According to the latest report by IMARC Group, titled “Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market size reached US$ 38.7 Billion in 2018. Yogurt is a dairy product made by the bacterial fermentation of milk. It is an excellent source of protein as it contains all the nine essential amino acids. It also consists of riboflavin and vitamin B12, phosphorus and selenium. Owing to the presence of these nutrients, coupled with a lower calorie content, yogurt has emerged as a popular alternative to ice-cream and other milk-based desserts. Nowadays, it is available in the market in both plain and flavored variants such as blueberry, raspberry, mango and strawberry.
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Global Yogurt Market Trends:
The consumption of yogurt is known to aid in combating diarrhea and constipation, protecting against colorectal cancer, lowering the risk of type 2 diabetes, maintaining blood pressure and improving immunity. The growing awareness about these health benefits and rising health-consciousness, especially among the urban and young consumers, has led to a shift toward nutrient-rich snacks. This trend has further prompted several key players in the industry to introduce functional products, such as yogurt variants with a lower content of fats, cholesterol and sugar. They have also launched flavored and fruity products, along with innovative packaging solutions, which has created a larger consumer-base, in turn, catalyzing the market growth. Looking forward, the market value is projected to reach US$ 51.2 Billion by 2024, growing at a CAGR of 4.8% during the forecast period (2019-2024).
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Market Summary:
Browse related reports
Greek Yogurt Market Research Report and Forecast: https://www.imarcgroup.com/greek-yogurt-market
India Flavoured and Frozen Yoghurt Market Report and Forecast: https://www.imarcgroup.com/flavoured-frozen-yoghurt-market-india
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