The global yogurt packaging market is anticipated to accumulate a market value of US$ 24.58 billion in 2023 and is expected to record a market valuation of US$ 39.22 billion by exhibiting a CAGR of 4.7 % in the forecast period 2023 to 2033. The market for Yogurt packaging market registered a CAGR of 3.5% in the historical period 2018 to 2022.
The adoption of packaged food products is relatively higher, particularly among the younger generation that is aiding in market expansion of yogurt packaging solutions. In addition, increasing health issues due to malnutrition have increased the scope of yogurt packaging materials. Furthermore, the growing importance of packaging material to avoid contamination and adulteration is also expected to promote the product demand. Since dairy products like yogurt are perishable, proper, and effective packaging is required to facilitate their storage and transportation. Rising demand for small packaging owing to the convenience is expected to further fuel the market growth. Increasing preference and awareness regarding fresh products in combination with inflating disposable income and urbanization have resulted in increased demand for yogurt packaging solutions.
While demand for yogurt packaging cups will be less, healthy gains are expected for pouches and bottles, as consumer inclination toward squeezable and drinkable yogurt formats continues to rise. The ongoing popularity of yogurt as a convenient, healthy snack and as a meal supplement/substitute is driving the demand for yogurt packaging. Furthermore. increasing use of value-added yogurt packaging products like multi-compartment cups, paper cups (which provide sustainability advantages), and pouches with fitments that facilitate on-the-go consumption is expected to propel the product demand during the forecast period.
Increasing use of higher value stand-up pouches in place of traditional tubs for larger volumes of yogurt to reduce food waste and lightweight packaging is also driving the sales of yogurt packaging solutions. Moreover, increasing sales of single-serving yogurt multipacks, which are more packaging-intensive than products sold individually will also augment the demand for the product.
On the other hand, companies are shifting towards biodegradable and sustainable packaging materials that is contributing in market growth. Manufacturers are incorporating green packaging solutions that focus on using thinner materials and promote recycling.
Growing preference for flavored yogurt has increased company’s market share on account of the introduction of various fruit flavors such as chocolate, vanilla, coffee, and mint, for enhancing the aroma, taste, and texture of the product. Numerous health benefits associated with the consumption of organic flavored items are anticipated to further boost the demand.
Region-wise, North America is expected to dominate yogurt packaging market by accumulating 36% market share by end of the forecast period. The region is expected to witness increased consumption of dairy products like flavored milk and flavored low-fat yogurt. The United States is the largest milk-producing country and is witnessing a surge in the consumption of cheese; particularly Italian varieties like mozzarella, parmesan, and provolone. Growing consumer preference for convenience foods like pizza, macaroni and cheese, and packaged cheese slices is expected to drive the regional demand for dairy products packaging including yogurt. Flavored products are gaining popularity in North America which will also aid in market expansion.
Likewise, the market of Asia Pacific is expected to witness fastest CAGR of 4.5% during the forecast period. The rising consumption of dairy products like yogurt on account of its nutritional value, particularly to children in key markets including India and China. Increasing consumption of dairy products holds a significant role in improving child nutrition and enhances the lives of farmers in the region. Furthermore, dairy ranges among the top three commodities concerning the total value. These trends are projected to play a significant role in expansion of the regional market.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 24.58 billion |
| Projected Market Value in 2033 | US$ 39.22 billion |
| Growth Rate (2023 to 2033) | 4.7% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing Yogurt packaging are expected to create lucrative opportunities for market growth during the forecast period.
Yogurt is a dairy product that is prepared by bacterial fermentation of milk. In recent times, it has been a popular dairy product for an average milk-consuming person. Consumption of yogurt has witnessed growth in most of the developed and developing countries due to its antioxidant properties and protection against osteoporosis to relieving irritable bowel disease and aiding digestion.
Yogurt is packed in sealable and barrier film enabled containers, pouches, and cups that keep it safe from light, dust and moisture and extend its shelf life. Yogurt packaging is also lightweight and extremely handy, since yogurt is highly perishable and is purchased by a normal consumer in low quantities.
All the leading packaging companies of dairy products worldwide are trying to own a stake in the yogurt packaging market. Yogurt is mostly packed in PE-HD bottles sealed with heat-sealed closures, aluminum containers, molded cups and pouches. In addition, bottles made of other materials, like plastic (PET) are in made by some manufacturers.
For a longer shelf life, heat-treated drinking-yogurt products packaging materials are made from plastic, aluminium foil and paperboard with good heat bearing capacities and light-barrier properties. Flexible yogurt packaging is aseptic and sterilized to avoid contamination of yogurt through packed material.
With the rise of e-commerce and presence of retailers online, yogurt is supplied to the customer within an hour to a day, which is a boost to the yogurt packaging industry. Manufacturers are constantly finding new ways to develop yogurt packaging that could preserve it and extend its shelf life without refrigerating or cooling it.
The global packaging market is pushing itself towards a plastic-free society, although the plastic packaging market is flourishing in FMCG sector but regulations posed by many countries are forcing packagers to change their material towards a more eco- friendly substance like paper or molded fibre.
Yogurt packaging plastic is a recyclable plastic and is popular in demand by customers and manufacturers. Vegan yogurt is a recent trend in the yogurt market, which utilizes almond, coconut or soymilk and packing it is a challenge for the manufacturers, who are coming up with new designs and shapes for vegan yogurt packaging.
Principal Consultant
Asia Pacific and Middle East already consume high milk products and are mature markets for yogurt packaging but they have potential to rise with upcoming vegan yogurt packaging market. North America and Europe are lucrative markets and provide high technology for packaging, which is a positive driver for expansion of yogurt packaging in these regions.
Africa and neighbouring regions remain underperforming markets for yogurt packaging but are believed to gain traction and increase sales for yogurt and hence positively affecting yogurt packaging.
Key players in the yogurt packaging market are -
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on yogurt packaging market segments and geographies.
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Packaging
July 2023
REP-GB-1380
306 pages
Explore Packaging Insights
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Yogurt Packaging Market
