Global Yogurt Market is Predicted to be Worth US$ 139.1 Billion, Growing at a CAGR of 10.0% Over the Forecast Period (2021-2028)

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Yogurt is a dairy product that is made by bacteria fermenting milk. These bacteria are known as yogurt cultures, and they are made from streptococcus thermophiles and Lactobacillus bulgaricus bacterium cultures. Yogurt is a popular fermented milk product that is gaining popularity as a healthy diet since it aids in weight loss and improves digestive system efficiency.

Recent Developments

Kerry, a taste and nutrition firm, said in June 2020 that it will expand its nutritional plant protein line, which will broaden the company's breadth of proteins for food and beverages, including but not limited to yogurt and other dairy products. AYO Almondmilk Yogurt, supposedly enlivened with organic strawberries, blueberries, peaches, and organic Madagascar Vanilla was launched by AYO FOODS, LLC in 2020, offering a smooth, clean flavor and likely the only almond milk yogurt available on the Yogurt Market. In the United States, the first Icelandic-style yogurt will be available in 2019. Siggi's, which has been owned by Groupe Lactalis since 2018, has produced a plant-based yogurt with a high nutritional value made from a proprietary blend of coconut, macadamia, and pea protein.

In terms of value, Asia Pacific dominated the global Yogurt Market in 2020, accounting for 33.5 percent of the market, followed by Western Europe and MEA, respectively. Yogurt Market consumption is increasing in Asia-Pacific as a result of its probiotic range of products, as well as its capacity to promote metabolism, improve digestion, and support the immune system. Yogurt can also be eaten as a dessert. It comes in a variety of flavors, including fruit yoghurt, organic yoghurt, and drinkable yoghurt, all of which are highly accepted by customers.

Market Drivers

The market is being driven by the versatility of yogurt and the availability of Yogurt in many forms. Yogurt is commonly used in a variety of meals, from breakfast to lunch to dinner. Furthermore, it is available in a variety of flavours, including plain, flavored, and toppings, all of which contribute to the yogurt's market expansion. Furthermore, yoghurt use is not restricted to specific meals or consumers. Another important element driving Yogurt Market expansion over the predicted period is this.

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