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Europe Yogurt Market Size By Type, By Flavor, By Distribution Channel, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Europe Yogurt Market Size By Type, By Flavor, By Distribution Channel, By Geographic Scope And Forecast

Europe Yogurt Market Size And Forecast

Europe Yogurt Market size was valued at USD 20.82 Billion in 2023 and is projected to reach USD 30.79 Billion by 2030, growing at a CAGR of 5.01% during the forecast period 2024-2030.

The Europe Yogurt Market refers to the collective sales and consumption of yogurt products across European countries. It encompasses various types of yogurt, including regular yogurt, Greek yogurt, flavored yogurt, and other yogurt variants. The market includes products sold through retail channels such as supermarkets, hypermarkets, convenience stores, online retail, and specialty stores. It also encompasses yogurt products consumed in food service establishments such as restaurants, cafes, and hotels.

Europe Yogurt Market Drivers

The market drivers for the Europe Yogurt Market can be influenced by various factors. These may include

  • Growing Health Consciousness Throughout Europe, there is a growing movement toward wellness lifestyles and wholesome eating practices. Because yogurt has a high protein content and is packed with probiotics, vitamins, and minerals, it is seen to be a nutritious meal choice. Demand in the market is being driven by consumers’ growing desire for yogurt products that provide health benefits such as enhancing immunity, managing weight, and improving intestinal health.
  • Diverse Product Innovations To adapt to changing consumer tastes and broaden their product offers, European yogurt manufacturers are always coming up with new ideas. In order to meet the needs of various consumer segments and dietary requirements, this involves developing new flavors, formulations (such as Greek yogurt, skyr, and plant-based yogurt alternatives), packaging formats (such as single-serve cups, pouches, and drinkable yogurts), and functional yogurt varieties (such as low-fat, organic, lactose-free, fortified with vitamins or probiotics).
  • Practicality and Mobile Consumption Yogurt products that are appropriate for eating on the go are growing in popularity due to busy lives and the growing desire for convenient and portable snack options. Yogurt drinks, single-serve cups, and yogurt-based snacks including parfaits, smoothies, and yogurt-covered fruits are popular among those looking for portable, high-nutrient snacks that they can eat anytime, anyplace.
  • Growing Need for Dairy Alternatives Although traditional dairy yogurt is still widely consumed, customers looking for dairy-free, vegan, or lactose-intolerant options are becoming more and more interested in plant-based yogurt substitutes. To increase market share and appeal to a wider range of consumers, producers are launching a range of plant-based yogurt products derived from substitute components such as soy, almond, coconut, oats, and cashews.
  • Expanded Retail Distribution Channels One factor driving market expansion is yogurt products’ accessibility through a variety of retail channels, such as supermarkets, hypermarkets, convenience stores, specialized shops, internet merchants, and food service establishments. Yogurt goods are more easily accessible to customers thanks to widely available distribution channels, which promote consumption and market growth.
  • Great Cultural Influence Yogurt is a staple meal that has been consumed for generations in many European countries, giving it cultural significance. Because of this cultural legacy, yogurt products are widely accepted and consumed throughout Europe, creating a strong business with a devoted customer base.
  • Regulatory Support and Nutritional Awareness Consumer confidence and trust in yogurt products are bolstered by regulatory activities that support food safety, quality standards, and nutritional labeling. Requirements for nutritional labeling give consumers clear information about the ingredients, nutritional value, and health claims made on yogurt products. This information helps consumers make educated decisions and increases demand for goods that are seen as nourishing and healthful.

Europe Yogurt Market Restraints

Several factors can act as restraints or challenges for the Europe Yogurt Market. These may include

  • Saturation in Mature Markets The yogurt markets in several European nations are well-established and extremely saturated. Growth prospects in these developed markets can be restricted if the market gets closer to saturation. This may result in the fierce rivalry between yogurt producers, pressure to lower prices, and difficulties in capturing market share.
  • Competition from Non-Dairy and Alternative Dairy Goods Plant-based yogurts manufactured from soy, almond, coconut, or oat milk are among the non-dairy goods that compete with yogurt on the European market. Furthermore, among consumers looking for dairy-free options, non-dairy yogurt substitutes including soy yogurt, coconut yogurt, and almond yogurt have grown in popularity. In Europe, traditional dairy yogurt’s market share and growth prospects may be impacted by competition from these substitute products.
  • Health and Nutritional Concerns Although yogurt is frequently thought of as a healthy food choice because of its probiotic content and nutritional advantages, some customers may be discouraged from buying yogurt products because of worries about its sugar content, artificial chemicals, and additives. Traditional yogurt manufacturers in Europe may face challenges from health-conscious consumers who choose yogurt alternatives with reduced sugar content, organic ingredients, or additional functional benefits.
  • Price Sensitivity European customers’ sensitivity to price may have an effect on their choices when it comes to yogurt. Customers may place a higher priority on pricing than brand loyalty or product distinction in competitive markets with several yogurt brands and private-label possibilities. Yogurt producers frequently employ price promotions, discounts, and exclusive deals to draw in price-conscious customers, which puts pressure on prices and limits their profit margins.
  • Regulatory Environment Strict laws governing food safety, labeling, and quality requirements apply to the European yogurt market. Yogurt manufacturers may face difficulties adhering to regulatory standards, such as EU legislation regarding the composition and labeling of dairy products, especially if their business operates in different EU member states. Investing in testing, documentation, and quality control procedures may be necessary to maintain compliance and adjust to changing regulatory requirements.
  • Seasonal fluctuations in Demand In Europe, there may be seasonal fluctuations in the demand for yogurt products, with higher levels of consumption during the warmer months and lower levels during the colder months. Demand variations throughout the year can have an effect on yogurt producers’ marketing plans, inventory control systems, and production schedules. Accurate demand forecasting, adaptable manufacturing, and attentive supply chain management are necessary for managing seasonality.
  • Distribution and Logistics Challenges To guarantee that yogurt products are available throughout Europe’s different geographic regions, effective distribution and logistics are crucial. Yogurt producers may face obstacles that impair the effectiveness of their supply chain and distribution network, including perishability concerns, infrastructural constraints, and high transportation costs. Optimization of transportation routes, cold chain management, and inventory replenishment techniques are necessary to address distribution and logistical difficulties.
  • Consumer Preferences and Trends The demand for yogurt products in Europe may be impacted by shifting consumer preferences, dietary trends, and lifestyle decisions. Yogurt consumption trends can be influenced by elements including the growing interest in health and wellness, the need for quick on-the-go snacks, and tastes for novel flavors and formats. For yogurt producers to be competitive and relevant in the market, they need to keep up with customer trends and tastes.

Europe Yogurt Market Segmentation Analysis

The Europe Yogurt Market is Segmented on the basis of Type, Flavor, Distribution Channel, and Geography.

Europe Yogurt Market, By Type

  • Traditional Yogurt Plain or flavored yogurt made from milk and active bacterial cultures such as Lactobacillus bulgaricus and Streptococcus thermophilus, typically fermented in containers for a specific period.
  • Greek Yogurt Thick and creamy yogurt that undergoes straining to remove whey, resulting in a higher protein content and thicker consistency compared to traditional yogurt
  • Icelandic Skyr Thick and creamy yogurt similar to Greek yogurt but with a milder flavor and smoother texture, originating from Iceland and gaining popularity in Europe.
  • Plant-based Yogurt Yogurt made from non-dairy alternatives such as soy, almond, coconut, or oat milk, suitable for consumers with lactose intolerance or dietary preferences.
  • Drinkable Yogurt Yogurt in liquid form, often flavored and packaged in bottles or pouches for convenient consumption on the go.
  • Frozen Yogurt Yogurt that has been frozen and churned to create a smooth and creamy texture, often served as a dessert or snack.

Europe Yogurt Market, By Flavor

  • Plain/Unflavored Yogurt without added flavorings or sweeteners, offering a natural taste and versatility for use in cooking, baking, or mixing with fruits and toppings.
  • Fruit Yogurt flavored with fruit purees, extracts, or pieces, available in a variety of flavors such as strawberry, blueberry, peach, raspberry, and mango.
  • Vanilla Yogurt flavored with vanilla extract or vanilla bean, offering a sweet and aromatic flavor profile that pairs well with fruits and nuts.
  • Chocolate Yogurt flavored with cocoa powder, chocolate syrup, or chocolate chips, offering a rich and indulgent taste reminiscent of chocolate desserts.

Europe Yogurt Market, By Distribution Channel

  • Supermarkets and Hypermarkets Yogurt is sold through large retail chains such as supermarkets, hypermarkets, and grocery stores, offering a wide selection of brands, flavors, and packaging options.
  • Convenience Stores Yogurt is available in convenience stores and gas stations, offering single-serve portions and grab-and-go options for on-the-go consumption.
  • Online Retail Yogurt is purchased through e-commerce platforms and online grocery delivery services, offering convenience and accessibility for consumers to order yogurt from the comfort of their homes.
  • Specialty Stores Yogurt is sold through specialty food stores, health food stores, and organic markets, offering premium and niche brands, as well as artisanal and gourmet varieties.

Europe Yogurt Market, By Geography

  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy

Key Players

The major players in the Europe Yogurt Market are

  • Nestle
  • Lactalis
  • Yoplait
  • Chobani
  • Stonyfield Greek
  • Danone
  • Fage
  • Ehrmann
  • Müller
  • Zott

Report Scope

Report AttributesDetails
Study Period

2020-2030

Base Year

2023

Forecast Period

2024-2030

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Nestle, Lactalis, Yoplait, Chobani, Stonyfield Greek, Danone, Fage, Ehrmann, Müller, Zott.

Segments Covered

By Type, By Flavor, By Distribution Channel, and By Geography.

Customization scope

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Analyst’s Take

In conclusion, the Europe Yogurt Market is experiencing steady growth driven by factors such as increasing health consciousness among consumers, the growing popularity of yogurt as a probiotic-rich food, and the introduction of innovative yogurt flavors and formulations by manufacturers. The market is characterized by strong competition among key players who are focusing on product diversification, marketing strategies, and distribution channels to expand their market presence. With the rising demand for healthier food options and the continuous introduction of new yogurt products, the Europe Yogurt Market is expected to continue its growth trajectory in the coming years.

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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