North America Low Fat Yogurt Market

North America Low Fat Yogurt Market Growth and Forecast (2023 - 2028):

North America Low Fat Yogurt Market is anticipated to grow at a 10.08% CAGR from 2023 - 2028 and it is estimated that the North America market was valued at USD 6.29 billion in 2022 and is relied upon to achieve USD 10.16 billion by 2028.

Market Overview:

Low-fat yogurt is one of the most frequently consumed yogurt product that is low in calories as well as contains numerous beneficial nutrients as well as probiotics that help in improving the overall health of the individual. Low-fat yogurt contains around twelve grams of protein in an eight-ounce product which provides important amino acids necessary for sustaining muscle tissue. Low-fat yogurt is frequently consumed by individuals who are suffering from diseases like high blood pressure, diabetes or any heart-related problems and people who want to lose weight. It contains 14 milligrams of cholesterol which is also considered an important part of the low-fat diet. Low-fat yogurt is cheaper as compared to conventional yogurt. Probiotics are the live bacteria that are beneficial for the body and are mostly found in low-fat yogurt. Low-fat yogurt is a rich source of protein as compared to conventional yogurt. Low-fat yogurt based food products do not have problems related to blood sugar level as compared to their conventional counter parts.

Drivers:

An increase in the consumer demand for low-fat yogurt and similar products owing to the presence of fewer calories is a key driving factor of the low-fat yogurt market. Rising opportunities in food and beverage industry is also another factor aiding the market growth. Due to a rise in the number of Low-Fat Yogurt-based food products that provide low-calorie content is consequently leading to an increase in the production of Low-Fat Yogurt. An increase in the growth of low-fat yogurt availability in retail stores, online stores, and supermarkets/hypermarkets are some of the other driving factors of the market.

North America Low Fat Yogurt Market Segmentation Analysis:

The North America market for Low Fat Yogurt is segmented into Origin and Type. On the basis of Origin, it is segmented into Non-Organic and Organic. Non-organic low-fat yogurt is made of artificial flavors, fruits, sweeteners, thickeners, additives, inactive cultures, and stabilizers. Yogurt that is prepared from milk, but which does not adhere to the standards of dairy farming practices set by the various governments globally is also classified as non-organic. These products have a longer shelf life and are relatively cheaper as compared to organic items. On the basis of type, it is segmented into Flavored, Fruit, and Plain. Flavored segment held the largest share in this market segment. Chocolate, vanilla, coffee, and mint are some of the common flavors added for refining the aroma, taste, and texture of the end product. Numerous health benefits accompanying the consumption of organic flavored items are expected to further aid the market growth.

Region Analysis:

On the basis of geography, the market is analyzed under various regions namely U.S. and Canada. North America held the largest share of the market in terms of revenue. The demand for the product is mainly driven by the North America players present in Western European countries. Favorable government regulations and removal of milk quota in the European region are expected to boost the regional demand in the coming years. The North American market is mainly driven by the rising consumption of low-fat dairy items in the U.S. A large number of regional players is present in the U.S. These players are trying to introduce new flavors to increase their market share.

Key Players in the Market:

Major key players in the North America Low Fat Yogurt Market are

General Mills Inc., Danone Inc., Nestle S.A., Rainy Lanes Dairy Foods Ltd., Springfield Creamery, Jalna Dairy Foods, Gopala, Wallaby Yogurt Company, Byrne Dairy and Tillamook Dairy Co-Op.