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Global Flavored yogurt Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Flavored yogurt Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Flavored yogurt Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 20 May 2020
  • Report ID: F&B 0033
  • Pages:189
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Yogurt is formed by fermenting milk with bacteria. Yogurt when garnished or nourished with flavours derived from various sources such as fruits and vegetables, it is termed as flavoured yogurt. Flavoured yogurts are available in various forms based on criteria like low-fatty or non-fatty, frozen or regular and flavours from different fruits. There has been an increased demand for flavoured yoghurts due to the health benefits offered by it. The flavored yogurt market size was registering a CAGR of 4.8% from 2019 to 2028. In 2019, the strawberry segment accounted for more than half of the total flavored yogurt market share. Flavored yogurt is prepared from addition of flavor to the fermented milk with well-defined and viable bacteria which creates a thickened product having an extended shelf life. Flavored yogurt is offered in the market in various forms including drinkable, frozen, set and Greek. Flavors, sweeteners and fruits are added to the yogurt to enhance the aroma, taste and consistency.

Top Driver: Rise in awareness of the health benefits of yogurt, surge in demand for flavored yogurt

In the developing nations, and innovation in taste & flavor of yogurt propel the growth of the global flavored yogurt market. On the other hand, increase in use of dairy alternative based products curtails down the growth to certain extent. However, growing demand for organic flavored yogurts is anticipated to usher in a plethora of opportunities in the near future.

The broad consumer getting of packaged flavored yogurt products due to the presence of healthy ingredients like proteins, sugar-free content, and availability of these products in convenience stores, the market is expected to grow, and encourage international players to expand their consumer base. The demand for naturally enriched fresh fruit-flavored yogurt is very high, especially for berry flavors such as strawberry, blueberry, and raspberry. Besides these flavors like mango, chocolate, and coffee are also drawing huge attention among consumers. The product is termed as a good source of protein and calcium and is now available in varieties of flavors. Vanilla is a globally well-known flavor and is expected to grow significantly in the forecast period.

Strawberry flavor to Make Crucial Contribution to Growth of Global Flavored yogurt market

As per the flavor, the flavored yogurt market is divided into strawberry, blueberry, vanilla, peach, and others. Strawberry accounted for the largest market share of 33.0% in the year 2019. Strawberry is one of the major flavors in this segment is driving the market. Berry flavored yogurts are becoming most popular among consumers due to the presence of the naturally potent ingredients, which is anticipating the market for strawberry and blueberry flavors in the forecast period.

Innovation in product offerings such as plant-based yogurt and Greek yogurt are gaining more traction from consumers, thus driving the demand for the segment. Strawberry flavor is the fastest-growing segment in the market for flavored yogurt and is expected to witness a significant growth of more than 7.6% CAGR in the forecast period. Increasing focus on health, dietary habits, and easily available at convenience stores are among the prominent factors driving the segment.  

On the basis of the distribution channel, the market is further divided into supermarkets, convenience stores, online, and others. The market is heavily dominated by the supermarket segment accounting for more than 45.0% of the market share in 2019. All the major brands of flavored yogurts are available in supermarket, thus, they generate maximum revenue based on the distribution channel. Furthermore, easy access, availability of the product, and variety are among the prominent factors driving the growth of the segment. In the U.S., supermarket chains like Walmart and The Kroger Co., have large number of supermarket stores in the region holding bulk of the dairy products. Apart from supermarkets, convenience stores are also expected to have significant growth in the coming future. Online sellers with improved storage technologies and quality will also bolster the growth of the market

Europe was the prominent market Flavored yogurt market

On the basis of region, Europe was the bulging market in 2018 and accounted for the maximum share in the global flavored yogurt market. This can be attributed to high per capita consumption of flavored yogurt in majority of the countries in Europe including Germany, France, Italy, UK, among others. Consumers in the region are attracted by the new flavors, and textures of the flavored yogurts and has led to the growth of the market in the region. Furthermore, Asia-Pacific is expected to witness a highest CAGR, owing to the rising awareness of the health benefits of flavored yogurt.

The players in the flavored yogurt market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market.

Players to Focus on Global Flavored yogurt market

General Mills, Inc.; Danone; Nestle S.A.; Chobani LLC; Lactalis; Fonterra; and Arla foods, are some of the major players in the market. The market poses a moderate to high entry barrier due to the presence of big sharks and huge investment amount. These market players are indulged in product innovations and are investing a huge amount in research and development in order to provide the best eatable product to the consumers and to gain an edge over its competitors. The market for flavored yogurt is further driven by various mergers and acquisitions, and expansion to different regional markets by the big players in the market.

Lactalis Group : Example, Lactalis Group has acquired Stonyfield Farm, one of the major manufacturers of yogurt varieties, including grass-fed and soy to expand their flavored yogurt business across North America.

Scope of the Report

By Flavor  

  • Strawberry
  • Blueberry
  • Vanilla

By Distribution Channel  

  • Supermarket
  • Convenience Stores
  • Online

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report 

  1. It provides a technological development map over time to understand the growth rate of the industry.
  1. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  1. It renders definite analysis for changing competitive dynamics.
  1. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Flavored yogurt  Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Flavored yogurt  Market -Industry Snapshots

6.1             Overview

6.1.1          Global Flavored yogurt  Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Flavored yogurt  Market Analysis, by Flavored yogurt

7.1             Overview

7.2             Key Findings for Flavored yogurt  Market- By Flavored yogurt

7.2.1          Flavored yogurt  Market- Strawberry

7.2.2          Flavored yogurt  Market- Blueberry

7.2.3          Flavored yogurt  Market- Vanilla

TABLE 3    Flavored yogurt  market by Flavored yogurt 2, 2019 – 2028 (USD Million)

Chapter 8           Global Flavored yogurt  Market Analysis, by Distribution Channel

8.1             Overview

8.2             Key Findings for Flavored yogurt  Market- By Distribution Channel

8.2.1          Flavored yogurt  Market- Supermarket

Flavored yogurt market by Distribution Channel 1, 2019 – 2028 (USD Million)

8.2.2          Flavored yogurt  Market- Convenience Stores

Flavored yogurt market by Commercial

8.2.3          Flavored yogurt  Market- Online

Flavored yogurt  market by Distribution Channel 3, 2019 – 2028 (USD Million)

Chapter 9           Flavored yogurt  Market Analysis by Region

9.1             Key Findings for Flavored yogurt  Market- By region

9.2             Overview

9.2.1          Global Flavored yogurt  Market Analysis, By Type, 2019 – 2028

9.2.2          Global Flavored yogurt  Market Analysis, By Product Type, 2019 – 2028

9.3             Flavored yogurt  Market – North America

9.3.1          Overview

9.3.2          U.S.

9.3.3          Canada

9.3.4          Mexico

9.3.5          North America Market, By Type

9.3.6          North America Market, By Product Type

9.4             Flavored yogurt  Market – Europe

9.4.1          Overview

9.4.2          Germany

9.4.3          United Kingdom

9.4.4          France

9.4.5          Italy

9.4.6          Rest Of Europe

9.4.7          Europe Market, By Type

9.4.8          Europe Market, By Product Type

9.5             Flavored yogurt  Market – Asia Pacific

9.5.1          Overview

9.5.2          China

9.5.3          Japan

9.5.4          India

9.5.5          Rest of APAC

9.5.6          Asia Pacific Market, By Type

9.5.7          Asia Pacific Market, By Product Type

9.6             Flavored yogurt  Market – SAMEA

9.6.1          Overview

9.6.2          Middle East & Africa (MEA)

9.6.3          South America

9.6.4          Rest Of World

9.6.5          South America, Middle East and Africa Market, By Type

9.6.6          South America, Middle East and Africa Market, By Product Type

Chapter 10       Market Competition Analysis

10.1           Market Share/Positioning Analysis

10.1.1       Market Positioning of Key Vendors, 2019

10.1.2       Key Strategies Adopted by the Leading Players

10.1.3       Recent Developments

Chapter 11       Company Profiles- Snapshot

11.1.1       General Mills, Inc

11.1.2       Business Fundamentals

11.1.3       Financial Snapshots

11.1.4       Product Portfolio

11.1.5       Recent Developments

11.2           Danone

11.3           Nestle S.A.;

11.4           Chobani LLC

11.5           Lactalis

11.6           Fonterra

11.7           Arla foods

11.8           Emmi Group

11.9           Cabot Creamery

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 12       Appendix

 

 

 

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