The global low-fat yogurt products market was valued at USD 32.9 billion in 2022 and is anticipated to record a CAGR of 6.1% during the forecast period from 2023 to 2030. Low-fat yogurt products are becoming increasingly popular among health-conscious consumers, as the consumption of full-fat dairy products is linked to health risks such as obesity and high cholesterol. Low-fat yogurt products are characterized by the presence of less fat than regular yogurt, along with added nutrients and flavorings. Furthermore, these products are high in protein and calcium, making them a popular choice among health-conscious consumers.

In recent years, there has been a shift in consumer preferences towards plant-based products. To capitalize on this trend, market players are launching low-fat plant-based yogurt products, such as almond, cashew, and coconut yogurt. For instance, in February 2022, Califia Farms launched a line of dairy-free yogurts made with almond and oat milk. Furthermore, the increasing demand for convenience and the growing popularity of snacking are driving the demand for snack-sized low-fat yogurt products.

In addition, the rising demand for indulgent yogurt products, such as low-fat Greek yogurt, is fueling market growth. Greek yogurt is a thick and creamy product with a high protein content. It is often used as an alternative to other dairy products, such as cream cheese and sour cream, or as a base for dips and spreads. Furthermore, increasing health awareness and the rising popularity of organic and natural products are driving the demand for organic low-fat yogurts.

The growing popularity of low-fat yogurt products among adolescents and children is driving the market. To tap into this segment, market players are launching products with kid-centric packaging and flavors. For instance, in December 2021, Danone launched a new range of low-fat yogurt products for children in the U.S. The new range of products includes 8-ounce containers of vanilla, strawberry, and banana-flavored yogurt.

Furthermore, the increasing demand for functional products is propelling the growth of the market. Yogurt is rich in probiotics and prebiotics, which have a positive impact on the overall health of the consumer. Market players are launching low-fat yogurt products with added health benefits to capitalize on this trend. For instance, in April 2022, Danone launched a new range of probiotic and prebiotic enhanced low-fat yogurt products.

The low-fat yogurt segment led the market and accounted for a share of around 42.4% in 2022. The product is gaining popularity among consumers due to its health benefits. Low-fat yogurt is high in protein and calcium as compared to other dairy products. Moreover, the product has fewer calories than other dairy products, thus, making it a preferred choice among health-conscious consumers. Furthermore, the presence of live cultures in low-fat yogurt helps in boosting immunity and digestion. Such factors are expected to drive the demand for low-fat yogurt products during the forecast period.

The flavored yogurt segment is anticipated to expand at the fastest CAGR of 8.2% over the forecast period. Growing consumer preference for flavored yogurt products, rising demand for low-calorie food products, and the emergence of various flavored yogurt brands are some of the key factors driving the segment growth. Additionally, flavored yogurt products have higher shelf life and convenience, which is increasing its demand among consumers. Moreover, the presence of various flavors such as strawberry, blueberry, and mango are further boosting the growth of the segment.

The supermarkets and hypermarkets segment accounted for the largest share of the market in 2022. This segment is mainly driven by the growing consumer inclination towards supermarkets & hypermarkets as a preferred source of purchasing food & beverage products. According to a study by Market Research Future in 2021, supermarkets & hypermarkets offer a wide range of low-fat yogurt products at competitive prices which encourage consumers to purchase these products. Moreover, these establishments are preferred by consumers as they offer a wider range of products, attractive discounts, and convenience.

The online segment is expected to register the highest CAGR of 11.7% over the forecast period. The development of e-commerce in the food & beverage industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in January 2021, Walmart launched an online store dedicated to low-fat yogurt products. The store offers a wide range of products from different brands at competitive prices. In addition, the store offers discounts and other promotional offers which further encourage customers to purchase the products from their website.

The regular segment accounted for the largest revenue share of 73.6% in the year 2022. The increasing consumer preference for low-fat products and the growing health consciousness among consumers has been driving the demand for low-fat yogurt. Moreover, manufacturers are engaging in launching new products with improved taste and packaging designs, which is further driving the segment’s growth. For instance, in June 2020, Danone launched a new low-fat yogurt in Russia, which is 100% natural, low in fat, and low in calories. The company has also introduced a new packaging design for the product.

The organic segment is anticipated to expand at the highest CAGR of 8.6% over the forecast period. The growing health consciousness and the rising demand for health foods are the major factors driving the segment. Furthermore, the growing awareness of the benefits of organic products, such as high fiber content and reduced risk of health issues, is also likely to drive the segment in the forecast period. Moreover, companies are launching organic low-fat yogurt products with improved taste and packaging designs to attract consumers. For instance, in March 2021, Fage International launched its new range of organic low-fat yogurt called Fage Total Organic.

Europe accounted for the largest revenue share of more than 40.5% in 2022. Increasing health consciousness and rising demand for healthy dairy products are some of the key factors driving the growth of the market in this region. Moreover, the rising trend of veganism is further expected to drive the demand for low-fat yogurt products. For instance, in May 2021, Swedish oat-based dairy company Oatly launched its first-ever low-fat yogurt in the UK.

Asia Pacific is expected to witness the fastest growth in the coming years. The rising demand for low-fat yogurt products on account of health consciousness among consumers is a key factor driving the growth of the market in this region. Furthermore, the increasing number of health-conscious people and rising disposable income are some of the other factors driving the growth. For instance, in December 2021, Amul, India’s leading dairy brand, launched two new flavors of low-fat yogurt, namely, mango and strawberry.

In this part of the low-fat yogurt products 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 your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenue for a low-fat yogurt products business comes from the sale of yogurt, toppings, and other related products. Here you will find a list with a description of each of them and other possible sources of profit such as catering services, the sale of merchandise, and promotional activities.

Projecting Expenses
In this section, all the regular expenses related to keeping the low-fat yogurt products business running will be described. The list of operating expenses includes ingredients, wages, equipment and supplies, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the low-fat 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, Danone launched a new range of low-fat yogurt with omega-3 fatty acids, vitamins and minerals.

– In August 2022, Chobani launched a new range of low-fat yogurt with probiotics to improve gut health.

– In October 2022, Fage launched a new range of low-fat yogurt with plant-based proteins and added calcium for better absorption.

Some of the prominent players in the low-fat yogurt market include:

– Danone
– Chobani LLC
– Fage International S.A.
– General Mills, Inc.
– PepsiCo, Inc.
– Muller UK & Ireland
– Dannon
– Kraft Heinz Company
– Nestle SA
– Yoplait

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 low-fat yogurt products market based on product, form, distribution channel, and region:

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

– Plain Low-Fat Yogurt
– Flavored Low-Fat Yogurt
– Greek Low-Fat Yogurt

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

– Cup
– Tub
– Pouch

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

– Supermarkets & Hypermarkets
– Convenience Stores
– Online
– Others

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

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

[Q]: What are the Key Drivers of Low-Fat Yogurt Market Growth?
[A]: The key driving factors of the low-fat yogurt market are increasing health awareness among consumers, availability of a variety of low-fat yogurt products, and the health benefits associated with low-fat yogurt. The rising demand for low-fat yogurts from the health-conscious population and the increasing preference for low-fat yogurts in comparison to other dairy products are some of the key factors driving the growth of the low-fat yogurt market.

[Q]: Who are the Major Players in the Low-Fat Yogurt Market?
[A]: Major players in the low-fat yogurt market are Nestle SA, Danone, General Mills Inc., Fonterra Co-operative Group Limited, Chobani LLC, Yoplait USA Inc., Müller UK & Ireland, The Kraft Heinz Company, and Unilever.

[Q]: What are the Trends in Low-Fat Yogurt Consumption?
[A]: The demand for low-fat yogurt is increasing due to its health benefits, such as providing essential nutrients and promoting digestive health. Low-fat yogurt is also becoming increasingly popular as a source of protein, which is important for muscle growth and repair. Additionally, the flavor profiles of low-fat yogurt products are becoming more diverse, with a variety of flavors and ingredients now available.

[Q]: What is the Potential of Low-Fat Yogurt Innovation?
[A]: To stay competitive, companies in the low-fat yogurt market are investing in product innovation. Low-fat yogurt products are being developed with a variety of flavors and ingredients, including plant-based proteins and probiotics. Additionally, companies are introducing packaging innovations to make low-fat yogurt products more convenient and attractive to consumers.

[Q]: What Regions Offer the Greatest Opportunities for Low-Fat Yogurt Sales?
[A]: North America, Europe, and Asia-Pacific are the leading regions for low-fat yogurt consumption. In North America, the U.S. is the largest market for low-fat yogurt, followed by Canada and Mexico. In Europe, Germany, the U.K., France, Italy, and Spain are some of the leading markets. In Asia-Pacific, Japan, China, India, and Australia are the leading markets.