The global citrus yogurt market garnered a market value of USD 2,202 million in 2023 and is expected to accumulate a market value of USD 3,403.0 million by registering a CAGR of 4% in the forecast period 2023 to 2033.
Citrus yogurt is popular among consumers due to its unique and refreshing taste, as well as its health benefits. The market growth is mainly driven by increasing health consciousness among consumers and their demand for healthy and nutritious food options. Europe dominates the market due to the high consumption of yogurt in the region, followed by North America and Asia-Pacific.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 2,202 million |
| Anticipated Forecast Value (2033) | USD 3,403.0 million |
| Projected Growth Rate (2023 to 2033) | 4% CAGR |
The citrus yogurt market is poised for significant growth in the near future, driven by the increasing demand for healthy and nutritious food options. The market is expected to benefit from the rising awareness of the health benefits of citrus fruits, which are a rich source of vitamins and minerals.
The growing popularity of plant-based and non-dairy alternatives is expected to fuel the demand for citrus yogurt products. The market is also expected to be driven by the increasing availability of citrus fruits and the growing preference for convenient and healthy snack options. With these factors in mind, the citrus yogurt market presents a promising growth opportunity for manufacturers and investors alike.
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The global demand for citrus yogurt is projected to increase at a CAGR of 4% during the forecast period between 2023 and 2033, reaching a total of USD 3,403.0 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 2.0%. This growth can be attributed to numerous factors, including an increasing focus on health and wellness among consumers, as well as a growing awareness of the health benefits of citrus fruits.
Looking ahead, the citrus yogurt market is expected to continue its growth trajectory from 2023 to 2033. The market is projected to grow at a CAGR of 4% during this period, driven by a growing demand for healthy and nutritious food options. Overall, the citrus yogurt market is expected to continue to grow and evolve in the coming years, driven by changing consumer preferences and increasing innovation from key players in the market.
Growing Demand for Functional Foods is a Significant Growth Factor
The growing demand for functional foods is driving the Citrus Yogurt Market, as consumers seek out healthy and nutritious food options that can support their overall health and wellness. Citrus yogurt is considered a functional food due to its probiotic content, which can help improve gut health and boost the immune system.
Key players in the market are responding to this demand by introducing new and innovative products that are high in probiotics and other health-promoting nutrients. The trend towards plant-based diets is also driving demand for citrus yogurt as a plant-based source of probiotics.
A Key Market Trend is growing Demand for Low-Fat and Reduced-Sugar Citrus Yogurt Products
A key market trend in the Citrus Yogurt Market is the growing demand for low-fat and reduced-sugar citrus yogurt products. With increasing health consciousness among consumers, many are seeking out healthier options that are lower in fat and sugar. This trend is also driven by concerns over obesity and related health issues, as well as a growing interest in plant-based diets.
Key players in the market are responding to this trend by introducing new and innovative low-fat and reduced-sugar citrus yogurt products that still provide the same great taste and nutritional benefits as regular citrus yogurt. As this trend continues, it is expected to drive the growth of the Citrus Yogurt Market in the coming years.
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Seasonality as well as Health concerns regarding the Citrus Yogurt Market to Stifle Market Growth
Citrus fruits have a specific growing season, which could make it difficult for manufacturers to maintain a steady supply of ingredients throughout the year. This could lead to price fluctuations and affect the overall cost of production, which could, in turn, affect the final price of the product.
While yogurt is generally considered a healthy food option, some consumers may be concerned about the sugar content of flavoured varieties or the fat content of whole-milk yogurt. Manufacturers may need to address these concerns by offering low-sugar or low-fat options or by highlighting the health benefits of the citrus ingredients used in the yogurt.
The Increasing Consumer Interest in Health and Wellness to Widen Profit Margins
China has been identified as a potential growth market for the citrus yogurt industry. The increasing consumer interest in health and wellness and the growing demand for functional foods are expected to drive the demand for citrus yogurt in the region.
The rising popularity of Western-style diets and increasing awareness of the health benefits of yogurt are likely to fuel demand further. As per Future Market Insights, China is expected to grow at a CAGR of 6.5% in the assessment period 2023 to 2033.
Popularity of Yogurt as a Probiotic-Rich Food to Promote Market Growth
The United States market for citrus yogurt has significant growth prospects. The increasing demand for healthier snack options and the popularity of yogurt as a probiotic-rich food are expected to drive the demand for citrus yogurt in the region.
The rising interest in plant-based alternatives and the growing trend of incorporating exotic flavours in food products are likely to further fuel demand for citrus yogurt.
With the right marketing strategies and product offerings, the citrus yogurt market has the potential to see considerable growth in United States in the coming years. Thus, United States is expected to grow at a CAGR of 4.6% in the assessment period 2023 to 2033.
Flavour Innovation is anticipated to fuel Market Growth
The citrus yogurt market in the United Kingdom is being shaped by several major factors. There is a growing demand for healthier food options as consumers pay more attention to the nutritional value of the food they eat. This trend is driving the demand for functional foods like yogurt.
Flavour innovation is a prominent factor, with consumers seeking out new and exotic flavours such as lemon, lime, and grapefruit. Sustainability is becoming increasingly important, and manufacturers are adopting sustainable practices to cater to environmentally conscious consumers. Such factors are influencing the product offerings and marketing strategies of manufacturers in the region. The United Kingdom is expected to grow at a CAGR of 5.3% in the assessment period 2023 to 2033.
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The Spoonable Segment is the Most Preferred Form
Spoonable yogurt is generally the most preferred form in the citrus yogurt market. This is because spoonable yogurt, also known as traditional yogurt, has a thicker texture and is often seen as a healthier option compared to other forms of yogurt, such as drinkable yogurt.
Spoonable yogurt is typically consumed as a snack or part of a meal, and is available in different flavors, including citrus flavors such as lemon, lime, and orange.
The Hypermarkets/Supermarkets to enhance Sales Prospects
The hypermarkets/supermarkets are the go-to distribution channels for citrus yogurt products, due to their wide reach and ability to stock a variety of brands and flavors.
Online retail channels, such as e-commerce platforms, are also becoming increasingly popular, especially in regions with high internet penetration rates.
The Dairy Segment is the Most Prominent End User
The dairy yogurt has historically been more popular and widely consumed, particularly in regions with a strong dairy culture. However, there is a growing trend towards non-dairy yogurt due to factors such as lactose intolerance, ethical concerns, and environmental sustainability.
Non-dairy yogurt is typically made from plant-based ingredients such as soy, almond, or coconut, and may offer different nutritional benefits compared to dairy yogurt.
Prominent start-up in order to consolidate their market presence, players in the Citrus Yogurt market is launching new and novel product lines, and the aforementioned start-ups have left no stone unturned. The following are some particular examples of significant Citrus Yogurt start-ups:
The companies in the citrus yogurt market must continue to innovate and offer new and unique products that cater to changing consumer preferences and trends. They must also stay attuned to evolving consumer demands for healthier and more sustainable products, and prioritize sustainability in their supply chains and packaging. Overall, the citrus yogurt market is a dynamic and competitive space that is constantly evolving to meet the needs and preferences of consumers.
Key players in the Citrus Yogurt market are General Mills Inc., Danone S.A., The Hain Celestial Group Inc., Nestle S.A., Daiya Foods Inc., Chobani LLC, Forager Project LLC, Kite Hill and Others.
Recent Developments:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 2,202 million |
| Market Value in 2033 | USD 3,403.0 million |
| Growth Rate | CAGR of 4% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Form, Nature, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled |
United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | General Mills Inc.; Danone S.A.; The Hain Celestial Group Inc.; Nestle S.A.; Daiya Foods Inc.; Chobani LLC; Forager Project LLC; Kite Hill; Campbell Soup; ConAgra |
| Customization | Available Upon Request |
Increasing health consciousness and demand for healthy and nutritious food.
The market is estimated to be nearly US$ 2,202 million by 2023.
The market in China is expected to expand at a CAGR of 6.5% through 2033.
The United States offers significant prospects for the market growth.
The growth potential of the market is 2% through 2033.
1. Executive Summary | Citrus Yogurt Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Dairy 5.2. Non-Dairy 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 6.1. Drinkable 6.2. Spoonable 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 7.1. Organic 7.2. Conventional 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Food Service (HoReCa) 8.2. Hypermarket/Supermarket 8.3. Convenience Stores 8.4. Food & Drink Specialty Stores 8.5. Online Retail 8.6. Others 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East & Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. General Mills Inc. 17.2. The Hain Celestial Group Inc. 17.3. Nestle S.A. 17.4. Daiya Foods Inc. 17.5. Chobani LLC 17.6. Forager Project LLC 17.7. Kite Hill 17.8. Danone S.A. 17.9. Campbell Soup 17.10. ConAgra 18. Assumptions & Acronyms Used 19. Research Methodology
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Citrus Yogurt Market
