The
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
Studies
suggest that low fat and fat free yogurt boosts the immune system,
improves metabolism, provides vital nutrients for the body such as
protein, vitamin, calcium, etc., and helps in smooth functioning of
the digestive system. Various research publications and strategically
sponsored advertisements by prominent market players and institutions
have immensely influenced the public to include low fat and fat free
yogurt in their daily diet, which is driving the growth of the
segment. People all over the world are becoming more heath conscious
and choosing a healthy diet to maintain a healthy lifestyle. Low fat
and fat free yogurt, being a source of nutrients required for
maintaining good health and several other benefits associated with
it, is becoming the preferred food of many, irrespective of age,
gender and region. This particular factor is propelling the growth of
the low fat and fat free yogurt segment.
Over
the years, the consumption of yogurt has gone from strength to
strength at different meal occasions — from breakfast to lunch and
supper to dinner, becoming the favourite among consumers of all age
groups. The availability of yogurt in different product forms (low
fat and fat free, plain, flavoured, with toppings, etc.) has helped
the product to become a universal dairy product. As yogurt is easy to
swallow, it is considered as a key protein source for young children
and elderly persons. The emergence of low fat and fat free yogurt as
a food product, consumption of which is not limited to particular
meal time or consumers, is expected to drive its demand over the
coming years.
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Low
fat and fat free yogurt segment in the North America yogurt market is
inclined towards high growth-low value during the forecast period
The
low fat and fat free yogurt segment in the North America yogurt
market is projected to gain more than 120 BPS over the forecast
period. The low fat and fat free segment is inclined towards high
growth-low value and it is expected to follow the same trend over the
forecast period. Easy availability of ingredients and innovation and
new product development are the key factors driving the growth of the
yogurt market in North America. In Western Europe, the low fat and
fat free yogurt segment is currently inclined towards moderate
growth-low value; however, it is expected to incline towards high
growth-high value over the forecast period.
