The global low-fat yogurt market expected to grow at CAGR of 12.49%. Increasing production of low-fat dairy items including various health benefits related to the consumption of yogurt is predicted to spice up the industry demand. Technological advancements and rising process automation within the industry also are anticipated to propel the industry growth. the worldwide low-fat yogurt market is envisaged to realize a fast momentum in its growth with the rising production of low-fat dairy offerings. The increasing consumption of low-fat yogurt on account of its number of health benefits is anticipated to spur the industry demand within the near future. The industry growth of low-fat yogurt might be augmented further with the growing automation of processes and technological developments.
Top Driver: Low fat yogurt provides a variety of health related benefits
Changing consumer preference for healthier diets, and various associated benefits of low fat yogurt is predicted to drive the market. Low fat yogurt gives a variety of health related benefits. The probiotics present in low fat yogurt helps in weight maintenance and reduction. It also reloads the bacterial flora after an antibiotics regimen and stimulates consistency. This bacteria is also beneficial to enhance the immunity of a person. Since low fat yogurt is rich in calcium, it helps to create healthy teeth and bones. Yogurt provides minerals and vitamins, all of which may prevent certain illnesses. Furthermore, yogurt provides almost every nutrient that the body requires. It is also rich in vitamin B and trace minerals. The Greek sort of low fat yogurt is extremely high in protein. It helps in weight control.
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Three sorts of low-fat yogurt are available within the stores, including flavored, fruit, and plain. The flavored segment dominated the worldwide demand in 2016, with over 47% of the entire market share. Chocolate, vanilla, coffee, and mint are some of the common flavors added for improving the aroma, taste, and texture of the end product. Various health benefits associated with the consumption of organic flavored items are expected to aid in boosting its demand globally. Flavored products are gaining popularity in the North American region. Their consumption in the regular diet is highly preferred by population in the region. Growing demand for processed low-fat dairy items in China & India is expected to boost the Asian market over the forecast period. The global dairy players are focusing on extending their regional presence in Asia Pacific by opening more production and distribution units. The demand for natural flavored food items is rising globally. Market players associated with the production of these items are trying to develop new products to gain a competitive edge.
Fruit low-fat yogurt is among the foremost popular dairy products. The merchandise is gaining popularity, especially within the Asia Pacific region, due to the effectiveness of its nutraceuticals. A number of the fruit flavored low-fat yogurt types available in stores include strawberry, apple, mango, cherry, blueberry, peach, and banana. For manufacturing fruit-based low-fat yogurt, fruits are added to the milk products within the sort of fruit preparation (which is industrially manufactured from whole fruit or pieces or pulps and on rare occasions also from fruit puree or fruit concentrate). Within the process, naturally obtained pectin’s also are added as thickening agents for improving texture and appearance. The worldwide players alongside various research institutions also are trying to form differing types of low-fat yogurt from papaya and banana pulp.
Europe and North America together dominated the market
Europe and North America together dominated the general market .Together, these regions held around 55% of the entire industry share. From the past 20 years, the assembly of yogurt has been globalized, due to the economic process in emerging and developing countries. The demand for the merchandise is especially driven by the worldwide players present in Western European countries. Favorable government regulations and removal of milk quota within the European region are expected to spice up the regional demand within the coming years. The North American market is especially driven by the rising consumption of low-fat dairy items within the U.S. an outsized number of regional players is present within the U.S. These players try to introduce new flavors to extend their market share.
Asia Pacific is emerging as a possible market with a substantial increase within the consumption of dairy items in China, Japan, and India. Rising disposable income coupled with increasing number of consumers preferring organic products is expected to boost the demand in the region. New Zeeland and Australia are among the main suppliers of processed milk within the region. The rising export of dairy products from these countries is anticipated to propel the industry growth.
Players to Focus on Global Low-fat yogurt Market
The market is highly competitive in nature with the presence of several market players. The players present in the market are investing in research & development activities for innovating new and developed processes. Some of the global players operating in the industry include
Some regional players present in the market are
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