Global Yogurt Maker Market - 2022-2029

Global Yogurt Maker Market - 2022-2029

Market Overview

A yogurt maker is a kitchen tool that makes it possible to create homemade yogurt quickly, easily, and affordably by heating milk and allowing it to ferment in a controlled environment at a controlled temperature. The global yogurt maker market is predicted to expand throughout the forecast period due to rising yogurt consumption worldwide. Industry players have recently focused on experimenting with and developing a wide range of yogurt products to cater to changing consumer tastes. Yogurt organic, allergen-free, and dairy-free products are gaining popularity among customers. Yogurt consumption among customers has increased recently due to people's increasing awareness of their health and physical attractiveness and their desire to prevent various health conditions. Customers view yogurt as a nutrient-dense supplement.

The global yogurt maker market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.89% during the forecast period (2022-2029).

Market Dynamics: Increasing manufacturing of electric yogurt makers associated with yogurt consumption worldwide

The demand for yogurt makers is expected to increase due to the global demand for yogurt consumption. According to USDA National Agricultural Statistics Service Information, yogurt production in the United States was 912 million pounds in 1989 and has increased fourfold to 4.4 billion pounds in 2019. This level of growth indicates that the market is expanding. Furthermore, according to The Counter newsroom, the yogurt industry is expected to reach $14.5 billion by 2024. That is a lot. That's an increase from the current figure of more than $11 billion. It indicates that it will boost market growth during the forecast period.

Furthermore, increased development for yogurt makers in the global market for modified yogurt products such as flavored yogurt and plant-based yogurt, as well as significant marketing and promotional strategies adopted by global players, will propel the yogurt market during the forecast period.

Market Segmentation: The Fully-automatic type segment for the highest share in the global yogurt maker market

Because of its benefits, such as ease of operation and high efficiency at a low cost, due to the large volume of yogurt produced quickly, these fully automated machines are used in dairy products and ice cream manufacturing units. Moreover, some research labs have invested in a fully automated yogurt maker to develop homemade yogurt with their small-sized machines. For example, The Lecker Labs launched the fully automatic yogurt Maker Yomee on Kickstarter on November 16, 2022. Yomee is a device that uses 100% soluble pods to make homemade yogurt in just three steps. It is now available on Kickstarter for USD 99. (retail price USD 149). The device is smaller than a coffee maker and includes an automated mixing stand, a dishwasher-safe yogurt cup, and a functional jar lid that can hold two different toppings. Yomee was founded on the premise that making healthy yogurt at home can be simple, convenient, and waste-free. It contains organic milk powder, yogurt cultures, and optional flavors in a 100% soluble pod. These investments are in micro yogurt makers, which will increase demand for home-based yogurt.

Geographical Penetration: North America is the dominating region during the forecast period.

In 2021, North America was expected to witness the highest CAGR of xx% during the forecast period. People's increased consumption of yogurt, particularly Greek yogurt, is expected to boost the yogurt market in North America. The introduction of new yogurt makers to produce products, particularly yogurt drinks and flavored yogurt, by prominent regional market players will boost the growth of the North American yogurt maker market in the coming years. Moreover, the high prevalence of digestive disorders drives global demand for probiotic foods across various consumer groups. Yogurt is the most popular probiotic food in both spoonable and drinkable forms and in various flavors. The market for probiotic food products is being driven by the progressive shift of consumers in the U.S. toward digestive health-oriented products. Because of this food, yogurt now accounts for a significant portion of the country's probiotics sales value. In 2021, the United States will consume greek yogurt, accounting for 51.12 percent of the market. These consumption factors indicate an increase in the growth of the yogurt maker market.

Competitive Landscape:

The market for Yogurt makers has been increasing due to players' investment in the manufacturer of yogurt makers. Some of the key players in the yogurt maker market include Euro Cuisine Inc., Gourmia, Ningbo Hippo Electrical Appliance Co., Hamilton Beach Brands, Inc., Cuisinart, Prestige, Philips, Panasonic, Sunbird Technology Development Co., Limited, Ningbo Huining Electrical Co., Ltd., and Joyoung among others. In addition, the yogurt maker from the unorganized sector offers intense competition, so global players primarily focus on cost-effective and easy-to-use electric yogurt makers to expand their market presence. For instance, Novandie Foods, another French yogurt maker (a subsidiary of Andros, France), recently announced its entry into India through a joint venture (JV) with the Hyderabad-based dairy company Heritage Foods on February 18, 2021.

COVID-19 Impact: Positive impact on the global yogurt maker market

COVID-19 has different effects depending on each country's cultural norms, mitigation measures, and health infrastructure. The COVID-19 pandemic has significantly altered global market dynamics in production, supply chains, and financial markets. The food industry is expected to change in 2021 as consumers become more aware of their food options. According to a Natural Marketing Institute survey conducted in May 2020, probiotic consumption is rising. According to the survey, the number of Americans who use probiotics has increased by 66%. Yogurt products experienced rapid growth in the probiotic segment.

Moreover, according to DSM Food & Beverage, the Pandemic year has been an interesting year for manufacturers of yogurt and fermented milk products. Despite the obvious challenges of a global pandemic, sales have increased, with the global yogurt market expected to exceed €100 billion by 2025, at a CAGR of 3.4% from 2020.

Yogurts satisfy the growing consumer demand for immune-boosting nutrients such as vitamin D. According to a recent DSM panel study, 45.4% of consumers prefer yogurt fortified with added nutrition. Furthermore, FMCG Gurus' recent research shows that consumers believe probiotics are immune system boosters. These factors indicate that the yogurt maker market grew during the pandemic and will continue to grow in the coming years.

The global yogurt maker market report would provide access to approximately 73 market data tables, 62 figures and 170 pages