“Trends for packaged food products drive the market growth”
The Flavored yogurt market is expected to grow at a CAGR of 6.2% during the forecast period from 2023 to 2030, starting from US$ 70.3 Bn in 2021.
Growing awareness of the health benefits associated with yogurt, an increase in demand for flavored yogurt in developing countries, in addition to innovation in the flavor and taste of yogurt supports the growth of the global flavored yogurt market. Additionally, the rising demand for organic flavored yogurt is expected to provide new opportunities for a number of players in the overall flavored yogurt market.
The flavored yogurts market includes a wide number of flavors, but most of them are limited to specific geographic regions. The flavored yogurts are available in a number of colors, forms, packages, and shapes. Key manufacturers in the flavored yogurt market aim to satisfy consumer demand by providing new and innovative yogurts in the market that aims to fulfill the local taste and preferences of consumers across the globe. There has been an extensive move in the inclinations of purchasers towards the healthy benefit of the items while giving equivalent significance to taste and surface. Moreover, yogurts with mixed flavors are discovering footing in the created countries. The worldwide market is divided into the nearness of various provincial and worldwide players. On the other hand, the rising use of dairy alternative-based products is one of the main factors restraining the growth of the market.
Flavor Analysis
“Strawberry accounts for the largest segment in the overall flavored yogurt market”
Based on flavor, the strawberry fragment represented the most extreme offer in the worldwide market in 2021. Strawberry seasoned and strawberry mixed yogurt has been the most favored decision of enhanced yogurt among the purchasers because of the new shading, trademark sweet taste, and smooth surface, Strawberry is a generally accessible product of the soil it is the most favored flavor by the shoppers overall age bunches internationally. Common strawberry enhances or the yogurt with strawberry pieces/pound is picking up fame and prone to encounter steady requests from the market sooner rather than later.
Moreover, the increased penetration of consumers towards whey yogurts and beverages is growing. Thereby, increasing the demand for flavored yogurt globally. The research studies suggest that around 60% population of Brazil consumers flavored yogurt. Moreover, people in Brazil prefer strawberry-flavored yogurt thereby, increases the demand for the segment over the forecasted period.
“Europe dominated the flavored yogurt market in 2021”
In light of Geography, Europe represented more than two-fifths of the worldwide enhanced yogurt showcase income in 2020 and is foreseen to wear the pants by 2030, attributable to rising consciousness of the medical advantages of seasoned yogurt in the area. At the same time, the area across Asia-Pacific would enroll the quickest CAGR of 6.5% all through the estimated time frame. Be that as it may, North America happened to hold the third biggest income holder in 2020. China and India are perhaps the biggest makers just as shoppers of milk and milk items, which is relied upon to push the development of the enhanced yogurt to advertise during the examination time frame.
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Key Industry Developments:
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 Flavored 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 Billion |
| Segmentation | |
Flavor
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Type
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Distribution Channel
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Region Segment (2022-2032; US$ Billion)
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Key questions answered in this report
