Low Fat Yogurt Market – Global Industry Analysis and Forecasts 2030

Low Fat Yogurt Market was valued at US$ 14.30 Bn. in 2023 and is expected to reach at US$ 28.94 Bn. in 2030. The Global Low Fat Yogurt Market size is estimated to grow at a CAGR of 10.6% over the Forecast Period.
Low Fat Yogurt Market Overview:
The report explores the Low Fat Yogurt market's segments (Flavors, Distribution Channel and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Low Fat Yogurt market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Low Fat Yogurt market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Low Fat Yogurt Market Dynamics:
Major considerable factors responsible for the boost in the organic low-fat yogurt market are the increasing consumption of genuine, original, and natural products which reduce the risk of health problems such as blood pressure, and diabetes. Various body implications and lifestyles conditions arise after consuming fatty foods. Hence, consumers have started making healthy choices such as low-fat dairy products and beverages. Thus, the innovation in the yogurt converting it into low-fat yogurt form is catching up rapidly trend and making it the popular choice among consumers.

Experts recommended that low-fat yogurt inlet provides the exact amount of protein and also limits excess calories and doesn't let cholesterol rise. These yogurts are more cost-effective as compared to others, also their demand is immense because it reduces heart-related risks. For example- 1 cup or 245gram of low-fat yogurt contains 31gm sugar levels as much as the 190gram of banana pudding.

Increasing the number of launches of modified flavors on low-fat yogurt on a global basis and adopting major strategies for the promotional for the popularity of these products will lift the market as per the forecasting period.

Low Fat Yogurt Market Challenges:

The major pitfall for the growth of low-fat yogurt is non-organic foods, it provides artificial equilibrated, additives and sweeteners. These major challenges of low-fat yogurt are rising health issues like it might weaken the immune system because their live bacteria might produce unchecked illness.

According to the reports of Brooke Glazer, RDN Nutrition consultant says frequent use of low-fat yogurt might improve the risk for cardiovascular for the low blood pressure consumers, also considering the added sugar consumption of 25gm for females and 37gm for males need to keep eye on.

Low Fat Yogurt Market Trends:

Low-fat yogurt is in trend for several reasons such as the health benefit it provides to the consumers after the COVID-19 consumers are shifting those foods & beverages which have organic or natural components in the products, less added sugar which reduces the risk of several illnesses. Low-fat yogurt is less costly and contains 150 calories per cup with 3.8gm of fat, 172mg of sodium, and only 15mg of cholesterol. Organic low-fat yogurt uses fruits, flavors, and milk. It also has live bacteria for the process of fermentation.

COVID-19 Impact-

Amid the COVID-19 crisis, the global market for low-fat yogurt is estimated at the US $10.6 in the year 2023. When we look at the eating habits of the population changed, because of these pandemics. As many communities looking for ways to minimize the risk of COVID-19 and boost the immune system, thus the yogurt market grows rapidly but in plain yogurt, there is added sugar which has several complications, then they are shifting toward the low-fat yogurt.

A scientific study states that the number of respiratory infections and flu-like symptoms in the population was reduced by consuming probiotic-rich yogurt (low-fat yogurt). These various types of studies lift the global low-fat yogurt market. The low-fat yogurt market is continuously supporting the health community by providing their nutritional needs and trying to elevate the health of communities during COVID-19 & beyond.

Low Fat Yogurt Market Segment Analysis:

Based on Flavors, the Global Low Fat Yogurt Market is segmented into Flavour-Vanilla, strawberry, mango, and others. The low-fat yogurt category is continuously growing as consumers across the world reaching for probiotic foods to support their health and adding flavors to the market made the top driver for consumers to choose the low-fat yogurt as per their choice. Fruit flavors are the most driven and popular by far, more than two-thirds of companies launch flavors globally in the year between 2023-and 2024. For spoon-able low-fat yogurt, strawberry is the leading flavors in global new product in the market and strawberry is also a top driver in terms of drinkable yogurts at 8%, followed by vanilla at 4%, peach at 3%, and mango at 2%.

Reasons for having the strawberry dominance in these markets is because strawberries have many other nutrients, minerals, and vitamins that contribute to overall health. These include folate, potassium, dietary fiber, and magnesium.

Based on Distribution Channel:

The global low-fat yogurt market is segmented into convenience stores, online retailers, specialty stores, departmental stores, and others. The most dominant place for selling the low-fat yogurt is the departmental stores because here is there their collection all types of age groups gathered and attracts towards the strategy of promotion of product and easy to provide various varieties of flavors to customers in a single bench and covers a huge area of customers, in a survey, it mentioned that 25% increase of the product placed at the departmental stores and apart from these other preferable market is online retail because after the pandemic, 15% of the global population preferring towards online stores.
Low Fat Yogurt Market Regional Insights:
The low-fat yogurt market is divided into major regions like North America, Asia Pacific, South America, Middle East and Africa, and Europe.

The yogurt market is dominated by the Asia Pacific with 39% market share in 2023, and is also expected to flourish significantly through the forecasted period. The region’s growth is attributed to the rising demand for low-fat yogurt in countries like China, Japan, and India. In China, of the total population, around 83% of the Chinese population consume yogurt and in developing countries like, India led to spending on premium food items.

North America is anticipating this industry by consuming the innovative product of low-fat yogurt like low-fat yogurt drinks, Greek yogurts, etc, and coming to Europe, their per capita already contributing towards these industries due to their eating habits and lifestyle but low-fat yogurt letting them consume their products.

The objective of the report is to present a comprehensive analysis of the global low-fat yogurt market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Low Fat Yogurt Market dynamic, and structure by analyzing the market segments and projecting the Market size.
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Global Low Fat Yogurt Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 14.30 Bn.


Forecast Period 2024 to 2030 CAGR:
10.6%
Market Size in 2030:
US $ 28.94 Bn.


 Segments Covered:
by Flavors
Strawberry
Vanilla
Mango
Others


by Distribution Channel
Convenience stores
Supermarkets
Online retailers
Specialty stores
Departmental stores
Others



Low Fat Yogurt Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Low Fat Yogurt Market, Key Players are:
Wallaby Yogurt Company
Byrne Dairy
Jalna Dairy Foods
Rainy Lanes Dairy Foods Ltd.
Danone Inc.
General Mills Inc.
Gopala
Tillamook
NANCY'S
Nestle
Danone
Yakult Honsha
Chobani
Kraft Foods Groups
Ultima Foods Inc.
Muller UK & Ireland Group LLP
Brookside Dairy Limited
Bright Dairy and Food
Jesa Farm Dairy

Frequently Asked Questions:

1] What segments are covered in the market report?
Ans. The segments covered in the market report are based on the Flavors and Distribution Channel.

2] Which region is expected to hold the highest share in the market?
Ans. The Asia Pacific region is expected to hold the highest share in the market.

3] What is the market size of the market by 2030?
Ans. The market size of the market by 2030 is expected to reach nearly US$ 28.94 Bn.

4] What is the forecast period for the market?
Ans. The forecast period for the market is 2024-2030.

5] What was the market size of the market in 2023?
Ans. The market size of the market in 2023 was valued at US$ 14.30 Bn.