The Flavored Yogurt Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Flavored Yogurt Global Market Report 2024, The flavored yogurt market size has grown strongly in recent years. It will grow from $56.43 billion in 2023 to $60.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to health and nutrition trends, dairy-free alternatives, clean label movement, snack culture emergence.
The flavored yogurt market size is expected to see strong growth in the next few years. It will grow to $82.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to innovative consumption formats, personalization and customization, transparency in health claims, exploration of dairy sources, eco-friendly packaging. Major trends in the forecast period include functional ingredients integration, variety in flavors, convenience and portability, plant-based alternatives.
The increasing health consciousness among consumers is expected to drive the growth of the flavored yogurt market going forward. Health-conscious consumers (HCCs) are those consumers that live a ‘wellness-oriented’ lifestyle and are worried about their environment and nutrition. Health-conscious consumers are interested in the consumption of healthier products such as yogurt which supports digestive health and weight consciousness. For instance, according to a survey result published in January 2021 by Public Health England (PHE), an England-based government agency for health and social care, a survey of more than 5000 adults showed that 7 in 10 adults were motivated to make healthier lifestyle changes owing to COVID-19 pandemic while 8 in 10 adults aged over 18 decided to alter their lifestyle in 2021. Around 43% of adults feel more motivated to make changes to their life as compared to last year. Therefore, the increasing health consciousness among consumers will propel the demand for flavored yogurt.
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The flavored yogurt market covered in this report is segmented –
1) By Type: Organic, Conventional
2) By Form: Spoonable, Drinkable
3) By Flavor: Strawberry, Blueberry, Vanilla, Peach, Other Flavors
4) By Distribution Channel: Supermarket, Convenience Stores, Online, Other Distribution Channels
5) By End Use: Food And Beverage Industry, HoReCa (Hotel, Restaurant, Cafe), Household Retail
Product innovations have emerged as a key trend gaining popularity in the flavored yogurt market. Major companies operating in the market are focused on innovating new products such as plant-based yogurt to offer sustainable product options while providing the same health benefits to consumers. For instance, in March 2023, So Delicious Dairy Free, a US-based producer of dairy-based food products launched its innovative new 0g Added Sugar Coconutmilk Yogurt Alternative. Being one of the first yogurts substitutes to get its sweetness from fruit, the delectable 0g Added Sugar Coconutmilk Yogurt Alternative is redefining the yogurt section. The 0g Added Sugar Coconutmilk Yogurt Alternative is non-GMO Project verified and certified vegan. It is free of dairy, added sugar, and other artificial sweeteners.
The flavored yogurt market report table of contents includes:
1. Executive Summary
2. Flavored Yogurt Market Characteristics
3. Flavored Yogurt Market Trends And Strategies
4. Flavored Yogurt Market - Macro Economic Scenario
5. Global Flavored Yogurt Market Size and Growth
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31. Global Flavored Yogurt Market Competitive Benchmarking
32. Global Flavored Yogurt Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Flavored Yogurt Market
34. Flavored Yogurt Market Future Outlook and Potential Analysis
35. Appendix
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