What is Global Fortified Yogurt Market?
The Global Fortified Yogurt Market is a fascinating and dynamic sector of the food industry. It refers to the global market for yogurt that has been fortified, or enhanced, with additional nutrients. This could include vitamins, minerals, or other beneficial substances that are not naturally present in yogurt. The aim of fortification is to improve the nutritional value of the yogurt, making it a healthier choice for consumers. The market encompasses a wide range of products, from traditional, dairy-based yogurts to plant-based alternatives, and includes both flavored and unflavored varieties. The Global Fortified Yogurt Market is influenced by a variety of factors, including consumer trends, dietary needs, and health concerns, as well as technological advancements in food production and fortification techniques.
Gluten Free, Lactose Free, Low Calories, Low Fat & Others in the Global Fortified Yogurt Market:
The Global Fortified Yogurt Market is not just about traditional, dairy-based yogurts. It also includes a range of specialty products designed to meet specific dietary needs and preferences. These include gluten-free, lactose-free, low-calorie, and low-fat yogurts, among others. Gluten-free and lactose-free yogurts are designed for individuals with food intolerances or allergies, while low-calorie and low-fat yogurts are aimed at those looking to reduce their calorie or fat intake. Each of these product categories has its own unique market dynamics, influenced by factors such as consumer awareness and understanding of food intolerances and allergies, dietary trends, and health and wellness concerns. Despite these differences, all these product categories share a common goal: to provide consumers with healthier, more nutritious yogurt options.
Hypermarkets and Supermarkets, Convenience Stores, Others in the Global Fortified Yogurt Market:
The Global Fortified Yogurt Market is not confined to any one type of retail outlet. It spans a variety of retail channels, including hypermarkets and supermarkets, convenience stores, and others. Hypermarkets and supermarkets are typically the largest retailers of fortified yogurt, offering a wide range of products from various brands. These stores often have dedicated dairy or chilled food sections, where consumers can find a variety of fortified yogurts. Convenience stores, on the other hand, may offer a smaller selection of products, but they provide the convenience of quick and easy access, often in locations where larger stores are not available. Other retail channels could include online retailers, specialty health food stores, and direct sales from manufacturers. Each of these retail channels offers its own unique advantages and challenges in the Global Fortified Yogurt Market.
Global Fortified Yogurt Market Outlook:
The Global Fortified Yogurt Market is a growing and evolving sector. In 2022, the market was valued at US$ 6155.1 million. This figure is expected to increase to US$ 8176.2 million by 2029, representing a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2023 to 2029. This growth is driven by a variety of factors, including increasing consumer awareness of the health benefits of fortified yogurts, advancements in food fortification technology, and the growing popularity of specialty yogurts designed to meet specific dietary needs and preferences. However, the market also faces challenges, such as the need for ongoing consumer education about the benefits of fortified yogurts, and the need to ensure that fortification processes do not compromise the taste or texture of the yogurt. Despite these challenges, the outlook for the Global Fortified Yogurt Market remains positive, with continued growth expected in the coming years.
| Report Metric | Details |
| Report Name | Fortified Yogurt Market |
| Accounted market size in 2023 | US$ 6574.8 million |
| Forecasted market size in 2029 | US$ 8176.2 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Danone Group SA (France), Ultima Foods Inc. (Canada), Chobani Inc. (U.S.), Sodiaal S.A. (France), Nestle (Europe), General Mills (U.S.) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
