-- Global Organic Yogurt Industry
Introduction/Market Synopsis:
Organic yogurt is consumed on a large scale across the globe. The global organic yogurt market is anticipated to witness an exponential growth throughout the period of assessment to register a CAGR of 13.1%. It is expected to reflect a high market valuation amounting to USD 15.48 Billion by the end of 2022.
By 2022, Global Organic Yogurt Market to Reach a Value of US$ 15.48 Billion
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Key Drivers Behind the Market Growth:
increasing awareness about its benefits associated with health
available in various forms and reaches the end consumer via different distribution channels, such as specialty stores, online stores, grocery stores, etc.
supports human health in different ways.
enhances digestion, reduces the chances of type 2 diabetes, helps improve bone density, assists in preventing osteoporosis, reduces the chances of colorectal cancer, assists in weight loss and bad fat loss, normalizes moods, and supports brain functions
improves immune system of the body and possess a high potential in reducing chronic pain
These various benefits of organic yogurt have endeared it to people worldwide, triggering higher consumption of organic yogurt.
Market Segmentation:
The Global Organic Yogurt Market is broadly classified by product type, by distribution channel, by form, and Top Players. By Type, the market is split into Plain Yogurt and Flavoured Yogurt. By distribution channel, the market is segmented into Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Specialist Retailers, and Online Retailers. By form, the market is split into spoonable and drinkable yogurt.
To determine the market segments, the report covers 17 key players (along with key players’ sales, price, revenue and market share in global market). Prominent among them are:
Aurora Organic Dairy
Ben & Jerry's Homemade
Wallaby Yogurt Company
Horizon Organic Holding Corp.
Kroger Co., Purity Foods
Safeway Inc.
Stonyfield Farm
Danone
Arla Foods UK Plc.
Dairy Farmers of America Inc.
Parmalat S.P.A
Dean Foods Company
Groupe Lactalis SA
Fonterra Group Cooperative Limited
Kraft Foods
Megmilk Snow Brand
Sancor Cooperativas Unidas Limited
In addition, this report discusses the key drivers influencing market growth, opportunities, trends and their impact on present and future development, and the challenges and risks faced by key players and the market as a whole.
Regional Analysis:
In the report, by region, the global market is divided into North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Italy, and Russia), and Asia Pacific (China, Japan, Southeast Asia, and India).
Conclusion:
Europe is expected to be fairly lucrative for the organic yogurt market. The market here is expected to touch US$ 4.9 billion by 2022. This is due to favourable conditions received by several yogurt manufacturers and supported by innovations. The specialty stores segment is expected to be the fastest growing and also the largest with respect to market value. By product type, plain yogurt segment is the largest in terms of value share and will continue to grow at a CAGR of 16.6% during 2017-2022. The spoonable yogurt segment is estimated to reach about US$ 10.5 billion by 2022.
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