Market Size of Flavored Yogurt Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.73 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Flavoured Yogurt Market Analysis
The global Flavoured Yogurt market is projected to register a CAGR of 6.73% during the forecast period, 2022-2027.
During the COVID-19 outbreak, transportation was disrupted and flavored yogurt was short-supplied. As people became more health-conscious following the COVID-19 pandemic, their consumption of flavored yogurt increased. It is therefore anticipated that the market will grow at a healthy rate in the next few years. Furthermore, North American and European consumers have higher purchasing power, contributing to the growth of market's value. Over the last few years, yogurt has become one of the most popular dairy fermented foods in the region. Additionally, the food and beverage industry is experiencing a dramatic increase in the demand for innovative and exotic flavors around the world, as well as in the yogurt industry as a whole.
Moreover, there is a growing demand for healthy food and beverages among consumers. Consequently, plant-based yogurts have become a very popular food item in the last few years and has become a very popular diet in people's diets as a result of the shift in healthy eating habits as well as the increased popularity of yogurt as a healthy dessert item. Hence the market players are launching new innovative products to gain the market share. For instance: In January 2021, The Collective announced the launch of their plant-based range of dairy-free, live Greek-style yogurt alternatives that are available in four different flavors in the United Kingdom. Moreover, Fruit yogurts and flavored yogurts are increasingly replacing plain yogurt as it contains the same functional properties as plain yogurts as a result of innovations in product offerings, which is further boosting the demand for flavored yogurt.
Flavoured Yogurt Industry Segmentation
Yogurt is a good source of probiotics. The popularity of flavored yogurt is surging as a healthy breakfast or snack. It is a delicious dessert made from plain thick yogurt blended with fruits and flavors that have been frozen or fresh, mixed with some sweetener. The global flavored yogurt market (henceforth referred to as the market studied) is segmented by form, distribution channel, and geography. By form, the market is segmented into Spoonable and Drinkable. Based on the distribution channel, the market studied is segmented into Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other distribution channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, the Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
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| Spoonable | |
| Drinkable |
| Distribution Channel | |
| Supermarket/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other distribution channels |
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Flavored Yogurt Market Size Summary
The flavored yogurt market is experiencing significant growth, driven by increasing consumer demand for innovative and exotic flavors, as well as a shift towards healthier eating habits. The market is benefiting from the rising popularity of yogurt as a nutritious dessert and the growing interest in plant-based diets. This trend is particularly evident in regions like North America and Europe, where consumers with higher purchasing power are embracing flavored yogurts. The COVID-19 pandemic has further accelerated this trend, as health-conscious consumers turned to yogurt for its perceived health benefits. The market is also seeing a rise in demand for dairy-free options, catering to the lactose-intolerant population and those seeking plant-based alternatives. Brands are responding by launching new products with functional claims, such as high protein content and probiotic properties, to capture a larger market share.
In the Asia-Pacific region, the flavored yogurt market is rapidly expanding due to changing lifestyles, increasing disposable incomes, and the popularity of ready-to-eat foods. Countries like India and China are contributing to this growth, with innovations in product offerings such as coconut and almond yogurt lines. The market is characterized by moderate to high entry barriers, with major players investing heavily in research and development to maintain a competitive edge. Mergers and acquisitions, along with strategic expansions into new regional markets, are further driving the industry's growth. Key players such as General Mills, Nestle, Danone, Fonterra, and Chobani are actively engaging in product innovations and strategic partnerships to enhance their market presence. The introduction of new flavors and packaging designs, along with high-quality products, is helping these companies to cater to the evolving consumer preferences and maintain their substantial market share.
Flavored Yogurt Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Form
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2.1.1 Spoonable
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2.1.2 Drinkable
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2.2 Distribution Channel
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2.2.1 Supermarket/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Online Retail Stores
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2.2.4 Other distribution channels
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Flavored Yogurt Market Size FAQs
What is the current Flavored Yogurt Market size?
The Flavored Yogurt Market is projected to register a CAGR of 6.73% during the forecast period (2024-2029)
Who are the key players in Flavored Yogurt Market?
Fonterra Group, Danone, Inc., Nestle SA, General Mills, Inc. and Chobani Inc. are the major companies operating in the Flavored Yogurt Market.
