Overview Yogurt Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023.
Therefore, changing eating habits coupled with increasing health awreness has contributed in fuelling the growth the global yogurt market.
The latest report by IMARC Group titled, “Yogurt Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” finds that the global yogurt market reached a volume of around 13 Million Tons in 2017, growing at a CAGR of 1.2% during 2010-2017. Yogurt is a dairy product prepared from the bacterial fermentation of milk. The essential components of yogurt include probiotics, protein, fats, carbohydrates, vitamins omega-3 fatty acids, whey, magnesium, potassium, vitamin D, vitamin K2, enzymes and zinc. Probiotics present in yogurt are living microorganisms that prevent the undesirable growth of harmful bacteria in the stomach. Consequently, an adequate consumption of yogurt can keep several gastrointestinal diseases at bay such as diarrhea, irritable bowel syndrome and colon diseases. Along with this, the dietary nutrients supplied by yogurt are considered to promote efficient working of the organ systems. A considerable amount of calcium present in yogurt provides small increases in the body temperature, which ultimately boosts the metabolism and helps in burning fat. Studies have found that regular intake of calcium is also required for strengthening of the bones as a result of which chances of developing skeletal diseases such as osteoporosis can be avoided. Some of the other health benefits offered by yogurt include smooth functioning of the cardiovascular and digestive systems, prevention of type 2 diabetes, lower cholesterol, relief from chronic pain, improved immunity, etc.
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A shift in the dietary habits of the consumers towards the consumption of yogurt as a snack, dessert and as a vital ingredient of their diet has made it a popular food item in recent years. Several others factors such as growing health consciousness, increasing disposable incomes, product innovation, growing popularity of ready-to-eat foods, expanding distribution channels and a rising demand from developing regions are currently fuelling the growth of the global yogurt market. According to the report, the market for yogurt is expected to reach a volume of 14 Million Tons by 2023, growing at a CAGR of more than 1.1% during 2018-2023.
The report provides an in-depth evaluation of the global yogurt market on the basis of key regions. Some of the regions covered in the report include European Union, North America, Eastern Europe and Latin America. Amongst these, European Union represents the largest market for yogurt, accounting the majority of the global market shares. The report has also analysed the competitive landscape of the yogurt market. Some of the key players operating in the market are FrieslandCampina, Danone, Yili Industrial Group, Lactalis Group, General Mills Inc., Nestle, China Mengniu Dairy and Yakult Honsha Co. Ltd.
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This report provides a detailed technical insight on setting up and operating a yogurt manufacturing plant. It contours all the prerequisites of the yogurt industry and provides a comprehensive analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. It also offers SWOT, Value Chain and Porter’s Five Forces analysis and regional segmentation followed by an analysis of the competitive landscape. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the yogurt industry in any manner.
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