News

The global Flavored Yogurt market size is expected to be worth around US$ 65.7 billion by 2027, according to a new report by Vision Research Reports.

The global Flavored Yogurt market size was valued at US$ 34.7 billion in 2019 and is anticipated to grow at a CAGR of 6.8% during forecast period 2020 to 2027.

Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/35795

Growth Factors

Shift in the dietary habits of the consumers towards the consumption of the flavored yogurt as a dessert and as an important ingredient of the diet has impacted the growth of the yogurt and has made it a popular food item in past few years. The rising awareness among consumers about lifestyle-related health concerns and benefits of yogurt attributing with constitution of vital fortified vitamins, creamy, pulp-laced and sugar-free content has a positive impact on the digestive mechanism. As a result of the innovation in product offerings, the conventional spoonful of plain yogurt is increasingly substituted by the flavored or fruit yogurts.

Report Highlights

By 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.

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.

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.

The online segment is projected to surge in developed regions including North America and Europe and is witnessing a significant CAGR of more than 8.0% and 7.3% respectively during the forecast period. Faster delivery options and discounts are among the prominent factor driving the growth of the segment.

Europe was estimated to be the largest market for flavored yogurt in the year 2019 owing to the growing popularity of the berry yogurts and flavored Greek yogurt in the market. In 2019, France was the largest market for flavored yogurt with over 22.0% of market share in Europe.

Asia Pacific is anticipated to witness a CAGR of more than 7.8% during the forecast period. The growing popularity of flavored yogurt as an alternative option for ice-cream and desserts by the grocery shops and restaurants is trending high in countries like India and China.

Key Players

General Mills, Inc.; Danone; Nestle S.A.; Chobani LLC; Lactalis; Fonterra; and Arla foods, are some of the major players in the market.

Market Segmentation