Yogurt Drink Market By Product (Vegan and Conventional), By Flavor (Flavored and Plain), By Packaging Type, By Distribution Channel, By Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023 – 2032

Report Overview

Yogurt Drink Market size is expected to be worth around USD 94.3 Bn by 2032 from USD 51.5 Bn in 2022, growing at a CAGR of 6.3% during the forecast period from 2023 to 2032.

Yogurt is a food product that is consuming all across the world. It is prepared from the fermentation of milk. In conventional yogurt drinks, milk from different animals is used for preparation, like cows, buffalo, camels, goats, and many such animals. While in vegan yogurt soy milk is used for the yogurt drink preparation. The milk is fermented by using various bacteria’s that provide the taste and texture of the yogurt. After yogurt, different types are prepared from it. It vary from place to place, like lassi, mattha, nai lao, smoothie, varenets, borhani, and many other drinks.

Yogurt drink is a nutrient-rich product with different tastes. Therefore, a large share of the population across the world consumes yogurt-based drinks. These are rich in the nutrients like vitamin B12, zinc, vitamin C, vitamin B6, and many other nutrients. Due to the presence of these nutrients, These are consumed by many individuals across the world to maintain good health. With increasing health awareness, many individuals across the world are consuming. This will positively affect the growth of Yogurt Drink Market in the upcoming period.

Driving factors

Rising Health Consciousness and the Introduction of New Flavors are Driving the Growth of the Global Yogurt Drink Market.

Yogurt is a nutrient-rich food product. Therefore, many individuals consume yogurt and yogurt-based drinks on a regular basis for their health benefits. With increasing health consciousness among individuals for better health is increasing the demand for yogurt-based drinks in the market. Nutrients like vitamins and zinc help the individual to maintain good health. Therefore, the demand for yogurt drinks is very high in the market. This is proving as a major factor in the growth of global yogurt drink market.

Moreover, many key companies in the market are offering yogurt-based drinks in different flavors and textures. This attracts many individuals to consume yogurt-based drinks. Flavored Yogurt Drink Market is preferred by many individuals across the world over plain yogurt drink. Therefore, many major companies are focusing on the development of new flavors to attract more customers. These all key factors are propelling the growth of global yogurt drink market.

Restraining Factors

High Prices of Yogurt Drinks and Stringent Regulations from Regulatory Agencies are Expected to Hamper the Growth of the Global Yogurt Drink Market.

Due to its high nutrient content, These are popular among many individuals around the world. However, the high price of yogurt drinks is restricting many individuals from consuming yogurt-based drinks. Increasing prices of packaging and raw material are directly increasing the overall prices of yogurt-based drinks. Many companies offer yogurt-based drinks at a very high price that restricts the majority of individuals from consuming yogurt-based drinks.

This is expected to hamper the growth of the global yogurt-based drinks market over the forecast period. Also, many companies are adding extra sugar in yogurt-based drinks. Therefore, the regulatory agencies are penalizing the companies that add more sugar than the given limit.  In return it is expected to change the taste of yogurt-based drinks, and the demand is expected to decrease with it. These all key factors are expected to hamper the growth of the global yogurt drink market during the forecast period.

By Product Analysis

Conventional Yogurt Drinks Dominate over the Vegan the Global Yogurt Drink Market.

Based on Product, the global Yogurt Drink Market is divided into vegan supplements and conventional yogurt drinks. From these products, conventional Yogurt Drink Market dominate over vegan yogurt drinks, with a major revenue share of 92.6% in the account. This exponential growth of conventional yogurt drinks is due to high nutrient content like calcium and phosphorous that is lacking in vegan yogurt drinks.

The majority of individuals prefer to consume conventional yogurt drinks over vegan yogurt drinks for their high nutrient content and better health benefits than vegan yogurt drinks. These factors are driving the growth of conventional the product segment of the global Yogurt Drink Market.

By Flavor Analysis

Flavored Yogurt Drinks Lead the Flavor Segment of the Global Yogurt Drink Market.

On the basis of flavor, the global Yogurt Drink Market is divided into flavored and pla. Out of these yogurt drinks, flavored These are mostly preferred by individuals over plain.

The majority of flavored These are sweet and sour, which makes it more enjoyable than pla. This is the primary factor boosting the growth of flavored yogurt drinks. The sweet taste of flavored attracts children to consume healthy products. All these factors are propelling the growth of flavored the global Yogurt Drink Market.

By Packaging Type Analysis

Tetra Packs Lead the Packaging Type with Major Revenue Share in Account.

Based on packaging type, the global Yogurt Drink Market is classified into bottles, tetra packs, and other packaging types. Among these packaging types, the tetra packs hold a major revenue share of 86.8% to dominate the segment in the global Yogurt Drink Market. The growth of tetra packs is attributed to the rising demand of on the go products from individuals that can easily consume and dispose easily.

Tetra packs are considered as eco-friendly than the other packaging options. It also costs much lower than the other packaging types. Therefore, tetra packs are mostly used in the packaging of yogurt drinks. These key factors are fueling the growth of tetra packs in the packaging type segment of the global Yogurt Drink Market.

By Distribution Channel Analysis

Hypermarkets & Supermarkets Hold the Major Revenue Share of 74.6% to Dominate the Global Yogurt Drink Market.

On the basis of distribution channels, the global Yogurt Drink Market is categorized into hypermarkets & supermarkets, convenience stores, online stores, and other distribution channels. From these distribution channels. The hypermarkets & supermarkets hold a massive revenue share of 74.6% to dominate the distribution channel segment in the global Yogurt Drink Market.

the are mostly purchased by on-the-go shops. Therefore, the widespread network of hypermarkets & supermarkets across the world is driving the growth of hypermarkets & supermarkets in the distribution channel segment of the global Yogurt Drink Market. However, online stores are expected to grow at the fastest CAGR during the forecast period. Increasing food delivery platforms are driving the growth of online stores in the distribution channel segment of the global Yogurt Drink Market.

Key Market Segments

Product

• Vegan
• Conventional

Flavor

• Flavored
• Plain

Packaging Type

• Bottles
• Tetra Packs
• Other Packaging Types

Distribution Channel

• Hypermarkets & Supermarkets
• Convenience Stores
• Online Stores
• Other Distribution Channels

Growth Opportunity

Increasing Developments in Flavors of Yogurt Drinks and Rising Demand for Zero Sugar Content are Expected to Create Many Opportunities in the Global Yogurt Drink Market.

With the increasing demand for the world and rising competition between the companies, the key players are focusing on the development of new flavors to attract customers and expand the market share. Many companies are focusing on the development of yogurt drinks with various flavors and attractive packaging.

This move from companies is expected to create many lucrative opportunities in the global Yogurt Drink Market over the forecast period. Moreover, there is a high demand for zero-sugar-containing the market. Due to this, many companies are working on the development of zero-sugar-containing the market. These all key factors are expected to create many opportunities in the market over the forecast period.

Latest Trends

High Consumption of Nutrient Rich Food and Advance Packaging Solutions are Propelling the Growth of the Global Yogurt Drink Market.

With continuously changing lifestyles and changing food habits, individuals across the world have started to consume nutrient-rich food to maintain good health. These are very high in nutrient content. Due to this, many individuals have started to consume. It helps individuals to maintain good immunity. With all these benefits of account, These are in high demand in the market.

Moreover, the advanced packaging solutions of yogurt drinks from the companies are attracting many customers to opt for the specific yogurt drink. Companies are providing innovative packaging to attract customers. These trends are currently fueling the growth of the global Yogurt Drink Market.

Regional Analysis

Asia Pacific Dominates the Global Yogurt Drink Market by Securing the Major Revenue Share.

The Asia Pacific region dominates the global Yogurt Drink Market by covering a major revenue share of 40.6%. This massive growth of Asia Pacific region is owing to the presence of a large population that is raising the demand for healthy food products in the region to maintain good health. This rising awareness among individuals is increasing the demand for the Asia Pacific region’s market.

The region has a very high production of milk and milk-related products. This is additionally boosting the growth of the market. Moreover, the presence of many companies offering in different flavors is propelling the growth of the market in the Asia Pacific region. These all key factors are fueling the growth of the market in the Asia Pacific region.

After Asia Pacific, the Latin America region is anticipated to grow at a significant CAGR throughout the forecast period. This growth of the Latin America region in the market is due to the increasing demand from countries like Argentina and Brazil.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

The global Yogurt Drink Market is fragmented into many companies offering the product. However, key companies are focusing on the development of new flavors and textures to attract customers. Major companies are adopting the strategies like mergers, acquisitions, partnerships and collaboration to expand their business across new regions and strengthen their position in the market. Some of the key players in the global Yogurt Drink Market are Danone, Nestlé, General Mills Inc., Meiji Holdings Co. Ltd., Arla Foods Amba, Lactalis Group, Benecol Ltd., Chobani LLC, Fonterra Co-operative Group Ltd., Britannia Industries, and other key players.

Top Key Players in Yogurt Drink Market

• Danone
• Nestlé
• General Mills Inc.
• Meiji Holdings Co. Ltd.
• Arla Foods Amba
• Lactalis Group
• Benecol Ltd.
• Chobani LLC
• Fonterra Co-operative Group Ltd.
• Britannia Industries
• Other Key Players

Recent Development

• In February 2022, Starbucks Launched their plant based vegan yogurt drink in Korea named as ‘Pine Coco Green’.
• In February 2022, Chobani LLC started paper packaging for their yogurt and other dairy products. The paper cups of Chobani LLC are made up of 80% paperboard and renewable materials.

Report Scope: