The Fruit Yogurt Market is segmented by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Online, and Others), Product (Spoonable yogurt and Drinkable yogurt), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 14525.5 million, at a CAGR of 8.09% during the forecast period. There are several companies that are contributing to the market as per this report. Increasing use of superfruits in yogurts .
By Distribution Channel, the Supermarkets/Hypermarkets segment is projected to dominate the market size in 2024
In the fruit yogurt market, supermarkets and hypermarkets have become the preferred distribution channels due to the expansion of the organized retail sector in both developed and emerging economies. The increasing retail industry landscape and the proliferation of retail outlets have significantly boosted sales in this segment. Consummers are drawn to these establishments due to the extensive selection of fruit-infused yogurt products and the convenience of one-stop shopping. Additional incentives, such as competitive pricing and an appealing in-store environment, further encourage consumers to purchase fruit yogurt from supermarkets and hypermarkets.
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By Product, Spoonable yogurt segment is expected to hold the largest market size for the year 2024
In the dynamic and competitive dairy industry, spoonable yogurt has emerged as a significant market segment. This product category, characterized by its thick and creamy consistency, is designed for consumption via spoon or squeeze tubes. Refrigerated or frozen fruit yogurts fall under this classification. The health advantages associated with spoonable yogurt, coupled with the diverse range of fruit-infused flavors, have propelled its popularity among consumers. The escalating preference for spoonable yogurt has resulted in heightened demand for an expansive array of taste options. The introduction of flavored variants has effectively captured consumer attention, further fueling the growth trajectory of the spoonable yogurt market.
Why is Europe forecasted to hold the largest regional market size in 2024?
The fruit yogurt market represents a significant growth opportunity for food and beverage companies. Consumers' increasing preference for healthier food options has led to a surge in demand for fruit yogurts. Market size is projected to expand at a steady CAGR, driven by rising disposable income, changing demographic trends, and a growing awareness of the health benefits associated with fruit yogurt consumption. Companies are investing in product innovation, sustainable packaging, and strategic partnerships to capture market share.
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Research Analysis Overview
The Fruit Yogurt market encompasses various types of yogurt, including Peach, Plain, Vanilla, Strawberry Blend, Yogurt Drinks, Greek Yogurt, Set Yogurt, and Drinkable Yogurt, sold through Online Stores, Specialty Stores, and Convenience Stores. Fruit yogurt is a coagulated dairy product made from Milk and Bacteria, available in various flavors that cater to health-conscious consumers and those seeking indulgence. Greek Yogurt and Set Yogurt have gained popularity due to their high protein content, while Organic and Vegan options cater to specific dietary needs. Consumers with Digestive Disorders find yogurt beneficial due to its probiotic properties. Retail space for yogurt continues to expand, with Online Stores and Specialty Stores offering a wider range of flavors and options than Convenience Stores. Fruit Yogurt Drinks and Plain Yogurt are popular choices for those on-the-go, while Peach, Strawberry Blend, and Vanilla remain consumer favorites for their sweet and tangy flavors. The market for Fruit Yogurt continues to grow as consumers seek convenient, healthy, and indulgent options.
Market Research Overview
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure microbial elimination and shelf life extension. According to Technavio, the market's size is determined by the consolidated revenue of the participating market players. This market segment excludes food processing equipment manufacturers and packaged alcoholic and non-alcoholic beverages producers, including mineral waters. Key growth drivers for the global packaged foods and meats market include the health benefits linked to minimally processed foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. - The Fruit Yogurt Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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