Yogurt Market Professional Survey 2023-2030 with Globally Growth, Size, Share

 

Yogurt is produced through the fermentation of milk by bacteria. The bacteria in yogurt are called cultures. Yogurt is often a great choice for kids, but can be a bit difficult for adults to get accustomed to. One of the most popular uses of yogurt Market is as a cool dessert with fruit. Yogurt is also great for making ice cream. Frozen yogurt can be eaten like ice cream, and can be used in place of milk or certain cheeses in cooking. In Middle Eastern cultures, yogurt is commonly served as a side dish and can be used as a tangy topping on foods. Different types of milk and starter cultures contribute to the texture and microstructure of the yogurt.

Competitive Landscape

Key players operating in the global yogurt market include Chobani, LLC, Ultima Foods Inc., Yakult Honsha Co., Ltd., Nestle SA, General Mills, Inc., Rainy Lanes Dairy Foods Ltd., Danone, Kraft Foods Group, Inc., Muller UK & Ireland Group LLP, and Sodiaal.

Drivers

Rising consumption of yogurt and various dairy products containing anti-allergic ingredients amidst increasing health consciousness is expected to foster the growth of the yogurt market over the forecast period.

In addition to this, the increasing availability of various yogurt flavors in supermarkets, hypermarkets, airports, and other public places is expected to further cushion the growth of the yogurt market throughout the forecast period.

The Epitome of the COVID-19 Aftermath

The global yogurt market has witnessed moderate growth due to the outbreak of the COVID-19 virus. The crisis-fueled increase in demand for immunity-boosting foods has majorly helped the growth prospects of the market. On top of that, the market has benefited from the rapid adoption of online food delivery services to combat the virus's transmission.

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Key Takeaways

• The yogurt market is anticipated to grow at a CAGR of % during the forecast period owing to the increasing demand for high-quality yogurt products across the food and beverage (F&B) sector and growing product launches. For instance, in April 2022, Pariva, initially known as YogiBalls, added new flavors to its yogurt bites portfolio, including Za’atar and Tandoori yogurt products.

• From a geographical standpoint, the Asia Pacific region is in the vanguard position for the global yogurt market, at the helm of high milk production in South Asian countries and a growing number of government schemes.

• In the same vein, the European region is shaping up well for the global yogurt market on the heels of increasing consumption of fat-free yogurt in Western Europe and the presence of various agrarian economies.

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