The global on-the-go yoghurt market is projected to be appraised at USD 82,702.4 million by 2032, up from USD 50,428.3 million in 2022, advancing at a CAGR of 6.4% from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| On-The-Go Yoghurt Market Value (2022) | USD 50,428.3 Million |
| On-The-Go Yoghurt Market Anticipated Forecast Value (2032) | USD 82,702.4 million |
| On-The-Go Yoghurt Market Projected Growth Rate (2022 to 2032) | 6.4% |
The demand for healthy on-the-go products including the demand for on-the-go yoghurt which offers nutrients, vitamins and calcium for healthy lifestyle is gaining momentum on account of increasing busy and hectic lifestyle.
On-the-go yoghurt is available in various packaging such as pouch, bottle, cups etc. which makes it popular amongst children as well as working professionals, in turn, propelling the overall sales of on-the-go yoghurt.
Growing demand for on-the-go yoghurt is also responsible for expanding packaging industry, which manufactures novel packaging for yoghurts and makes it easy for consumers to take them on-the-go.
In addition to this, the rise in the number of working women is likely to shape the on-the-go yoghurt adoption trends to a significant extent as the focus on fulfilling the requirements of vitamins and other nutrients is growing.
On-the-go yoghurt market growth is expected to gain impetus owing to an increase in the number of launches of modified yoghurt products in the global market as well as marketing and promotional strategies adopted by global players.
Additionally, surging sales of on-the-go yoghurt in developing nations resulting from a rise in consumer disposable income may speed up the on-the-go yoghurt market size.
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The simple accessibility of yoghurt for consumption on-the-go in grocery stores, supermarkets, and hypermarkets hugely impacts the on-the-go yoghurt demand analysis.
Yogurt for consumption on-the-go comes in a variety of flavours, which makes it appealing to kids for consumption of a healthy food, thereby promoting the sales of on-the-go yoghurt internationally.
For instance, on-the-go yoghurt market trends are swayed by the Greek yoghurt with flavours that is gaining traction among consumers who are health-conscious.
According to the on-the-go yoghurt market analysis, the market is expected to grow quickly in the coming years due to the ease with which ingredients can be obtained and the growing number of new products that producers are developing.
A key factor proliferating the on-the-go yoghurt market opportunities is the adoption of cutting-edge packaging technology by important manufacturers, a good example of a cutting-edge solution being barrier technology.
By preventing light from penetrating a product without cooling it down, barrier technology helps to increase its shelf life.
Additionally, the packaging helps the on-the-go yoghurt market size expand in low-income areas and in rural areas without access to refrigerated distribution channels, such as in a number of African and Southeast Asian nations.
However, the growing use of artificial ingredients in yoghurt may have detrimental effects on consumers' health and limit the sector's ability to expand in the years to come, ultimately impacting the on-the-go yoghurt market statistics.
Yoghurt will probably be eliminated from a person's diet if they have lactose intolerance as milk contains proteins that people with lactose intolerance are unable to digest, which causes symptoms like nausea, bloating, stomach pain, etc.
This does not augur well for the on-the-go yoghurt market future trends, in turn, dwindling the overall market to a significant extent.
The market for yoghurt that can be consumed on-the-go is expanding due to the growing number of health-conscious consumers in North America.
The same is likely to contribute to the North America’s on-the-go yoghurt market share accounting for 33.7% in 2022.
The on-the-go yoghurt market in North America is to a certain extent aided by the expansion of factories producing milk-based products and investments made by international companies in expanding their production capacity.
North America is anticipated to perform smoothly in the global on-the-go yoghurt market due to the increasing consumption by people, especially Greek yoghurt.
Europe is anticipated to hold a market share of 28%, where production of yoghurt is dominated by Germany and France.
The three most successful dairy producers in Europe are French Lactalis, Swiss-based Nestlé and Paris-based Danone.
Together, they generate over 22 billion dollars in sales annually, making them the top producers globally, fuelling the region’s on-the-go yoghurt market trends and forecast.
In European nations, yoghurt consumption is very high per capita, and the same is likely to support the Europe on-the-go yoghurt market growth.
How is the Start-up Ecosystem in the On-The-Go Yoghurt Market?
Hamdi Ulukaya has created a USD 700 million start-up that is profitable, market-dominant, and expanding quickly in just four short years, something that even Silicon Valley types covet.
This is the traditional food that needs to be made, packaged, and shipped to large grocery store chains, which, if they choose to stock their shelves, will eventually distribute it to customers.
It introduced new yoghurt drink varieties, more Flip mix-in product variations, new yoghurt flavours, and a concept café inside a Manhattan Target in 2016.
Additionally, the yoghurt industry is cutthroat, boasting venerable brands like Yoplait, Fage, and Dannon who ruled the Greek yoghurt market before Ulukaya appeared.
Some of the key players in the on-the-go yoghurt market include Origin Food Group, LLC, The Nemours Foundation, Materne North America Corp., B&G Foods, Inc., Chobani, LLC, Alpro UK (Ltd.), Go Greek Yogurt, Sprout Organic Foods, etc.
To augment their on-the-go yoghurt market share, maintain market competition, and boost profitability, players in the global on-the-go yoghurt industry have adopted a variety of developmental strategies.
These strategies include mergers & acquisitions, product launches, partnerships, collaborations, etc., and the same are creating a conducive environment for the on-the-go yoghurt market key trends & opportunities to thrive.
One of the recent developments in the on-the-go yoghurt market is:
The two recently introduced product lines are intended to capitalise on the trends of sugar reduction and plant-based diets.
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| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Type, Packaging Type, Distribution Channel, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; The Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Origin Food Group, LLC; The Nemours Foundation; Materne North America Corp.; B&G Foods, Inc.; Chobani, LLC; Alpro UK (Ltd.); Go Greek Yogurt; Sprout Organic Foods |
| Customization | Available Upon Request |
The global on-the-go yoghurt market is projected to advance at a CAGR of 6.4% (2022 to 2032).
The anticipated North America on-the-go yoghurt market share is 33.7% in 2022.
The on-the-go yoghurt market likely to account for USD 82,702.4 million by 2032.
| Estimated Market Size (2024E) | USD 333.3 million |
|---|---|
| Projected Market Value (2034F) | USD 642 million |
| Value-based CAGR (2024 to 2034) | 6.8% |
| Market Estimated Size (2023E) | USD 44,808.5 million |
|---|---|
| Projected Market Valuation (2033F) | USD 79,147.2 million |
| Value-based CAGR (2023 to 2033) | 5.9% |
| Market Value in 2023 | USD 1,160.1 Million |
|---|---|
| Market Value in 2033 | USD 1,784.4 Million |
| Growth Rate (2023 to 2033) | 4.4% |
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