The latest market report published by Credence Research, Inc. “Global Functional Yogurt Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Functional Yogurt Market generated revenue of around USD 23,787.42 million in 2021 and is anticipated to grow a CAGR of over 6.08% during the forecast period from 2021 to 2028 to reach around USD 37,291.25 million in 2028. While, cumulative growth opportunity presented by the global Functional Yogurt is around USD 243 billion during 2022 to 2028.
Global Functional Yogurt Market, 2021 – 2028 (USD Million)
Browse the full report at Functional Yogurt Market Size, Trends, Share and Growth Report | Forecast to 2028 (credenceresearch.com)
Yogurt consumption goes as far back as ancient times. Since functional yogurt is so nutritious and healthy, it is expected to achieve a remarkably high growth rate. Yogurt is a key dairy product that already enjoys a high level of consumption worldwide. It is known to be one of the healthiest foods people can eat. However, the key drawback of yogurt is that it requires plenty of time for fermentation and is thus less well-suited for mass production.
Lactose intolerance to Hold the Dominant Share
Lactose intolerance, Constipation, Diarrhea, Colon cancer and Inflammatory bowel disease are some of the major segments of Functional Yogurt based on function. Digestive health is one of the most important functions of Functional Yogurt. Constipation and diarrhea held the largest share of the global Functional Yogurt market in terms of revenue. Digestive health accounted for over 50% share of the Functional Yogurt based on functional segment.
Online Channel to Grow in Popularity
Supermarkets & Hypermarkets, Convenience Stores and online are major distribution segments for Functional Yogurt market. Supermarkets & Hypermarkets is leading segment for distribution of Functional Yogurt in terms of revenue. However, online distribution channel is advancing at a rapid pace with increasing penetration of smart phones and internet across the world.
Europe and North America to Rule the Market
Functional Yogurt market is dominated by the Europe and North America collectively with over 50% share in total revenue generation in 2021. High level of health awareness, higher spending power and deep routed distribution channels in these regions are likely to spur the demand for Functional Yogurt in the years to come. However, Asia Pacific is poised to play crucial role in future growth of Functional Yogurt. Rapidly growing economies, increasing purchasing power parity and growing awareness about gut health in the region contributing towards the growth of Functional Yogurt market.
Lactalis Group, General Mills Inc., Nestle, Friesland Campina, Danone and Yili Industrial Group Co. Ltd. are some of the major players operating in the global Functional Yogurt market.
Global Functional Yogurt Market by Type, 2016 – 2028
- Lactose intolerance
- Colon cancer
- Inflammatory bowel disease
Global Functional Yogurt Market by Distribution Channel, 2016 – 2028
- Supermarkets & Hypermarkets
- Convenience Stores
Global Functional Yogurt Market by Company, 2016 – 2028
- Lactalis Group
- General Mills Inc.
- Friesland Campina
- Yili Industrial Group Co. Ltd.