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The global yoghurt market reached a value of about USD 51.81 billion in 2023. The market is further expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
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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.
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 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:
Based on type, the industry can be segmented into:
The market is divided based on flavour into:
On the basis of fat content, the industry can be bifurcated into:
By packaging type, the market can be segmented into:
The industry can be classified based on distribution channel into:
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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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.
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:
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 | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Category |
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Breakup by Type |
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Breakup by Flavour |
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Breakup by Fat Content |
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Breakup by Packaging Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 Opportunities and Challenges in the Market
8 Global Dairy Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2023)
8.3 Global Dairy Market Forecast (2024-2032)
8.4 Global Dairy Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Global Yoghurt Market Analysis
9.1 Key Industry Highlights
9.2 Global Yoghurt Historical Market (2018-2023)
9.3 Global Yoghurt Market Forecast (2024-2032)
9.4 Global Yoghurt Market by Category
9.4.1 Conventional
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Dairy Free
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Global Yoghurt Market by Type
9.5.1 Set Yoghurt
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Greek Yoghurt
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Yoghurt Drink
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Frozen Yoghurt
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Global Yoghurt Market by Flavour
9.6.1 Flavoured
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Non-Flavoured
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.7 Global Yoghurt Market by Fat Content
9.7.1 Regular
9.7.1.1 Historical Trend (2018-2023)
9.7.1.2 Forecast Trend (2024-2032)
9.7.2 Low Fat
9.7.2.1 Historical Trend (2018-2023)
9.7.2.2 Forecast Trend (2024-2032)
9.8 Global Yoghurt Market by Packaging Type
9.8.1 Cups
9.8.1.1 Historical Trend (2018-2023)
9.8.1.2 Forecast Trend (2024-2032)
9.8.2 Bottles
9.8.2.1 Historical Trend (2018-2023)
9.8.2.2 Forecast Trend (2024-2032)
9.8.3 Others
9.9 Global Yoghurt Market by Distribution Channel
9.9.1 Supermarkets and Hypermarkets
9.9.1.1 Historical Trend (2018-2023)
9.9.1.2 Forecast Trend (2024-2032)
9.9.2 Convenience Stores
9.9.2.1 Historical Trend (2018-2023)
9.9.2.2 Forecast Trend (2024-2032)
9.9.3 Specialty Stores
9.9.3.1 Historical Trend (2018-2023)
9.9.3.2 Forecast Trend (2024-2032)
9.9.4 Online
9.9.4.1 Historical Trend (2018-2023)
9.9.4.2 Forecast Trend (2024-2032)
9.9.5 Others
9.10 Global Yoghurt Market by Region
9.10.1 North America
9.10.1.1 Historical Trend (2018-2023)
9.10.1.2 Forecast Trend (2024-2032)
9.10.2 Europe
9.10.2.1 Historical Trend (2018-2023)
9.10.2.2 Forecast Trend (2024-2032)
9.10.3 Asia Pacific
9.10.3.1 Historical Trend (2018-2023)
9.10.3.2 Forecast Trend (2024-2032)
9.10.4 Latin America
9.10.4.1 Historical Trend (2018-2023)
9.10.4.2 Forecast Trend (2024-2032)
9.10.5 Middle East and Africa
9.10.5.1 Historical Trend (2018-2023)
9.10.5.2 Forecast Trend (2024-2032)
10 North America Yoghurt Market Analysis
10.1 United States of America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Canada
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Europe Yoghurt Market Analysis
11.1 United Kingdom
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Germany
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 France
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Italy
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Asia Pacific Yoghurt Market Analysis
12.1 China
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Japan
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 India
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 ASEAN
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Latin America Yoghurt Market Analysis
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Argentina
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Mexico
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Middle East and Africa Yoghurt Market Analysis
14.1 Saudi Arabia
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 United Arab Emirates
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Nigeria
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 South Africa
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis
17.1 Major Exporting Countries
17.1.1 By Value
17.1.2 By Volume
17.2 Major Importing Countries
17.2.1 By Value
17.2.2 By Volume
18 Price Analysis
18.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
18.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
18.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
18.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
18.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
19 Manufacturing Process
19.1 Detailed Process Flow
19.2 Operations Involved
19.3 Mass Balance
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Nestlé S.A.
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Danone S.A.
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Lactalis American Group, Inc.
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 Royal frieslandcampina NV
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 China Mengniu Dairy Company Limited
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Fonterra Co-operative Group Limited
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 General Mills Inc.
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Others
21 Key Trends and Developments in the Market
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 2032
2. Global Dairy Historical Market: Breakup by Region (USD Billion), 2018-2023
3. Global Dairy Market Forecast: Breakup by Region (USD Billion), 2024-2032
4. Global Yoghurt Market: Key Industry Highlights, 2018 and 2032
5. Global Yoghurt Historical Market: Breakup by Category (USD Billion), 2018-2023
6. Global Yoghurt Market Forecast: Breakup by Category (USD Billion), 2024-2032
7. Global Yoghurt Historical Market: Breakup by Type (USD Billion), 2018-2023
8. Global Yoghurt Market Forecast: Breakup by Type (USD Billion), 2024-2032
9. Global Yoghurt Historical Market: Breakup by Flavour Type (USD Billion), 2018-2023
10. Global Yoghurt Market Forecast: Breakup by Flavour Type (USD Billion), 2024-2032
11. Global Yoghurt Historical Market: Breakup by Fat Content (USD Billion), 2018-2023
12. Global Yoghurt Market Forecast: Breakup by Fat Content (USD Billion), 2024-2032
13. Global Yoghurt Historical Market: Breakup by Packaging Type (USD Billion), 2018-2023
14. Global Yoghurt Market Forecast: Breakup by Packaging Type (USD Billion), 2024-2032
15. Global Yoghurt Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
16. Global Yoghurt Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
17. Global Yoghurt Historical Market: Breakup by Region (USD Billion), 2018-2023
18. Global Yoghurt Market Forecast: Breakup by Region (USD Billion), 2024-2032
19. North America Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2023
20. North America Yoghurt Market Forecast: Breakup by Country (USD Billion), 2024-2032
21. Europe Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2023
22. Europe Yoghurt Market Forecast: Breakup by Country (USD Billion), 2024-2032
23. Asia Pacific Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2023
24. Asia Pacific Yoghurt Market Forecast: Breakup by Country (USD Billion), 2024-2032
25. Latin America Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2023
26. Latin America Yoghurt Market Forecast: Breakup by Country (USD Billion), 2024-2032
27. Middle East and Africa Yoghurt Historical Market: Breakup by Country (USD Billion), 2018-2023
28. Middle East and Africa Yoghurt Market Forecast: Breakup by Country (USD Billion), 2024-2032
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
In 2023, the global yoghurt market attained a value of nearly USD 51.81 billion.
The market is projected to grow at a CAGR of 6% between 2024 and 2032.
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 global yoghurt market attained a value of USD 51.81 billion in 2023, 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 2024-2032, 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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