The Drinking Yogurt Market is Predict to reach USD 58.2 Billion by 2030, at a CAGR of 6.1%

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Drinking Yogurt Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Drinking Yogurt Market size is expected to reach $58.2 billion by 2030, rising at a market growth of 6.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,856.0 million litres, experiencing a growth of 6.2% (2019-2022).

The Dairy Based segment is leading the Global Drinking Yogurt Market by Type in 2022; thereby, achieving a market value of $52.5 billion by 2030. Although dairy-based yogurt is commonly produced using cow's milk, alternative milk sources include sheep's, goat's, or buffalo. The popularity of high-protein diets among consumers, especially those focused on fitness and health, has increased demand for protein-rich foods like yogurt. Dairy-based yogurt is naturally rich in protein, making it a popular choice for those seeking to increase their protein intake. Moreover, dairy-based yogurt is a versatile ingredient and can be used in various culinary applications. It can be enjoyed on its own, used as a topping or dip, added to shakes or smoothies, or used in cooking and baking to add creaminess and tanginess to dishes.

The Tetra Pack segment is showcasing a CAGR of 6.9% during (2023 - 2030). Tetra packs are food containers that offer a lightweight, environmentally favorable, and simple-to-manage packaging alternative for consumers. Products enclosed in tetra packets experience an extended shelf life and reduced scent loss. It safeguards yogurt beverages against pathogens, bacteria, viruses, and other naturally occurring degradation agents that may be hazardous, thereby extending their shelf life and preserving their quality and freshness. This packaging format is becoming more prevalent among manufacturers and suppliers of commodities.

The Flavored segment is generating the highest revenue in the Global Drinking Yogurt Market by Flavor in 2022; thereby, achieving a market value of $38.9 billion by 2030. The majority of individuals who ingest yogurt are more inclined towards flavored varieties. The predominant characteristic of flavored yogurt beverages is their sweetness, which enhances their palatability and mitigates the sourness that might deter consumers and contribute to expanding the drinking yogurt market. Although flavored yogurt drinks are designed for a wide range of age groups, they are primarily targeted towards children due to their potential to promote early adoption of healthful beverage consumption and contribute to overall health improvement.

The Convenience Stores segment is registering a CAGR of 5.8% during (2023 - 2030). Convenience stores have emerged as a vital distribution channel for yogurt products, particularly drinkable yogurt. These smaller neighborhood stores offer a quick and easy shopping experience, catering to busy individuals looking for on-the-go options. Drinkable yogurt fits perfectly into the convenience store model, as it is often marketed as a portable snack or quick breakfast. The advantage of convenience stores lies in their extended operating hours, making yogurt accessible at any time of the day. The single-serve nature of drinkable yogurt aligns well with the grab-and-go mentality of convenience store shoppers. Additionally, convenience stores are strategically located in residential areas, making them easily accessible for impromptu purchases.

Full Report: https://www.kbvresearch.com/drinking-yogurt-market/

The Asia Pacific region dominated the Global Drinking Yogurt Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $22.5 billion by 2030. The Europe region is experiencing a CAGR of 5.7% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 5.9% during (2023 - 2030).

List of Key Companies Profiled

Drinking Yogurt Market Report Segmentation

By Type (Volume, Million Litres, USD Billion, 2019-2030)

Dairy Based
Non Dairy Based

By Packaging (Volume, Million Litres, USD Billion, 2019-2030)

Bottles
Tetra Pack

By Flavor (Volume, Million Litres, USD Billion, 2019-2030)

Flavored
- Chocolate
- Vanilla
- Berries
- Mango
- Others
Plain

By Distribution Channel (Volume, Million Litres, USD Billion, 2019-2030)

Supermarkets & Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

By Geography (Volume, Million Litres, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA