Flavored Yogurt to Lead Global Yogurt Market through 2023
Growing consumer inclination
towards healthy and nutritious food products, rising disposable income and
increasing acceptance of yogurt as a snack to drive global yogurt market
through 2023
According
to TechSci Research report, “Global
Yogurt Market By Fat Content, By Type, By Form, By Packaging, By
Distribution Channel, By Region, Competition Forecast & Opportunities, 2013
– 2023”, global yogurt market is projected to surpass $114 billion by 2023,
owing to increasing consumer preference for food products providing varied
health benefits. Rising young population base, changing taste preferences and rising
household disposable income of middle-class population is leading to higher demand
for discretionary food items like yogurt. Danone Group, Yakult Honsha Co., Ltd., General Mills Inc. and
Inner Mongolia Yili Industrial Group Co., Ltd. are among the major players in the
global yogurt market.
Browse 170 Figures spread through 157 Pages and an in-depth TOC on "Global Yogurt Market"
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Flavored
yogurt accounted for nearly three quarters of the market in 2017 and is
expected to maintain its dominance in the coming years, owing to the
availability of yogurt in several flavors such as vanilla, mango, pineapple and
strawberry as well as exotic fruits like raspberry and plum. Moreover,
availability of yogurt with different milk fat percentages caters to the
diverse demand emerging from consumers preferring yogurt with either regular
fat content, low fat or fat free. This availability of different options for health-conscious
consumers is further anticipated to drive the growth of yogurt market, globally,
during forecast period.
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“Growing
acceptance of yogurt as a snack and availability of yogurt in different forms
such as low fat, fat free and gluten free is boosting demand for yogurt across
the globe. Players in the yogurt market should take more initiatives to
increase consumer awareness about yogurt benefits. Moreover, they should consider
entering into strategic collaborations with online retailers, which would allow
them to explore a better medium to reach their end customers and capitalize on
changing consumer needs.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global
Yogurt
Market By Fat Content, By Type, By Form, By Packaging, By Distribution
Channel, By Region, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of yogurt market, globally and provides statistics and information on market
structure, size, share and trends. The report is intended to provide
cutting-edge market intelligence and help decision makers take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities present in global
yogurt market.
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