Skim Yogurt Market Report 2024

The skim yogurt market size has grown rapidly in recent years. It will grow from $5.66 billion in 2023 to $6.28 billion in 2024 at a compound annual growth rate (CAGR) of 11%. The growth during the historic period can be attributed to several factors, including the expansion of the fast food industry, increased consumer obesity, the availability of a variety of flavors, higher retail sales, the rise of online food ordering and delivery services, and the growing demand for functional food and beverage products.

The skim yogurt market size is expected to see rapid growth in the next few years. It will grow to $9.57 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to several factors, rising dairy food consumption, the increasing prevalence of chronic diseases, higher yogurt product consumption, the growth of e-commerce websites, greater consumption of low-fat dairy products, and the increasing prevalence of obesity. Major trends during this period include innovative product launches, developments in the manufacturing sector, technological advancements, the creation of new flavors and products, and the integration of plant-based skim yogurt.

The growing consumption of dairy products is expected to drive the expansion of the skim yogurt market. Dairy foods, derived from the milk of mammals such as cows, goats, and sheep, are gaining popularity due to increasing awareness of their nutritional benefits and the rising demand for protein-rich foods. These products are fundamental in skim yogurt, contributing to its low-fat, high-protein, and calcium-rich nutritional profile. For instance, in November 2023, the US Department of Agriculture's Foreign Agricultural Service reported an increase in milk consumption for factory use to 5.847 million metric tons (MMT), up from the projected 5.817 MMT in 2023. Additionally, cheese production is expected to hit a new record of 445,000 metric tons in 2024, a 28% increase from 2023. Thus, the rising consumption of dairy products is fueling the skim yogurt market.

Leading companies in the skim yogurt market are introducing innovative products such as Fruit and Yogurt Smoothie Pouches to meet the growing demand for convenient, on-the-go dairy snacks. These pouches blend the creamy texture of yogurt with the fruity flavors of real fruits and come in convenient packaging for easy consumption. For example, in February 2022, Outshine, a Canadian brand in the frozen fruit and vegetable sector, launched its Blended Fruit and Yogurt Smoothie Pouches. These nutritious snacks, made with real fruit and skim yogurt, are free from artificial colors, flavors, and sweeteners, and are rich in protein and calcium. Moreover, the shelf-stable nature of Outshine's pouches makes them ideal for school lunches, car rides, and work.

In April 2024, Pasture Brands Holdings LLC, a US-based manufacturer of beverages and refrigerated food products, acquired Pillars Yogurt for an undisclosed sum. This acquisition aims to strengthen Pasture Brands Holdings LLC's market presence and offer more health-focused options to consumers. Pillars Yogurt, based in the US, specializes in producing skim yogurt.

Major companies operating in the skim yogurt market are Nestle S.A., Unilever PLC, Coca-Cola Company, Groupe Lactalis S.A., Danone S.A., Kraft Heinz Company, General Mills, Arla Foods Group, Fonterra Co-operative Group Limited, Juhayna Food Industries, Meiji Group, Parmalat S.p.A., Yakult Honsha, Morinaga & Company Ltd., Chobani, Clover S.A., Müller Milk & Ingredients, Sameer Agriculture Livestock Limited, Yoplait, Ultima Foods Inc., Jesa Farm Dairy Ltd., Chi Limited.

North America was the largest region in the skim yogurt market in 2023. The regions covered in the skim yogurt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the skim yogurt market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Skim yogurt is made from skim milk or has its fat content removed through skimming. It offers a low-fat alternative to traditional yogurt, still providing essential nutrients and probiotics. This makes it ideal for those seeking a lighter dairy option without sacrificing taste or nutritional benefits.

The main types of skim yogurt include plain yogurt, flavored yogurt, and fruit yogurt. Plain yogurt is unflavored, with a simple, natural taste, appealing to consumers who prefer a minimalist dairy product. It comes in various forms such as organic and conventional and is available in hypermarkets, supermarkets, specialty stores, convenience stores, online sales channels, and other outlets.

The skim yogurt market research report is one of a series of new reports that provides skim yogurt market statistics, including skim yogurt industry global market size, regional shares, competitors with a skim yogurt market share, detailed skim yogurt market segments, market trends, and opportunities, and any further data you may need to thrive in the skim yogurt industry. This skim yogurt market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The skim yogurt market consists of sales of low-fat yogurt cups, smoothie blends, and yogurt-based desserts, which are rich in probiotics and calcium. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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