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Savory Yogurt Foods Market Share Evolution and Market Growth Trends 2024 - 2031


Market Overview and Report Coverage


Savory yogurt foods are a growing trend in the market, appealing to those looking for healthier and more savory alternatives to traditional sweet yogurt options. These products typically incorporate ingredients like herbs, spices, vegetables, and even meats to create a more savory flavor profile.

The Savory Yogurt Foods Market is expected to grow at a CAGR of % during the forecasted period. The increasing awareness of the health benefits of yogurt, as well as the rising demand for convenient and nutritious snack options, are driving the growth of this market. Consumers are also becoming more adventurous in their food choices, leading to an increased interest in unique and flavorful yogurt options.

In terms of market outlook and growth analysis, the Savory Yogurt Foods Market is expected to continue expanding as more brands enter the market and introduce new savory yogurt products. The market forecast predicts steady growth in the coming years, fueled by consumers' growing interest in healthier and more diverse food options. Some of the latest trends in the market include the introduction of new flavor combinations, innovative packaging, and marketing strategies to attract a wider consumer base. Overall, the future looks bright for the savory yogurt foods market, with opportunities for continued growth and innovation.


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Market Segmentation


The Savory Yogurt Foods Market Analysis by types is segmented into:


  • Drinks
  • Desserts
  • Other


 


Savory yogurt foods have been increasingly popular in various markets, with products available in different forms such as drinks, desserts, and other unique offerings. Yogurt drinks are often convenient for on-the-go consumption, while yogurt-based desserts provide a tasty treat for those with a sweet tooth. In addition to these traditional options, the savory yogurt market also includes innovative products like yogurt dips, spreads, and dressings, catering to a wider range of culinary preferences and needs.


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The Savory Yogurt Foods Market Industry Research by Application is segmented into:


  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Specialist Retailers
  • Other


 


Savory yogurt foods market applications include supermarkets and hypermarkets, where these products are readily available for consumers looking for convenient and varied options. Independent retailers also play a role in offering savory yogurt foods to cater to niche markets and specialty products. Specialist retailers focus on providing high-quality and unique savory yogurt options to discerning customers. Additionally, other markets such as online platforms and food service providers also contribute to the availability and accessibility of savory yogurt foods to a wider audience.


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In terms of Region, the Savory Yogurt Foods Market Players available by Region are:



North America:


  • United States

  • Canada



Europe:


  • Germany

  • France

  • U.K.

  • Italy

  • Russia



Asia-Pacific:


  • China

  • Japan

  • South Korea

  • India

  • Australia

  • China Taiwan

  • Indonesia

  • Thailand

  • Malaysia



Latin America:


  • Mexico

  • Brazil

  • Argentina Korea

  • Colombia



Middle East & Africa:


  • Turkey

  • Saudi

  • Arabia

  • UAE

  • Korea




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What are the Emerging Trends in the Global Savory Yogurt Foods market?


The global savory yogurt foods market is experiencing several emerging and current trends. There is a growing demand for healthier and more functional food options, leading to an increase in savory yogurt products. Consumers are seeking unique flavor combinations and ingredients, such as herbs, spices, and vegetables, in their yogurt.

There is also a focus on innovation and product development in the savory yogurt market, with companies introducing new formulations and packaging to attract consumers. Additionally, the rise of plant-based and dairy-free yogurt options is gaining popularity among health-conscious individuals. Overall, the savory yogurt foods market is expected to continue growing as consumers look for healthier and flavorful alternatives to traditional yogurt varieties.


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Major Market Players


Nestle and Danone are two of the key players in the savory yogurt foods market. Nestle offers a wide range of yogurt products under brands such as Nestle Yogurt and Sveltesse, catering to the increasing consumer demand for healthier snack options. Danone, on the other hand, popular for its Activia and Danio brands, has been focusing on innovation and product development to cater to different flavor preferences and dietary needs.

Amul, known for its wide reach and strong distribution network in India, has also been expanding its savory yogurt offerings to meet the growing demand for healthier alternatives in the Indian market. China Mengniu Dairy, another prominent player, has been capitalizing on the increasing popularity of yogurt among Chinese consumers by offering a variety of flavors and packaging options.

Amongst the other players, Icelandic Milk and Skyr have been gaining traction in the market due to the rising popularity of Icelandic yogurt and its perceived health benefits. Blue Hill, known for its organic and locally-sourced ingredients, has been targeting health-conscious consumers looking for premium yogurt products.

In terms of market growth, the savory yogurt foods market is expected to witness significant growth in the coming years, driven by increasing consumer awareness about the health benefits of yogurt consumption. The market size is projected to reach USD billion by 2026, with a CAGR of 5.3% during the forecast period.

In terms of sales revenue, Nestle reported sales of CHF 84.3 billion in 2020, while Danone reported sales of EUR 23.6 billion. Amul, on the other hand, reported sales of INR 39,238 crore in 2020. These figures highlight the strong market position and revenue growth of these key players in the savory yogurt foods market.


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27 Jun 2024
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