NEWARK, Del, June 10, 2022 (GLOBE NEWSWIRE) -- 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.
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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“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.
These advantages can be included in food formulations, making it easier to appeal to clean label campaigns and comply with new label standards. While drinkable yogurt stands apart from other conventional forms, there are other methods for these products to catch buyers' attention. In the past, common flavors like strawberry, vanilla, and other fruit flavors were the norm, but now, imaginative producers are creating flavor profiles that are both decadent and enticing while also 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
- 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
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
Check Report for detailed TOC…
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Explore FMI’s Extensive Coverage on Food and Beverage Domain:
Yogurt Market Size: The global yoghurt market is expected to rise at a CAGR of 4.8%, from USD 89.9 Mn in the year 2022 to USD 143.7 Mn in the year 2032.
Yogurt Powder Market Share: Yogurt powder is fermented milk processed in the form of dry yogurt and has benefits such as convenience, portability, stability, and storability.
Vegan Yogurt Market Forecast: The global vegan yogurt market size is expected to reach a market valuation of US$ 2.2 Bn in 2022, with sales growing at a robust 8.9% CAGR over the forecast period.
Probiotic Yogurt Market Growth: Probiotic yogurt is one of the best sources of friendly bacteria such as Bifidobacterium and lactic acid bacteria. Probiotic yogurt is witnessing surging uptake in the global market due to its benefits to all age brackets, from children to adults.
Citrus Yogurt Market Demand: Growing consumer preference for ready-to-eat foods, rising levels of health awareness, and the resultant changes in dietary habits are key factors that are driving consumption of yogurt products.
Non-Dairy Yogurt Market Value: The non-dairy yogurt market is valued at nearly US$ 6.77 Bn in 2021. The market is projected to grow at a CAGR of 5.8% through 2032 with a projection value US$ 12.2 Bn by 2032.
High Protein Yogurt Market Volume: The global high protein yogurt market at a CAGR of 8% between 2020 and 2030. Consumer preferences are inclining towards maintaining a healthy lifestyle, which has led to the higher consumption of high protein products with potential health benefits.
Plant-based Yogurt Market Analysis: The global plant-based yogurt market and projects a CAGR of 10% between 2020 and 2030. Plant-based snacks will secure hot-selling tag as consumers tilt in favor of healthy and vegan diet.
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Future Market Insights (ESOMAR certified 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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