Probiotic Yogurt Market will Exhibit a Steady 6.86% CAGR through 2029

(Markitwired via Comtex)

VALLEYCOTTAGE, N.Y. - Probiotic yogurt sales closed in on US$ 20 billion in 2018, whichare likely to increase at a healthy pace over the coming years. A new researchintelligence report of Future Market Insights (FMI) envisages over 6% Y-o-Ygrowth in the probioticyogurt market revenues, in 2019. Spoonable probiotic yogurt continues toattract more than 3/4th of total revenues, when compared todrinkable probiotic yogurt products.

Increasing being perceived as a healthy snack owing to thepresence of a balanced source of proteins, carbohydrates, fats, minerals, andvitamins, probiotic yogurt is enjoying billowing sales prominently because ofthe gut-friendly flora that plays a crucial role in healthy digestion. The richnutritional profile of probiotic yogurt prominently supports weight loss, bloodsugar and cholesterol regulation, and bone density improvement.

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While these health benefits continue to elevate the scope ofpenetration for probiotic yogurt and similar products, the widespreadavailability in a multitude of flavors is currently among the most significantfactors boosting probiotic yogurt sales in the market. Innovations such as mixfruit yogurt, and high-fiber or high-protein yogurt are likely to furthertranslate into increase in the popularity of probiotic yogurt amonghealth-conscious population.

Sales of Plant-based Probiotic Yogurt to Proliferate

A majority of probiotic yogurt consumption is animal-based,according to the report. However, with the trends of vegetarianism and veganismsignificantly influencing sales of various F&B products, it is highlylikely that the sales of probiotic yogurt will remain impacted by these trends.The report suggests that the demand for plant-based probiotic yogurt will risein forthcoming years, on the back of robust popularity of animal-basedprobiotic yogurt.

According to Genetics Home Reference, after infancy, around 65% ofthe global human population has a decreased ability to digest lactose, which isa more commonplace condition across East Asia and Western Africa. Key playersin the probiotic yogurt market are thus focusing on developing plant-based probioticyogurt products to capture the expanding lactose-intolerant as well as veganpopulation.

Preview Analysis Global Probiotic Yogurt Market Segmentation ByProduct Type (Drinkable Probiotic Yogurt, Spoonable ProbioticYogurt); By Source (Animal-based, Plant-based); By Flavour(Regular/ Unflavoured, Flavoured); By Fat Content (Regular/ WholeMilk, Low-Fat, Fat-Free):

R&D to Remain Key Focus Area for Manufacturers

In the backdrop of intense competition among leading playersactive in the probiotic yogurt industry, some of the key companies are focusingtheir strategies to align with the current market trends. The worldwide veganpopulation has showcased 4X expansion over 2012-2017, which reflects a strongrate of growth in the trend of veganism. Augmenting investments in research anddevelopment of innovative vegan probiotic yogurt will be thus an importantstrategy adopted by manufacturers, according to FMI's study.

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Low-Sugar & Low-Fat Products to Attract Wider Consumer Base

With the increase in health-awareness among consumers, there hasbeen a significant change in the lifestyle and consumption patterns. Consumersare demanding product insights and specifications to keep a track of theircalorie intake. Moreover, the preference low-sugar and low-/no fat products isincreasing. At the same time, compromise on the taste. Thus, key market playersare trying to develop low fat and zero fat probiotic yogurt in a variety ofdifferent flavors to enlarge their customer base.

FMI's analysis indicates that besides Europe and North America,the probiotic yogurt market in China has also been demonstrating impressivegrowth scenario over the recent past. Whereas, the evolving dietary patternsand rising consumer proclivity for nutritionally rich food products is highlylikely to account for the strong demand growth outlook estimated for the AsiaPacific region.

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