Yoghurt

Yoghurt

Global Yoghurt Market to Reach US$130.2 Billion by 2030

The global market for Yoghurt estimated at US$98.2 Billion in the year 2023, is expected to reach US$130.2 Billion by 2030, growing at a CAGR of 4.1% over the analysis period 2023-2030. Set Yogurt, one of the segments analyzed in the report, is expected to record a 3.9% CAGR and reach US$58.0 Billion by the end of the analysis period. Growth in the Greek Yogurt segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$26.5 Billion While China is Forecast to Grow at 6.8% CAGR

The Yoghurt market in the U.S. is estimated at US$26.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.9 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.2% and 3.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

Global Yoghurt Market - Key Trends and Drivers Summarized

Yoghurt is a versatile and nutritious dairy product made by fermenting milk with beneficial bacteria, primarily Lactobacillus bulgaricus and Streptococcus thermophilus. This fermentation process not only imparts yoghurt with its characteristic tangy flavor and creamy texture but also enhances its nutritional profile by increasing the availability of vitamins, particularly B vitamins, and improving digestibility. The beneficial bacteria in yoghurt help break down lactose, making it easier to digest, especially for those with lactose intolerance. Yoghurt is available in various forms, including plain, flavored, Greek, and drinkable yoghurt, catering to diverse consumer preferences and dietary needs. Greek yoghurt, known for its thicker consistency and higher protein content due to the straining process that removes much of the whey, has gained significant popularity, particularly among health-conscious consumers and those seeking high-protein diets. Additionally, yoghurt can be enriched with probiotics, which are live microorganisms that provide health benefits when consumed in adequate amounts, contributing to its reputation as a functional food that supports gut health and overall well-being.

The global yoghurt market has expanded rapidly in recent years, driven by growing consumer awareness of the health benefits associated with yoghurt consumption. Yoghurt is widely recognized for its role in promoting digestive health, strengthening the immune system, and providing essential nutrients such as calcium, protein, and probiotics. The increasing prevalence of lactose intolerance has also led to the development of lactose-free yoghurt options, making this nutritious food accessible to a broader audience. Furthermore, the rising trend of healthy snacking and the growing popularity of on-the-go food products have boosted the demand for yoghurt-based snacks and drinkable yoghurts. Manufacturers are continuously innovating to meet consumer demand, introducing new flavors, incorporating superfoods like chia seeds, flaxseeds, and quinoa, and offering organic and non-GMO yoghurt options to cater to health-conscious consumers. The expansion of flavor profiles, including exotic fruits and dessert-inspired varieties, has also contributed to the market`s growth by appealing to a wider range of taste preferences. Additionally, packaging innovations, such as single-serve portions and resealable containers, have enhanced the convenience and appeal of yoghurt as a versatile food product suitable for any time of day.

The growth in the yoghurt market is driven by several factors, including advancements in production, the rising trend of health and wellness, and the increasing consumer preference for natural and organic products. Innovations have enabled manufacturers to improve the texture, taste, and nutritional profile of yoghurt, while also extending its shelf life. Advanced processing techniques, such as ultra-filtration and high-pressure processing, have enhanced product quality and safety. The health and wellness trend has led consumers to seek out foods that offer both nutrition and convenience, positioning yoghurt as an ideal choice. The demand for organic and clean-label products has further propelled the market, with consumers willing to pay a premium for high-quality, sustainably produced yoghurt. Additionally, the expanding availability of yoghurt in various retail channels, including supermarkets, convenience stores, and online platforms, has made it more accessible to a wider audience. The rise of plant-based diets has also spurred the growth of dairy-free yoghurt alternatives made from almond, coconut, and soy milk, attracting vegan and lactose-intolerant consumers. Moreover, the increasing emphasis on sustainability and ethical production practices has encouraged manufacturers to adopt eco-friendly packaging and sourcing methods, further aligning with consumer values. These factors collectively drive the robust growth of the yoghurt market, reflecting the evolving dietary preferences and health priorities of consumers worldwide.

Select Competitors (Total 54 Featured) -

• Arla Foods Ltd.
• Britannia Industries Ltd.
• Chobani LLC
• Groupe Danone
• Muller UK & Ireland Group LLP (Muller Milk & Ingredients)
• Nestle SA
• Parmalat SpA
• Royal FrieslandCampina NV
• Yakult Honsha Co., Ltd.
• Yoplait USA, Inc.

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