The yogurt market is estimated to be valued at USD 121.19 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The global yogurt market has witnessed significant growth over the past few decades. Yogurt is a fermented dairy food which is produced by the bacterial fermentation of milk. It is rich in various vital nutrients like protein, calcium, vitamins, and probiotics. The rising health consciousness among consumers and awareness about the various nutritional and medicinal benefits of consuming yogurt has been a key driver for the industry. The market has seen the introduction of various product innovations like organic, low-fat, high-protein, and flavored varieties to cater to evolving consumer preferences. With growing disposable incomes, changing lifestyles, and the expanding retail landscape in developing regions, the yogurt market is expected to continue its promising growth trajectory in the coming years.

Market Dynamics:

The global yogurt market is driven by rising awareness about the health advantages of consuming probiotic foods. The market has benefitted from the growing consumer preference for natural, organic, and nutrition-rich food products. However, high cost of raw materials especially milk is a key challenge faced by yogurt manufacturers. Also, the emergence of alternative dairy and plant-based products is increasing the competition in the industry. The market players witness opportunities in untapped developing markets of Asia Pacific and Latin America owing to rising incomes, growing health consciousness, and shifting dietary habits in these regions. Introduction of innovative packaging, new flavors, and varied formats are some strategies adopted by participants to boost demand.

Key Features of the Study:

• This report provides in-depth analysis of the global yogurt market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global yogurt market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include General Mills Inc., Nestle SA, Danone, Yakult Honsha Co. Ltd., Ultima Foods Inc., Chobani LLC, Sodiaal, Muller UK & Ireland Group LLP, Kraft Foods Group Inc., Rainy Lanes Dairy Foods Ltd., Schreiber Dynamix, Nanci's Frozen Yogurt, China Mengniu Dairy Company Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Yakult Honsha Co. Ltd, BV Dairy, Alston Dairy, Tims Dairy, Arla Foods amba, and Yeo Valley
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global yogurt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global yogurt market

Detailed Segmentation-

• By Product Type:
• • Traditional Yogurt
    • Drinking Yogurt
    • Frozen Yogurt
    • Greek Yogurt
  • Flavored Yogurt
    • Fruit-based
    • Vanilla
    • Chocolate
    • Other Flavors
  • Non-Dairy Yogurt
    • Soy-based
    • Almond-based
    • Coconut-based
• By Packaging:
• • Cup/Tub
  • Pouch
  • Bottle
  • Others
• By Distribution Channel:
• • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • General Mills Inc.
  • Nestle SA
  • Danone
  • Yakult Honsha Co. Ltd.
  • Ultima Foods Inc.
  • Chobani LLC
  • Sodiaal
  • Muller UK & Ireland Group LLP
  • Kraft Foods Group Inc.
  • Rainy Lanes Dairy Foods Ltd.
  • Schreiber Dynamix
  • Nanci's Frozen Yogurt
  • China Mengniu Dairy Company Ltd
  • Inner Mongolia Yili Industrial Group Co. Ltd
  • Yakult Honsha Co. Ltd
  • BV Dairy
  • Alston Dairy
  • Tims Dairy
  • Arla Foods amba
  • Yeo Valley