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Flavored Yogurt Market Size - By Product Type (Greek Yogurt, Frozen Yogurt, Others), By Form (Spoonable Yogurt, Drinkable Yogurt), By Flavor (Fruit Flavors, Non-Fruit Flavors), By Distribution Channel & Forecast, 2024-2032

  • Report ID: GMI10543
  • Published Date: Jul 2024
  • Report Format: PDF

Flavored Yogurt Market Size

Flavored Yogurt Market size was valued at USD 35.43 billion in 2023 and is projected to grow at 5.9% CAGR from 2024 to 2032. Health trends, rising consumer awareness, and product diversification have significantly contributed to this growth. Consumers are increasingly prioritizing health and wellbeing, which is driving up demand for nutritious and probiotic-rich meals. This trend has boosted the market, with Greek yogurt and other protein-rich options becoming especially popular.
 

Flavored Yogurt Market

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According to the Food and Agriculture Organization (FAO), global yogurt consumption has increased by 3.2% annually over the past five years. The market continues to grow because of the increasing popularity of plant-based diets. While traditional dairy yogurts remain popular, there has been a considerable increase in the availability and consumption of plant-based flavored yogurts produced with almond, soy, and coconut milk. This trend appeals to vegans and people with lactose intolerance or dairy allergies, extending the market's client base.
 

One of the most prominent new trends is the customization and personalization of yogurt products. Brands are introducing personalized yogurt bars at retail locations, allowing customers to choose their own yogurt base and toppings. This trend responds to the increased need for distinctive, personalized dining experiences.
 

Sustainability is another important topic influencing the sector. Consumers are growing more environmentally sensitive, forcing manufacturers to implement sustainable methods. This includes adopting environmentally friendly packaging, minimizing food waste, and procuring foods sustainably. Brands that share these principles are gaining popularity with environmentally aware consumers. Food and Agriculture Organization (FAO), approximately 30% of food produced globally is wasted, highlighting the importance of these initiatives.
 

Flavored Yogurt Market Trends

Technological advancements have had a huge impact on the flavored yogurt industry. Innovations in food processing and packaging technology have allowed manufacturers to increase the shelf life of yogurt products without sacrificing quality. Advanced fermentation processes have enhanced the texture and flavor of yogurt, increasing market appeal. According to the U.S. Department of Agriculture, the shelf life of dairy products has increased by 20% over the past decade due to these technological improvements.
 

Technological developments in manufacturing techniques have also resulted in the creation of new product varieties, such as Greek yogurt and plant-based yogurts. These goods necessitate unique production procedures to provide the proper texture, flavor, and nutritional profile. The Food and Drug Administration (FDA) reports a 15% annual growth in the production of plant-based yogurts, reflecting their rising popularity.
 

Furthermore, digital technology has revolutionized marketing and distribution techniques. Companies are using social media, influencer marketing, and data analytics to better understand consumer preferences and adjust their marketing strategies accordingly. E-commerce platforms and mobile apps have simplified the shopping process, giving consumers convenient access. The Federal Trade Commission (FTC) notes a 25% increase in online grocery sales, driven by the adoption of digital marketing and e-commerce solutions.
 

Flavored Yogurt Market Analysis

Flavored Yogurt Market Size, By Product Type, 2021 - 2032 (USD Billion)
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Based on the type of the market is fragmented into Greek yogurt, frozen yogurt, others. Greek yogurt held USD 15.12 billion in 2023 and it is anticipated to expand at a 6.5% of CAGR during 2024-2032. Greek yogurt is experiencing strong growth in the flavored yogurt market, owing to its claimed health benefits, such as higher protein content and lower sugar levels than ordinary yogurt. Greek yogurt is becoming increasingly popular among consumers seeking nutritional, satiating snacks or meal replacement options.
 

The product's versatility in sweet and savory applications adds to its popularity. Health-conscious individuals and athletes are drawn to marketing initiatives that emphasize probiotics, intestinal health, and muscle rehabilitation. New flavor launches, organic and non-GMO alternatives, and package forms (for example, single-serve, family-size) all help to boost Greek yogurt's market penetration.
 

Flavored Yogurt Market Revenue Share, By Form,  2023
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The flavored yogurt market from spoonable yogurt segment will expand to USD 26.33 billion and garner a 6% CAGR from 2024 to 2032. Spoonable yogurt is still a popular flavored yogurt option, because of its creamy texture and adaptability. It is popular for breakfast, snacks, and as a healthy dessert alternative. The convenience trend is pushing package innovations, such as single-serve cups and multipacks designed for on-the-go consumption. Brands are also experimenting with layered and mixed-in goods, which provide consumers with a range of textures and flavors in a single container.
 

Furthermore, the increased desire for organic and clean-label products has an impact on the spoonable yogurt category, with more brands emphasizing natural ingredients and label transparency. Drinkable yogurt is becoming increasingly popular due to its convenience and mobility. It caters to busy consumers searching for quick, nutritious meals that can be taken on the go. This segment's innovations include protein-enriched formulations, probiotic-infused types, and functional beverages that address specific health concerns such as digestion and immunity.
 

Fruit flavors are expected to hold USD 41.61 billion and are anticipated to expand at a 6.1% of CAGR during the 2024-2032. Strawberry is a perennial favorite in the flavored yogurt market, with a wide appeal across demographics. Its natural sweetness and familiar flavor make it an excellent choice. This segment's innovations include organic strawberry yogurt, fruit combos, and the addition of genuine fruit pieces.
 

The flavored yogurt market from Supermarkets/Hypermarkets segment held USD 15.88 billion in 2023 and expected to expand at a CAGR of 6.4% during the forecast period. Supermarkets and hypermarkets remain the primary distribution channels for flavored yogurt, offering a diverse range of brands and tastes. These stores offer the ease of one-stop shopping and allow customers to easily compare products. The shift toward dedicated health food aisles and organic sections within these supermarkets is also fueling the expansion of premium yogurt companies. Promotions, in-store tastings, and loyalty programs are popular techniques for increasing sales in this channel.
 

North America Flavored Yogurt Market Size, 2021- 2032 (USD Billion)
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North America flavored yogurt market is expected to hold a USD 23.02 billion in 2032 and expected to grow at a 6.3% CAGR. North America is an established market for flavored yogurt, with significant consumer awareness and a strong preference for health-conscious options. The popularity of Greek yogurt and high-protein types is especially great in this region. Key drivers include flavor innovation, clean-label products, and functional ingredients (e.g., probiotics and vitamins). The expanding Hispanic population is also having an impact on flavor trends, as tropical and Latin-inspired flavors become more popular.
 

One of the most important drivers in the North America flavored yogurt market is the growing consumer emphasis on health and fitness. Yogurt is regarded as a nutritious snack and meal choice, high in probiotics, protein, and important nutrients. This health-conscious trend has resulted in an increase in demand for Greek yogurt, which is preferred over ordinary yogurt due to its higher protein content and lower sugar levels. Greek yogurt has become a household staple, commonly enjoyed as a post-workout snack or breakfast alternative.
 

Flavored Yogurt Market Share

Flavored Yogurt Market Company Share, (2023)

Several companies in the flavored yogurt industry have encountered and overcome these challenges. For example, General Mills, Inc. has effectively diversified its yogurt line by providing plant-based products under its Yoplait brand, responding to the growing demand for non-dairy alternatives. This strategic strategy has helped the corporation maintain its market position despite shifting consumer tastes. Danone S.A. has also overcome regulatory hurdles by investing in strong quality control methods and guaranteeing compliance with food safety regulations. The company's commitment to sustainability and responsible sourcing has boosted its brand recognition and consumer trust.
 

Flavored Yogurt Market Companies

Top companies operating in the flavored yogurt industry include:

  • Arla foods
  • Cargill, Incorporated.
  • Chi Limited
  • Chobani LLC
  • Danone S.A.
  • Fonterra Co-operative Group
  • General Mills, Inc.
  • Lactalis
  • Mother Dairy Fruit & Vegetable Pvt. Ltd.
  • Nestle S.A.
  • Parmalat S.p.A.
  • Rainy Lanes Dairy Foods Ltd.
  • Sodiaal, Müller UK & Ireland
  • Yakult Honsha Co., Ltd.
     

Flavored Yogurt Industry News

  • In April 2024, Danone North America, part of the global Danone S.A., introduced REMIX, a diverse range of yogurts and dairy snacks featuring mix-ins to address snacking needs throughout the day. This new REMIX collection includes products from three of Danone's brands: Light + Fit, Oikos, and Too Good & Co.
     
  • In December 2023, Chobani LLC, a prominent manufacturer of flavored yogurt launched dessert-inspired Greek yogurt in the U.S. market. The prime focus of the new product launch was to increase the market share of Chobani LLC in the global flavored yogurt industry.
     

The flavored yogurt market research report includes in-depth coverage of the industry, with estimates and forecasts in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments:

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Market, By Product Type

  • Greek Yogurt
  • Frozen Yogurt
  • Others (Low-Fat Yogurt and Non-Fat Yogurt)

Market, By Form

  • Spoonable Yogurt
  • Drinkable Yogurt

Market, By Flavor

  • Fruit Flavors   
    • Strawberry
    • Blueberry
    • Peach
    • Mixed Berries
    • Others (Mango, Raspberry, etc.)
  • Non-Fruit Flavors       
    • Vanilla
    • Chocolate
    • Coffee
    • Honey
    • Others (Caramel, Mocha, etc.)

Market, By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retailers
  • Others (Grocery Stores, Health Food Stores, etc.)    

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of flavored yogurt achieved USD 35.43 billion in 2023 and will record 5.9% CAGR from 2024 to 2032, backed by the health trends, rising consumer awareness, and product diversification.
Greek yogurt segment accounted for USD 15,129.7 Million in 2023 and is anticipated to record a 6.5% of CAGR during 2024-2032, owing to its claimed health benefits, such as higher protein content and lower sugar levels than ordinary yogurt.
North America is expected to record a 6.3% CAGR through 2032, backed by a significant consumer awareness and a strong preference for health-conscious options.
Cargill, Inc., Chi Limited, Chobani LLC, Danone S.A., Fonterra Co-operative Group, General Mills, Inc., Lactalis, Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestle S.A., and Parmalat S.p.A. among others.

Flavored Yogurt Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 173
  • Countries covered: 21
  • Pages: 200
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