Yogurt Drink Market Size Worth $44.46 Billion by 2025
The
global Yogurt Drink Market is expected to reach USD 44.46
billion by 2025 at a 4.8% CAGR, according to a new report by Grand View
Research, Inc. The market is anticipated to witness a higher growth rate in
comparison to plant-based drinks on account of better health benefits and low
cost of yogurt drinks.
Further key findings from the report suggest:
Factors
such as increased per capita spending and urbanization are likely to fuel
yogurt consumption. Rise in awareness about its benefits and increase in
preference for yogurt among consumers looking to lead an active and healthy
lifestyle are expected to play a significant role in driving industry growth.
Regular
consumption of yogurt drinks helps in lowering obesity. Having whole yogurt
drink helps keep the stomach full, thereby discouraging overeating or eating at
frequent intervals. Companies such as Benecol Limited offer low-cholesterol
yogurt containing plant stanols.
Further key findings from the report suggest:
- The flavored yogurt drink
segment accounted for a revenue share of 37.6% in 2016 owing to launch of
healthy and delicious products by companies
- The regular yogurt segment
accounted for a 34.63% market share in 2016 in terms of revenue and is
expected to expand at a CAGR of 5.0% from 2017 to 2025. This growth can be
attributed to preferred taste of regular yogurt as compared to fat-free
variants and the fact that regular yogurt is less processed compared to
other types
- Convenience store
distribution channel captured a market share of 29.37% in 2016 and is
expected to witness significant growth over the forecast period. This can
be attributed to increased number of working individuals, hectic work
schedules, and single-person households
- Demand for yogurt in tetra
packs is expected to decline owing to rise in demand for on-the-go
breakfast items and consumer preference for plastic bottles over tetra
packs
- Regional expansions and
R&D are key strategies adopted by major market players to strengthen
their position in the industry. A large number of companies are
continuously striving to innovate and develop new flavors and varieties to
expand their scope in the yogurt drink market
- Friesland Campina acquired
Ivory Coast dairy business from Olam International, Singapore, in 2014 to
boost its presence in the emerging markets of Africa and Asia.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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