What Is The Scope Of The Global Skim Yogurt Market?
Skim yogurt refers to yogurt that has been made with skim milk or has had the fat content removed through a process of skimming. This yogurt offers a low-fat alternative to traditional yogurt options while still providing essential nutrients and probiotics. It is suitable for individuals seeking a lighter dairy option without compromising on taste or nutritional benefits.
Skim Yogurt Global Market Report 2024 provides data on the global skim yogurt market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The skim yogurt market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Skim Yogurt Market?
The skim yogurt market has grown rapidly, rising from $5.66 billion in 2023 to $6.28 billion in 2024, at a CAGR of 11.0%. Factors driving this growth include the expanding fast-food industry, increased consumer obesity, a wider variety of flavors, growth in online food sales, and rising demand for functional food products. The market is projected to grow to $9.57 billion by 2028, with a CAGR of 11.1%. This growth will be driven by rising dairy consumption, increased prevalence of chronic diseases, growing demand for low-fat dairy products, and e-commerce expansion. Trends include innovative product launches, advancements in manufacturing, and the integration of plant-based alternatives.
What Are The Core Factors Supporting Growth In The Skim Yogurt Market?
The increasing consumption of dairy products is expected to drive the growth of the skim yogurt market. Dairy products, made from milk, are growing in popularity due to their nutritional benefits and the demand for protein-rich foods. Skim yogurt, known for its low-fat, high-protein, and calcium-rich profile, relies on dairy products as its base. For example, in November 2023, the Foreign Agricultural Service reported a rise in milk consumption for factory use to 5.847 million metric tons in 2023, with cheese production expected to increase by 28% in 2024. Thus, the rising demand for dairy products is contributing to the growth of the skim yogurt market.
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What Is The Segmentation Of The Global Skim Yogurt Market?
The skim yogurt market covered in this report is segmented –
1) By Type: Plain Yogurt, Flavored Yogurt, Fruits Yogurt
2) By Nature: Organic, Conventional
3) By Distribution Channel: Hypermarket And Supermarket, Specialty Stores, Convenience Stores, Online Sales Channel, Other Distribution Channels
Which Trends Are Expected To Transform The Skim Yogurt Market?
Companies in the skim yogurt market are catering to demand for convenient and nutritious dairy snacks with products like Fruit and Yogurt Smoothie Pouches. These pouches blend real fruit and skim yogurt into a portable, easy-to-consume snack. In February 2022, Outshine, a Canadian brand in the frozen fruit and vegetable category, introduced its Blended Fruit and Yogurt Smoothie Pouches. These shelf-stable snacks are free from artificial additives, provide a good source of protein and calcium, and are designed for on-the-go consumption, making them suitable for lunches, car rides, and work breaks.
What Is The Fastest Growing Region In The Skim Yogurt Market?
North America was the largest region in the skim yogurt market in 2023. The regions covered in the skim yogurt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
