Market-Overview
The global Low-Fat Yogurt Market Size is likely to spur at a most lucrative CAGR during the forecast period owing to increasing consumption of the product globally. Low-fat yogurt is generally manufactured with natural and artificial flavors, thickeners, and stabilizers. With the newer techniques of manufacturing low-fat yogurt are enhancing its shelf life, taste, and smell. Also, it improves the nutritious content of the low-fat yogurt including minerals, vitamins, and carbohydrates.
Increasing people with health conditions such as hypertension, obesity, and blood cholesterol coupled with increasing consumption of dairy products for its nutrient content is benefiting growth of the global market. Additionally, increasing demand for low-fat dairy products and health consciousness among people are fueling growth of the global Low-Fat Yogurt Market Size.
However, lack of awareness about usage of bacterial culture during the yogurt manufacturing and awareness about their potential hazard may hinder the Low-Fat Yogurt Market Size during the estimated time frame. Nonetheless, inclination toward the consumption of healthy diet is estimated to offer opportunities for growth of the low-fat yogurts market during the estimated time frame.
Key Players
Some of the major companies in the global Low-Fat Yogurt Market Size include Danone, Inc., General Mills, Inc., Jalna Dairy Foods Pty. Ltd., Nestle S.A., Byrne Dairy Inc., Rainy Lanes Dairy Foods Ltd, and Jalna Dairy Foods Pty. Ltd.
Market Segmentation:
The Low-Fat Yogurt Market Size is segmented on the basis of type, distribution channel, and region.
The Low-Fat Yogurt Market Size is segmented on the basis of type, the market is segmented into fruit, plain, flavored, organic, and others. Among these, the fruit-based low-fat yogurt dominated the global market for low-fat yogurt followed by organic segment. The fruits such as strawberry, mango, apple, cherry, blueberry, and banana are generally used for the fruit-based and organic low-fat yogurt.
On the basis of distribution channel, the market is segmented into the store-based and non-store-based distribution channel. Of these, the store-based channel is segmented into convenience store, specialty retailers, supermarkets & hypermarkets, and others. Of these, the store-based distribution channel dominated the overall market for low-fat yogurt and is estimated to remain dominant during the forecast period. The specialty retailer’s segment is estimated to follow the store-based segment owing to ease of product availability. However, increasing Internet penetration is fueling non-store-based distribution-channel segment and is estimated to witness fastest growth during the forecast period.
Access Report @ https://www.marketresearchfuture.com/reports/low-fat-yogurt-market-4888
Regional Analysis
Regionally, the Low-Fat Yogurt Market Size is segmented into the North America, Asia Pacific, Europe, and rest of the world (RoW). Of these, Europe dominated the global market followed by North America. Growth of these regions is attributable to the increasing consumption of the yogurt in these countries and especially the low-fat yogurt is increasing owing to its health benefits. This consumption is likely to be same in coming future as the demand for low-calorie and low-fat food is increasing substantially from these regions. Further, the increasing consumer awareness coupled with demand for low-fat yogurt is increasing in the developed countries are driving growth of the global Low-Fat Yogurt Market Size.
However, the Asia Pacific is estimated to be fastest growing region in the coming years owing to increasing awareness about health in the region. Additionally, robust population of the region coupled with increasing disposable income in the developing countries such as India and China are driving growth of the global Low-Fat Yogurt Market Size.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
It serves as a better alternative to plain yogurts owing to high amount of vitamins, minerals, and carbohydrates.Market Forecast:Growing health conscious population and their awareness towards cardiac health are increasing the low-fat dairy products market growth.
Additionally, increasing preference for organic dairy products has surged the demand for low-fat yogurt in the global market.Increasing prevalence of obesity, hypertension, and high blood cholesterol due to high fat intake from milk and dairy products has intensified the demand for the low-fat and low-calorie product in the dairy industry.
However, lack of the awareness regarding the use of bacterial culture in yogurt preparation and their potential hazard to the health may hinder the market growth over the forecast period.
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.Competitive Analysis:The major players in low-fat yogurt marketDanone, Inc. (Canada)General Mills, Inc. (U.S.)Nestle S.A. (Switzerland)Jalna Dairy Foods Pty.
