The market is anticipated to witness a higher growth rate in comparison to plant-based drinks on account of better health benefits and low cost of yogurt drinks. The Global Yogurt Drink Market is expected to reach USD 44.46 billion by 2025 at a 4.8% CAGR, according to a new report by Grand View Research, Inc.
Factors such as increased per capita spending and urbanization are likely to fuel yogurt consumption. Rise in awareness about its benefits and increase in preference for yogurt among consumers looking to lead an active and healthy lifestyle are expected to play a significant role in driving industry growth.
Regular consumption of yogurt drinks helps in lowering obesity. Having whole yogurt drink helps keep the stomach full, thereby discouraging overeating or eating at frequent intervals. Companies such as Benecol Limited offer low-cholesterol yogurt containing plant stanols.
Convenience store distribution channel captured a market share of 29.37% in 2016 and is expected to witness significant growth over the forecast period. This can be attributed to increased number of working individuals, hectic work schedules, and single-person households. Demand for yogurt in tetra packs is expected to decline owing to rise in demand for on-the-go breakfast items and consumer preference for plastic bottles over tetra packs
To Know More About Yogurt Drink Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/yogurt-drink-market
Regional expansions and R&D are key strategies adopted by major market players to strengthen their position in the industry. A large number of companies are continuously striving to innovate and develop new flavors and varieties to expand their scope in the yogurt drink market.
Market Segmentation of Yogurt Drink Market:
The Global Yogurt Drink Market segmented on the basis of Type, Distribution Channel, Packaging, and Region.
By Type:
Regular
Fat-free
Flavored
By Distribution Channel:
Hyper & supermarket
Convenience Store
Specialty Store
By Packaging:
Plastic Bottle
Tetra Pack
By Region:
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
Inquire about Yogurt Drink Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4902/ibb
Comments
Post a Comment