Future Markets Insight has published a new report on the global yogurt market.
In the report North America is expected to be the major contributor in terms of value followed by Europe in yogurt market. However, these region is predicted to be a mature market for set yogurt, and is expected to show a stable growth in the near future.
Introduction of new variant in flavors coupled with offering low fat products may fuel the growth of yogurt market in these region. In developing countries of Asia Pacific region China is expected to dominate the market in terms of yogurt consumption followed by India. Moreover Japan is expected to show a substantial growth during the forecast period. Increasing consumption of flavored yoghurt especially in countries such as China and Japan is predicted to support the growth yoghurt market across Asia Pacific region during forecast period.
Rising disposable income coupled with shifting consumer eating habits is expected to drive the demand of yogurt market in the near future. Moreover, increasing availability of flavored yoghurt especially in developing region is predicted to be major factor supporting the growth of ice cream and frozen dessert market during the forecast period. In addition, rising awareness among the people regarding the benefits of yogurt such as it has good bacteria or probiotics that boost the immune system, provide calcium, and help combat constipation and diarrhea and others is also expected to drive the growth of yogurt market in the near future.
Some of the major players operating in yogurt market includes Danone Groupe, Ultima Foods, Chobani, Sodiaal, NESTLÉ, General Mills and Kraft Foods Group, and Yakult Honsha among others.