SAN FRANCISCO, Sept. 23, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Low-Fat Yogurt - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 8; Released: April 2021 Executive Pool: 691 Companies: 55 - Players covered include Brookside Dairy Limited; Chi Limited; Chobani; Clover S.A.; Danone; General Mills; Jesa Farm Dairy; Juhayna Food Industries; Kraft Foods Group; Lausanne Dairies; Muller UK and Ireland Group LLP; Nestle; Parmalat S.p.A.; Rainy Lanes Dairy Foods; Sameer Agriculture and Livestock Limited; Sodiaal; Ultima Foods Inc.; Yakult Honsha and Others. Coverage: All major geographies and key segments Segments: Origin (Organic, Non-Organic); Type (Flavored, Fruit, Plain) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific ( Australia; India; South Korea; and Rest of Asia-Pacific); Latin America ( Argentina; Brazil; Mexico; and Rest of Latin America); Middle East ( Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Low-Fat Yogurt Market to Reach $28.7 Billion by 2026Amid the COVID-19 crisis, the global market for Low-Fat Yogurt estimated at US$16.9 Billion in the year 2020, is projected to reach a revised size of US$28.7 Billion by 2026, growing at a CAGR of 9% over the analysis period. Organic, one of the segments analyzed in the report, is projected to record a 9.6% CAGR and reach US$19 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Organic segment is readjusted to a revised 8.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5 Billion in 2021, While China is Forecast to Reach $5.8 Billion by 2026The Low-Fat Yogurt market in the U.S. is estimated at US$5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.8 Billion by the year 2026 trailing a CAGR of 12.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7% CAGR. More
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SOURCE Global Industry Analysts, Inc.