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Global Low Fat Yogurt Market to Reach $17.20 Billion by 2023





(Entertainment-NewsWire.com, November 11, 2017 ) Low Fat Yogurt market is anticipated to grow at a 10.40% CAGR from 2016 to 2021 and it is estimated that the global market was valued at USD 17.20 billion in 2016 and is relied upon to achieve USD 28.21 billion by 2021.Low-fat yogurt contains around twelve grams of protein in an eight-ounce product which provides important amino acids necessary for sustaining muscle tissue. Low-fat yogurt is frequently consumed by individuals who are suffering from diseases like high blood pressure, diabetes or any heart-related problems and people who want to lose weight. It contains 14 milligrams of cholesterol which is also considered an important part of the low-fat diet. Low-fat yogurt is cheaper as compared to conventional yogurt. Probiotics are the live bacteria that are beneficial for the body and are mostly found in low-fat yogurt. Low-fat yogurt is a rich source of protein as compared to conventional yogurt. Low-fat yogurt based food products do not have problems related to blood sugar level as compared to their conventional counter parts.



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An increase in the consumer demand for low-fat yogurt and similar products owing to the presence of fewer calories is a key driving factor of the low-fat yogurt market. Rising opportunities in food and beverage industry is also another factor aiding the market growth. Due to a rise in the number of Low-Fat Yogurt-based food products that provide low-calorie content is consequently leading to an increase in the production of Low-Fat Yogurt. An increase in the growth of low-fat yogurt availability in retail stores, online stores, and supermarkets/hypermarkets are some of the other driving factors of the market.



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The global market for Low Fat Yogurt is segmented into Origin and Type. On the basis of Origin, it is segmented into Non-Organic and Organic. Non-organic low-fat yogurt is made of artificial flavors, fruits, sweeteners, thickeners, additives, inactive cultures, and stabilizers. Yogurt that is prepared from milk, but which does not adhere to the standards of dairy farming practices set by the various governments globally is also classified as non-organic. These products have a longer shelf life and are relatively cheaper as compared to organic items. On the basis of type, it is segmented into Flavored, Fruit, and Plain. Flavored segment held the largest share in this market segment. Chocolate, vanilla, coffee, and mint are some of the common flavors added for refining the aroma, taste, and texture of the end product. Numerous health benefits accompanying the consumption of organic flavored items are expected to further aid the market growth.



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On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. North America held the largest share of the market in terms of revenue followed by Europe. Together, these regions held around more than half of the total industry share. The demand for the product is mainly driven by the global players present in Western European countries. Favorable government regulations and removal of milk quota in the European region are expected to boost the regional demand in the coming years. The North American market is mainly driven by the rising consumption of low-fat dairy items in the U.S. A large number of regional players is present in the U.S. These players are trying to introduce new flavors to increase their market share. Asia Pacific is emerging as a potential market with a considerable increase in the consumption of dairy items in China, Japan, and India. An increase in the disposable income coupled with a rise in the number of consumers preferring organic products is anticipated to boost the demand in the region. New Zeeland and Australia are among the major suppliers of processed milk in the region. The rising export of dairy products from these countries is expected to propel the industry growth.

Some of the major companies dominating the market are General Mills Inc., Danone Inc., Nestle S.A., Rainy Lanes Dairy Foods Ltd., Springfield Creamery, Jalna Dairy Foods, Gopala, Wallaby Yogurt Company, Byrne Dairy and Tillamook Dairy Co-Op.



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