Published: Dec, 2017
Some of the key players in the global market for organic yogurt include names such as BJ’s Wholesale Club, Stonyfield Farm Inc., Whole Foods Market, Safeway Inc., Purity Foods Inc., Wallaby Yogurt Company Inc., Aurora Organic Dairy, Ben & Jerry’s Homemade Inc. Horizon Organic Holding Corp, and Kroger Co. among others. The companies in the market are constantly trying to outpace each other in terms of revenue and business. For the same, the key players in the market are now indulging into strategic business activities such as mergers and acquisitions, partnerships, and joint ventures in order to enhance their overall market presence.
The global organic yogurt market is expected to reach an overall market valuation worth US$15.5 bn by the end of the given forecast period in 2022. This growth of the global market is expected to be achieved with the help of an impressive CAGR of 13.1% over the course of the same forecast period.
From a regional point of view, the market in Europe for organic yogurt is expected to be highly lucrative. The overall valuation of Europe market is expected to reach nearly US$ 4.9 bn by the end of year 2022 owing to the presence of several prominent yogurt manufacturers coupled with favorable market conditions and innovations.
In terms of channels of distribution, the global market is expected to be dominated by specialty sotes. On the other hand, flavored yogurt segment is expected to show promising growth with a CAGR of 16.6% over the course of the given forecast period.
Health Advantages of Organic Yogurt to Drive Market Growth
Organic yogurt is one of the good sources of vitamins, fats, carbohydrates, and proteins along with several minerals. It is thought to be a super food thanks to its huge advantages associated with health. It can be manufactured from either goat milk or cow mil. When made from cow milk, the nutritional value offered is enhanced even more.
Organic yogurt is one of most widely consumed products across the globe. One of key reasons for this growth in consumption of organic yogurt is the growing awareness about its advantages related to one’s health. In addition to this, it is readily available in multiple forms and can be reached by the end used with the help of different channels of distribution such as online stores, specialty store, and grocery stores among others. It helps the human health in many different ways. It improves the digestion of the body, cuts down the chances of a type 2 diabetes, aids in the enhancing density of bones, assists in avoiding osteoporosis, cuts down the possibility of colorectal cancer, helps in reducing weight and bad fat, regulates the mood, helps in improving the immunity of the body, and has a high potential in cutting down chronic pain and also help in functioning of brain. These numerous benefits of organic yogurt have tapped the market across the globe and are thus triggering a higher percentage of consumption of organic yogurt and thus driving the overall development of the global market.
Rise in Production Cost to Impede Market Growth
However, there are some factors that might negatively impact the overall growth of the global market over the coming years. One of the key restraining factors is the rise in the overall production cost of organic yogurt. This is expected to pose a threat to the development of market in coming years.
This review is based on the research report by Transparency Market Research titled, “Organic Yogurt Market (Product Type - Plain Yogurt, Flavored Yogurt; Distribution Channel - Specialty Stores, Modern Trade, Convenience Stores, Traditional Grocery Stores, Online Store, Other Distribution Channel; Form Type - Spoonable Yogurt, Drinkable Yogurt) - Global Industry Analysis, Share, Size, Growth, Trends and Forecast 2017 - 2022”
- Plain Yogurt
- Flavored Yogurt
By Distribution Channel:
- Specialty Stores
- Modern Trade
- Convenience Stores
- Traditional Grocery Stores
- Online Store
- Others Distribution Channels
By Form Type
- Spoonable Yogurt
- Drinkable Yogurt
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