The global flavored yogurt products market was valued at USD 24.7 billion in 2022 and is projected to expand at a CAGR of 6.0% from 2023 to 2030. The market is driven by increasing demand for healthy and convenient food items. Factors such as increasing health consciousness, changing lifestyle, and busy work-life schedules are driving demand for flavored yogurt products. Furthermore, rising disposable income and the increasing popularity of probiotic foods are facilitating the growth of the market.

Flavored yogurt products are gaining popularity as they are convenient to consume, have a long shelf life, and are available in a variety of flavors. Manufacturers are increasingly investing in product innovation to meet the changing needs of the consumers. For instance, in April 2021, Emmi launched a new range of yogurt products in Europe. The new range consists of five different flavors, including raspberry, blueberry, vanilla, mango, and strawberry. Furthermore, the new range of products is made with natural ingredients and is low in fat and sugar.

The increasing awareness of the health benefits of consuming yogurt is driving the demand for the market. Yogurt is a nutritionally rich food, as it contains minerals such as calcium and phosphorus, proteins, vitamins, and probiotics. Furthermore, yogurt is known to help in digestion, and recent studies have found that it helps in reducing the risk of colon cancer. Moreover, yogurt helps in weight loss due to its low-calorie content, which is further driving the demand for the market.

The growing demand for organic yogurt products is further driving the market growth. Consumers are increasingly opting for organic yogurt products as they are free from synthetic preservatives and hormones. Furthermore, organic yogurt products are believed to have a higher nutritional value than their conventional counterparts. For instance, in March 2021, Danone launched its new organic range of yogurt products in the United Kingdom. The new range includes organic yogurt with a selection of flavors such as mango and raspberry.

The increasing trend of veganism is also driving the demand for flavored yogurt products. Manufacturers are increasingly introducing vegan yogurt products to meet the growing demand. For instance, in June 2021, Chobani launched a new range of vegan yogurt products in the United States. This new range of products is made with plant-based ingredients such as coconut cream, oats, and almond milk. The product range also includes flavors such as blueberry, peach, and strawberry.

The fruity segment held the largest market share in 2019 and is projected to continue its dominance over the forecast period. Fruity flavored yogurt is widely consumed by consumers across the world due to its delicious and healthy characteristics. Furthermore, the growing demand for dairy products with natural fruit flavors is expected to drive the segment growth over the forecast period. According to an article published by The Dairy Council of California in January 2020, over the past few years, flavored yogurt has become increasingly popular with health-conscious consumers, with fruit and other natural flavors being the most popular.

The berry segment is expected to register the fastest CAGR of 6.7% from 2020 to 2027. The growing popularity of berry flavored yogurt products is attributed to the increasing health consciousness and rising demand for organic food products. According to an article published by the International Dairy Journal in June 2019, berry flavored yogurt is gaining customer attention due to its wide range of health benefits, such as providing antioxidants, vitamins, and minerals. In addition, the rising demand for organic yogurt products is also driving the segment growth.

The supermarkets and hypermarkets segment captured the major share of over 33.5% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase flavored yogurt products. According to a study by Deloitte in 2020, flavored yogurt has become increasingly popular among consumers, with more than 75% of the surveyed consumers indicating an interest in the product. These establishments also provide a reasonable selection of products and assist customers in making rapid purchasing decisions for the required yogurt product.

The convenience stores segment is anticipated to expand at the highest CAGR of 10.3% over the forecast period. The segment is expected to benefit from the increasing number of convenience stores in the country. For instance, in June 2020, 7-Eleven, Inc., a U.S. convenience store chain, announced the expansion of its stores to over 10,000 locations in the U.S. by 2022. This would provide a large consumer base for flavored yogurt products. Additionally, convenience stores also provide a variety of flavored yogurt products, which can attract more customers.

The flavored yogurt segment is expected to account for the largest revenue share of 46.9% in the year 2022. The increasing health consciousness among consumers is driving the demand for flavored yogurt. Consumers are opting for flavored yogurt due to its low-fat content and health benefits. In addition, the growing popularity of flavored yogurt among consumers is driving companies to introduce more flavors in the market. For instance, in May 2022, Chobani, a U.S. based company, launched a new line of flavored yogurts such as Mango and Pineapple and Passion Fruit.

The organic segment is projected to expand at the highest CAGR of 10.1% over the forecast period. Consumers are increasingly opting for organic products due to health benefits associated with them. Organic yogurt contains more beneficial bacteria and less sugar than regular yogurt. Moreover, the rising demand for eco-friendly and sustainable products among consumers is driving the growth of the organic segment. For instance, in April 2022, Danone launched its new organic yogurt range in France, which is made from organic cow’s milk sourced from local farms and contains no artificial preservatives.

Europe accounted for the largest revenue share of over 40.2% in 2022. The European yogurt market is highly competitive and is led by major players such as Nestle, Danone, General Mills, and Unilever. The region is a major market for flavored yogurt products, driven by the increasing demand for convenience food products and the growing popularity of organic and natural yogurt. Furthermore, the presence of a large customer base and increasing health consciousness among consumers are two of the key factors driving the market growth in the region.

Asia Pacific is expected to witness the fastest growth in the market during the forecast period. The increasing demand for convenience food products is a major factor behind this growth. Additionally, the presence of a large number of manufacturers, such as Amul, Mother Dairy, and Hatsun Agro, and their focus on product innovation is expected to increase the product visibility in the region. For instance, in May 2021, Hatsun Agro announced the launch of its new range of flavored yogurt products in India.

In this part of the flavored yogurt business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the yogurt product business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a flavored yogurt product business comes from retail sales, wholesale distribution, and online sales. Here you will find a list with a description of each of them and other possible sources of profit such as catering services, food trucks, and private labeling.

Projecting Expenses

In this section, all the regular expenses related to keeping the flavored yogurt product business running will be described. The list of operating expenses includes product ingredients, packaging materials, wages, maintenance and repairs, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the flavored yogurt market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Chobani launched a new line of flavored yogurt products, including flavors such as strawberry, peach, and mango.

– In August 2022, Danone launched a new line of flavored yogurt products, including flavors such as blueberry, raspberry, and vanilla.

– In September 2022, Kraft Foods Inc. launched a new line of flavored yogurt products, including flavors such as honey, toffee, and coconut.

Some of the prominent players in the flavored yogurt market include:

– Chobani LLC
– Danone SA
– Nestlé SA
– General Mills, Inc.
– Kraft Foods Inc.
– Yoplait SAS
– Lala U.S.
– Fonterra Co-operative Group Limited
– Dannon Company, Inc.
– Hiland Dairy Foods Company

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global flavored yogurt products market based on product type, flavor, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Greek Yogurt
– Low-Fat Yogurt
– Regular Yogurt
– Others

2. Flavor Outlook (Revenue, USD Million, 2017 – 2030)

– Fruits
– Vanilla
– Chocolate
– Others

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Convenience Stores
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Major Drivers of the Flavored Yogurt Products Market?
[A]: Increasing demand for healthy and nutrient-rich products, rising disposable incomes, and health awareness are the main drivers of the flavored yogurt products market. Furthermore, the rise in number of working women, rapid urbanization, and the popularity of flavored yogurt as a snack among consumers are some of the other factors that are driving the market.

[Q]: What are the Major Challenges Facing the Flavored Yogurt Products Market?
[A]: The major challenge faced by the flavored yogurt products market is the availability of various substitutes such as ice cream and other dairy products. Increasing health consciousness among consumers has led to a shift in preferences towards low-sugar products, which is a major challenge for the market. Additionally, stringent regulations and the high cost of production are some of the other factors that are limiting the growth of the flavored yogurt products market.

[Q]: Who are the Key Players in the Flavored Yogurt Products Market?
[A]: Some of the key players in the flavored yogurt products market are Nestlé S.A., Danone, General Mills, Inc., Yakult Honsha, Unilever, and The Kraft Heinz Company.

[Q]: What are the Major Opportunities for the Flavored Yogurt Products Market?
[A]: Increasing demand for organic and non-dairy yogurt products, the growing popularity of flavored yogurt among the health-conscious, and the increasing adoption of flavored yogurt in cafes and restaurants are some of the major opportunities for the flavored yogurt products market.

[Q]: What are the Trends in the Flavored Yogurt Products Market?
[A]: Some of the major trends in the flavored yogurt products market include the growing demand for Greek yogurt, the increasing popularity of low-fat yogurt, and the growing demand for plant-based yogurt. Additionally, the increasing demand for probiotic yogurt and the introduction of new flavors are some of the other trends in the market.