The global market for Yoghurt is estimated at US$98.2 Billion in 2023 and is projected to reach US$130.2 Billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Set Yogurt segment, which is expected to reach US$58.0 Billion by 2030 with a CAGR of a 3.9%. The Greek Yogurt segment is also set to grow at 3.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $26.5 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $26.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Yoghurt Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Yoghurt Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Yoghurt Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Arla Foods Ltd., Britannia Industries Ltd., Chobani LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 98.2 Billion |
| Forecasted Market Value ( USD | $ 130.2 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
