• Home
  • Internation Expansion
  • Yogurt Market Size Expected to Grow by USD 32.29 Billion | Agropur cooperative and Chobani Global Holdings LLC emerge as dominant players

Yogurt Market Size Expected to Grow by USD 32.29 Billion | Agropur cooperative and Chobani Global Holdings LLC emerge as dominant players

By on April 16, 2022 0

The market is driven by the growing use of super fruits in yoghurts. Additionally, the is expected to drive the growth of the yogurt market.

The growing number of health issues such as diabetes, obesity and allergies have increased consumer awareness of healthy eating. This increases the consumption of healthy foods and prevents the occurrence of illnesses and diseases. Consumers are switching from consuming foods made with artificial ingredients to those containing more natural ingredients such as acai, goji berry, noni, pomegranate and grape. This can be attributed to the presence of high antioxidants and the healing properties of these fruits. Growing consumer demand for these foods is pushing market vendors to offer a range of products containing superfruits. All these factors are expected to drive the growth of the global yogurt market over the forecast period.

Gain insights into other key factors influencing market growth. Download a free sample report

Yogurt market: main suppliers

The global yogurt market is fragmented and characterized by the presence of several international and domestic players. Market vendors compete on the basis of several factors such as quality, price, service, brand image, distribution, and marketing. Major vendors are focusing on acquiring other smaller brands to increase their presence in the market. Technavio identifies the following as the dominant market players.

Agropur cooperative: The company offers real fruit and vegetable flavored yogurts made with blueberry beet, peach carrot and other ingredients under the IOGO NANO brand.

Chobani Global Holdings LLC: The company offers yogurts in various flavors such as pumpkin spice, peppermint perfection, chocolate and others under the Chobani brand.

COYO Pty Ltd. : The company offers organic coconut yogurts flavored with vanilla bean, honey, mango, mixed berry and others under the COYO brand.

DRUMS FOOD: The company offers Greek yogurt, probiotic yogurt, no added sugar yogurt and a wide range of other flavored yogurts under the Epigamia brand.

Fage International SA: The company offers rich and creamy strained yogurts with tasty pieces of fruit or other delicacies under the FAGE Fruyo brand.

Read our free sample report identify other dominant players in the market.

Global Yogurt Market: Segmentation Analysis

The global yogurt market is segmented by product (spoon yogurt and drinkable yogurt) and geography (APAC, Europe, North America, South Americaand MEA).

Yogurt Market Product Outlook (Revenue, USD Billion, 2020-2025)

  • Spoon yogurt – size and forecast 2020-2025
  • Drinking yogurt – size and forecast 2020-2025

The scoopable yogurt segment generated maximum revenue in the market in 2021. The segment is driven by the increased use of scoopable yogurt in foods and salad dressings. Moreover, the launch of new products with various flavors will support the growth of the segment. Market growth in the segment will be significant over the forecast period.

Yogurt Market Geography Outlook (Revenue, USD Billion, 2020-2025)

  • APAC – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • South America – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025

APAC will provide significant growth opportunities for market players over the forecast period. The region currently occupies 45% of the global market share. Expanding population, rising income levels and improving economic conditions are driving the growth of the regional market. Additionally, growing health awareness among consumers will contribute to the growth of the APAC yogurt market. China and Australia are the main yogurt markets in APAC. The market growth in this region will be faster than the market growth in the rest of the regions.

Technavio’s sample reports are free and contain several sections of the report, such as market size and forecast, drivers, challenges, trends, etc.
Request a free sample report

Related reports:

Greek Yogurt Market by Distribution Channel, Type and Geography – Forecast and Analysis 2022-2026

Frozen Yogurt Market by Distribution Channel and Geography – Forecast and Analysis 2022-2026

Yogurt Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 5.41%

Market Growth 2021-2025

$32.29 billion

Market structure

Fragmented

Annual growth (%)

3.97

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC at 45%

Main consumer countries

United States, China, Ireland, Australia and France

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Spoon 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
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Agropur cooperative
  • Chobani Global Holdings LLC
  • COYO Pty Ltd.
  • FOOD BATTERY
  • Fage International SA
  • Fonterra Cooperative Group Ltd.
  • Lactalis Group
  • Lactalis Canada Inc.
  • Pillars Drinkable Yogurt
  • Brands Sovos Inc.

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Technavio
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

contacts
Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
E-mail: [email protected]
Website: www.technavio.com/

SOURCETechnavio