Low Fat Yogurt Market Analysis

Low-Fat Yogurt Market Overview

Low Fat Yogurt Market Size at US$ 12.9 Bn. in 2022 and is expected to reach at US$ 22.8 billion. in 2032. The Global Low Fat Yogurt Market size is estimated to grow at a CAGR of 10.8% over the Forecast Period.Lactobacillus delbrueckii and Streptococcus thermophiles are the bacteria of choice for fermentation. Fruits, sweeteners, artificial flavors, thickeners, and stabilizers are commonly used in the preparation of low-fat yogurt. They are reduced in fat and have a better taste and scent. It's also high in vitamins, minerals, and carbs. Low-fat yogurts also have a longer shelf life than plain yogurt. Skim or low-fat milk is fermented to make low-fat yogurt. Although it is generally made with cow's milk, certain forms of low-fat yogurt use soy and goat's milk. Regardless of these ingredients, yogurt ferments for varying amounts of time, depending on the type of yogurt. It is a nutritious component of the diets of the majority of people. Low-fat yogurt is not only low in calories, but it also contains a variety of helpful bacteria and nutrients that can improve a person's general health.

COVID Analysis

People's lives have been thrown into chaos as a result of the COVID-19 outbreak. It has different implications depending on the industry, including the Low-Fat Yogurt industry. The COVID-19 epidemic has flipped the economic growth switch in every sector. Countries all across the world have been forced to institute a lockdown as a result of the pandemic. The global COVID-19 outbreak has increased the demand for low-fat yogurt. People are becoming more aware of the health benefits of low-fat yogurt, thus it is becoming more popular. In addition, as a result of the COVID-19 scenario, many low-fat yogurt makers increased their output to fulfill customer demand. As a result, COVID-19 has had a positive impact on the low-fat yogurt market, with company production and sales increasing. Thus, the Market Size is expected to flourish even during and after the pandemic changing the Market Trends and Market Outlook.

Drivers

Obesity, hypertension, and high blood cholesterol are on the rise as a result of high fat intake from milk and dairy products, and it is a major worry among the growing population. This has increased the dairy industry's demand for low-fat and low-calorie dairy products. Furthermore, increased demand for low-fat dairy products such as yogurt is expected to boost Low-Fat Yogurt Market Growth during the Market Analysis period. Furthermore, rising demand for organic dairy products has boosted Market Share. Increased manufacturing of low-fat dairy products, combined with the numerous health benefits associated with yogurt intake, are predicted to drive Low-Fat Yogurt Market Growth. The Market Outlook is likely to be driven by changing consumer preferences for healthier diets and the various associated benefits of low-fat yogurt. Low-fat yogurt has several health advantages. Low-fat yogurt contains probiotics, which aid in weight maintenance and loss. It also replenishes the bacterial flora following an antibiotic regimen and promotes consistency. Furthermore, a growing health-conscious population and increased knowledge of cardiac health are driving Low-Fat Yogurt Market Value. Furthermore, consumers' proclivity to adopt a healthy diet is fueling the expansion of the Market Trends.

Restraints

Lack of understanding about the use of bacterial cultures in yogurt manufacturing, as well as their possible health risks, may stymie Low-Fat Yogurt Market Value and Market Share throughout the projection period. Non-organic low-fat yogurt, on the other hand, is predicted to stifle the expansion of the low-fat yogurt market. Artificial sweeteners, fruits, flavors, additives, thickeners, stabilizers, and inactive cultures are used to make non-organic low-fat yogurt. It also has a high sugar content, and eating too much sugar can counteract the benefits of yogurt by reducing digestion and immunity.

Technology Analysis

The growing consumer preference for probiotic goods, combined with the high consumption of low-fat yogurt-based products, has fueled the rise of the worldwide low-fat yogurt market, which is expected to significantly increase the market's revenue contribution throughout the forecast period. As a result of dietary, environmental, and ethical considerations, consumers are becoming more amenable to low-fat and vegan diets. This is expected to be a major element boosting demand for low-fat yogurt shortly. The technology used to make low-fat yogurt has greatly increased the market forecast and will also aid in future market analysis.

Segment Overview

The Global Low-Fat Yogurt Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2032. The Global Low-Fat Yogurt Market is segmented based on the following:

Based on the type, the market is segmented as follows:

• Flavored


• Plain


• Organic


• Fruit


• Others

Based on the distribution channel, the market is segmented as follows:

-Store-Based

• Convenience Store


• Supermarkets & Hypermarkets


• Specialty Retailers


• Others

-Non-Store Based

Based on the region, the Fruit vinegar market has been segmented as follows:

North America

• US


• Canada

Europe

• Germany


• France


• Italy


• Spain


• UK


• Rest of Europe

Asia-Pacific

• China


• India


• Australia


• Singapore


• Rest of Asia Pacific

Rest of the world

• Brazil


• Argentina


• Saudi Arabia


• South Africa


• Others

Regional Classification

North America, Europe, Asia Pacific, and the rest of the world make up the worldwide low-fat yogurt market (RoW). Europe is the market leader in low-fat yogurt, followed by North America. Because of increased awareness about the gut health benefits of drinking low-fat yogurt, the United Kingdom and Germany are the largest users of low-fat yogurt. Furthermore, the dairy industry's high demand for low-calorie and low-fat foods is regarded as the primary driving driver in this region. Furthermore, rising consumer awareness and demand for low-fat yogurt alternatives in the dairy industry have boosted demand for low-fat yogurt in North American countries such as the United States and Canada, which is expected to drive the growth of the low-fat yogurts market during the review period. Furthermore, rising milk quotas in the European Union are expected to boost the expansion of the low-fat yogurt sector.

Competitive Landscape

Apart from mergers and acquisitions, major players have concentrated on long-term strategies that include product and taste innovation as market demand shifts toward new flavors. Because there are so many Low-Fat Yogurt providers, the competition is fierce. The major key players of the global low-fat yogurt are as follows:

• Danone, Inc. (Canada)


• General Mills, Inc. (U.S.)


• Yogurtland (U.S.)


• Nestle S.A. (Switzerland)


• Jalna Dairy Foods Pty. Ltd. (Australia)


• Byrne Dairy Inc. (U.S.)


• Yasso (U.S.)


• Rainy Lanes Dairy Foods Ltd (U.K)

Recent Developments

• Yogurtland debuted its first oat milk-based vegan low-fat yogurt flavor, Plant-Based Cinnamon Oatmeal Cookie, in participating locations. This update came just in time following the debut of its Plant-Based Salted Chocolate Soufflé flavored frozen yogurt in January 2020, followed by the relaunch of its coconut milk-based flavor due to consumer demand.


• Yasso introduced a new line of Greek yogurt pieces called Yasso Poppables in coffee, sea salt caramel, vanilla bean, and mint flavors to the market. These low-fat Greek yogurt bites are dipped in dark chocolate and topped with quinoa crunch. These poppable are now accessible at participating retail locations, including supermarkets.

Report Overview

The report's overview covers a complete assessment of the low-fat yogurt market, as well as the primary low-fat yogurt industry applications and the growth potential of the specialty low-fat yogurt market. The research focuses on the primary impediments, barriers, and drivers that influence market size. The study also addresses the significant events that occurred following the COVID-19 pandemic, as well as the effects of the novel coronavirus and the lockdown of the low-fat yogurt sector. Aside from complete market segmentation, the research also covers the most recent business scenario, including forecast as well as historical volume and value, technological breakthroughs, and the most important variables driving the market growth. The study also highlights the significance of buyers and suppliers in aiding stakeholders in making lucrative business decisions and improving their supplier-buyer network. Thorough research of the market segmentation aids in identifying existing market potential. Market player positioning facilitates benchmarking and provides a clear picture of the market's current situation. The research looks at regional and global Low-Fat Yogurt trends, as well as key competitors, market segmentation, and application areas. Furthermore, the report examines reputable producers as well as the critical tactics they employ to remain competitive.