Yogurt is prepared by milk fermentation with adding bacteria. Yogurt word comes from Turkish word ‘yoğurt’ meaning ‘to coagulate’ or ‘to thicken’. Streptococcus thermophilus and lactobacillus bulgaris are two types of bacteria that are added to milk for fermentation process. Yogurt consumption reduces risk of chronic diseases such as obesity, cardiovascular diseases and metabolic syndromes. It can also be consumed by lactose intolerant individuals. Availability of various types of yogurts in the market and increasing demand of low calorie food is increasing preference of consumers towards yogurt.
Addition of artificial sugar, colors, and flavors can negatively affect health of an individual. This factor is expected to hamper growth of the target yogurt market in the near future.
The global yogurt market report has been segmented on the basis of product type, distribution channel, and region. On the basis of product type, the market is segmented into set yogurt, Greek yogurt, yogurt drinks, and frozen yogurt. Yogurt drinks is further sub-segmented into regular and flavored. Set yogurt segment dominates the global market in terms of revenue and expected to maintain its position over the forecast period, owing to increasing use of yogurt in various cooking recipes. Flavored drink sub-segment is expected to register significant growth in the global market over the forecast period, owing to increasing popularity of flavored drinks among consumers. On the basis of distribution channel, the market is segmented into supermarkets and hypermarkets, retailer stores, convenience stores, and online stores.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing demand for low fat calorie food in this region. The market in Asia Pacific is expected to witness significant growth, owing to increasing preference towards consumption of dairy products in the region.
Key players operating in the global yogurt market include Danone SA, Nestlé S.A, Parmalat S.p.A., Yakult Honsha Co., Ltd., Chobani, LLC, Yoplait SAS, Arla Foods amba, Britannia Industries Limited, FrieslandCampina N.V., and Mother Dairy Foods Processing, Ltd.