According to the latest report by IMARC Group, titled “ Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ,” offers a comprehensive analysis of the industry, which comprises insights on the market. The yogurt industry research report also includes competitor and regional analysis, and contemporary advances in the market. The global yogurt maket size reached US$ 113.5 Billion in 2022 . Looking forward, IMARC Group expects the market to reach US$ 163.8 Billion by 2028 , exhibiting a growth rate (CAGR) of 6.39% during 2023-2028 .
Yogurt Market Overview:
Yogurt is a popular dairy product that is created by fermenting milk with the help of bacterial cultures, primarily Lactobacillus bulgaricus and Streptococcus thermophilus. This fermentation process converts lactose into lactic acid, which gives yogurt its characteristic tangy taste and thick texture. It offers a range of health benefits due to its rich nutritional profile. It is a good source of protein, calcium, vitamin B12, and other essential nutrients. The probiotic bacteria present in yogurt can promote a healthy gut by improving digestion, strengthening the immune system, and supporting overall gut health. In addition to its nutritional value, yogurt is appreciated for its versatility in culinary applications.
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Global Yogurt Market Trends:
The growing consumer awareness and focus on health and wellness have significantly influenced the demand for yogurt. Also, with consumers making healthier food choices, yogurt aligns with their preferences for nutritious and functional foods, which is providing a boost to the market. Additionally, the rising popularity of yogurt as a convenient and versatile snack or meal option is propellant its market demand. Yogurt can be consumed on its own or used as an ingredient in various recipes, making it suitable for different eating occasions. Its creamy texture, along with the availability of a wide range of flavors and varieties, appeals to consumers seeking flavorful and satisfying food options.
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Key Market Segmentation:
Top Yogurt Manufacturers Worldwide:
- Lactalis Group
- General Mills Inc.
- Nestle
- Friesland Campina
- Danone
- Yili Industrial Group Co. Ltd.
Breakup by Product Type:
- Yogurt set
- Greek yogurt
- Yogurt Drinks
- Frozen yogurt
- Others
Breakup by Flavor:
- Strawberry Blend
- Vanilla
- Plain
- strawberry
- Peach
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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