Yogurt is basically a dairy-based product. It is generally procured from the bacterial fermentation of milk. The yogurt is significantly nutritious and an outstanding source of calcium, potassium and protein. Yogurt is relatively low in calories and has wide minerals and vitamins included in it. It is generally a refined milk product that is sourced and solidified by the specific lactic acid-producing cultures included in milk. Rising benefits of consuming yogurt is anticipated to expand the growth of fat-free yogurt market during the forecast period.
The global fat-free yogurt market is growing at a significant pace and is anticipated to observe robust growth over the next seven years till 2023. Rising health consciousness as well as avoiding unhealthy consumption of food is expected to strengthen the demand for fat-free yogurt and the market growth during the forecast period. Apart from this, rising availability of fruit-flavored yogurt with varied health benefits is anticipated to intensify the growth of fat-free yogurt market during the forecast period.
At present, North America region captured the maximum share in revenue of fat free yogurt market and is anticipated to dominate over the forecast period. Rising awareness related to benefits of eating fat free yogurt as well as increasing awareness related to consumption of fat free and healthy products is expected to expand the growth of North American fat free yogurt market over the forecast period. Increasing consumption of flavored yogurt especially in developing countries such as India and China is likely to support the growth of Asia Pacific fat free yogurt market till 2023.
The global fat-free yogurt market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
Key Players Identified Across the Value Chain in the Fat-Free Yogurt Market include but are not limited to:
The key players in the market include Danone Inc., Nestlé, Wallaby Yogurt Company, Rainy Lanes Dairy Foods Ltd, Tillamook, General Mills Inc., Chobani, LLC., FAGE USA Dairy Industry, Inc., Yoplait USA, INC., and Jalna Dairy Foods.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Fat Free Yogurt market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
