Market overview:
Yogurts Market has been valued $ 77,679 million in the year 2019 and it is estimated to reach $ 107,209 million by the year 2026, with a CAGR of 4.6% from 2021 to 2026. Yogurts are most commonly created by the bacterial fermentation of milk, Yogurt is mainly known as a dairy product which is made by the fermenting milk with a yogurt culture. It provides more protein and calcium, and it may enhance the healthy gut bacteria. The culture ferments the lactose, the natural sugar found in milk; these are the main factors that have considerably increased the demand for the Yogurts in the market, thereby driving the hug growth of the Yogurts market in the upcoming years
Market Drivers and Restraints:
The main factors that have considerably increased the demand for the Yogurts in the market is mainly due to the huge rise in the awareness for losing weight among the people is a vital factor escalating the growth of the market , also increase in the expansion of retail market, rise in the awareness among the people about the health benefits of the yogurt, increase awareness about healthy food among the consumers , and rise in the young population, growing consumer indulgence for exotic flavours; these are the main factors that have considerably increased the demand for the Yogurts in the market, thereby driving the hug growth of the Yogurts market in the upcoming years
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Report is segmented as:
Yogurts Market is segmented on the basis of by type; Yogurts Market is segmented on the basis of by packaged containers:
Yogurts Market is segmented on the basis of by type into Icelandic Yogurt, Australian Yogurt, Traditional Yogurt, Greek Yogurt, Kids Yogurt, Non-Dairy Yogurt and Other Yogurts
Yogurts Market is segmented on the basis of by packaged containers into Yogurt Tubs, Yogurt Cups, Yogurt Pouches and Yogurt Bottles
Geographical Segmentation:
Yogurts Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. Asia Pacific has the dominant share in the Yogurts is due to the increasing awareness amongst people about health benefits of the yogurt these are the main factors that have considerably increased the demand for the Yogurts in the Asia pacific region, followed by Europe, North America, Latin America and Middle East & Africa will register a slower increase in the Yogurts Market
Impact of COVID-19 on Market
The COVID-19 pandemic has slightly impacted the supply-chain of Yogurts, Covied -19 pandemic has affected almost every industry, and the long-term effects are projected to impact growth of Yogurts during the forecast period. Covid-19 pandemic has impacted huge on the sales revenue of Yogurts market, Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies. Companies have started opening their manufacturing units after taking all the necessary preventive measures. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus.
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