Low-fat Yoghurt Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030
Low-fat Yoghurt: Market Outlook
Yoghurt is a good source of probiotics, helps enhance immunity and some key nutrients that are necessary to be incorporated in our daily lives. Owing to its nutrient content like Calcium, Vitamin D, and many more Yogurt has traditionally encompassed in diets. Low-fat yoghurt is made up of 2% milk giving all essential nutrients and cutting off the fat content from traditional yoghurt.
Geographically, North America and Europe are the market leader with the highest consumption rate. With increasing awareness and number of brands offering low-fat yoghurt, Asia-Pacific is expected to witness a high growth rate in the forecast period, as the region has a large potential consumer base that is currently consuming yoghurt.
Rising concerns of diseases that are un-traceable on the consumption of GMO food products, consumers are inclined towards organic products. As a result, organic low-fat yoghurt is expected to witness significant growth in the short term forecast period
Changing Consumer Preference Bolstering Market Growth
Consumer preference and behavior has changed dramatically in the last decade as they are preferring healthy that is encouraging them to buy products like low-fat yoghurt. This changing preference of consumer has led to increasing frequency of product launch with innovation such as introduction of exotic fruity flavor.
The inclination of consumers towards a healthier diet and careful selection of ingredients will be a crucial driving force for the global low-fat yoghurt market. As the number of products for low-fat yoghurt increases, the consumer will be differentiating and selecting a product according to the taste, flavor, and texture.
Low-fat Yoghurt also consumed as a healthy on-the-go snack, and consumption is increasing as a large population is living a sedentary lifestyle. Low-fat Yoghurt with different flavors consumed as a dip and even drink. Recipes surfacing on social media influence the population to try and personalize the recipe. Hence, due to various applications all the flavor, whether fruit, tangy or unflavoured all will have a considerable demand.
Low-fat Yoghurt: Market Segmentation
Based on Nature, Low-fat Yoghurt Market can be segmented as:
Based on Flavors, Low-fat Yoghurt Market can be segmented as:
Based on Source, Low-fat Yoghurt Market can be segmented as:
Key Players of Global Low-fat Yoghurt Market
General Mills, Nestle, Danone, Yakult Honsha, Chobani, Kraft Foods Groups, Ultima Foods Inc., Muller UK & Ireland Group LLP, Brookside Dairy Limited, Jesa Farm Dairy, and more are some of the key players of the Global Low-fat Yoghurt Market.
Challenging and Stiff Competition among Key Players
Manufacturers are actively responding to the changing preference and needs of the consumer by producing low-fat yoghurt. Constant innovation is very important for the market players as there are many other manufacturers producing low-fat yogurt at the same level. For consumers to differentiate and select their products, manufacturers have to create a novel value in the product. These values are created as consumers need and are identified and addressed.
As the vegan population is rising globally, it is important to address the vegan population. For the same, manufacturers are producing vegan low-fat yoghurt, with soy, pea, and coconut milk as the source. Manufacturers are trying to match the nutrient value content in dairy low-fat yoghurt and vegan low-fat yoghurt.
Manufacturers like Nestle, are promoting the low-fat yoghurt by showcasing and suggesting various novel easy-to-cook recipes. These recipes encourage the consumer to buy and give freedom to personalize the food according to personal preference. This strategy of Nestle satisfies both consumers as well as manufacturers by increasing sales of the low-fat yoghurt.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report