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Yogurt Drinks Market by Type (Flavored, Fat-Free, Regular), by Distribution Channel (Specialty Store, Convenience Store, Hypermarket/Supermarket and Online), By Packaging (Tetra Pack and Plastic Bottle), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2020-2025
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Increased consumer awareness drives growth in the Global Yogurt Drinks Market Global Yogurt Drinks Market estimated to cross USD 44 billion by the end of 2025 Asia Pacific to record the highest growth rate in the Global Yogurt Drinks Market Global Yogurt Drinks Market overview: Global Yogurt Drinks Market was valued at USD 31.65 billion in 2018 and is projected to reach USD 44.45 billion by 2025, at a CAGR of 4.89% from 2018 to 2025. Yogurt drinks have a lower solids content than yogurt and are consumed as a drink with added sugar and fruit syrups. Recent developments: In March 2018, KEEN Growth Capital ("KEEN"), a leading impact mutual fund focused on food and wellness brands, announced the acquisition of a significant stake in DAHlicious, a manufacturer of organic lassi and probiotic-rich yogurt. Wessanen, an organic food multinational, and the owners of Abbot Kinney's signed and finalized the acquisition of Abbot Kinney's by Wessanen. View Full Report @ https://www.marketdataforecast.com/market-reports/yogurt-drinks- market Market Drivers and Restrains: Increased awareness among consumers about health benefits of yogurt drinks is likely to promote growth in the worldwide market over the outlook 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. This, in turn, is supposed to trigger growth in the global 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. Therefore, various manufacturers are involved in innovation to develop new features to meet the growing demand. With the change in lifestyle, a large number of people around the world are switching to change products, which in turn is supposed to drive the growth of the market during the outlook period. Yogurt makers are likely to incur high costs due to growing environmental concerns associated with expensive yogurt beverage packaging processes. To avoid this problem, yogurt makers are working with local dairy distributors to penetrate the market in developing regions. Demand for drinkable yogurt at convenience stores is supposed to increase in the coming years, supported by the growth in the workforce. Also, the convenience store segment is likely to experience rapid growth during the outlook period due to advances in dairy farms, increased product varieties, and the development of packaging and distribution technologies. Market Segmentation: The market for Yogurt Drinks has been mainly segmented into flavored and unflavored. Increasing consumer demand for higher sensory intensity has led to a significant market for flavored yogurt drinks. Strawberry, vanilla, and coconut are among the list of flavor segments that capture the attention of most consumers. The growth of the flavor segment can also be attributed to the development of organic flavors that enhance the nutritional content of the beverage. By origin, yogurt drinks are segmented into dairy and non-dairy. Dairy products are the traditional and most important segment of the market. However, dairy-free drinkable yogurt is on the rise, and consumer interest is shifting towards vegan foods. Supermarkets and hypermarkets have become the main channel for the sale of drinkable yogurts with a share of almost 40% in terms of sales value in 2018. Download Sample Report @ https://www.marketdataforecast.com/market-reports/yogurt- drinks-market/request-sample Impact of COVID-19 on Yogurt Drinks Market Consumer reluctance on the brink of the growing coronavirus pandemic has created 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 drinks, especially animal products. Additionally, government initiatives avoiding mass gatherings as a preventative measure to slow the spread of the coronavirus have also driven 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 billing of catering establishments. Geographical Segmentation: The global yogurt drinks market has been geographically divided into North America, Asia Pacific, Europe, Latin America, Middle East and Africa regions. Across all regions, the Asia Pacific 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 products and the tendency of consumers to change from sugary drinks to healthy drinks. Additionally, consumers' willingness to spend on healthy snacks has made it easier for manufacturers to innovate and bring a variety of beverages to the industry market. 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 UK 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 foreseen to drive the market in developed economies. Demand is expected to increase in this region, and 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 estimated to drive market growth during the period considered. The MEA region is estimated to experience stable demand during the projection period due to low per capita spending on milk and dairy products. Key market players: The main players in the global yogurt drinks market are Grupo Lala, Danone, FrieslandCampina, China Mengniu DairyFlora ProActiv, Bright Dairy, Bio Green Dairy, Amul, Yakult, Nestle, General Mills, Fonterra and many more. Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/