The global skim yogurt market size was valued at $4,624.2 million in 2021, and is projected to reach $9,932.9 million by 2031, registering a CAGR of 7.6% from 2022 to 2031. Globally, changing consumer preferences towards the consumption of organic, tasty, and healthy dairy food are expected to drive the market demand. Moreover, one of the leading growth factor of skim yogurt is the growing consume preference towards organic products as organic products are more beneficial in terms of nutrients such as antioxidants then the conventionally grown. Also consumers with allergies to food, chemicals, and preservatives may find symptoms which lessens away after consuming organic products. Therefore the demand for organic products is rising and will be more in demand in the near future. Moreover, organic skim yogurt is rich in nutrients and it also helps in strengthen immune system and weight management. Thus, rich health benefits of organic skim yogurt result in enhancing the market growth.
The increase in penetration of various online portals in developing regions and the rise in number of offers or discounts, attracts the consumer to purchase cosmetic products through online channel. Moreover, online sales channel has increased the consumer reach owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further boost the growth of the skim yogurt market
The skim yogurt industry has been segmented based on type, nature, and distribution channel and region. Based on type, the skim yogurt market is bifurcated into plain yogurt, flavored yogurt and fruits yogurt. Based on nature, the market is divided into organic and conventional. By distribution channel, the market is divided into hypermarket/supermarket, specialty stores, convenience stores, online sales channel and others. By distribution channel the market is divided into hypermarket/supermarket, specialty stores, convenience stores, online sales channel and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report Byrne Dairy, Danone S.A., General Mills, Inc., GCMMF LTD, Juhayna, Muller Group, National Dairy Development Board, Nestlé, Rainy Lanes Dairy Foods Ltd., and Tillamook.
The increase in penetration of various online portals in developing regions and the rise in number of offers or discounts, attracts the consumer to purchase cosmetic products through online channel. Moreover, online sales channel has increased the consumer reach owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the near future due to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and the facility to enter in new international markets for major brands further boost the growth of the skim yogurt market
The skim yogurt industry has been segmented based on type, nature, and distribution channel and region. Based on type, the skim yogurt market is bifurcated into plain yogurt, flavored yogurt and fruits yogurt. Based on nature, the market is divided into organic and conventional. By distribution channel, the market is divided into hypermarket/supermarket, specialty stores, convenience stores, online sales channel and others. By distribution channel the market is divided into hypermarket/supermarket, specialty stores, convenience stores, online sales channel and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report Byrne Dairy, Danone S.A., General Mills, Inc., GCMMF LTD, Juhayna, Muller Group, National Dairy Development Board, Nestlé, Rainy Lanes Dairy Foods Ltd., and Tillamook.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the skim yogurt market analysis from 2021 to 2031 to identify the prevailing skim yogurt market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the skim yogurt market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global skim yogurt market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Plain Yogurt
- Flavored Yogurt
- Fruits Yogurt
By Nature
- Organic
- Conventional
By Distribution Channel
- Hypermarket and Supermarket
- Specialty Stores
- Convenience Stores
- Online Sales Channel
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- U.K.
- Italy
- Spain
- Switzerland
- Rest of Europe
- Germany
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Muller UK and Ireland Group LLP
- General Mills Inc.
- Nestle S.A
- Danone, Inc.
- Wallaby Yogurt Company
- Tillamook Dairy Co-Op
- Byrne Dairy
- Juhayna Food Industries
- Gujarat Co-operative Milk Marketing Federation Ltd.
- Mother Dairy Fruit and Vegetable Pvt Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SKIM YOGURT MARKET, BY TYPE
CHAPTER 5: SKIM YOGURT MARKET, BY NATURE
CHAPTER 6: SKIM YOGURT MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: SKIM YOGURT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Skim Yogurt Market," the skim yogurt market size was valued at $4.6 billion in 2021, and is estimated to reach $9.9 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.Globally, changing consumer preferences towards the consumption of organic, tasty, and healthy dairy food are expected to drive the market demand. Increase in consciousness regarding healthy lifestyle adoption and the preference for staying fit has raised consumer indulgence in skim yogurt products. Moreover, the increasing prevalence of chronic lifestyles diseases worldwide has further boosted the growth of the market. Furthermore, skim yogurt has nearly every nutrient needed by the human body, and is considered as an effective food for achieving flat abs and weight loss. It is rich in calcium, vitamins, and trace minerals such as phosphorus, magnesium, & potassium. Moreover, consumption of skim yogurt helps in enhancing immune system and protects our body from a variety of infections. Skim yogurt effectively fights against respiratory issues like common cold, flu & even cancer and gastrointestinal infections. Hence, diversified health benefits associated with skim yogurt further boost the market growth.
However, the growth in the Skim Yogurt Industry brings about a significant need for governmental intervention and it also strengthen regulations pertaining to the distribution, production, safety testing and claims related to the effectiveness and efficiency of skim yogurt. In last couple of years the government across the globe has become more severe with the safety standards and has observed a rise in the number of labelling violation related to skim yogurt products. Moreover, strict regulatory compliance across all the countries related to skim yogurt products has further affected the global Skim Yogurt Market Share.
The market in the Asia-Pacific region offers lucrative Skim Yogurt Market Opportunities for the operating players owing to the presence of countries such as India, China, Australia, New Zealand, and others. Increase in adoption of western lifestyle, surge in population, and rise in disposable income of consumers majorly drive the growth of the skim yogurt market. Moreover, increase in awareness regarding flavored skim yogurt products and its associated benefits have further augmented the Skim Yogurt Market Growth. Developing region offers potential growth opportunities to the market players for launching innovative skim yogurt products. This is further enhancing the adoption and skim yogurt market trends espicially in North America and Europe region. Moreover, countries in Latin America, such as Brazil, are anticipated to unfold attractive business opportunities owing to increase in awareness regarding skim yogurt products and its benefits.
Key Findings of the Study
- By type, the Flavored Yogurt segment accounted for highest market share in 2021, growing at a CAGR of 6.8%, and the plain yogurt segment is expected to be the second fastest growing segment with a CAGR of 9.3% during the Skim Yogurt Market Forecast period.
- On the basis of nature, The conventional segment was the highest revenue contributor to the market, with $3,890.5 million in 2021, and is estimated to reach $8,012.7 million by 2031, during the skim yogurt market analysis
- On the basis of distribution channel, the online sales channel and others segments are expected to witness considerable CAGRs of 10.4% and 9.5% respectively, during the forecast period.
- Europe is estimated to reach $2,473.3 million by 2031, at a significant CAGR of 6.0%. North America and Europe collectively accounted for around 68.0% share in 2021
- Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report The key players profiled in the report Byrne Dairy, Danone S.A., General Mills, Inc., GCMMF LTD, Juhayna, Muller Group, National Dairy Development Board, Nestlé, Rainy Lanes Dairy Foods Ltd., and Tillamook.
Companies Mentioned
- Muller UK and Ireland Group Llp
- General Mills Inc.
- Nestle S.A
- Danone, Inc.
- Wallaby Yogurt Company
- Tillamook Dairy Co-Op
- Byrne Dairy
- Juhayna Food Industries
- Gujarat Co-Operative Milk Marketing Federation Ltd.
- Mother Dairy Fruit and Vegetable Pvt Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4624.2 million |
| Forecasted Market Value ( USD | $ 9932.9 million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
