Global Yogurt Drink Market is valued at USD 51.33 Billion in 2021 and expected to reach USD 82.96 Billion by 2028 with a CAGR of 7.10% over the forecast period.
The Detailed Market intelligence report on the Global Yogurt Drink Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Global Yogurt Drink Market place for the forecast 2022-2028.
Scope Of The Report:
Global Yogurt Drink Market 2021 Industry research report is a proficient and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
The global market of yogurt drink has had a sizable level of valuation in the last few years. The rising awareness among consumers due to the health benefits of the yogurt drinks have been projected to see a drive in the growth of the industry in the period of forecast. The companies which exist in the regions like Asia Pacific and North America has been promoting the yogurt as a major drink for better health and that has been further expecting for fueling the market growth. Furthermore, the companies have been collaborating with the dairy farms for the ensuring of efficient supplies of the raw materials to produce the yogurt drinks. This has been expected to please have an impact which is positive on industries in the period of forecast.
Yogurt Drink Market Key Players Analysis
Supermarkets and hypermarkets are the import channels of distribution of yogurt. Although, there are a lot of companies including Arla, Dana Dairy Group, Ultima Foods Inc. and Nestle for selling their products through the retailers like Walmart and Carrefour. The yogurt drinks are available in a lot of different flavors and are considered a major beverage in a lot of countries. Although a larger number of these manufacturers are involved in innovation by developing of new flavors for meeting the rising demand. This has been expected for propel the global yogurt drink market in the period of forecast.
The manufacturers of yogurt are expected to incur the costs which are high because of the rise in the concerns of environment due to the processes of expensive packaging in the yogurt drinks. For avoiding this concern, the manufacturers have been collaborating with the distributors locally for entering the market in the development of regions. Rising consumption of the beverages which are non-dairy have been projected to hinder the growth of the global yogurt drink market. The rise in the population which is vegan in the regions like Asia Pacific and North America along with the rising demand for products that are lactose free have been projected for limiting growth of the global yogurt drink market.
Key Market Segments:
Distribution Channel Type
Other Distribution Channels
Regular yogurt has been accounting for the share of revenue in the last few years. As far as the acceptance is concerned for the yogurts that are different flavored with the content that is high in protein and is growing in the consumers, products which are diversified are going to see a grand level of expansion in the period of forecast. The benefits additionally which are offered by the product over the drinks which are plant-based have been projected to augment the growth of the global yogurt drink market.
Increasing awareness about the disadvantages of the higher intake of sugar is leading to the conditions like heart diseases and obesity has been expected for a key driver in the beverages that are fat-free in the global yogurt drink market. This has in turn been expected for triggering the growth of the market of yogurt drinks. The opportunities of creating a newer range of the products which are fat-free and have content which is low-sugar has been growing due to the population which is seeing a rise in diabetics. That has been likely for the optimistic impact on the global yogurt drink market.
The segment of supermarket and hypermarket has been dominating the market which is accounting for the revenue share. The channel of distribution have been witnessing a major increase in the demand because of the organized sector of retailing in the development of the countries around the globe. Furthermore, the expansion of the retail chains in the region of Asia Pacific like Malaysia, Indonesia and Thailand has seen an increase in the last few years and has been seeing good amount of expansion in the segment.
Middle East and Africa
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