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Global Probiotic Yogurt Market it is anticipated to reach at market value of US$ 22 Bn by 2027
Bizizz Market Research has recently published a research report, “Probiotic Yogurt Market By Product Type (Drinkable Probiotic Yogurt and Spoonable Probiotic Yogurt), Source (Animal-based, Plant-Based (Soy Milk Almond Milk Coconut Milk Others)), by Sales Channel(Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retailers, Wholesalers, Grocery Stores and Other Retail Formats), by fat content(Regular/Whole Milk, Low Fat and Fat-Free) By nature (Organic and Conventional), Flavor (Regular/ Unflavoured, Flavoured (Vanilla Strawberry Blueberry Peach Others)) Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Probiotic Yogurt Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 22 Bn by 2027, witnessing a CAGR of 6.4 % during the forecast period. Key drivers of the market are rising awareness on the health benefits of probiotic yogurt along with its consideration as a healthy snack by customers. However, may hinder the growth of the market during the forecast period.
Constant intake of probiotics eliminates the growth of harmful bacteria in digestive tract, leading to an enhanced absorption of nutrients and the movement of the intestines. Probiotic yogurt supports in the reduction of the risk associated with type 2 diabetes and colorectal cancer. Rising health awareness and an advanced lifestyle have raised the consumers ' preference towards consumption of probiotic yogurt for health benefits. A probiotic yogurt is a considerable preference that has various health benefits and is present in many different forms to satisfy the consumers.
The Probiotic Yogurts market is anticipated to register a CAGR of over 6.4% during the forecast period.
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By Product/ Application, Hyper and super markets segment held a key share in Global Probiotic Yogurts Market in 2018.
The Hyper and super markets segment is projected to have a significant share in the market because of its reach and easy accessible to the customers. These means of purchasing do offer convinence to the customers for choosing variety of these products had plunged the market demand of these probiotic yogurts in the recent years.
North America is Anticipated to Dominate the Global Probiotic Yogurts Market during the Forecast Period.
It is anticipated to have a greater market demand in the North American region because of the increased awareness among the customers by the intake of probiotic yogurts. A rise in the consumption of the probiotic yoghurt is high in the US that is led by the Canada is a prominent factor for the growth of probiotic yoghurt in the recent years.
Global Probiotic Yogurts market was highly fragmented among the number of local and global players. It is supported by an increased changing customer demand in the recent years for the healthy food has propelled the growth of companies in the probiotics yogurts in the recent years.
Prominent players operating in the Global Probiotic Yogurts Market are: Nestle, Chobani, Yoplait. Dannon, among others.
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