Consumers Inclined Toward Different Types of Yogurt and Flavors Driving the Market

Global yogurt is estimated to record a substantial CAGR of 5.2% during the forecast period (2020-2026). The global yogurt market is recording exceptional growth on the base of several factors including increasing premiumization and urbanization, rising per capita disposable income, increasing consumer demand owing to the health benefits yogurt offer, and the availability of different flavors. In the last few years, the yogurt market exhibited a substantial rise in the number of customers shifting towards vegan/plant-based diets and are continually seeking dairy alternatives with innovative flavors. The offerings of flavored dairy-free yogurts, as well as drinkable yogurts, have increased remarkably in the last decade and captured a remarkable share in supermarkets/hypermarkets shelves. Due to this, producers are emphasizing creating novel flavors and products to keep up with the increasing demand.

Browse the full report description of "Global Yogurt Market Size, Share & Trends Analysis Report by Product Type (Dairy-Based and Non-Dairy-Based), by Category (Flavored and Non-flavored), and by Distribution Channel (Convenience Stores, Supermarkets/Hypermarkets, and Online Stores) Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/yogurt-market

For instance, in 2019, Nongfu Spring created a range of vegan yogurt, which includes three flavors walnut, coconut, and almond made by fermenting plant milk. The launch was to capitalize on the growing global demand for plant-based products that have become increasingly popular in China, and Asian consumers. Additionally, probiotics found in sauerkraut, pickles, and other fermented food and beverages, such as kefir, buttermilk, tempeh, kimchi, and miso, have all been part of commoner's diet in Europe. According to Yakult Konsa annual report, during 2017 – 2018, the UK and the Netherlands recorded consumption of probiotic drinks of 198 and 173 (in 1000 bottles) per day.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- by Product Type, Category, and Distribution Channel
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Chobani, LLC, Danone S.A. Fonterra Co-operative Group Limited, General Mills Inc. Amul (GCMMF), Nestlé S.A., among others

Key questions addressed by the report

• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Yogurt Market Report Segment

By Product Type

• Dairy-based
• Non-dairy-based

By Category

• Flavored
• Non-flavored

By Distribution Channel

• Convenience Stores
• Supermarkets/Hypermarkets
• Online Stores

Global Yogurt Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa

To learn more about this report request a free sample copy @  https://www.omrglobal.com/request-sample/yogurt-market