Yogurt is food produced by bacterial fermentation of milk. These bacteria’s are known as yogurt cultures and are produced by using cultures of streptococcus thermophiles and Lactobacillus bulgaricus bacteria. Yogurt is a popular fermented milk product and is gaining demand as a healthy food product as it plays an important role in fat loss and enhance digestive system functioning.
The global yogurt market is estimated to be valued at US$ 139.1 billion in 2021 and is expected to exhibit a CAGR of 10.0% over the forecast period (2021-2028).
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Increasing population and growing awareness regarding the health benefits of yogurts among consumers is expected to foster growth in the market. Increasing launch of variety in flavor is again projected to augment growth of the market. For instance, in June 2021, Chobani has launched two new flavors of zero sugar yogurt: Mixed Berry and Strawberry. It has only natural ingredients, 60 calories (per 5.3oz), and zero sugar.
On the other hand, the increasing lactose intolerance population and the presence of artificial ingredients in yogurt are expected to hinder growth of the market.
Global Yogurt Market, By Form:
Global Yogurt Market, By Type:
Low Fat & Fat Free
Global Yogurt Market, By Distribution Channel:
Hyper/ Super Market
Key companies covered as a part of this study include , General Mills, Inc., Nestle SA, Danone, Yakult Honsha Co., Ltd., Ultima Foods Inc., Chobani, LLC, Sodiaal, Muller UK & Ireland Group LLP, Kraft Foods Group, Inc., and Rainy Lanes Dairy Foods Ltd.
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