The global Flavored Yogurt Market is set to witness growth at a CAGR of 7.4% and top a valuation of USD 106.2 Bn by 2032. In the worldwide food and beverage business, the demand for innovative and exotic flavors is growing significantly. Aromatic and plant-based or vegetable-based yogurts, such as beet, carrot, and squash, are being introduced by companies. These products can be eaten as snacks or used in recipes. Furthermore, these plant-based yogurts are high in nutrients, which appeals to the millennial generation.
Globally, this will benefit the non-dairy yoghurt industry. For instance, Cargill Inc. sells PURIS pea protein, which is produced from yellow peas and processed without the use of hexanes. The company has created a yoghurt prototype that is more functionally creamy and has a superior texture using pea starch and protein, which have a crisp flavour.
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According to a lead analyst at FMI, “Consumers’ shifting dietary patterns towards the use of flavoured yoghurt as a dessert and as an important dietary component has influenced the rise of yoghurt and made it a popular food item in recent years.”
Drinkable Flavored Yogurt among Fastest Growing Breakfast Trends
Drinkable flavor-flavored yoghurt is growing more and more well-liked as a breakfast item as a result of consumer demand for more protein, better nutrition, and convenience. Since they are more nutrient-dense than the bulk of other popular breakfast options, flavoured yoghurt and fruit smoothies with nonfat yoghurt are evolving into frequent daily rituals. Yoghurt can help people manage their digestion as well as their appetite, strength, and muscle building.
These advantages can be included into food formulations, making it easier to appeal to clean label campaigns and satisfy new labelling regulations. Even though drinkable yoghurt is different from other conventional varieties, these products can nonetheless entice clients in other ways. In the past, common flavours like strawberry, vanilla, and other fruit flavours predominated, but today’s creative producers are creating flavour profiles that are tantalising and seductive while being low in sugar and fat.
Who is winning?
Some of the leading companies offering flavored yogurt are General Mills, Inc.; Danone S.A., Nestle S.A., Chobani LLC, Lactalis, Fonterra Co-operative Group, Arla foods, Yakult Honsha Co., Ltd., ULTIMA FOODS, Chobani, LLC., Sodiaal, Müller UK & Ireland, Rainy Lanes Dairy Foods Ltd., Parmalat S.p.A., Chi Limited, Cargill, Incorporated., Mother Dairy Fruit & Vegetable Pvt. Ltd., Britannia Nutrition Foundation, and Others.
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Flavored Yogurt Market by Category
By Nature, Flavored Yogurt Market is segmented as:
- Organic Flavored Yogurt
- Conventional Flavored Yogurt
By Form, Flavored Yogurt Market is segmented as:
- Spoonable
- Drinkable
By Flavor, Flavored Yogurt Market is segmented as:
- Strawberry
- Vanilla
- Peach
- Blueberry
- Chocolate
- Vegetable-based
By End Use, Flavored Yogurt Market is segmented as:
- Food and Beverage Industry
- HoReCa
- Household Retail
By Sales Channel, Flavored Yogurt Market is segmented as:
- B2B
- B2C
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Specialty Stores
- Online Retail
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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