LAMEA 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 Latin America, Middle East and Africa Flavored Yogurt Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
Yogurt is a good source of various essential nutrients such as calcium, potassium, protein, phosphorus, and vitamins. In recent years, the increasing awareness about the health benefits of yogurt has fueled the growth & demand of the flavored yogurt market in the last few years. The benefits of yogurt accrediting with the constitution of important vitamins, creamy, pulp-laced, and sugar-free content. It positively impacts the digestive mechanism. It is also appropriate for fortification to improve the nutritional value of yogurt.
Different flavors are added to enhance the taste and appearance of the product. Consumers are inclined more towards the consumption of convenience food products due to their busy lifestyles. Therefore, the nutritional properties and the availability of a range of flavors have resulted in the high demand for flavored yogurt. All these factors are expected to drive the market for flavored yogurt over the forecast period.
Various countries of the Middle East have the culture to consider yogurt as a staple food. For making yogurt, heated milk is inoculated with bacteria like Lactobacillus bulgaricus and Streptococcus thermophiles. It is rich in nutrients including protein and calcium.
The increasing acceptance of healthy food items, increasing disposable income, and diversified restaurant industry are the driving factors of the flavored yogurt market. The market players in flavored yogurt are adopting various strategies to increase profitability and acquire a strong market position. The number of health-conscious people is rapidly increasing in Africa. All these factors are expected to drive the growth of the flavored yogurt market during the forecast period.
The Strawberry market dominated the South Africa Flavored Yogurt Market by Flavor Type 2020, thereby, achieving a market value of $243.4 million by 2027. The Vanilla market is exhibiting a CAGR of 10% during (2021 - 2027). The Blueberry market is showcasing a CAGR of 10.7% during (2021 - 2027). Additionally, The Peach market is expected to witness highest CAGR of 11.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Flavored Yogurt Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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