IMARC Group, a leading market research company, has recently releases report titled “Drinkable Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that The study provides a detailed analysis of the industry, including the global drinkable yogurt market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the drinkable yogurt market?
The global drinkable yogurt market size reached US$ 36.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 51.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.15% during 2023-2028.
Drinkable yogurt is a low-viscous beverage made by homogenizing or diluting traditional yogurt. It is commonly available in strawberry, blueberry, banana, cherry, and aloe vera flavors and is manufactured using dairy and non-dairy components. It is an excellent source of calcium, vitamin D, branched-chain amino acids, lean protein, and probiotics. It is usually packed and stored in plastic, glass, and paperboard containers. It enhances gut health, prevents osteoporosis, builds muscles, and strengthens bones. It also helps control appetite by improving the feeling of satiety and fullness, thus promoting weight loss. As a result, drinkable yogurt is gaining immense traction across the globe.
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What are the growth prospects and trends in the industry?
The global drinkable yogurt market is primarily driven by the increasing demand for nutritious food products due to rising health consciousness among consumers. Moreover, the escalating demand for probiotic foods and supplements to improve metabolism, relieve symptoms of irritable bowel syndrome (IBS), reduce antibiotic side effects, and promote digestive health is positively influencing the market growth.
Is drinkable yogurt good for you:
Additionally, the surging adoption of lactose- and sugar-free products that protect consumers from obesity, weight gain, and cardiovascular diseases (CVDs) has augmented the product demand. Besides this, the introduction of innovative and sustainable packaging techniques that enhance product shelf life and facilitate grab-and-go convenience has catalyzed market growth. Furthermore, the launch of drinkable yogurt fortified with plant sterols, omega 3, collagen, and soy isoflavones is contributing to the market growth. Other factors, including the increasing product adoption as a snack or meal replacement, inflating consumer disposable incomes, and shifting inclination toward weight loss and healthier lifestyles, are also anticipated to create a favorable market outlook.
Drinkable Yogurt Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abel & Cole Limited (William Jackson Food Group), Arla Foods Ingredients Group P/S, Chobani LLC, CP-Meiji Co. Ltd., Danone S.A., Dutch Lady Milk Industries Berhad (Royal FrieslandCampina N.V.), Lactel (Lactalis International), Pillars Drinkable Yogurt and Schreiber Foods Inc.
The report has been segmented the market into following categories:
Breakup by Type:
- Plain Yogurt
- Flavored Yogurt
Breakup by Category:
- Dairy-Based Yogurt
- Non-Dairy Based Yogurt
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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