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Global Yogurt Market Anticipated to Reach $51.2 Billion by 2024 - Leading Players are Lactalis Group, General Mills, Nestle, Friesland Campina, Danone, and Yili Industrial Group

/EIN News/ -- Dublin, April 16, 2019 (GLOBE NEWSWIRE) -- The "Yogurt Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global yogurt market was worth US$ 38.7 Billion in 2018. The market for yogurt is further projected to reach US$ 51.2 Billion by 2024, growing at a CAGR of 4.8% during the forecast period (2019-2024).

Yogurt has a low fat and sugar content due to which it is increasingly being preferred by health-conscious consumers. In line with this, manufacturers are offering fortified yogurt products with extra vitamins, minerals and fiber. For instance, Arla Foods has launched a fiber-rich yogurt variant that is high in proteins, low in fats and contains around 27% of the daily recommended intake of calcium.

Convenient and innovative packaging formats offer various growth opportunities to the manufacturers. In line with this, they are introducing products such as self-contained froyo balls, squeezable tubes, and containers equipped with anti-choking cap that minimize spills and reduce potential safety hazards.

The leading dairy companies are acquiring businesses to expand their presence and market operations worldwide. For example, Lactalis acquired the organic yogurt maker Stonyfield from Groupe Danone, and a US-based dairy brand called siggi's which specializes in Icelandic style yogurt.

Breakup by Product Type

  • Set Yogurt
  • Greek Yogurt
  • Yogurt Drinks
  • Frozen Yogurt
  • Others

Currently, set yogurt represents the most popular product type, holding the largest market share. Set yogurt has a firm texture and gets fermented in less time as compared to other yogurt products. It is consumed as a dessert and used as an ingredient in various recipes.

Breakup by Flavors

  • Strawberry Blend
  • Vanilla
  • Plain
  • Strawberry
  • Peach
  • Others

The market has also been categorized on the basis of flavors. Some of the popular flavors of yogurt include strawberry blend, vanilla, plain, strawberry, peach and others.

Breakup by Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others

Amongst these, supermarkets and hypermarkets represent the largest distribution channel as these stores have a wide variety of products from numerous brands. Supermarkets and hypermarkets also offer access to cold storage which is essential for maintaining the shelf-life of perishable dairy products.

Regional Insights

  • European Union
  • North America
  • Eastern Europe
  • Latin America
  • Others

Region-wise, the European Union is the leading market, followed by North America. The European Union accounts for the largest market share as yogurt is widely consumed in the region as a snack and dessert. Other major regions include Eastern Europe, Latin America and Others.

Competitive Landscape

The competitive landscape of the market has also been analyzed. It is characterized by the presence of numerous small and large manufacturers. Some of the leading players operating in the market are:

  • Lactalis Group
  • General Mills Inc.
  • Nestle
  • Friesland Campina
  • Danone
  • Yili Industrial Group Co. Ltd.

Topics Covered

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Yogurt Industry
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.4 Market Breakup by Type
5.5 Market Breakup by Flavour
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value Chain Analysis
5.11 Porter's Five Forces Analysis
5.12 Key Success Factors and Risk Factors

6 Market Breakup by Type
6.1 Set Yogurt
6.2 Greek Yogurt
6.3 Yogurt Drinks
6.4 Frozen Yogurt
6.5 Others

7 Market Breakup by Flavour
7.1 Strawberry Blend
7.2 Vanilla
7.3 Plain
7.4 Strawberry
7.5 Peach
7.6 Others

8 Market Breakup by Distribution Channel
8.1 Supermarkets/Hypermarkets
8.2 Convenience stores
8.3 Specialty stores
8.4 Online Stores
8.5 Others

9 Market Breakup by Region
9.1 European Union
9.2 North America
9.3 Eastern Europe
9.4 Latin America
9.5 Others

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players

11 Yogurt Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements

12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments

13 Loans and Financial Assistance

14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis

15 Key Player Profiles
15.1 Lactalis Group
15.2 General Mills Inc.
15.3 Nestle
15.4 FrieslandCampina
15.5 Danone
15.6 Yili Industrial Group Co. Ltd.

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Related Topics: Yogurt


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