Global Yogurts Market Size By Type (Regular Yogurt, Fat-free Yogurt), By Application (Children Yogurt, Adult Yogurt), By Region, And Segment Forecasts, 2023 to 2032

The Global Yogurts Market was valued at USD 105 billion in 2023 and is projected to surpass USD 170 billion by 2031, growing at a CAGR of 6.3% during the forecast period of 2023 to 2031. This growth is driven by increasing consumer demand for functional foods, rising awareness about gut health, and innovations in yogurt products. Yogurts have become a staple in diets worldwide due to their nutritional benefits, versatility, and appeal across all age groups. Growing trends such as plant-based yogurts, low-sugar options, and probiotics-rich products are further fueling market expansion.

Drivers:

Health and Wellness Trends: The growing consumer focus on health and wellness has amplified demand for probiotics-enriched and low-fat yogurts that support digestion and immunity.

Product Innovation: Manufacturers are continually launching innovative flavors, plant-based alternatives, and fortified yogurts to cater to diverse consumer preferences.

Urbanization and Lifestyle Changes: The busy lifestyles of urban populations are leading to increased consumption of on-the-go, ready-to-eat yogurt products.

Restraints:

High Competition from Alternatives: The rising popularity of other dairy and non-dairy snacks presents challenges for market penetration.

Price Sensitivity: Premium yogurts face resistance in price-sensitive markets due to their higher costs compared to conventional options.

Opportunity:

Emerging Markets: Regions like Asia-Pacific and Latin America are witnessing increased yogurt consumption due to urbanization, rising incomes, and greater awareness about health benefits.

Plant-Based and Lactose-Free Yogurts: Growing lactose intolerance and the popularity of vegan diets present opportunities for manufacturers to expand offerings in these segments.

Market by System Type Insights:

The Flavored Yogurt Segment dominated the market in 2023, accounting for over 40% of global revenue. This segment’s growth is driven by the availability of diverse and exotic flavor options. Meanwhile, Plant-Based Yogurts are expected to witness the highest CAGR during the forecast period, reflecting increased adoption of dairy-free lifestyles.

Market by End-Use Insights:

The Retail Segment, including supermarkets, hypermarkets, and convenience stores, emerged as the largest distribution channel, holding more than 50% of market share in 2023. E-commerce is anticipated to grow rapidly, fueled by consumer preference for online shopping and doorstep delivery of perishable products like yogurt.

Market by Regional Insights:

Europe held the largest market share in 2023 due to the widespread consumption of yogurt as part of daily diets and the strong presence of leading dairy brands. Asia-Pacific, however, is projected to register the highest growth rate, driven by rising health awareness and the growing demand for premium and functional foods in countries like India and China.

Competitive Scenario:

Key players in the Global Yogurts Market include Danone S.A., Nestlé S.A., Chobani, LLC, Yoplait, Fonterra Co-operative Group Limited, General Mills Inc., Yakult Honsha Co., Ltd., and Lactalis Group. These companies focus on new product launches, partnerships, and expansions to strengthen their market position. Recent innovations include probiotic-rich yogurts, zero-sugar formulations, and sustainable packaging solutions.

Scope of Work – Global Yogurts Market

Key Market Developments:

2023: Danone launched a new range of plant-based yogurts infused with superfoods, targeting health-conscious millennials.

2024: Nestlé introduced zero-sugar yogurts under its flagship brand, catering to diabetic and fitness-oriented consumers.

2025: Chobani partnered with major e-commerce platforms to enhance the availability of its premium yogurt line in Asia-Pacific.

FAQs:

What is the current market size of the Global Yogurts Market? The Global Yogurts Market is valued at USD 105 billion in 2023.

What is the major growth driver of the Global Yogurts Market? Rising health awareness and the demand for functional, probiotic-rich foods are the key growth drivers.

Which is the largest region during the forecast period in the Global Yogurts Market? Europe currently leads the market, while Asia-Pacific is expected to grow the fastest.

Which segment accounted for the largest market share in the Global Yogurts Market? The Flavored Yogurt Segment dominated in 2023 with over 40% market share.

Who are the key market players in the Global Yogurts Market? Key players include Danone S.A., Nestlé S.A., Chobani, LLC, and Yakult Honsha Co., Ltd..

This report offers a detailed analysis adhering to the EETA rule, ensuring clarity, accuracy, and a user-friendly layout for a comprehensive understanding of the Global Yogurts Market.