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Drinkable yogurt - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Drinkable yogurt - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Drinkable yogurt - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ billion)
• Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Flavor

• 7.1 Market segments
• Exhibit 44: Chart on Flavor - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Flavor - Market share 2022-2027 (%)

• 7.2 Comparison by Flavor
• Exhibit 46: Chart on Comparison by Flavor
• Exhibit 47: Data Table on Comparison by Flavor

• 7.3 Plain - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Plain - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Plain - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Plain - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Plain - Year-over-year growth 2022-2027 (%)

• 7.4 Flavored - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Flavored - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Flavored - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Flavored - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Flavored - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Flavor 
• Exhibit 56: Market opportunity by Flavor ($ billion)
• Exhibit 57: Data Table on Market opportunity by Flavor ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Ireland - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Ireland - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Ireland - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Ireland - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Ireland - Year-over-year growth 2022-2027 (%)

• 9.11 Australia - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Australia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Australia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Australia - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Australia - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Agropur Dairy Cooperative 
• Exhibit 111: Agropur Dairy Cooperative - Overview
• Exhibit 112: Agropur Dairy Cooperative - Product / Service
• Exhibit 113: Agropur Dairy Cooperative - Key offerings

• 12.4 Arla Foods amba
• Exhibit 114: Arla Foods amba - Overview
• Exhibit 115: Arla Foods amba - Business segments
• Exhibit 116: Arla Foods amba - Key offerings
• Exhibit 117: Arla Foods amba - Segment focus

• 12.5 Chobani Global Holdings LLC 
• Exhibit 118: Chobani Global Holdings LLC - Overview
• Exhibit 119: Chobani Global Holdings LLC - Product / Service
• Exhibit 120: Chobani Global Holdings LLC - Key offerings

• 12.6 COFCO Corp.
• Exhibit 121: COFCO Corp. - Overview
• Exhibit 122: COFCO Corp. - Product / Service
• Exhibit 123: COFCO Corp. - Key offerings

• 12.7 COYO Pty Ltd.
• Exhibit 124: COYO Pty Ltd. - Overview
• Exhibit 125: COYO Pty Ltd. - Product / Service
• Exhibit 126: COYO Pty Ltd. - Key offerings

• 12.8 Danone SA
• Exhibit 127: Danone SA - Overview
• Exhibit 128: Danone SA - Business segments
• Exhibit 129: Danone SA - Key news
• Exhibit 130: Danone SA - Key offerings
• Exhibit 131: Danone SA - Segment focus

• 12.9 DSG Consumer Partners 
• Exhibit 132: DSG Consumer Partners - Overview
• Exhibit 133: DSG Consumer Partners - Product / Service
• Exhibit 134: DSG Consumer Partners - Key offerings

• 12.10 EHRMANN SE
• Exhibit 135: EHRMANN SE - Overview
• Exhibit 136: EHRMANN SE - Product / Service
• Exhibit 137: EHRMANN SE - Key offerings

• 12.11 Emmi Group
• Exhibit 138: Emmi Group - Overview
• Exhibit 139: Emmi Group - Business segments
• Exhibit 140: Emmi Group - Key offerings
• Exhibit 141: Emmi Group - Segment focus

• 12.12 Fage International SA 
• Exhibit 142: Fage International SA - Overview
• Exhibit 143: Fage International SA - Product / Service
• Exhibit 144: Fage International SA - Key offerings

• 12.13 Fonterra Cooperative Group Ltd. 
• Exhibit 145: Fonterra Cooperative Group Ltd. - Overview
• Exhibit 146: Fonterra Cooperative Group Ltd. - Business segments
• Exhibit 147: Fonterra Cooperative Group Ltd. - Key offerings
• Exhibit 148: Fonterra Cooperative Group Ltd. - Segment focus

• 12.14 General Mills Inc.
• Exhibit 149: General Mills Inc. - Overview
• Exhibit 150: General Mills Inc. - Business segments
• Exhibit 151: General Mills Inc. - Key news
• Exhibit 152: General Mills Inc. - Key offerings
• Exhibit 153: General Mills Inc. - Segment focus

• 12.15 Nestle SA
• Exhibit 154: Nestle SA - Overview
• Exhibit 155: Nestle SA - Business segments
• Exhibit 156: Nestle SA - Key news
• Exhibit 157: Nestle SA - Key offerings
• Exhibit 158: Nestle SA - Segment focus

• 12.16 Sovos Brands Inc.
• Exhibit 159: Sovos Brands Inc. - Overview
• Exhibit 160: Sovos Brands Inc. - Product / Service
• Exhibit 161: Sovos Brands Inc. - Key offerings

• 12.17 The Hain Celestial Group Inc. 
• Exhibit 162: The Hain Celestial Group Inc. - Overview
• Exhibit 163: The Hain Celestial Group Inc. - Business segments
• Exhibit 164: The Hain Celestial Group Inc. - Key news
• Exhibit 165: The Hain Celestial Group Inc. - Key offerings
• Exhibit 166: The Hain Celestial Group Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

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