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Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 183 pages | ID: Y687628493FEN
IMARC Group

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The global yogurt market size reached US$ 113.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 163.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.39% during 2023-2028.

Yogurt is a dairy product manufactured by fermenting milk using bacteria, such as L. acidophilus, L. rhamnosus, L. bulgaricus, and streptococcus thermophilus. It is a rich source of calcium, vitamins B6 and B12, riboflavin, potassium, and magnesium, which promotes bone health. It cures constipation by increasing bowel movements and reducing straining and pain. It also helps decrease low-density lipoprotein (LDL) cholesterol in the blood. Apart from this, it assists in boosting the immune system, reducing inflammation, curing vaginal yeast infections, and promoting heart health.

Yogurt Market Trends:

At present, there is a rise in the demand for low-calorie, high-protein, and healthier desserts across the globe. This represents one of the key factors driving the market. In addition, there is an increase in the sales of lactose-free yogurt variants around the world on account of the rising lactose-intolerant population. This, coupled with the growing awareness among the masses about the benefits of consuming yogurt, is positively influencing the market. Moreover, the wide availability of yogurt through online and offline distribution channels is offering lucrative growth opportunities to industry investors. Apart from this, the increasing consumption of yogurt to reduce the risk of type 2 diabetes and colorectal cancer, prevent osteoporosis, enhance weight and fat loss, and improve the immune system is propelling the growth of the market. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce plant-based yogurt. They are also offering fruit, organic, and drinkable yogurt, which is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global yogurt market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, flavor, and distribution channel.

Breakup by Product Type:

Set Yogurt
Greek Yogurt
Yogurt Drinks
Frozen Yogurt
Others

Based on the product type, the market has been classified into set yogurt, Greek yogurt, yogurt drinks, frozen yogurt, and others.

Breakup by Flavor:

Strawberry Blend
Vanilla
Plain
Strawberry
Peach
Others

On the basis of the flavor, the market has been categorized into the strawberry blend, vanilla, plain, strawberry, peach and others.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

Based on the distribution channel, the market has been segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.

Regional Insights:

Asia Pacific
European Union
North America
Eastern Europe
Latin America
Others

On the basis of the region, the market has been segregated into Asia Pacific, European Union, North America, Eastern Europe, Latin America, and others.

Competitive Landscape:
The competitive landscape of the market has also been analyzed. It is characterized by the presence of numerous small and large manufacturers. Some of the leading players operating in the market are:

Lactalis Group
General Mills Inc.
Nestle
Friesland Campina
Danone
Yili Industrial Group Co. Ltd.

Key Questions Answered in This Report:

How has the global yogurt market performed so far and how will it perform in the coming years?
What are the key regional markets in the global yogurt market?
What has been the impact of COVID-19 on the global yogurt market?
What are the major product types in the global yogurt market?
What are the various distribution channels in the global yogurt market?
What are the several flavors available in the global yogurt market?
What are the price trends of yogurt?
What are the various stages in the value chain of the global yogurt market?
What are the key driving factors and challenges in the global yogurt market?
What is the structure of the global yogurt market and who are the key players?
What is the degree of competition in the yogurt market?
What are the profit margins in the yogurt market?
What are the key requirements for setting up a yogurt manufacturing plant?
How is yogurt manufactured?
What are the various unit operations involved in a yogurt manufacturing plant?
What is the total size of land required for setting up a yogurt manufacturing plant?
What are the machinery requirements for setting up a yogurt manufacturing plant?
What are the raw material requirements for setting up a yogurt manufacturing plant?
What are the packaging requirements for yogurt?
What are the transportation requirements for yogurt?
What are the utility requirements for setting up a yogurt manufacturing plant?
What are the manpower requirements for setting up a yogurt manufacturing plant?
What are the infrastructure costs for setting up a yogurt manufacturing plant?
What are the capital costs for setting up a yogurt manufacturing plant?
What are the operating costs for setting up a yogurt manufacturing plant?
What will be the income and expenditures for a yogurt manufacturing plant?
What is the time required to break-even?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL YOGURT INDUSTRY

5.1 Market Overview
5.2 Market Performance
  5.2.1 Volume Trends
  5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
  5.4.1 Key Price Indicators
  5.4.2 Price Structure
  5.4.3 Price Trends
5.5 Market Breakup by Product Type
5.6 Market Breakup by Flavor
5.7 Market Breakup by Distribution Channel
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
  5.10.1 Overview
  5.10.2 Strengths
  5.10.3 Weaknesses
  5.10.4 Opportunities
  5.10.5 Threats
5.11 Value Chain Analysis
  5.11.1 Raw Material Procurement
  5.11.2 Manufacturing
  5.11.3 Marketing
  5.11.4 Distribution
  5.11.5 Exports
  5.11.6 End-Use
5.12 Porter’s Five Forces Analysis
  5.12.1 Overview
  5.12.2 Bargaining Power of Buyers
  5.12.3 Bargaining Power of Suppliers
  5.12.4 Degree of Competition
  5.12.5 Threat of New Entrants
  5.12.6 Threat of Substitutes
5.13 Key Success Factors and Risk Factors

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Set Yogurt
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Greek Yogurt
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Yogurt Drinks
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Frozen Yogurt
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY FLAVOR

7.1 Strawberry Blend
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Vanilla
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Plain
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Strawberry
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Peach
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1 Supermarkets and Hypermarkets
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Convenience Stores
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Specialty Stores
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Online Stores
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 Asia Pacific
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 European Union
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 North America
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Eastern Europe
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Latin America
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 COMPETITIVE LANDSCAPE

10.1 Market Structure
10.2 Key Players

11 YOGURT MANUFACTURING PROCESS

11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements

12 PROJECT DETAILS, REQUIREMENTS AND COSTS INVOLVED

12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments

13 LOANS AND FINANCIAL ASSISTANCE

14 PROJECT ECONOMICS

14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis

15 KEY PLAYER PROFILES

15.1 Lactalis Group
15.2 General Mills Inc.
15.3 Nestle
15.4 Friesland Campina
15.5 Danone
15.6 Yili Industrial Group Co. Ltd.

LIST OF TABLES

Table 1: Global: Yogurt Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Yogurt Market Forecast: Breakup by Product Type (in Million Metric Tons), 2023-2028
Table 3: Global: Yogurt Market Forecast: Breakup by Flavor (in Million Metric Tons), 2023-2028
Table 4: Global: Yogurt Market Forecast: Breakup by Distribution Channel (in Million Metric Tons), 2023-2028
Table 5: Global: Yogurt Market Forecast: Breakup by Region (in Million Metric Tons), 2023-2028
Table 6: Global: Yogurt Market: Competitive Structure
Table 7: Global: Yogurt Market: Key Players
Table 8: Yogurt Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Yogurt Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Yogurt Manufacturing Plant: Costs Related to Water Treatment System (in US$)
Table 11: Yogurt Manufacturing Plant: Costs Related to Milk Collection, Standardization and Ingredients System (in US$)
Table 12: Yogurt Manufacturing Plant: Costs Related to Raw Milk Homogenization, Sterilization System (in US$)
Table 13: Yogurt Manufacturing Plant: Costs Related to Yogurt Fermentation, Storage System (in US$)
Table 14: Yogurt Manufacturing Plant: Costs Related to Filling System (in US$)
Table 15: Yogurt Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 16: Yogurt Manufacturing Plant: Raw Material Requirements and Expenditures (in US$)
Table 17: Yogurt Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: Yogurt Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Yogurt Manufacturing Plant: Capital Costs (in US$)
Table 21: Yogurt Manufacturing Plant: Techno-Economic Parameters
Table 22: Yogurt Manufacturing Plant: Taxation and Depreciation (in US$)
Table 23: Yogurt Manufacturing Plant: Income Projections (in US$)
Table 24: Yogurt Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Yogurt Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Yogurt Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Yogurt Manufacturing Plant: Profit and Loss Account

LIST OF FIGURES

Figure 1: Global: Yogurt Market: Major Drivers and Challenges
Figure 2: Global: Yogurt Market: Volume Trends (in Million Metric Tons), 2017-2022
Figure 3: Global: Yogurt Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Yogurt Manufacturing: Price Structure
Figure 5: Global: Yogurt Market: Average Prices (in US$/Ton), 2017-2022
Figure 6: Global: Yogurt Market: Breakup by Region (in %), 2022
Figure 7: Global: Yogurt Market: Breakup by Product Type (in %), 2022
Figure 8: Global: Yogurt Market: Breakup by Flavor (in %), 2022
Figure 9: Global: Yogurt Market: Breakup by Distribution Channel (in %), 2022
Figure 10: Global: Yogurt Market Forecast: Volume Trends (in Million Metric Tons), 2023-2028
Figure 11: Global: Yogurt Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: Yogurt Market Forecast: Average Prices (in US$/Ton), 2023-2028
Figure 13: Global: Yogurt Industry: SWOT Analysis
Figure 14: Global: Yogurt Industry: Value Chain Analysis
Figure 15: Global: Yogurt Industry: Porter’s Five Forces Analysis
Figure 16: Global: Yogurt Market: Set Yogurt (in Million Metric Tons), 2017 & 2022
Figure 17: Global: Yogurt Market Forecast: Set Yogurt (in Million Metric Tons), 2023-2028
Figure 18: Global: Yogurt Market: Greek Yogurt (in Million Metric Tons), 2017 & 2022
Figure 19: Global: Yogurt Market Forecast: Greek Yogurt (in Million Metric Tons), 2023-2028
Figure 20: Global: Yogurt Market: Yogurt Drinks (in Million Metric Tons), 2017 & 2022
Figure 21: Global: Yogurt Market Forecast: Yogurt Drinks (in Million Metric Tons), 2023-2028
Figure 22: Global: Yogurt Market: Frozen Yogurt (in Million Metric Tons), 2017 & 2022
Figure 23: Global: Yogurt Market Forecast: Frozen Yogurt (in Million Metric Tons), 2023-2028
Figure 24: Global: Yogurt Market: Others (in Million Metric Tons), 2017 & 2022
Figure 25: Global: Yogurt Market Forecast: Others (in Million Metric Tons), 2023-2028
Figure 26: Global: Yogurt Market: Strawberry Blend (in Million Metric Tons), 2017 & 2022
Figure 27: Global: Yogurt Market Forecast: Strawberry Blend (in Million Metric Tons), 2023-2028
Figure 28: Global: Yogurt Market: Vanilla (in Million Metric Tons), 2017 & 2022
Figure 29: Global: Yogurt Market Forecast: Vanilla (in Million Metric Tons), 2023-2028
Figure 30: Global: Yogurt Market: Plain (in Million Metric Tons), 2017 & 2022
Figure 31: Global: Yogurt Market Forecast: Plain (in Million Metric Tons), 2023-2028
Figure 32: Global: Yogurt Market: Strawberry (in Million Metric Tons), 2017 & 2022
Figure 33: Global: Yogurt Market Forecast: Strawberry (in Million Metric Tons), 2023-2028
Figure 34: Global: Yogurt Market: Peach (in Million Metric Tons), 2017 & 2022
Figure 35: Global: Yogurt Market Forecast: Peach (in Million Metric Tons), 2023-2028
Figure 36: Global: Yogurt Market: Other Flavors (in Million Metric Tons), 2017 & 2022
Figure 37: Global: Yogurt Market Forecast: Other Flavors (in Million Metric Tons), 2023-2028
Figure 38: Global: Yogurt Market: Sales through Supermarkets and Hypermarkets (in Million Metric Tons), 2017 & 2022
Figure 39: Global: Yogurt Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Metric Tons), 2023-2028
Figure 40: Global: Yogurt Market: Sales through Convenience Stores (in Million Metric Tons), 2017 & 2022
Figure 41: Global: Yogurt Market Forecast: Sales through Convenience Stores (in Million Metric Tons), 2023-2028
Figure 42: Global: Yogurt Market: Sales through Speciality Stores (in Million Metric Tons), 2017 & 2022
Figure 43: Global: Yogurt Market Forecast: Sales through Speciality Stores (in Million Metric Tons), 2023-2028
Figure 44: Global: Yogurt Market: Sales through Online Stores (in Million Metric Tons), 2017 & 2022
Figure 45: Global: Yogurt Market Forecast: Sales through Online Stores (in Million Metric Tons), 2023-2028
Figure 46: Global: Yogurt Market: Sales through Other Distribution Channels (in Million Metric Tons), 2017 & 2022
Figure 47: Global: Yogurt Market Forecast: Sales through Other Distribution Channels (in Million Metric Tons), 2023-2028
Figure 48: Asia Pacific: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 49: Asia Pacific: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 50: European Union: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 51: European Union: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 52: North America: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 53: North America: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 54: Eastern Europe: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 55: Eastern Europe: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 56: Latin America: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 57: Latin America: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 58: Others: Yogurt Market (in Million Metric Tons), 2017 & 2022
Figure 59: Others: Yogurt Market Forecast (in Million Metric Tons), 2023-2028
Figure 60: Yogurt Manufacturing Plant: Detailed Process Flow
Figure 61: Yogurt Manufacturing Process: Conversion Rate of Feedstocks
Figure 62: Yogurt Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 63: Yogurt Industry: Profit Margins at Various Levels of the Supply Chain
Figure 64: Yogurt Production: Manufacturing Cost Breakup (in %)


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