(Entertainment-NewsWire.com, November 09, 2017 ) Global Yogurts Market is anticipated to grow with a CAGR of 3.21% during the forecast period (2016-21).
According to the report Global Yogurts Market, published by Market Data Forecast, the Global market is projected to reach USD 41.69 billion by 2021, at a CAGR 3.21% from 2016 to 2021.
Yogurt is the bacteria processed food during the fermentation of the lactose present in the milk. The lactic acid produced during this process is acts as milk protein to give its texture and characteristic flavour. The bacteria used to make yogurt is known as yogurt cultures. Yogurt is the most processed food made from the milk worldwide. Most commonly, milk obtained from cow is used in making yogurt. In different countries, it is used to make various delicacies.
Numerous Technological advancements in Global Yogurts products, rising government funding for cell-based research, increasing biotechnology and biopharmaceutical industries, numerous applications of Global Yogurts in cancer research, rising focus on personalized medicine, and growing incidence and prevalence of chronic and infectious diseases are the primary factors driving the growth of the market.
However, the high-cost of the instruments and the slightly longer shelf-life of these devices are few factors hampering the growth of the market.
In 2016, Traditional and Greek yogurt dominated to have the largest share due to high demand for the Greek yogurt and growing health-conscious consumers. Furthermore, Kids yogurt have the fastest growing rate since kid’s yogurt is made from organic sources with additional flavours, which generated a special interest amongst parents who are constantly looking for healthy, organic food items. In packaging segment, cups held a significant share in the overall market accounting for nearly 70% due to the convenience of using and low cost of packing of cups.
In 2016, North America has the dominated the global market for Yogurts in the world, which is followed by Europe and Asia Pacific. Asia Pacific region is anticipated to have the fastest growth rate during the forecast period owing to rising consumption in countries such as India, China and Japan increasing population growth.
Global Yogurts Market: Key Players
The major players dominating the global market are Danone Groupe SA, Ultima Foods Inc, Chobani Inc., Sodiaal S.A, NESTLE SA, General Mills, Kraft Foods Group, Inc., and Yakult Honsha Co., Ltd.
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
