What is Global Fortified Yogurt Market?
The Global Fortified Yogurt Market is a fascinating sector of the food industry that focuses on the production and distribution of yogurt that has been enhanced with additional nutrients. This market has gained significant traction in recent years due to the growing consumer awareness about the health benefits of fortified foods. Fortified yogurt is a type of yogurt that has been enriched with essential nutrients such as vitamins, minerals, and probiotics to boost its nutritional value. This type of yogurt is particularly popular among health-conscious consumers who are looking for easy and delicious ways to incorporate more nutrients into their diet. The global market for fortified yogurt is vast and diverse, encompassing a wide range of products that cater to various consumer preferences and dietary needs.
Gluten Free, Lactose Free, Low Calories, Low Fat & Others in the Global Fortified Yogurt Market:
The Global Fortified Yogurt Market is segmented into various categories based on the type of fortification, including Gluten Free, Lactose Free, Low Calories, Low Fat, and Others. Each of these categories caters to a specific consumer need and preference, thereby expanding the market's reach and appeal. Gluten-free fortified yogurt, for instance, is designed for consumers with gluten intolerance or those who choose to follow a gluten-free diet. Lactose-free fortified yogurt, on the other hand, is perfect for lactose-intolerant individuals who still want to enjoy the benefits of yogurt without the discomfort that lactose can cause. Low-calorie and low-fat fortified yogurts are popular among consumers who are watching their weight or trying to lead a healthier lifestyle. Other types of fortified yogurt include those enriched with probiotics, fiber, and other nutrients that provide additional health benefits.
Hypermarkets and Supermarkets, Convenience Stores, Others in the Global Fortified Yogurt Market:
The Global Fortified Yogurt Market finds its usage in various areas such as Hypermarkets and Supermarkets, Convenience Stores, and Others. Hypermarkets and supermarkets are the primary distribution channels for fortified yogurt, given their wide reach and the variety of products they offer. These retail outlets typically have a dedicated section for dairy products where consumers can find a wide range of fortified yogurt products. Convenience stores, on the other hand, are ideal for on-the-go consumers who prefer to do their shopping quickly and conveniently. These stores usually carry a limited range of products, but they are strategically located in high-traffic areas to cater to the needs of busy consumers. Other distribution channels for fortified yogurt include online retailers, specialty stores, and direct sales.
Global Fortified Yogurt Market Outlook:
Looking at the market outlook for the Global Fortified Yogurt Market, it's clear that this sector is on a growth trajectory. In 2023, the market was valued at a substantial US$ 6155.1 million. Fast forward to 2030, and it's projected to reach an impressive US$ 8176.2 million. This represents a compound annual growth rate (CAGR) of 3.7% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing consumer awareness about the health benefits of fortified foods and the growing demand for nutritious and convenient food options. The market's expansion is also fueled by the continuous innovation in product offerings, with manufacturers constantly developing new and improved fortified yogurt products to cater to the evolving consumer preferences and dietary needs.
| Report Metric | Details |
| Report Name | Fortified Yogurt Market |
| Accounted market size in 2023 | US$ 6155.1 million |
| Forecasted market size in 2030 | US$ 8176.2 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption 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 |
