Low-Fat Yogurt Market Global Trends, Key Vendors, Drivers, Profits & Analysis by Forecast to 2023
Market Overview:
Low-fat yogurt is a dairy product, which is prepared from fruits, sweeteners, artificial flavors, thickeners and stabilizers. These yogurts have low-fat content with enhanced taste and smell. The most frequently used bacteria for yogurt preparation are Lactobacillus delbrueckii and Streptococcus thermophiles. It serves as a better alternative to plain yogurts owing to high amount of vitamins, minerals, and carbohydrates.
Growing health conscious population and their awareness towards cardiac health are increasing the low-fat dairy products market growth. Also, health benefits connected with the consumption such as regulation of hypertension, high blood cholesterol, and weight management have strengthened the use of low-fat yogurt in the dairy industry. Additionally, increasing preference for organic dairy products has surged the demand for low-fat yogurt in the global market.
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Downstream Analysis:
Low-fat yogurt is segmented on the basis of type, which includes flavored, plain, organic, fruit, and others. The fruit made low-fat yogurt is dominating in this segment followed by organic. The most commonly used fruit for preparation of low-fat yogurts is strawberry, apple, mango, cherry, blueberry, peach, and banana. Furthermore, the demand for organic low-fat yogurt is experiencing a high growth owing to consumer shift towards green label products.
On the basis of the distribution channel, the market is segmented into the store-based: convenience store, supermarkets & hypermarkets, specialty retailers, others and non-store based distribution channel. The store-based distribution channel is dominating the market. In this segment, the convenience store is leading the market followed by specialty retailers owing to ease of product availability.
Major Key Players:
The major players in low-fat yogurt market
- General Mills, Inc. (U.S.)
- Nestle S.A. (Switzerland)
- Jalna Dairy Foods Pty. Ltd. (Australia)
- Danone, Inc. (Canada)
- Byrne Dairy Inc. (U.S.)
- Jalna Dairy Foods Pty. Ltd. (Australia)
- Rainy Lanes Dairy Foods Ltd (U.K)
Regional Analysis:
The global low-fat yogurt market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the global low-fat yogurt market followed by North America. The U.K and Germany are the leading consumers of low-fat yogurt owing to increasing awareness about the gut health benefits of consuming low-fat yogurt. Additionally, high demand for low-calorie and low-fat food in the dairy industry is considered to be the key driving factor in this region.
Intended Audience
- Low-fat yogurt manufacturers
- Raw material suppliers
- Dairy product manufacturers
- Food and beverage industry
- Retailers and wholesaler
- E-commerce industry
- Traders, importers, and exporters
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