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Report Overview

The global yoghurt market attained a value of nearly USD 54.92 Billion in 2024. The market is further expected to grow at a CAGR of 6.00% during the forecast period of 2025-2034 to reach a value of USD 98.35 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Yoghurt Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 51.81
Market Size 2034 USD Billion 87.53
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 6.0%
CAGR 2025-2034 - Market by Region Latin America 6.5%
CAGR 2025-2034 - Market by Country India 6.8%
CAGR 2025-2034 - Market by Country Brazil 6.6%
CAGR 2025-2034 - Market by Flavour Flavoured 7.4%
CAGR 2025-2034 - Market by Fat Content Low Fat 7.7%
Market Share by Country 2023 Australia 2.1%

Global Yoghurt Market

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Rapid Expansion of Supermarkets and Hypermarkets to Augment the Yoghurt Industry Growth

Based on distribution channel, the supermarkets and hypermarkets segment accounts for a significant share in the yogurt industry, since these stores stock a broad range of goods from a variety of brands. Cold storage, which is important for preserving the shelf life of perishable dairy goods, is also available in supermarkets and hypermarkets. This is contributing to the growth of the segment.

Europe to Provide Enhanced Growth Opportunities to the Yogurt Market

Region-wise, Europe is expected to witness a robust growth over the forecast period. Currently, it is one of the leading markets for the product. Yoghurt is commonly eaten as a snack and dessert in the European Union, which accounts for the largest market share in Europe. Another significant market for the product includes North America. The growing demand for dairy products in the region, coupled with the thriving food and beverages industry, is expected to significantly contribute to the market growth in North America.

Yoghurt Market Segmentation

Yoghurt or yogurt is a dairy product made from the fermentation of milk by bacteria. It is an excellent source of protein. Because of its high digestibility and richness in essential amino acids, yoghurt is marked high on the nutrition scale. The proteins present in yoghurt are more easily digestible as compared to standard milk. Due to its high nutrient density, yoghurt can also serve as a healthy snack.

Global Yoghurt Market by Segment

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By category, the market is divided into:

  • Conventional
  • Dairy Free

Based on type, the industry can be segmented into:

  • Set Yoghurt
  • Greek Yoghurt
  • Yoghurt Drink
  • Frozen Yoghurt
  • Others

The market is divided based on flavour into:

  • Flavoured
  • Non-Flavoured

On the basis of fat content, the industry can be bifurcated into:

  • Regular
  • Low Fat

By packaging type, the market can be segmented into:

  • Cups
  • Bottles
  • Others

The industry can be classified based on distribution channel into:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
CAGR 2025-2034 - Market by Country
India 6.8%
Brazil 6.6%
Mexico 6.3%
UK 5.9%
USA 5.6%
Canada XX%
Germany 5.4%
France XX%
Italy XX%
China XX%
Japan XX%
Australia XX%
Saudi Arabia XX%

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increasing Popularity Among Health-Conscious Consumers to Bolster the Growth of the Yoghurt Industry

Yoghurt is becoming increasingly popular among health-conscious consumers due to its low fat and sugar content. The manufacturers are responding by offering fortified yoghurt products with added vitamins, minerals, and fibre. Arla Foods, for example, has introduced a fibre-rich yoghurt that is high in proteins, low in fats, and contains about 27% of the daily recommended calcium intake. Thus, the growing awareness regarding the various health benefits of yoghurt and its growing popularity as a healthy snacking option among consumers is significantly contributing to the market growth.

Over the forecast period, the offering of innovative and convenient packaging formats is expected to drive the growth of the market. Manufacturers are launching self-contained froyo balls, squeezable tubes, and containers with anti-choking caps, among other products to reduce spills and potential hazards.

Key Industry Players in the Global Yoghurt Market

The report gives a detailed analysis of the following key players in the global yoghurt market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Nestlé S.A.
  • Danone S.A.
  • Lactalis American Group, Inc.
  • Royal frieslandcampina NV
  • China Mengniu Dairy Company Limited
  • Fonterra Co-operative Group Limited
  • General Mills Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Category
  • Type
  • Flavour
  • Fat Content
  • Packaging Type
  • Distribution Channel
  • Region
Breakup by Category
  • Conventional
  • Dairy Free
Breakup by Type
  • Set Yoghurt
  • Greek Yoghurt
  • Yoghurt Drink
  • Frozen Yoghurt
  • Others
Breakup by Flavour
  • Flavoured
  • Non-Flavoured
Breakup by Fat Content
  • Regular
  • Low Fat
Breakup by Packaging Type
  • Cups
  • Bottles
  • Others
Breakup by  Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nestlé S.A.
  • Danone S.A.
  • Lactalis American Group, Inc.
  • Royal frieslandcampina NV
  • China Mengniu Dairy Company Limited
  • Fonterra Co-operative Group Limited
  • General Mills Inc. 
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global yoghurt market attained a value of nearly USD 54.92 Billion.

The market is projected to grow at a CAGR of 6.00% between 2025 and 2034.

The major drivers of the market include the increasing popularity of yoghurt among health-conscious population, growing demand for dairy products, increasing innovations by key players to include fortified range of yoghurt, and rising consumer disposable incomes.

The key trends guiding the market growth include the rising consumption of yoghurt as a snack, the thriving food and beverage sector, and the growing focus of manufacturers to offer the product in innovative and convenient packaging formats.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant categories of the product include conventional and dairy free.

The various types of yoghurt available in the market are set yoghurt, Greek yoghurt, yoghurt drink, and frozen yoghurt, among others.

Flavoured and non-flavoured are the different segments based on the flavour of yoghurt.

The major segments based on the fat content of yoghurt are regular and low fat.

Cups and bottles, among others, are the different yoghurt packaging types considered in the market report.

The significant distribution channels in the yoghurt market include supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.

The major market players include Nestlé S.A., Danone S.A., Lactalis American Group Inc., Royal frieslandcampina NV, China Mengniu Dairy Company Limited, Fonterra Co-operative Group Limited, and General Mills Inc., among others.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 98.35 Billion by 2034.

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