The global skim yogurt market revenue was around US$ 4.6 billion in 2023 and is estimated to reach US$ 8.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period from 2024 to 2032.
Skim yogurt is a fermented product made by adding bacterial fermentation to milk. The bacteria which are utilized for making yogurt are known as yogurt cultures. The fermentation process assists in transforming natural lactose or sugars in the milk into lactic acid.
Market Driving Factors
The increase in veganism and plant-based diets propel the market expansion. This is primarily due to the manufacturers creating creative plant-based alternatives utilizing ingredients like almond, soy, oats, and coconut to cater to the surging demand from lactose-intolerant and vegan consumers.
The rising demand for natural and organic products drives the market growth. Consumers are surging conscious of the ingredients utilized in their food and are willing to spend a premium for products made from natural and organic sources. Therefore, this trend has led to the introduction of natural and organic skim yogurt options in the market.
Skim yogurt manufacturers are leveraging promotional campaigns and marketing to create awareness and educate customers about the advantages of consuming skim yogurt. Furthermore, collaborations with social media campaigns, health and fitness influencers, and product endorsements are some of the techniques employed to engage consumers and propel market growth.
Online distribution channels are one of the main platforms where transactions of counterfeited brands can be effortlessly concealed. Therefore, the development of the counterfeited industry is expected to impede the sale of the existing original skim yogurt brands in the market.
Regional Analysis
Asia-Pacific dominated the market in terms of the rate and is estimated to continue its dominance. This can be primarily attributed to the surge in the adoption of Western lifestyles, the increase in population, and the growth in the disposable income of customers. Furthermore, surges in awareness regarding flavored skim yogurt products and their associated advantages have further propelled the market growth in the region.
North America dominates the market in terms of the highest shares. This is mainly owing to the high spending abilities of people owing to the surge in disposable incomes and financial stability. In addition, rising innovation in products by enterprises to grow their business operations across various nations in this region.
Segmentation Insights
Type Insight
The plain yogurt segment is estimated to dominate the market in terms of growth rate. This is due to the rising regular consumption of plain yogurt pre-meal and with-meal to influence satiety, control energy, and for preventing obesity. Additionally, it also aids in decreasing high blood pressure and maintaining the cholesterol level. Moreover, plain yogurt is effortlessly available in online channels, hypermarkets, convenience stores, and others which also boosts the market growth.
The flavored yogurt segment dominates the market in terms of the shares. This is primarily owing to the surge in consumption of flavored yogurt as a dessert and also as an important ingredient for a healthy diet for people.
Nature Insight
The conventional segment dominates the market in terms of shares. This is because an increase in demand for conventional skim yogurt is from the commercial segment due to the bulk need at low costs. Moreover, conventional skim yogurt is largely utilized in restaurants, food & beverages, hotels, and others which also results in boosting the market growth.
Distribution Channel Insight
The hypermarket and supermarket segment is predicted to dominate the market in terms of revenue. This is primarily owing to that this segment provides a broad variety of food and household products, mainly organized and categorized on large shelves.
Prominent Companies
Segmentation Outline
The global skim yogurt market segmentation focuses on the Type, Nature, Distribution Channel, and Region.
By Type
By Nature
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL SKIM YOGURT MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: SKIM YOGURT MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL SKIM YOGURT MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL SKIM YOGURT MARKET, BY TYPE
5.1 OVERVIEW
5.2 PLAIN YOGURT
5.3 FLAVORED YOGURT
5.4 FRUITS YOGURT
6 GLOBAL SKIM YOGURT MARKET, BY NATURE
6.1 OVERVIEW
6.2 ORGANIC
6.3 CONVENTIONAL
7 GLOBAL SKIM YOGURT MARKET, BY DISTRIBUTION CHANNEL
7.1 OVERVIEW
7.2 HYPERMARKET AND SUPERMARKET
7.3 SPECIALTY STORES
7.4 CONVENIENCE STORES
7.5 ONLINE SALES CHANNEL
7.6 OTHERS
8 GLOBAL SKIM YOGURT MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL SKIM YOGURT MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 GUJARAT CO-OPERATIVE MILK MARKETING FEDERATION LTD
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 BYRNE DAIRY
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 NESTLE S.A
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 TILLAMOOK DAIRY CO-OP
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 GENERAL MILLS INC
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 DANONE INC.
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 MOTHER DAIRY FRUIT AND VEGETABLE PVT LTD
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 MULLER UK AND IRELAND GROUP LLP
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 JUHAYNA FOOD INDUSTRIES
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 WALLABY YOGURT COMPANY
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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