Bright Future Predicted for the Global Yogurt Market

2014-11-04
Published : Nov-2014

In the dairy products market, yogurt is one of the fastest-growing segments. Increased preference for healthy diet and growing awareness about the health benefits of consuming yogurt is driving the market. In 2012, the global market for yogurt was valued at 11.16 billion. By 2019, the market is expected to reach 15.9 billion, growing at a compound annual growth rate of 5.2 percent. The increased availability of new and different flavors has also led to the unprecedented growth in the yogurt market, particularly in North America. As more and more consumers realize the importance of adding low-fat dairy product to their diet, the demand for yogurt will increase, which will in turn bolster sales.

In recent years, consumers’ demand for Greek yogurt has gone up. With its thick, creamy consistency and its use in various cuisines and dishes, the sale of Greek yogurt has witnessed a dramatic increase. Some of the key players in the global market for yogurt are, Group Danone, Nestle SA, Chobani Inc., General Mills and China Mengnui Dairy. Currently Europe is the largest consumer of yogurt, followed closely by the US. However, with changing lifestyle, popularity of dairy products and rise of the middle class, growth in this sector is expected from the Latin-American and Asia-Pacific region. Changing preference of consumers for low-fat and flavored yogurt are some of the key factors that are driving the growth in the industry.

Both set yogurt and frozen yogurt have witnessed steady growth, with the bulk of sales represented through supermarkets. The foodservice industry has also contributed to the growth in the market, with more and more restaurants featuring a variety of yogurt on their menu. Some yogurt manufacturing companies such as Chobani and Danone are also raking up sales by opening their very own yogurt stores. To harness the continued demand for Greek and probiotic yogurt, manufacturers are launching high-protein yogurt drinks. A growing trend in the market is the emergence of yogurt aimed at lactose intolerant consumers. As over 15 percent of the US population is lactose intolerant, such products have a huge potential for growth. In the last couple of years, the demand for non-dairy yogurt such as almond milk yogurt, soy milk yogurt and coconut milk yogurt has also increased. With increasing awareness in health and availability of different flavors, the global market for yogurt is expected to thrive.

Explore the latest market research report on global yogurt market @http://www.sandlerresearch.org/global-yogurt-market-2014-2018.html

Filed in:
More Reports
Title Price Buy Now

Construction in the Netherlands – Key Trends and Opportunities to 2023

Construction in the Netherlands - Key Trends and Opportunities to 2023 Summary In real terms, the Dutch construction industry registered a growth of 7.1% in 2018, following average annual growth of 6.2% during 2014-2017. This was supported by improvements in business confidence and consumer demand, growth in tourism and exports sectors and public and private sector investment in residential and commercial construction projects. The industry is expected to continue to expand over the forecast period (2019-2023), however, with a decelerating growth rate towards the latter part of forecast period. The industry's output is forecasted to register growth rates of 4.8% in 2019 and 3.2% in 2020. Growth will be driven by the government's efforts to develop the country's renewable energy infrastr......
$1495

Construction in the UK – Key Trends and Opportunities to 2023

Construction in the UK - Key Trends and Opportunities to 2023 Summary Construction activity in the UK was weak in 2018, owing to weak business confidence as a result of the UK's planned exit from the EU (Brexit). Poor investor confidence, coupled with sluggish economic growth, reduced construction activity in a number of sectors, particularly commercial buildings. Consequently, the country's construction industry grew by just 0.3% in real terms in 2018; this was preceded by an annual growth of 7.1% in 2017 and 4.1% in 2016. Weak economic growth and high levels of risk to business operations relating to Brexit will continue to constrain construction activity during the early part of the forecast period. Uncertainty over the UK's future outside of the EU continues to unnerve investors, an......
$1495

Construction in France – Key Trends and Opportunities to 2023

Construction in France - Key Trends and Opportunities to 2023 Summary The French construction industry registered marginal growth in 2018, with output expanding by 1.1% in real terms - down from 3.5% in 2017. The pace of expansion was hampered by sluggish economic growth, which eased to 1.5% in 2018, compared to 2.3% growth in 2017, owing in part to a hike in fuel taxes and transporter's strikes. Investor confidence is also being undermined by political risks associated with the ‘yellow vests' protests. Although the number of protestors at the ‘yellow vests' rallies in France fell sharply by mid-2019, there are growing concerns over the impact on the economy from the disruption caused by the movement since it began late 2018. The protests were initially established to challenge fuel ta......
$1495

UK Protection Insurance 2019: Term and Whole of Life

UK Protection Insurance 2019: Term and Whole of Life Summary The UK life protection insurance market for regular individual premiums grew in 2018. This was primarily driven by growth in the term assurance market, with the whole-of-life market growing marginally. Term market growth was primarily due to increased sales of non-mortgage term assurance policies by independent financial advisors. But sales in the direct channel are also increasing, reflecting the demand for purchasing life insurance conveniently online. Underwritten whole-of-life policies continue to be sold by independent advisors, while guaranteed acceptance over-50s products are sold direct without advice. In the future, insurers will look to work with policyholders to improve their lifestyle choices by leveraging the Inter......
$3450

Payments Landscape in Switzerland: Opportunities and Risks to 2023

Payments Landscape in Switzerland: Opportunities and Risks to 2023 Summary GlobalData's "Payments Landscape in Switzerland: Opportunities and Risks to 2023", report provides detailed analysis of market trends in the Swiss cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, credit transfers, direct debits, cash, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including the market shares of ......
$2750

Governance, Risk and Compliance – The Ghanaian Insurance Industry

Governance, Risk and Compliance - The Ghanaian Insurance Industry Summary GlobalData's "Governance, Risk and Compliance - The Ghanaian Insurance Industry", report is the result of extensive research into the insurance regulatory framework in the Ghana. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and lega......
$950

Strategic Market Intelligence: Insurance Industry in Latvia – Key Trends and Opportunities to 2023

Strategic Market Intelligence: Insurance Industry in Latvia - Key Trends and Opportunities to 2023 Summary GlobalData's "Strategic Market Intelligence: Insurance Industry in Latvia - Key Trends and Opportunities to 2023", report provides a detailed outlook by product category for the Latvian insurance industry. It provides values for key performance indicators such as written premium, claims ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Latvian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and c......
$995

Fixed Broadband Market Trends and Opportunities in Asia-Pacific – 2019

Fixed Broadband Market Trends and Opportunities in Asia-Pacific - 2019 Summary "Fixed Broadband Market Trends and Opportunities in Asia-Pacific - 2019", a new Telecom Insider Report by GlobalData, provides an executive-level overview of the fixed broadband market in Asia-Pacific. It delivers quantitative and qualitative insights into the fixed broadband market, analyzing key trends and growth drivers in the region. The Asia-Pacific region is characterized by a vast disparity in the maturity of fixed broadband infrastructure levels resulting in a variety of initiatives required to boost fixed broadband penetration. Some countries are focusing on building and enhancing the core infrastructure, such as national backbone networks, required to deliver fixed broadband, while others are focusi......
$1195

Competitor Profile: Nubank

Competitor Profile: Nubank Summary Nubank report provides information and insight into digital bank Nubank, including comprehensive coverage of its products and services, details of important events and milestones, information on its performance and revenue model, and a comparative assessment against key competitors. Nubank leverages the power of financial technologies to create a more customer-centric, efficient, and transparent banking experience. The bank offers a no-fee credit card entirely managed via an app, targeted at millennials and younger generations who prefer digital products and services to physical branch locations. Other products offered include the NuConta digital account, which features personal financial management tools, personal loans, and a loyalty program called ......
$350

United Arab Emirates: Country Intelligence Report

United Arab Emirates: Country Intelligence Report Summary "United Arab Emirates: Country Intelligence Report", is a new Country Intelligence Report by GlobalData, provides an executive-level overview of the telecommunications market in United Arab Emirates today, with detailed forecasts of key indicators up to 2024. Published annually, the report provides detailed analysis of the near-term opportunities, competitive dynamics and evolution of demand by service type and technology/platform across the fixed telephony, broadband, mobile, and pay-TV, as well as a review of key regulatory trends. GlobalData expects UAE's total telecommunications and pay-TV services revenue to reach US$8.4 billion in 2019, up 0.4% from 2018, driven by strong growth in mobile data and fixed broadband revenue. M......
$990
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy