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Yogurt Drink Market Trends

  • Report ID: GMI12012
  • Published Date: Oct 2024
  • Report Format: PDF

Yogurt Drink Market Trends

In regions like North America and Europe, plant-based yogurt drinks, especially those derived from almond, soy, and coconut milk, are witnessing a surge in popularity. Moreover, the introduction of innovative flavors and functional ingredients—such as fiber, antioxidants, and protein—caters to niche markets, emphasizing areas like weight management and digestive health.
 

Sustainability and the demand for clean-label products are gaining momentum in the global yogurt drink industry. Modern consumers prioritize products with natural ingredients, steering clear of artificial additives and preservatives. In response, manufacturers are channeling investments into clean-label production processes and are increasingly sourcing organic or non-GMO ingredients. Furthermore, there's a pronounced shift towards eco-friendly packaging solutions. To align with global sustainability objectives, yogurt drink companies are adopting recyclable materials and exploring biodegradable alternatives, aiming to minimize their environmental footprint.
 

Over the last decade, the global market has undergone a remarkable transformation. While North America and Europe once dominated the demand landscape, the market's horizons have broadened to encompass Asia-Pacific, Latin America, and the Middle East and Africa. Here, rising disposable incomes and an increasing emphasis on health and wellness are driving consumption.
 

According to the U.S. Department of Agriculture, the consumption of yogurt drinks in the United States increased by 15% from 2014 to 2023. Similarly, the European Union reported a 12% rise in yogurt drink consumption over the same period. The industry's dynamics have also been reshaped by the ascent of e-commerce, facilitating direct-to-consumer sales and amplifying the visibility of niche and emerging brands. Furthermore, digital marketing strategies—ranging from influenced partnerships to health-centric campaigns—have become pivotal, enabling brands to effectively engage their target consumer segments.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global yogurt drink industry was valued at USD 56 billion in 2023 and is estimated to grow at a CAGR of over 6.6% from 2024 to 2032, driven by the rising popularity of plant-based products.

The flavored segment was valued at USD 44 billion in 2023 and is anticipated to expand at a CAGR of 6.5% during 2024-2032, driven by consumer appetite for diverse and indulgent flavors.

U.S. yogurt drink industry was valued at USD 11.4 billion in 2023 and is expected to grow at a 6.8% CAGR, fueled by a rising consumer inclination towards healthier beverage choices and a broader embrace of functional foods.

Key players in the yogurt drink industry include Arla Foods Ingredients Group, Benecol, Chobani, Danone, Fonterra Co-operative Group, General Mills, Lactalis, and Meiji Holdings.

Yogurt Drink Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 18
  • Pages: 200
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