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The yogurt market size is forecast to increase by USD 76 billion at a CAGR of 6.8% between 2024 and 2029.
The yogurt industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The spoonable yogurt segment is estimated to witness significant growth during the forecast period. The spoonable the market encompasses yogurts that are meant to be spooned or squeezed, typically sold in cups or tubes. This category includes both refrigerated and frozen yogurts, with Greek yogurt being a significant segment. The thick and creamy consistency of spoonable yogurt, coupled with its numerous health benefits, has led to its increasing popularity among consumers. Applications of spoonable yogurt extend beyond consumption as a standalone snack, with its use in food and salad dressings further boosting demand. The in preference for Greek yogurt has been a primary growth driver for this market. As consumers continue to seek out new flavors and innovations, the demand for various yogurt offerings, such as low-fat, sugar-free, lactose-free, plant-based, and organic options, has risen. Artificial Intelligence (AI) and automated production lines have streamlined the manufacturing process, reducing costs and increasing efficiency in food service.
The Spoonable yogurt segment was valued at USD 113.70 billion in 2019 and showed a gradual increase during the forecast period. Yogurt's versatility as an ingredient in various dishes, including parfaits, dips, breakfast bowls, and even dinner options, has expanded its reach. Sustainability, safety, and quality are essential considerations for both retailers and consumers in the market. Processing techniques, such as fermentation and the use of starter cultures, play a crucial role in maintaining the desired consistency, taste, and texture of yogurt. The market also includes various packaging formats, including refrigerated, shelf-stable, and online sales channels. Yogurt brands continually innovate to cater to evolving consumer preferences, offering new flavors, textures, and health benefits. Yogurt's role as a source of calcium, protein, and immune support further strengthens its position as a popular and essential food item.
APAC is estimated to contribute 49% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In the Asia Pacific region, major markets for yogurt include China, India, Australia, Vietnam, Japan, and New Zealand, showcasing significant growth potential. Factors fueling this expansion include an increasing preference for a health-conscious lifestyle, the rise of organized retail outlets, and the growing popularity of flavored yogurt beverages. The market is fragmented, with numerous regional and global players catering to the demand for both spoonable and drinkable yogurt. Key companies in APAC include COYO, DSG, Fonterra, Meiji, and Danone. International dairy companies are also capitalizing on the region's growing demand for yogurt, particularly in India. The health benefits of dairy products, including their nutritional value and role in a balanced diet, drive continued consumer demand.
Yogurt innovation continues to thrive, with offerings such as Greek yogurt, low-fat and sugar-free options, lactose-free alternatives, plant-based yogurt, and various flavors and textures. Yogurt processing and sustainability are essential considerations, with a focus on maintaining yogurt's natural consistency, calcium content, and cultured milk quality. Yogurt advertising and branding play a significant role in consumer choice, emphasizing taste, texture, safety, and immune support. Yogurt is versatile, used for breakfast, lunch, dinner, snacks, and desserts, as well as in smoothies and parfaits. Yogurt dips, starter cultures, and fermentation processes are also integral to the industry. Overall, the market in APAC is dynamic and evolving, driven by consumer preferences and the continuous pursuit of innovation.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The yogurt market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the yogurt market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, yogurt market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Arla Foods amba - Arla, a leading international dairy company, provides a range of high-quality yogurt options for consumers.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, with dynamic trends shaping its various sectors. Yogurt's role extends beyond breakfast and snacks, as it increasingly becomes a dinner option with the rise of yogurt dinner recipes. Refrigerated yogurt remains a staple, but the market also sees growth in shelf-stable and online sales. These outlets offer consumers a wide range of fruit-floured dairy products to choose from under a single roof. Yogurt's applications span numerous sectors. Safety remains a top priority, with continuous innovation in processing and packaging ensuring the highest standards. Full-fat and plain yogurt retain popularity, while low-fat, sugar-free, and lactose-free options cater to diverse consumer preferences. Immune support and plant-based offerings are on the rise, with dairy-free yogurt gaining traction.
Yogurt's versatility is showcased through its use in parfaits, desserts, and even dips. Brands continue to differentiate themselves through taste, texture, and branding, while sustainability and innovation drive industry progress. Yogurt trends include the integration of probiotics, protein, and calcium for enhanced health benefits. Cultures and fermentation processes are refined to create unique flavors and consistencies. The market's continuous unfolding is reflected in the diverse offerings of yogurt, from Greek to organic, and the ongoing exploration of new applications and product forms. The Yogurt Market is thriving as consumers explore diverse options like yogurt snacks and yogurt desserts, incorporating yogurt granola for added texture. Health-conscious buyers prioritize yogurt breakfast and yogurt lunch, benefiting from yogurt protein and yogurt calcium for nutrition. Functional advantages such as yogurt gut health and yogurt immune support drive demand for yogurt lactose-free and yogurt sugar-free varieties. Preferences for yogurt full-fat, yogurt shelf-stable, and yogurt refrigerated influence buying decisions. Innovations in yogurt fermentation, yogurt starter cultures, and premium yogurt ingredients enhance product quality. Effective yogurt packaging, yogurt distribution, yogurt retail, yogurt online, and yogurt subscription models boost accessibility. Growing focus on yogurt sustainability, yogurt safety, yogurt quality, and yogurt taste shapes industry trends.
The Yogurt Market is expanding as consumers seek diverse options, including yogurt substitutes like vegan yogurt, featuring varieties such as coconut yogurt, almond yogurt, soy yogurt, cashew yogurt, and oat yogurt. Convenience-driven demand fuels products like yogurt bars, yogurt pouches, and yogurt cups, with innovative yogurt containers enhancing freshness. Strict yogurt labels, yogurt certifications, yogurt regulations, and yogurt standards ensure quality and compliance. Factors like yogurt shelf life and yogurt storage impact purchasing decisions, while yogurt consumption patterns reflect evolving preferences. Understanding yogurt frequency, yogurt demographics, and yogurt psychographics helps brands cater to targeted audiences.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Yogurt Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
237 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.8% |
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Market growth 2025-2029 |
USD 76 billion |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
5.9 |
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Key countries |
Japan, US, Germany, India, UK, South Korea, Canada, China, Italy, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Flavor
10 Market Segmentation by Form Factor
11 Market Segmentation by Distribution Channel
12 Customer Landscape
13 Geographic Landscape
14 Drivers, Challenges, and Opportunity/Restraints
15 Competitive Landscape
16 Competitive Analysis
17 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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