Global Yogurt Market 2019-2023 | Product Innovations to Drive Growth | Technavio
LONDON--(BUSINESS WIRE)--Feb 7, 2019--The global yogurt market research report by predicts the market to post a CAGR of more than 5% during the period 2019-2023.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190207005640/en/
Technavio has released a new market research report on the global yogurt market for the period 2019-2023. (Graphic: Business Wire)
Supermarkets and hypermarkets are the largest sales channels for yogurt. Thus, the growth in the number and penetration of these modern retail channels has helped in making yogurt more accessible and available to a broader consumer base. The market vendors have been collaborating with large modern retail chains for the launch of their products in supermarkets and hypermarkets, thereby gaining more visibility among customers.
As per Technavio, the introduction of new flavors and product innovations will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global yogurt market: Introduction of new flavors and product innovations
To enhance their appeal among consumers globally, vendors have been introducing new and healthy formulations of yogurt with innovative flavors combining toppings of fruits, nuts, and other savory snacks. The vendors have also been diversifying from traditional yogurt offerings. They are introducing flavored yogurt snacks to differentiate their offerings, beat the competition, and promote yogurt as an on-the-go snack.
“Many vendors are taking the initiatives to improve the taste and variety of their products, which will encourage consumer uptake. Vendors are also reinventing the dairy experience by introducing dairy-free yogurts to cater to the lactose-intolerant demographic, with the use of alternatives such as coconut and soy milk,” says a senior research analyst at Technavio.
Global yogurt market: Segmentation analysis
This yogurt market analysis report segments the market by product (spoonable yogurt and drinkable yogurt) and geography (APAC, Europe, MEA, South America, and North America).
The spoonable yogurt segment held the largest yogurt market share in 2018. The increasing popularity of Greek yogurt has been one of the major factors driving the growth of spoonable yogurt segment.
APAC accounted for the highest share of the market in 2018. The major factors driving the market in this region are the growing number of product launches, the rise in the number of organized retail outlets, preference for a healthy lifestyle, and increasing popularity of flavored yogurt beverages.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base includes enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005640/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Technavio Research
Copyright Business Wire 2019.
PUB: 02/07/2019 11:50 AM/DISC: 02/07/2019 11:50 AM