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Global Yoghurt Market: By Category: Conventional, Dairy Free; By Type; By Flavour: Flavoured, Non-Flavoured; By Fat Content: Regular, Low Fat; By Packaging Type; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Yoghurt Market Outlook
The global yoghurt market reached a value of about USD 43.5 billion in 2020. The market is further expected to grow at a CAGR of 6% in the forecast period of 2023-2028.
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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 yoghurt 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 Yoghurt Industry
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.
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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
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Dairy Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2022)
8.3 Global Dairy Market Forecast (2023-2028)
8.4 Global Dairy Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Global Yoghurt Market Analysis
9.1 Key Industry Highlights
9.2 Global Yoghurt Historical Market (2018-2022)
9.3 Global Yoghurt Market Forecast (2023-2028)
9.4 Global Yoghurt Market by Category
9.4.1 Conventional
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Dairy Free
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.5 Global Yoghurt Market by Type
9.5.1 Set Yoghurt
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Greek Yoghurt
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Yoghurt Drink
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Frozen Yoghurt
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
9.5.5 Others
9.6 Global Yoghurt Market by Flavour
9.6.1 Flavoured
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Non-Flavoured
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.7 Global Yoghurt Market by Fat Content
9.7.1 Regular
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Low Fat
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.8 Global Yoghurt Market by Packaging Type
9.8.1 Cups
9.8.1.1 Market Share
9.8.1.2 Historical Trend (2018-2022)
9.8.1.3 Forecast Trend (2023-2028)
9.8.2 Bottles
9.8.2.1 Market Share
9.8.2.2 Historical Trend (2018-2022)
9.8.2.3 Forecast Trend (2023-2028)
9.8.3 Others
9.9 Global Yoghurt Market by Distribution Channel
9.9.1 Supermarkets and Hypermarkets
9.9.1.1 Market Share
9.9.1.2 Historical Trend (2018-2022)
9.9.1.3 Forecast Trend (2023-2028)
9.9.2 Convenience Stores
9.9.2.1 Market Share
9.9.2.2 Historical Trend (2018-2022)
9.9.2.3 Forecast Trend (2023-2028)
9.9.3 Specialty Stores
9.9.3.1 Market Share
9.9.3.2 Historical Trend (2018-2022)
9.9.3.3 Forecast Trend (2023-2028)
9.9.4 Online
9.9.4.1 Market Share
9.9.4.2 Historical Trend (2018-2022)
9.9.4.3 Forecast Trend (2023-2028)
9.9.5 Others
9.10 Global Yoghurt Market by Region
9.10.1 Market Share
9.10.1.1 North America
9.10.1.2 Europe
9.10.1.3 Asia Pacific
9.10.1.4 Latin America
9.10.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
14.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
14.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
15 Manufacturing Process
15.1 Overview
15.2 Detailed Process Flow
15.3 Operations Involved
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nestlé S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Danone S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Lactalis American Group, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Royal frieslandcampina NV
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 China Mengniu Dairy Company Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Fonterra Co-operative Group Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 General Mills Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Industry Events and Developments
Additional Cusstomisation Available
1 Project Details and Cost Analysis
1.1 Land, Location and Site Development
1.2 Construction
1.3 Plant Layout
1.4 Plant Machinery
1.5 Raw Material Requirement
1.6 Packaging
1.7 Transportation
1.8 Utilities
1.9 Manpower
1.10 Other Capital Investment
List of Key Figures and Tables
1. Global Dairy Market: Key Industry Highlights, 2018 and 2028
2. Global Dairy Historical Market: Breakup by Region (USD Billion), 2018-2022
3. Global Dairy Market Forecast: Breakup by Region (USD Billion), 2023-2028
4. Global Yoghurt Market: Key Industry Highlights, 2018 and 2028
5. Global Yoghurt Historical Market: Breakup by Category (USD Billion), 2018-2022
6. Global Yoghurt Market Forecast: Breakup by Category (USD Billion), 2023-2028
7. Global Yoghurt Historical Market: Breakup by Type (USD Billion), 2018-2022
8. Global Yoghurt Market Forecast: Breakup by Type (USD Billion), 2023-2028
9. Global Yoghurt Historical Market: Breakup by Flavour Type (USD Billion), 2018-2022
10. Global Yoghurt Market Forecast: Breakup by Flavour Type (USD Billion), 2023-2028
11. Global Yoghurt Historical Market: Breakup by Fat Content (USD Billion), 2018-2022
12. Global Yoghurt Market Forecast: Breakup by Fat Content (USD Billion), 2023-2028
13. Global Yoghurt Historical Market: Breakup by Packaging Type (USD Billion), 2018-2022
14. Global Yoghurt Market Forecast: Breakup by Packaging Type (USD Billion), 2023-2028
15. Global Yoghurt Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
16. Global Yoghurt Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
17. Global Yoghurt Historical Market: Breakup by Region (USD Billion), 2018-2022
18. Global Yoghurt Market Forecast: Breakup by Region (USD Billion), 2023-2028
19. North America Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2022
20. North America Yoghurt Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Europe Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Europe Yoghurt Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Asia Pacific Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Asia Pacific Yoghurt Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. Latin America Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2022
26. Latin America Yoghurt Market Forecast: Breakup by Country (USD Billion), 2023-2028
27. Middle East and Africa Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2022
28. Middle East and Africa Yoghurt Market Forecast: Breakup by Country (USD Billion), 2023-2028
29. Major Importing Countries by Volume (2020)
30. Major Exporting Countries by Volume (2020)
31. Major Importing Countries by Value (2020)
32. Major Exporting Countries by Value (2020)
33. North America Historical Price Trends and Forecast 2018-2028
34. Europe Historical Price Trends and Forecast 2018-2028
35. Asia Pacific Historical Price Trends and Forecast 2018-2028
36. Latin America Historical Price Trends and Forecast 2018-2028
37. Middle East and Africa Historical Price Trends and Forecast 2018-2028
38. Global Yoghurt Market Structure
Key Questions Answered in the Report
In 2020, the global yoghurt market attained a value of nearly USD 43.5 billion.
The market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major drivers of the industry, such as the increasing popularity among health-conscious consumers, growing demand for dairy products, increasing innovations to include fortified range of yoghurt, and rising consumer disposable incomes, are expected to aid the market growth.
The key market trend guiding the growth of the industry includes the growing focus of manufacturers to offer the product in innovative and convenient packaging formats.
The major regions in the industry 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 different product types available in the market are set yoghurt, Greek yoghurt, yoghurt drink, frozen yoghurt, and others.
The market is divided based on flavour into flavoured and non-flavoured.
On the basis of fat content, the industry can be bifurcated into regular and low fat.
By packaging type, the market can be segmented into cups, bottles, and others.
The significant distribution channels of the product include supermarkets and hypermarkets, convenience stores, specialty stores, and online, among others.
The major players in the industry are 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., and others.
Analyst Review
The global yoghurt market attained a value of USD 43.5 billion in 2020, driven by the increasing popularity of the product among health-conscious consumers. Aided by the growing innovations and the availability of the product in convenient packaging formats, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By category, the market is divided into conventional and dairy free. Based on type, the industry can be segmented into set yoghurt, Greek yoghurt, yoghurt drink, frozen yoghurt, and others. The market is divided based on flavour into flavoured and non-flavoured. On the basis of fat content, the industry can be bifurcated into regular and low fat. By packaging type, the market can be segmented into cups, bottles, and others. The industry is classified based on distribution channel into supermarkets and hypermarkets, convenience stores, specialty stores, online, and others. The major regional markets for yoghurt are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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