Published Date: 14-Jul-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Flavored Yogurt Market, published by KBV research, The Global Flavored Yogurt Market size is expected to reach $58.4 billion by 2027, rising at a market growth of 7.5% CAGR during the forecast period.
On the basis of flavor, the strawberry segment procured the maximum revenue share of the market in 2020. Strawberry flavor is a popular flavor for flavored yogurt among all age groups. This is one of the major factors that is driving the growth of this segment. Berry flavored yogurts are also getting the attention of people due to the presence of naturally potent ingredients. Therefore, the market for strawberry and blueberry flavor will witness significant growth during the forecast period.
Based on the distribution channel, the market is segmented into supermarkets, convenience stores, online, and others. The supermarket segment acquired the maximum revenue of the flavored yogurts market in 2020. In the supermarket, almost all the major brands of flavored yogurts are offered in the supermarket. Moreover, the availability of the product and easy access are among the prominent factors that are boosting the growth of the segment. Apart from supermarkets, convenience stores are also offering a variety of flavored yogurts.
On the basis of region, Europe emerged as the leading region by acquiring the largest market for flavored yogurt in 2020. It is due to the increasing popularity of flavored Greek yogurt and berry yogurts in the market. In Europe, France is considered as one of the biggest market for flavored yogurt. The major factors that are driving the demand for such products include increasing disposable income, changing lifestyle, and increasing popularity of flavored yogurt. Moreover, the product innovation and increasing popularity of ready-to-eat foods are also driving the growth of the segment.
Full Report: https://www.kbvresearch.com/flavored-yogurt-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Flavor Type
By Distribution Channel
Unique Offerings from KBV Research