Yogurt Drinks Market size was at USD 31.65 billion in 2020 and is anticipated to reach an extent of USD 44.45 billion, recording a CAGR of 4.9% throughout the foreseen period 2021-2026. Yogurt drinks have a lower solid content than yogurt and are consumed as a drink with added sugar and fruit-flavored syrups. Yogurt drinks are consumed primarily for the health benefits associated with their consumption. Yogurt Drink is obtained by extracting gluten from the wheat, washing the grain with water until the starch content is completely dissolved, leaving the gluten behind. Live Yogurt Drink is widely used as a substitute for the manufacture of a vegetarian meat substitute known as seitan.
Increased consumer awareness of the health benefits of yogurt drinks is expected to drive growth in the industry during the forecast period. Companies in North America and Asia-Pacific are promoting yogurt as an essential health drink, which is also believed to drive market growth. In addition, the companies work with dairy farms to ensure an efficient supply of raw materials for the production of yogurt drinks. Hypermarkets and supermarkets are the main distribution channels for yogurt. However, companies like Nestlé; Dana Dairy Group; Arla, and Ultima Foods Inc. sell their products through retailers such as Carrefour and Walmart. Increased awareness of the downsides of high sugar intake, which leads to conditions like obesity and heart disease, is likely to be a critical factor in the non-fat beverage market. This, in turn, is expected to trigger growth in the yogurt drink market. The opportunity to create a new line of fat-free, low-sugar products has increased due to the growing population of people with diabetes. Yogurt, available in different flavors, is considered a dietary option in many countries. Therefore, various manufacturers are involved in innovation to develop new features to meet the growing demand. The need for packaging for plastic bottles represents a market share of 64.22% in 2016 in terms of turnover. With the change in lifestyle, large numbers of people around the world are turning to move products, which in turn is believed to drive market growth during the outlook period.
Yogurt makers are likely to incur high costs due to growing environmental concerns related to expensive yogurt beverage packaging processes. To avoid this problem, yogurt manufacturers are working with local dairy distributors to penetrate the market in developing regions. The demand for yogurt drinks in convenience stores is expected to increase in the coming years, supported by the growth in the workforce. These consumers prefer to buy yogurt drinks at convenience stores. Additionally, the convenience store segment is expected to experience rapid growth during the foreseen period due to advances in dairy farms, increased product varieties, and the development of packaging and distribution technologies. Increased consumption of non-dairy beverages is supposed to hamper the growth of the industry. The growing vegan population in regions such as North America and Asia-Pacific is also expected to limit the market growth.
Market Size Available
2019 – 2025
2020 - 2025
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
Market Leaders Profiled
Grupo Lala, Danone, FrieslandCampina, China Mengniu DairyFlora ProActiv, Bright Dairy, Bio Green Dairy, Amul, Yakult, Nestle, General Mills, Fonterra, and many others.
The Yogurt Drinks market can be divided based on Type, Distribution channel, and Packaging. Regular yogurt accounted for a 34.63% revenue share in 2016. As consumer acceptance of different high-protein flavored yogurts increases, diversified products will see expansion over the forecast period. Also, the advantages this product offers over herbal beverages are expected to further the growth of the industry. Increased awareness of the downsides of high sugar intake, which leads to conditions like obesity and heart disease, is likely to be a key driver for the Yogurt Drinks Market.
The demand for the yogurt drinks market in convenience stores is expected to increase in the coming years, supported by the growing working-class population. These consumers prefer to buy yogurt drinks at convenience stores. Additionally, the convenience store segment is expected to experience rapid growth during the forecast period due to advances in dairy farms, increased product varieties, and the development of packaging and distribution technologies. Specialty stores sell a variety of exclusive products on their premises, which makes the channel unique and special compared to other modes of distribution. However, specialty stores face strong competition from other distribution channels, as department stores sell yogurt drinks at lower prices.
The demand for plastic bottle packaging represented a market share of 64.22% in 2016 in terms of turnover. With the lifestyle change, a large number of people around the world are opting for mobile products which, in turn, are expected to drive market growth during the conjecture period. Packaging plays a crucial role in consumer purchasing decisions, making manufacturers focus on attractive packaging. With the increasing demand for breakfast to go, plastic packaging could create fierce competition in the tetra pack, as the latter are more inconvenient to transport.
Consumer reluctance on the brink of the growing COVID-19 epidemic has led to great uncertainties in consumer demand. Various false messages and rumors on social media have scared consumers and influenced their perception of a variety of foods and beverages, especially animal products. Additionally, government initiatives avoiding mass gatherings as a preventative measure to slow the spread of the coronavirus have also fueled the trend for home-cooked meals among consumers. Restaurants around the world have experienced a drastic reduction in customer traffic, which has directly affected the revenue of catering establishments.
The global Yogurt Drink market has been divided by geography into the regions of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Across all regions, the Asia-Pacific Yogurt Drinks market is expected to grow at a compound annual growth rate of 6.0% from 2020 to 2025 due to the increase in the price of dairy and the tendency of consumers to change from sugary drinks to healthy drinks. Additionally, the willingness of consumers to spend on healthy snacks has made it easier for manufacturers to innovate and bring a variety of beverages to the Yogurt Drinks Market market.
Europe, which ranks second after Asia-Pacific, is expected to post a compound annual rate of 4.4% between 2020 and 2025 in terms of revenue. Increased consumption of dairy and dairy products in the region, especially in developed countries such as the United Kingdom and Germany, is expected to boost demand. There is an increase in the consumption of yogurt drinks for cholesterol treatment and gut health, which is expected to drive the market in developed economies.
North America is the third-largest market, with a share of 24% in 2019. Demand is expected to increase in this region, as yogurt is considered an ideal snack for children, especially in the United States. A change in eating habits and the immediate availability of flavored yogurt are expected to drive market growth during the envisioned period.
The Middle East and Africa region are expected to experience stable demand during the projection period due to low per capita spending on milk and dairy products.
Danone had a substantial share of the Yogurt Drinks Market in terms of sales and revenue in 2019.
Key players in the Yogurt Drinks Market include Grupo Lala, Danone, FrieslandCampina, China Mengniu DairyFlora ProActiv, Bright Dairy, Bio Green Dairy, Amul, Yakult, Nestle, General Mills, Fonterra, and many others.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Yogurt Drinks Market, By Type
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Yogurt Drinks Market, By Distribution Channel
6.2.1 Specialty Store
6.2.2 Convenience Store
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Yogurt Drinks Market, By Packaging
6.3.1 Tetra Pack
6.3.2 Plastic Bottle
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Type
7.2.3 By Distribution Channel
7.2.4 By Packaging
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Type
7.3.3 By Distribution Channel
7.3.4 By Packaging
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Distribution Channel
7.4.4 By Packaging
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Type
7.5.3 By Distribution Channel
7.5.4 By Packaging
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Type
7.6.3 By Distribution Channel
7.6.4 By Packaging
8. Key Player Analysis
8.1 Danone SA
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Grupo Lala
8.4 China Mengniu DairyFlora ProActiv
8.5 Bright Dairy
8.6 Bio Green Dairy
8.9 Nestle SA
8.10 General Mills
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures