Cibi e Bevande
Flavored Yogurt Market to Reach $92.3 Bn, Globally, by 2026 at 4.8% CAGR: Allied Market Research
Based on type, the conventional segment contributed to 93% of the global flavored yogurt market share in 2019, and is expected to rule the roost by the end of 2026. This is due to conventional flavored yogurts have advantage over organic flavored yogurts in terms of price and availability of products at large scale in the market. Also, its comparatively lower cost has supplemented the growth. The organic segment, on the other hand, would showcase the fastest CAGR of 11.6% during the study period. Organic yogurt is manufactured by processing milk obtained from those dairy animals that are fed with organic feed only. This prevents the hazards of synthetic chemicals in the processed dairy products including flavored yogurt.
Based on Geography, Europe accounted for more than two-fifths of the global flavored yogurt market revenue in 2019, and is anticipated to rule the roost by 2026, owing to rising awareness of the health benefits of flavored yogurt in the province. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 6.1% throughout the forecast period. However, North America happened to hold the third largest revenue holder in 2019. China and India are one of the largest producers as well as consumers of milk and milk products, which is expected to propel the growth of the flavored yogurt market during the study period.
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