China Yogurt Market

Yogurt is a fermented milk product containing bacterial such as streptococcus thermophilus and lactobacillus bulgaricus. It is a rich source of calcium, proteins, riboflavin, vitamins B 6 and B 12, magnesium, and potassium. Yogurt is consumed in various forms such as in beverages, desserts, snacks, sports drinks, and other forms. Greek yogurt, yogurt drinks, frozen yogurt, and others are a different form of yogurt which are available in the market.

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Growing awareness regarding the benefits of yogurt among consumers is one of the key factors driving the growth of the China yogurt market. Moreover, increasing disposable income along with growing health awareness among the people will boost the growth of China yogurt market. The health benefits related to yogurt such as lowers the epidemic chances of osteoporosis, type 2 diabetes, colorectal cancer, bad cholesterol, digestive problems, high blood pressure, obesity, improves immune system and enhances weight & fat loss is paving the way for China yogurt market. In addition, rising consumption of flavored yogurt and increasing consumer preference towards healthy eating habits will further support the China yogurt market. Moreover, rapid urbanization and scale of commercialization in the adoption of healthy diets will also drive the china yogurt market. The factors hampering the china yogurt market include the usage of artificial flavors and colors, which may lead to the allergic reaction and inflammation to consumers.

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Based on the Product, Regular Yogurt is projected to lead the market during the forecast period owing to its widespread availability and low price of regular yogurt as compared to fat free yogurt. In addition, regular yogurt is readily available across the online and offline channels. Fat free yogurt is expected to grow at a higher CAGR during the forecast period due to the growing awareness regarding the consumption of healthy and fat free products among consumers.

Based on the Form, the Set Yogurt is expected to grow at a faster CAGR due to the increasing usage of set yogurt in different types of cooking recipe and is widely consumed as a dessert. In addition, set yogurt is fermented in lesser time as compared to other yogurt forms will further support the demand for set yogurt segment. Frozen yogurt and yogurt drink are projected to grow in the upcoming years owing to the high availability of regular and flavored yogurt and also provide health benefits to consumers.

Based on the Distribution Channel, Supermarkets distribution channel is anticipated to hold the major share in the China Yogurt market owing to the availability of a wide range of products from numerous brands under one roof. Moreover, Supermarkets offer access to cold storage that is important for perishable dairy products, which will further contribute towards growth of the supermarket segment. Online distribution channel is predicted to grow at the highest CACR in the China Yogurt market due to the rising penetration of the internet and increasing consumer preference of purchasing online.

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Various notable players operating in the market, include Yili Group, China Mengniu Dairy Company Limited, Bright Dairy & Food Co, Xinjiang Tianrun Dairy, Shijiazhuang Junlebao Dairy Co., Ltd, Beijing Sanyuan Foods, Fujian Haocaitou Food, Huaxia Dairy Farm, Nestle, Danone SA, among others.

 Key Developments:

• • In 2019, Yili Group completed the acquisition of Westland Co-operative Dairy Company Limited. Through this acquisition, the company planned to cater the growing demand for dairy products and increase their presence in New Zealand.

The China Yogurt market has been segmented on the basis of product type, form and distribution channel. Based on product type, the market is segmented into Regular Yogurt and Fat Free Yogurt. Based on form, the market is segmented into Set Yogurt, Frozen Yogurt, Greek Yogurt and Yogurt Drinks. Based on distribution channel, the market is segmented into online, supermarkets, Grocery Stores, Convenience stores, and others.

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Key questions answered in this research report:

• • At what pace is China Yogurt market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in China Yogurt market? What will be the impact of drivers and restraints in the future?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What are the various forms of China Yogurt market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

China Yogurt Market by Product Type

• • Regular Yogurt
  • Fat Free Yogurt

China Yogurt Market by Form

• • Set Yogurt
  • Frozen Yogurt
    • Regular
    • Flavored
  • Greek Yogurt
  • Yogurt Drinks
    • Regular
    • Flavored

China Yogurt Market by Distribution Channel

• • Online
  • Grocery Stores
  • Supermarkets
  • Convenience Stores
  • Others

China Yogurt Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Yili Group
  • China Mengniu Dairy Company Limited
  • Bright Dairy & Food Co
  • Xinjiang Tianrun Dairy
  • Shijiazhuang Junlebao Dairy Co., Ltd
  • Beijing Sanyuan Foods
  • Fujian Haocaitou Food
  • Huaxia Dairy Farm
  • Nestle
  • Danone SA