Europe Flavored Yogurt Market By Flavor Type (Strawberry, Vanilla, Blueberry, Peach and Others), By Distribution Channel (Supermarket, Convenience Stores, Online and Other), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Europe Flavored Yogurt Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
Yogurt is a type of fermented product. It is obtained from milk using Streptococcus thermophilus and Lactobacillus bulgaricus bacteria. Yogurt is one of the highly nutritious food products. It contains a high percentage of potassium, calcium, and proteins. Low-calorie yogurt makes it a perfect choice for people who are health-conscious. Moreover, yogurt is an option for lactose intolerant people as it comprises lactose in the form of lactic acid. These factors are boosting the growth of the global flavored yogurt market.
Flavored yogurts include mango, kiwi, chocolate, and others which are in high demand amongst the masses. These products are prepared by adding flavor to the fermented milk. The flavored yogurt market offers a wide variety of flavors, but most of them are restricted to specific regions. These yogurts are available in different forms, colors, shapes, and packages. Manufacturers are trying to appease the consumers with a different flavor of yogurt that matches the local taste preferences. There has been a substantial shift in the inclinations of consumers concerning the nutritional value of the products; however, giving equal importance to texture and taste. Yogurt with combination flavors is gaining popularity in the developed nations.
Nowadays, yogurt is included in the main course informal meals by working-class professionals as well as students in the UK. It is expected to be a favorable factor for the growth of the flavored yogurt industry. The increasing number of vegetarians and vegans across the globe is leading to the higher adoption of flavored yogurt. Health-conscious consumers are also focused to include only naturally obtained items in their meals. The flavored yogurt is very nutritious. It is rich in micronutrients, minerals, vitamins, and fibers.
There is high per capita consumption of flavored yogurt in many countries of Europe such as Germany, France, Italy, and the UK. Consumers in the European region are attracted by the new flavors & texture of the yogurt. All these factors are contributing to the growth of the flavored yogurt market in this region over the forecast period.
The Germany market dominated the Europe Blueberry Flavored Yogurt Market by Country 2020, thereby, achieving a market value of $832.2 million by 2027. The UK market is exhibiting a CAGR of 6.7% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 8.2% during (2021 - 2027).
Based on Flavor Type, the market is segmented into Strawberry, Vanilla, Blueberry, Peach and Others. Based on Distribution Channel, the market is segmented into Supermarket, Convenience Stores, Online and Other. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Flavored Yogurt Market Size will Hit $58.4 Billion by 2027, at a CAGR of 7.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Mills, Inc., Danone S.A., Nestle S.A., Fonterra Co-operative Group Limited, Lactalis Group, Arla Foods Amba, Fage International S.A., Chobani LLC, China Mengniu Dairy Company Limited, and Yili Group.
Scope of the Study
Market Segments Covered in the Report:
By Flavor Type
By Distribution Channel
- Convenience Stores
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- General Mills, Inc.
- Danone S.A.
- Nestle S.A.
- Fonterra Co-operative Group Limited
- Lactalis Group
- Arla Foods Amba
- Fage International S.A.
- Chobani LLC
- China Mengniu Dairy Company Limited
- Yili Group
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