Some
of the key players in the global market for organic yogurt include
names such as BJ’s Wholesale Club, Stonyfield Farm Inc., Whole
Foods Market, Safeway Inc., Purity Foods Inc., Wallaby Yogurt Company
Inc., Aurora Organic Dairy, Ben & Jerry’s Homemade Inc. Horizon
Organic Holding Corp, and Kroger Co. among others. The companies in
the market are constantly trying to outpace each other in terms of
revenue and business. For the same, the key players in the market are
now indulging into strategic business activities such as mergers and
acquisitions, partnerships, and joint ventures in order to enhance
their overall market presence.
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The
global organic yogurt market is expected to reach an overall market
valuation worth US$15.5 bn by the end of the given forecast period in
2022. This growth of the global market is expected to be achieved
with the help of an impressive CAGR of 13.1% over the course of the
same forecast period.
From
a regional point of view, the market in Europe for organic yogurt is
expected to be highly lucrative. The overall valuation of Europe
market is expected to reach nearly 4US$.9 bn by the end of year 2022
owing to the presence of several prominent yogurt manufacturers
coupled with favorable market conditions and innovations.
In
terms of channels of distribution, the global market is expected to
be dominated by specialty sotes. On the other hand, flavored yogurt
segment is expected to show promising growth with a CAGR of 16.6%
over the course of the given forecast period.
Health
Advantages of Organic Yogurt to Drive Market Growth
Organic
yogurt is one of the good sources of vitamins, fats, carbohydrates,
and proteins along with several minerals. It is thought to be a super
food thanks to its huge advantages associated with health. It can be
manufactured from either goat milk or cow mil. When made from cow
milk, the nutritional value offered is enhanced even more.
Organic
yogurt is one of most widely consumed products across the globe.
One of key reasons for this growth in consumption of organic yogurt
is the growing awareness about its advantages related to one’s
health. In addition to this, it is readily available in multiple
forms and can be reached by the end used with the help of different
channels of distribution such as online stores, specialty store, and
grocery stores among others. It helps the human health in many
different ways. It improves the digestion of the body, cuts down the
chances of a type 2 diabetes, aids in the enhancing density of bones,
assists in avoiding osteoporosis, cuts down the possibility of
colorectal cancer, helps in reducing weight and bad fat, regulates
the mood, helps in improving the immunity of the body, and has a high
potential in cutting down chronic pain and also help in functioning
of brain. These numerous benefits of organic yogurt have tapped the
market across the globe and are thus triggering a higher percentage
of consumption of organic yogurt and thus driving the overall
development of the global market.
Rise
in Production Cost to Impede Market Growth
However,
there are some factors that might negatively impact the overall
growth of the global market over the coming years. One of the key
restraining factors is the rise in the overall production cost of
organic yogurt. This is expected to pose a threat to the development
of market in coming years.
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