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Europe Yogurts Market By Category (Dairy-Based, and Non Dairy-Based), by Type (Plain, and Flavored); by Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail and Others), and By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 3659
Pages: 145
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Europe yogurts Market Growth and Forecast (2022 - 2027):

The Europe Yogurts Market is likely to develop at a CAGR of 3.2% during the estimated time frame (2022 - 2027).

Market Overview:

Yogurt is a spooky food, often sweetened or flavored, prepared by homogenizing and fermenting sterilized milk. It is consumed in beverages, snacks, meal replacements, desserts, high-protein sports drinks, and many other forms. The ever-increasing product launches are the diversity, increased awareness and availability of new and innovative yogurt flavors on the market. The interest in yogurt is improved by the accessibility of various flavors. Organizations are attempting to try different things with different blend of flavors to take into account the developing interest for advancement. Some yogurt items are stuffed with so much sugar and natural or artificial sweeteners that the degree of sugar in soda and pieces of candy with yogurt are same. Customary yogurt producers utilize artificial sweeteners aspartame of which brain tumor and neurological illnesses are some side effects. Regular yogurt is a popular category, owing to its low price and widespread availability. They are readily available in retail shelf space across online and offline retail channels. According to a survey conducted recently, approximately forty five percent of purchasers had their breakfast as the time of day they usually consume regular yogurt products. Drinking yogurt is able to ideally meet consumer's three key product demands such as health, mobility, and convenience. As a practical substitute to yogurt cups and spoons, yogurt drinks come in closable carton packs or are given with a convenient drinking straw, that make it an ideal snack for busy people, a replacement breakfast, or the healthy in-between meal snack.

Market Drivers:

Europe has a high populace of wellbeing conscious shoppers as a result of the expansion in familiarity with celiac disease among purchasers, yet since there is no specific drug accessible for this disease, a growth in demand for gluten free items has been driving the market for items, for example, Greek yogurt. Gluten free Greek yogurt additionally assists with stomach related medical conditions, managing of weight and has high protein content. Because of numerous medical advantages, the market for Greek yogurt in Europe is extending at a CAGR of 8%. The high risk of digestive disorders increases the demand, for probiotic foods, across many consumer groups in Europe. Yogurt, in both eatable and drinkable form and in different flavors, is the most preferred among the probiotic food. Increasing disposable income coupled with changes in consumer eating habits is expected to drive demand in the Europe Yogurts Market in the near future. It is also expected to fuel the growth of the yogurt market as people's awareness of the benefits of yogurt increases, such as containing good bacteria or probiotics that boost the immune system, supply calcium, and contain good bacteria or probiotics that help fight constipation and diarrhea. A key factor driving the Europe Yogurts Market growth is the launch of new products that help increase supplier revenue streams and expand their consumer base. The health benefits associated with eating yogurt include a reduced risk of type 2 diabetes, healthy digestion, prevention and treatment of osteoporosis, prevention of colon cancer, improvement of the immune system, loss of weight and fat, high blood pressure and reduction of bad cholesterol. Furthermore, the increased availability of flavored yogurt, especially in developing countries, is expected to be an important factor supporting the growth of the ice cream and frozen dessert market during the forecast period. The Europe market for yogurt is largely driven by increased people's awareness of the health benefits associated with yogurt consumption and weight loss. Other factors supporting market growth include the expansion of retail markets in various regions and low lactose content for lactose intolerant people who want to eat dairy products. Many of the major players in the market offer frozen yogurt with non-dairy ingredients, as there is a high demand for lactose-free yogurt among lactose-intolerant consumers. Demand for low-fat and fat-free yogurt is increasing among health-conscious consumers around the world, driving the market for Europe Yogurts Market. Frozen yogurt is available to consumers in supermarkets and specialty stores, and can also be purchased online. These factors are expected to drive the growth of the Europe yogurts market during the evaluation period. Consumers have several options to choose from, as there are yogurt in different flavors on the market, including vanilla, strawberry, chocolate, mango, honey and almonds, blueberries, raspberries, and more. This factor is also influencing the growth of the frozen yogurt market globally. The growing demand for yogurt in developing countries, driven by increased disposable income and increased health awareness, is expected to provide numerous opportunities for the development of the Europe yogurts market.

Restraints:

Additives and artificial ingredients added to yogurt and the treatment of harmful hormones in dairy cows can limit people's yogurt intake.

Europe yogurts Market Segmentation Analysis:

Europe yogurt market is fragmented by class into dairy-based, and non-dairy-based yogurt; by type into plain, and flavored yogurt; and by distribution channel into hypermarkets/supermarkets, general stores, online retail channels and other conveyance channels. Likewise, the research gives an analysis of the yogurt market in the arising and set up markets over the European countries, including Spain, United Kingdom, Germany, France, Italy, Russia, and Rest of European nations.

Regional Analysis:

Geographically the Europe Yogurts Market is segmented into UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe. Germany Yogurts Market and France Yogurts Market recorded the biggest contribution in European market. Arising segments, for example, plant-based yogurt and yogurt drinks are indicating a development in the nations' market. The developing visibility of dairy choices in the nation has prompted the fast development of plant-based yogurt. As a result of this, significant parts in the market are dispatching a greater number of plant-based yogurts than earlier years. Although the Netherlands Yogurts Market and Norway Yogurts Market have much smaller portion as far as revenue, but they experienced the most noteworthy CAGR in Europe.

Covid-19 Impact on Europe Yogurts Market:

As the impacts of coronavirus are being witnessed across the world, food and beverage industry records one of its all-time low revenues due to the reduced demand and disturbances in supply chain and sales. The increasing trend of work from home has pushed consumers away from outside food and establishments like hotels, restaurants, cafes, etc. As out of home has truly produced the most elevated edge, this will have quick effect on the F&B though a few providers are hoping to moderate this by redirecting their provisions to retail locations. The increasing consumer demand for healthy alternatives to improve immunity is likely to act positively for yogurt business in future. When the circumstance starts to normalize, out-of-home activities will start developing again, which will support the sales in yogurt industry. With a financial depression approaching, food and drink revenues are likely to decrease. Food and refreshment organizations have to return to their sourcing strategies, rationalize their product ranges, and evaluate the flexibility of their supply chains just as their course to market channels. E-commerce and distribution networks should be upgraded and smoothed out. Considering the effect of changing raw material costs and different expenses to serve as well as ways to upgrade demand, organizations will be compelled to return to their evaluation and marketing procedures.

Key Players in the Market:

Major Key Players in the Europe Yogurts Market are

  • Danone
  • Chobani LLC
  • Nestle
  • General Mills
     

 

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