Asia Pacific Low Fat Yogurt Market is anticipated to grow at a 11.40% CAGR from 2021-2026 and it is estimated that the Asia Pacific market was valued at USD 4.4 billion in 2021 and is relied upon to achieve USD 7.55 billion by 2026.
Market Overview:
Low-fat yogurt is one of the most frequently consumed yogurt product that is low in calories as well as contains numerous beneficial nutrients as well as probiotics that help in improving the overall health of the individual. Low-fat yogurt contains around twelve grams of protein in an eight-ounce product which provides important amino acids necessary for sustaining muscle tissue. Low-fat yogurt is frequently consumed by individuals who are suffering from diseases like high blood pressure, diabetes or any heart-related problems and people who want to lose weight. It contains 14 milligrams of cholesterol which is also considered an important part of the low-fat diet. Low-fat yogurt is cheaper as compared to conventional yogurt. Probiotics are the live bacteria that are beneficial for the body and are mostly found in low-fat yogurt. Low-fat yogurt is a rich source of protein as compared to conventional yogurt. Low-fat yogurt based food products do not have problems related to blood sugar level as compared to their conventional counter parts.
Drivers:
An increase in the consumer demand for low-fat yogurt and similar products owing to the presence of fewer calories is a key driving factor of the low-fat yogurt market. Rising opportunities in food and beverage industry is also another factor aiding the market growth. Due to a rise in the number of Low-Fat Yogurt-based food products that provide low-calorie content is consequently leading to an increase in the production of Low-Fat Yogurt. An increase in the growth of low-fat yogurt availability in retail stores, online stores, and supermarkets/hypermarkets are some of the other driving factors of the market.
Asia Pacific Low Fat Yogurt Market Segmentation Analysis:
The Asia Pacific market for Low Fat Yogurt is segmented into Origin and Type. On the basis of Origin, it is segmented into Non-Organic and Organic. Non-organic low-fat yogurt is made of artificial flavors, fruits, sweeteners, thickeners, additives, inactive cultures, and stabilizers. Yogurt that is prepared from milk, but which does not adhere to the standards of dairy farming practices set by the various governments globally is also classified as non-organic. These products have a longer shelf life and are relatively cheaper as compared to organic items. On the basis of type, it is segmented into Flavored, Fruit, and Plain. Flavored segment held the largest share in this market segment. Chocolate, vanilla, coffee, and mint are some of the common flavors added for refining the aroma, taste, and texture of the end product. Numerous health benefits accompanying the consumption of organic flavored items are expected to further aid the market growth.
Region Analysis:
On the basis of geography, the market is analyzed under various regions namely India, China, Japan, Australia and South Korea. Asia Pacific is expected to register the highest CAGR in the coming years with a considerable increase in the consumption of dairy items in China, Japan, and India. An increase in the disposable income coupled with a rise in the number of consumers preferring organic products is anticipated to boost the demand in the region. New Zeeland and Australia are among the major suppliers of processed milk in the region. The rising export of dairy products from these countries is expected to propel the industry growth.
Key Players in the Market:
Major key players in the Asia Pacific Low Fat Yogurt Market are
Some of the major companies dominating the market are General Mills Inc., Danone Inc., Nestle S.A., Rainy Lanes Dairy Foods Ltd., Springfield Creamery, Jalna Dairy Foods, Gopala, Wallaby Yogurt Company, Byrne Dairy and Tillamook Dairy Co-Op.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Origin
5.1.1 Introduction
5.1.2 Non-Organic
5.1.3 Organic
5.1.4 Y-o-Y Growth Analysis, By Origin
5.1.5 Market Attractiveness Analysis, By Origin
5.1.6 Market Share Analysis, By Origin
5.2 Type
5.2.1 Introduction
5.2.2 Flavored
5.2.3 Fruit
5.2.4 Plain
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Origin
6.1.3.3 By Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Origin
6.1.4.3 By Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Origin
6.1.5.3 By Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 General Mills Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Danone Inc.
8.3 Nestle S.A.
8.4 Rainy Lanes Dairy Foods Ltd.
8.5 Springfield Creamery
8.6 Jalna Dairy Foods
8.7 Gopala
8.8 Wallaby Yogurt Company
8.9 Byrne Dairy
8.10 Tillamook Dairy Co-Op.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
