Global Flavored Yogurt Market to surge at 7.4% CAGR, hitting $106.2 billion by 2032. Rising demand for exotic flavors drives innovation in plant-based options like beet and pea protein yogurts, catering to nutrient-seeking millennials and expanding the non-dairy yogurt sector.
By 2032, the global flavor yogurt market is expected to reach a valuation of US$ 106.2 billion, growing at a compound annual growth rate of 7.4%. The need for novel and unusual flavors is rising dramatically in the global food and beverage industry. Companies are introducing plant-based or vegetable-based yogurts with aromatic flavors, such beet, carrot, and squash. These goods can be added to recipes or consumed as snacks. These plant-based yogurts are also very nutrient-dense, which makes them popular with millennials.
The global market for non-dairy yogurt will benefit from this. For example, Cargill Inc. sells PURIS pea protein, which is made from yellow peas and processed without the use of hexanes. The company has created a yogurt prototype that is more functionally creamy and has a superior mouthfeel by utilizing the crisp-tasting pea protein and starch.
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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
- Other Retail Formats
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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