Yogurt Market expected to grow at a CAGR of 10.3% during 2016 to 2026
Verfasser: Monicafmi31 on Wednesday, 19 April 2017The low fat and fat free yogurt segment is expected to expand at a significant CAGR over the forecast period
Low fat and fat free yogurt contains a low amount of fat as compared to traditional yogurt, which is manufactured from whole milk. The low fat and fat free and regular/plain yogurt segments are expected to witness similar Y-o-Y growth during the forecast period. However, the low fat and fat free yogurt segment is expected to witness significant growth post 2020 owing to rising health consciousness among consumers supporting its demand. The low fat and fat free yogurt segment is expected to gain more than 25 BPS between 2016 and 2026, due to rising awareness among people regarding the health benefits of low fat and fat free yogurt. The segment is expected to reach the highest CAGR of 10.2% during the projected period. In 2017, the low fat and fat free yogurt segment in the global yogurt market is expected to reach a market valuation in excess of US$ 14 Bn and is anticipated to be valued more than US$ 36 Bn by the end of 2026.
Awareness of healthy lifestyle is likely to drive the growth of the low fat and fat free yogurt segment