Yogurt Market, By Product Type (Traditional Yogurt and Flavored Yogurt, and Non-Dairy Yogurt), By Packaging (Cup/Tub, Pouch, Bottle, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Aug 2024

Code : CMI1461

Pages :120

Formats :

Excel and PDF

Industry : Consumer Goods

Market Challenges: Increasing health consciousness among consumers

One of the major challenges currently being faced by the yogurt market is increasing health consciousness among consumers. In recent years, there has been a significant rise in the number of people adopting healthy lifestyles and focusing on wellness. Many consumers are shifting towards plant-based, low sugar, and organic food products. This is posing a threat to conventional yogurt products that are higher in sugar content. Yogurt manufacturers will need to innovate and come up with new formulations that can cater to this demand for healthy options while also maintaining taste. Producing low sugar or sugar-free varieties without compromising on flavor will be a big technical challenge. They will also have to market these new products effectively and educate consumers about the nutritional benefits to gain their trust and attract new customers. The yogurt market will need to closely monitor changing consumption patterns and proactively adapt their offerings accordingly to stay relevant.

Market Opportunities: Growing demand for probiotic and gut health products

The growing demand for probiotic and gut health products presents a major opportunity for the yogurt market. In recent times, more people have become aware of the importance of maintaining a healthy gut microbiome and its various health benefits. This has led to a rise in demand for fermented dairy foods like yogurt that are a good source of live active cultures and probiotics. Yogurt manufacturers can capitalize on this opportunity by developing new probiotic strains with specific health positioning and enhancing the marketing of existing products. They can also explore co-branding opportunities with digestive supplement brands to leverage each other's customer bases. Another avenue is the customization trend - offering consumers the ability to customize yogurt according to their individual probiotic requirements through options like strain selection. This allows for further marketing of the gut health attribute and targeting of niche customer segments.