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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.
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.
Flavored Yogurt Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| Flavored Yogurt Market Size in 2023: | USD 35.43 Billion |
|---|
| Forecast Period: | 2024-2032 |
|---|
| Forecast Period 2024-2032 CAGR: | 5.9% |
|---|
| 2032 Value Projection: | USD 59.19 Billion |
|---|
| Historical Data for: | 2021-2023 |
|---|
| No. of Pages: | 200 |
|---|
| Tables, Charts & Figures: | 173 |
| Segments covered: | By Product Type, By Form, By Flavor, By Distribution Channel |
|---|
| Growth Drivers: | - Health and wellness trends
- Product innovation and diversification
- Convenience and snacking trends
|
|---|
| Pitfalls & Challenges: | - Regulatory challenges
- Supply chain disruptions
|
|---|
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.
