Yogurt Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71871
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The yogurt market share is expected to increase by USD 32.29 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.41%.

This yogurt market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers yogurt market segmentation by product (spoonable yogurt and drinkable yogurt) and geography (APAC, Europe, North America, South America, and MEA). The yogurt market report also offers information on several market vendors, including Agropur cooperative, Chobani Global Holdings LLC, COYO Pty Ltd., DRUMS FOOD, Fage International SA, Fonterra Co operative Group Ltd., Groupe Lactalis, Lactalis Canada Inc. , Pillars Drinkable Yogurt, and Sovos Brands Inc. among others.

What will the Yogurt Market Size be During the Forecast Period?

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Yogurt Market: Key Drivers and Trends

The increasing use of super fruits in yogurts is notably driving the yogurt market growth, although factors such as stringent regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the yogurt industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Yogurt Market Driver

The significant increase in the health consciousness among the consumers is one of the key factors driving the yogurt market share growth. The rising number of health issues such as diabetes, allergies, and obesity over the past few years has encouraged the consumption of various healthy food such as Greek yogurt. Leveraging the rising inclusion of Greek yogurt in the diet plans of health-conscious individuals, vendors have started offering Greek yogurt with superfruits such as acai, pomegranate, noni, goji berry, and grapes. The availability of the product in various flavors is contributing to the sales.

Key Yogurt Market Challenge

Stringent regulations is one of the key challenges for the yogurt market share growth during the forecast period. Regulations related to permits and import-export, new product launches, and labeling of products for expiry dates are hindering smooth sales for vendors. Moreover, dairy product imports are to comply with Animal and Plant Health Inspection Service (APHIS) and FDA approvals. Complying with such stringent regulations is a burdensome task for the manufacturers and is expected to have an adverse impact on the global yogurt market growth during the forecast period.

This yogurt market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Yogurt Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Agropur cooperative
  • Chobani Global Holdings LLC
  • COYO Pty Ltd.
  • DRUMS FOOD  
  • Fage International SA
  • Fonterra Co operative Group Ltd.
  • Groupe Lactalis
  • Lactalis Canada Inc. 
  • Pillars Drinkable Yogurt
  • Sovos Brands Inc.

 

This statistical study of the yogurt market encompasses successful business strategies deployed by the key vendors. The yogurt market is fragmented and the vendors are deploying growth strategies such as reducing the product prices to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The yogurt market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Yogurt Market?

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45% of the market’s growth will originate from APAC during the forecast period. China and Australia are the key markets for yogurt market in APAC. Market growth in this region will be faster than the growth of the market in the rest of the regions.

The increasing demand for healthy foods will facilitate the yogurt market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Yogurt Market?

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The yogurt market share growth by the spoonable yogurt segment will be significant during the forecast period. The thick and creamy texture along with its health benefits has made the spoonable yogurt quite popular - it is generally sold in cups or tubes. Moreover, the rise in preference for applying spoonable yogurt in foods and salad dressings has increased its popularity among consumers on a large scale. Thus, vendors are continuously coming up with innovative flavors of spoonable and the market segment is expected to raise the yogurt market share growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the yogurt market size and actionable market insights on post COVID-19 impact on each segment.

 

Yogurt Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.41%

Market growth 2021-2025

$ 32.29 billion

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 45%

Key consumer countries

US, China, Ireland, Australia, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Agropur cooperative, Chobani Global Holdings LLC, COYO Pty Ltd., DRUMS FOOD, Fage International SA, Fonterra Co operative Group Ltd., Groupe Lactalis, Lactalis Canada Inc., Pillars Drinkable Yogurt, and Sovos Brands Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Yogurt Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive yogurt market growth during the next five years
  • Precise estimation of the yogurt market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the yogurt industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of yogurt market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Spoonable yogurt - Market size and forecast 2020-2025
    • Drinkable yogurt - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Agropur cooperative
      • Chobani Global Holdings LLC
      • COYO Pty Ltd.
      • DRUMS FOOD  
      • Fage International SA
      • Fonterra Co operative Group Ltd.
      • Groupe Lactalis
      • Lactalis Canada Inc. 
      • Pillars Drinkable Yogurt
      • Sovos Brands Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The yogurt market growth will increase by $32.29 billion during 2020-2025.
      The yogurt market is expected to grow at a CAGR of 5.41% during 2020-2025.
      Technavio has segmented the yogurt market by product (Spoonable yogurt and Drinkable yogurt) and geographic (APAC, Europe, North America, South America, and MEA).
      Agropur cooperative, Chobani Global Holdings LLC, COYO Pty Ltd., DRUMS FOOD  , Fage International SA, Fonterra Co operative Group Ltd., Groupe Lactalis, Lactalis Canada Inc. , Pillars Drinkable Yogurt, Sovos Brands Inc. are a few of the key vendors in the yogurt market.
      APAC will register the highest growth rate of 45.18% among the other regions. Therefore, the yogurt market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Ireland
      • Australia
      • France
      The key factors driving the yogurt market growth are:
      • Increasing use of super fruits in yogurts
      The yogurt market vendors should focus on grabbing business opportunities from the spoonable yogurt segment as it accounted for the largest market share in the base year.
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