The global Flavored Yogurt Market is witnessing significant growth, projected to reach USD 106.2 billion by 2032 with a robust CAGR of 7.4%. Flavored yogurt has become increasingly popular among consumers worldwide, driven by factors such as health consciousness, demand for innovative flavors, and convenience.
As a result, there will be a beneficial impact on the worldwide non-dairy yogurt market. Cargill Inc., for example, sells PURIS pea protein, which is made from yellow peas and processed without hexanes. The company has created a yogurt prototype that is functionally creamier and has a superior mouthfeel using the clean-tasting pea starch and pea protein ingredients.
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Demand of the Market:
- Health Consciousness: Consumers are increasingly opting for flavored yogurt as a healthier alternative to traditional snacks and desserts. Flavored yogurt offers numerous health benefits, including improved digestion, immune function, and a lower risk of obesity. As consumers prioritize health and wellness, the demand for flavored yogurt is expected to continue rising.
- Innovative Flavors: The growing demand for exotic and innovative flavors is driving market growth. Food and beverage companies are expanding their product lines to include a variety of natural and exotic flavors to cater to consumer preferences. Flavored yogurt allows companies to capitalize on the perception of freshness and naturalness associated with fruit flavors.
- Convenience: Flavored yogurt’s convenience and versatility make it a popular choice among consumers of all ages. With a wide range of flavors and product forms available, flavored yogurt serves as a convenient and nutritious snack or meal option for busy lifestyles.
“Consumers’ shifting dietary patterns toward the use of flavored yogurt as a dessert and as an important dietary component has influenced the rise of yogurt and made it a popular food item in recent years.” said a lead analyst at FMI.
Drinkable Flavored Yogurt among Fastest Growing Breakfast Trends
Drinkable flavored yogurt is growing in popularity as a way to feed the body at the start of each day, thanks to consumer demand for more protein, better nutrition, and convenience. Many people’s daily routines are incorporating flavored yogurt and fruit smoothies containing nonfat yogurt, which have a higher nutritional value than most other popular breakfast options. In addition to helping consumers strengthen and grow muscles and control their appetite, yogurt can also help them regulate their digestion.
Growing Factors:
- Increasing Consumption: Yogurt consumption has been steadily increasing worldwide, driven by its availability in various forms and flavors. As consumers incorporate yogurt into their daily meals and snacks, the demand for flavored yogurt is expected to rise further.
- Multi-Sensory Experience: Consumers seek a multi-sensory experience when consuming food and beverages. Flavored yogurt offers a visually appealing appearance, pleasant aroma, and delicious taste, providing consumers with a satisfying sensory experience that enhances product appeal and consumption.
- Product Innovation: Continuous product development and innovation in the food industry are driving market growth. Companies are introducing new and unique flavors of flavored yogurt to cater to changing consumer preferences and trends. High-protein flavored yogurts, organic options, and drinkable yogurt drinks are gaining popularity among health-conscious consumers.
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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.
Key Takeaways for Investors:
- Investment Opportunities: The flavored yogurt market presents attractive investment opportunities for investors seeking growth in the B2B industry. With a projected CAGR of 7.4% and a market valuation exceeding USD 100 billion by 2032, the market offers significant potential for returns on investment.
- Focus on Innovation: Investing in companies that prioritize product innovation and offer a diverse range of flavors can drive market competitiveness and growth. Companies leveraging technological advancements and consumer trends to develop innovative flavored yogurt products are well-positioned to capture market share and increase profitability.
- Health and Wellness Trends: As consumers prioritize health and wellness, investing in companies that offer organic, high-protein, and nutritious flavored yogurt options can capitalize on growing market demand. Companies catering to health-conscious consumers with functional ingredients and clean label products are likely to experience sustained growth in the flavored yogurt market.
- E-Commerce Opportunities: E-commerce presents a significant growth opportunity for flavored yogurt manufacturers. Investing in companies that leverage e-commerce channels to reach a wider audience and engage directly with consumers can drive sales and market expansion. With the evolving landscape of online shopping, investing in e-commerce strategies can enhance market competitiveness and profitability.
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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
- Others
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 (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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