(Entertainment-NewsWire.com, June 04, 2018 ) Global yogurts market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Yogurts Market Yogurt is produced by bacterial fermentation of milk. It is a cultured milk product which is sourced and thickened by the action of a specific lactic acid-producing cultures added to milk. It is highly nutritious and is an excellent source of calcium, potassium, and protein. Yogurt also provides numerous vitamins and minerals and is low in calories.
Market Dynamics: Yogurts Market Increase in health consciousness among the people is anticipated to drive the growth of the yogurt market. Its protein-rich content and higher nutritional values are helping to gain popularity, which is driving the growth of the market. The addition of flavors in yogurts helping in attracting the new customers’ base, which is likely to drive the market growth. However, the stringent government regulations on food and safety and high cost involved in the production may hinder the growth of the market.
Market Scope: Yogurts Market Yogurts market is segmented based on the type, form, and distribution channel Based on the type, the market is segmented into the following: Regular Yogurt Fat-free Yogurt Based on the form, the market is segmented into the following: Greek Yogurt Frozen Yogurt Set Yogurt Yogurt Drinks Based on the distribution channel, the market is segmented into the following: • Supermarkets/ Hypermarkets • Grocery Stores • Convenience Stores • Others
Regional Analysis: Yogurts Market Geographically, global yogurts market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America yogurts market is the leading market when compared with that of the other regional markets owing to launch of different product variants and varied packaging types in the region. The rising consumer base is another factor enriching the growth of the market in the North America region. Europe holds the second place in the yogurt market due to its wider dairy base. The Asia Pacific is expected to show significant growth over the forecast period.
Competition Assessment: Yogurts Market Some of the players in the global yogurts market include: Rainy Lanes Dairy Foods Ltd. (UK) Springfield Creamery (Nancy's) (US) Jalna Dairy Foods (Australia) Wallaby Yogurt Company (US) Byrne Dairy (US) Danone (France) General Mills (US) Nestle (Switzerland)
Notable Market Developments: Yogurts Market In June 2017, Yoplait has launched a "French Yogurt." It's Called "Oui."
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