PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621904
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1621904
Yogurt Drink Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Yogurt Drink Market reached USD 56 billion in 2023 and is projected to grow at 6.6% CAGR from 2024 to 2032, largely driven by the increasing demand for plant-based products. Over the last decade, the market has experienced substantial growth, fueled by a shift in consumer preferences toward convenient, healthy, and functional beverages. Once considered secondary to sugary sodas and carbonated drinks, yogurt drinks have gained recognition as a nutritious alternative, particularly among health-conscious individuals. As health trends continue to shape consumer behavior, there has been a significant rise in the demand for probiotic-rich beverages, especially those enhanced with vitamins and minerals.
The flavored yogurt drink segment is a major contributor to this growth, valued at USD 44 billion in 2023 and expected to expand at a CAGR of 6.5% through 2032. Consumers' desire for diverse and indulgent flavors has made flavored yogurt drinks the leading segment in the market. While traditional flavors remain popular, there is a growing interest in exotic options that appeal to adventurous palates. The introduction of functional flavors that combine health benefits with unique tastes is also gaining traction, further stimulating market growth. Packaging aid in the yogurt drink market, with bottles being the most popular choice.
Valued at USD 27.9 billion in 2023, the bottle segment is anticipated to grow at a CAGR of 6.9% from 2024 to 2032. Bottles are favored for convenience and portability, making them ideal for consumers with busy lifestyles. They are widely available in supermarkets and convenience stores, which cater to on-the-go consumption. Additionally, the resealable feature of bottles enhances their attractiveness, allowing consumers to enjoy them at their own pace. U.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $56 Billion |
| Forecast Value | $99.3 Billion |
| CAGR | 6.6% |
S yogurt drink market is projected to reach USD 11.4 billion in 2023, with an anticipated growth rate of 6.8% CAGR. The U.S. market has witnessed considerable growth, driven by a shift toward healthier beverage options and a greater acceptance of functional foods. As awareness of the health benefits of probiotics and other immunity-boosting ingredients increases, yogurt drinks have gained popularity among a wide demographic, including health enthusiasts, families, and busy professionals. The convenience of yogurt drinks also caters to the demand for quick, nutritious snacks or meal replacements, making them particularly appealing to those with fast-paced lifestyles.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Ease of convenience
- 3.6.1.2 Health benefits of blue cheese
- 3.6.1.3 Rising popularity of plant-based products
- 3.6.1.4 Innovative flavors and functional ingredients
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High competition
- 3.6.2.2 Sustainability challenges
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Flavor Type, 2021-2032 (USD Million) (Tons)
- 5.1 Key trends
- 5.2 Plain/Unflavored
- 5.2.1 Flavored
- 5.2.2 Strawberry
- 5.2.3 Blueberry
- 5.2.4 Mango
- 5.2.5 Peach
- 5.2.6 Vanilla
- 5.2.7 Mixed berries
- 5.2.8 Others
Chapter 6 Market Estimates & Forecast, By Packaging Type, 2021-2032 (USD Million) (Tons)
- 6.1 Key trends
- 6.2 Bottles
- 6.3 Tetra packs/cartons
- 6.4 Cups
- 6.5 Pouches
- 6.6 Others
Chapter 7 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million) (Tons)
- 7.1 Key trends
- 7.2 Supermarkets/hypermarkets
- 7.3 Convenience stores
- 7.4 Specialty stores
- 7.5 Online retailers
- 7.6 Foodservice channels
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Tons)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
Chapter 9 Company Profiles
- 9.1 Arla Foods Ingredients Group
- 9.2 Benecol
- 9.3 Chobani
- 9.4 Danone
- 9.5 Fonterra Co-operative Group
- 9.6 General Mills
- 9.7 Lactalis
- 9.8 Meiji Holdings
- 9.9 Nestle
- 9.10 Yakult
