Global Fortified Yogurt Market, By Ingredient (Vitamins, Minerals, Probiotics, and Others), Product (Gluten Free, Lactose Free, Low Calories, Low Fat and Others), Applications (Hypermarkets and Supermarkets, Convenience Stores, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Fortified Yogurt Market
Global fortified yogurt market size is expected to grow at a compound annual rate of 6.5% in the forecast period 2021 to 2028 and is likely to reach USD 16.54 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of fortified yogurt market in the forecast period of 2021 to 2028.
Fortification of yoghurt basically involves a process of adding some extra nutrients such as probiotics, phosphorus, magnesium, zinc, vitamins, calcium, prebiotics and proteins to the yoghurt for consumers of different age. The fortified yoghurt is very healthy and nutritious for health as it has low fat and sugar content and is rich in fibre.
The increasing consciousness amongst customers regarding health benefits due to less sugar and fats and inclusion of nutrients in fortified yoghurt is estimated to heighten the overall demand for the fortified market over the forecast period. Moreover, innovation in flavors, packaging and tastes is ideal strategy used by the market players to increase the market demand which is expected to further generate new opportunities for the fortified yogurt market in the forecast period of 2021 to 2028. However, the lack of awareness regarding the health benefits of fortified yoghurt and the high price is projected to act as a restraint towards the growth whereas rise in lactose intolerant population can challenge the growth of the market.
This fortified yogurt market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fortified yogurt market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fortified Yogurt Market Scope and Market Size
Fortified yogurt market is segmented on the basis of, ingredient, product and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of ingredient, the fortified yogurt market is segmented into vitamins, minerals, probiotics and others.
- On the basis of product, the fortified yogurt market issegmented into gluten-free, lactose-free, low calories, low fat and others.
- Based on application, the fortified yogurt market has been segmented into hypermarkets and supermarkets, convenience stores and others.
Fortified Yogurt Market Country Level Analysis
Fortified yogurt market is analyses and market size, volume information is provided by ingredient, product and application as referenced above.
The countries covered in the fortified yogurt market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is estimated to lead the fortified yogurt market due to the high demand for fortified functional food products.. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the increasing awareness, industrialization and surging population in this area.
The country section of the fortified yogurt market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fortified Yogurt Market Share Analysis
Fortified yogurt market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fortified yogurt market.
The major players covered in the fortified yogurt market report are Kite Hill., FAGE USA Dairy Industry Inc, ULTIMA FOODS, Yakult Danone India Pvt Ltd., Stonyfield Farm, Inc., FIRST GRADE INTERNATIONAL LTD, The Icelandic Milk and Skyr Corporation, Chobani, LLC., Sodiaal , Groupe Lactalis, Chobani, LLC and Sodiaal among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-