Yogurt Drinks Market

Yogurt Drinks Market Size, Share, Growth (2023-2028)

Yogurt Drinks Market size was at USD 55.7 billion in 2023 and is anticipated to reach an extent of USD 76.32 billion in 2028 , with a CAGR of 6.50%

Yogurt Drinks Market Increased consumer awareness of the health benefits of yogurt drinks is expected to drive growth in the industry during the forecast period. Companies in North America and Asia-Pacific are promoting yogurt as an essential health drink, which is also believed to drive market growth. North America Yogurt Drinks Market is the third-largest market, with a share of 24% in 2019. Across all regions, the Asia-Pacific Yogurt Drinks market is expected to grow at a compound annual growth rate of 6.0% from 2020 to 2025. Europe Yogurt Drinks Market, which ranks second after Asia-Pacific Yogurt Drinks Market, is expected to post a compound annual rate of 4.4% between 2020 and 2026.

Yogurt Drinks Market Overview:

Yogurt drinks have a lower solid content than yogurt and are consumed as a drink with added sugar and fruit-flavored syrups. Yogurt drinks are consumed primarily for the health benefits associated with their consumption. Yogurt Drink is obtained by extracting gluten from the wheat, washing the grain with water until the starch content is completely dissolved, leaving the gluten behind. Live Yogurt Drink is widely used as a substitute for the manufacture of a vegetarian meat substitute known as seitan. Consumer reluctance on the brink of the growing COVID-19 epidemic has led to great uncertainties in consumer demand. Various false messages and rumors on social media have scared consumers and influenced their perception of a variety of foods and beverages, especially animal products. Additionally, government initiatives avoiding mass gatherings as a preventative measure to slow the spread of the coronavirus have also fueled the trend for home-cooked meals among consumers. Restaurants around the world have experienced a drastic reduction in customer traffic, which has directly affected the revenue of catering establishments.

Recent Developments in Yogurt Drinks Industry

1. Zenith Global launched its 2019 food and beverage business M&A database, and the data shows that the previous record of 777 in 2018 was broken once again, at 789, an average of 15 per week. Lactalis and Saputo appeared twice in the best ten offers of the year. April was the busiest month, with ten reported mergers and acquisitions, while May was the quietest, with just one.

2. Yogurt sales have increased 62% in the past five years, reaching $ 893 million in 2016, marking the second consecutive year of double-digit earnings, according to a recent study by Mintel. Greek yogurt has been known as the darling of the sector, but the innovation of the once exotic cultured foo

3. In March 2018, KEEN Growth Capital ("KEEN"), a leading impact mutual fund focused on food and wellness brands announced the acquisition of significant interest in DAHlicious, a maker of organic lassi and probiotic-rich yogurt.

Yogurt Drinks Industry Drivers and Restraints

Increased consumer awareness of the health benefits of yogurt drinks is expected to drive growth in the industry during the forecast period. Companies in North America and Asia-Pacific are promoting yogurt as an essential health drink, which is also believed to drive market growth.

In addition, the companies work with dairy farms to ensure an efficient supply of raw materials for the production of yogurt drinks. Hypermarkets and supermarkets are the main distribution channels for yogurt. However, companies like Nestlé; Dana Dairy Group; Arla, and Ultima Foods Inc. sell their products through retailers such as Carrefour and Walmart. Increased awareness of the downsides of high sugar intake, which leads to conditions like obesity and heart disease, is likely to be a critical factor in the non-fat beverage market. This, in turn, is expected to trigger growth in the yogurt drink market. The opportunity to create a new line of fat-free, low-sugar products has increased due to the growing population of people with diabetes. Yogurt, available in different flavors, is considered a dietary option in many countries. Therefore, various manufacturers are involved in innovation to develop new features to meet the growing demand. The need for packaging for plastic bottles represents a market share of 64.22% in 2016 in terms of turnover. With the change in lifestyle, large numbers of people around the world are turning to move products, which in turn is believed to drive Yogurt Drinks Market growth during the outlook period.

Yogurt makers are likely to incur high costs due to growing environmental concerns related to expensive yogurt beverage packaging processes. To avoid this problem, yogurt manufacturers are working with local dairy distributors to penetrate the market in developing regions. The demand for yogurt drinks in convenience stores is expected to increase in the coming years, supported by the growth in the workforce. These consumers prefer to buy yogurt drinks at convenience stores. Additionally, the convenience store segment is expected to experience rapid growth during the foreseen period due to advances in dairy farms, increased product varieties, and the development of packaging and distribution technologies. Increased consumption of non-dairy beverages is supposed to hamper the growth of the industry. The growing vegan population in regions such as North America and Asia-Pacific is also expected to limit the Yogurt Drinks Market growth.

Yogurt Drinks Industry Report Statistics:

Yogurt Drinks Industry Segmentation:

The Yogurt Drinks market can be divided based on

• Type

• Distribution channel

• Packaging

Regular yogurt accounted for a 34.63% revenue share in 2016. As consumer acceptance of different high-protein flavored yogurts increases, diversified products will see expansion over the forecast period. Also, the advantages this product offers over herbal beverages are expected to further the growth of the industry. Increased awareness of the downsides of high sugar intake, which leads to conditions like obesity and heart disease, is likely to be a key driver for the Yogurt Drinks industry.

The demand for the yogurt drinks industry in convenience stores is expected to increase in the coming years, supported by the growing working-class population. These consumers prefer to buy yogurt drinks at convenience stores. Additionally, the convenience store segment is expected to experience rapid growth during the forecast period due to advances in dairy farms, increased product varieties, and the development of packaging and distribution technologies. Specialty stores sell a variety of exclusive products on their premises, which makes the channel unique and special compared to other modes of distribution. However, specialty stores face strong competition from other distribution channels, as department stores sell yogurt drinks at lower prices.

The demand for plastic bottle packaging represented a market share of 64.22% in 2016 in terms of turnover. With the lifestyle change, a large number of people around the world are opting for mobile products which, in turn, are expected to drive market growth during the conjecture period. Packaging plays a crucial role in consumer purchasing decisions, making manufacturers focus on attractive packaging. With the increasing demand for breakfast to go, plastic packaging could create fierce competition in the tetra pack, as the latter are more inconvenient to transport.

Yogurt Drinks Industry Regional Analysis

The global Yogurt Drink market has been divided by geography into the regions of

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Across all regions, the Asia-Pacific Yogurt Drinks industry is expected to grow at a compound annual growth rate of 6.0% from 2020 to 2025 due to the increase in the price of dairy and the tendency of consumers to change from sugary drinks to healthy drinks. Additionally, the willingness of consumers to spend on healthy snacks has made it easier for manufacturers to innovate and bring a variety of beverages to the Yogurt Drinks industry.

Europe, which ranks second after Asia-Pacific, is expected to post a compound annual rate of 4.4% between 2020 and 2025 in terms of revenue. Increased consumption of dairy and dairy products in the region, especially in developed countries such as the United Kingdom and Germany, is expected to boost demand. There is an increase in the consumption of yogurt drinks for cholesterol treatment and gut health, which is expected to drive the market in developed economies.

North America is the third-largest market, with a share of 24% in 2019. Demand is expected to increase in this region, as yogurt is considered an ideal snack for children, especially in the United States. A change in eating habits and the immediate availability of flavored yogurt are expected to drive market growth during the envisioned period.

The Middle East and Africa region are expected to experience stable demand during the projection period due to low per capita spending on milk and dairy products.

Yogurt Drinks Market Key Players:

• Grupo Lala

• Danone

• FrieslandCampina

• hina Mengniu Dairy

• Bright Dairy

• Bio Green Dairy

• Amul

• Yakult

• Nestle

• General Mills

• Fonterra