The global yogurt packaging market is anticipated to accumulate a market value of US$ 24.58 billion in 2023 and is expected to record a market valuation of US$ 39.22 billion by exhibiting a CAGR of 4.7 % in the forecast period 2023 to 2033. The market for Yogurt packaging market registered a CAGR of 3.5 % in the historical period 2018 to 2022.
The adoption of packaged food products is relatively higher, particularly among the younger generation that is aiding in market expansion of yogurt packaging solutions. In addition, increasing health issues due to malnutrition have increased the scope of yogurt packaging materials. Furthermore, the growing importance of packaging material to avoid contamination and adulteration is also expected to promote the product demand. Since dairy products like yogurt are perishable, proper, and effective packaging is required to facilitate their storage and transportation. Rising demand for small packaging owing to the convenience is expected to further fuel the market growth. Increasing preference and awareness regarding fresh products in combination with inflating disposable income and urbanization have resulted in increased demand for yogurt packaging solutions.
While demand for yogurt packaging cups will be less, healthy gains are expected for pouches and bottles, as consumer inclination toward squeezable and drinkable yogurt formats continues to rise. The ongoing popularity of yogurt as a convenient, healthy snack and as a meal supplement/substitute is driving the demand for yogurt packaging. Furthermore. increasing use of value-added yogurt packaging products like multi-compartment cups, paper cups (which provide sustainability advantages), and pouches with fitments that facilitate on-the-go consumption is expected to propel the product demand during the forecast period.
Increasing use of higher value stand-up pouches in place of traditional tubs for larger volumes of yogurt to reduce food waste and lightweight packaging is also driving the sales of yogurt packaging solutions. Moreover, increasing sales of single-serving yogurt multipacks, which are more packaging-intensive than products sold individually will also augment the demand for the product.
On the other hand, companies are shifting towards biodegradable and sustainable packaging materials that is contributing in market growth. Manufacturers are incorporating green packaging solutions that focus on using thinner materials and promote recycling.
Growing preference for flavored yogurt has increased company’s market share on account of the introduction of various fruit flavors such as chocolate, vanilla, coffee, and mint, for enhancing the aroma, taste, and texture of the product. Numerous health benefits associated with the consumption of organic flavored items are anticipated to further boost the demand.
Region-wise, North America is expected to dominate yogurt packaging market by accumulating 36% market share by end of the forecast period. The region is expected to witness increased consumption of dairy products like flavored milk and flavored low-fat yogurt. The United States is the largest milk-producing country and is witnessing a surge in the consumption of cheese; particularly Italian varieties like mozzarella, parmesan, and provolone. Growing consumer preference for convenience foods like pizza, macaroni and cheese, and packaged cheese slices is expected to drive the regional demand for dairy products packaging including yogurt. Flavored products are gaining popularity in North America which will also aid in market expansion.
Likewise, the market of Asia Pacific is expected to witness fastest CAGR of 4.5% during the forecast period. The rising consumption of dairy products like yogurt on account of its nutritional value, particularly to children in key markets including India and China. Increasing consumption of dairy products holds a significant role in improving child nutrition and enhances the lives of farmers in the region. Furthermore, dairy ranges among the top three commodities concerning the total value. These trends are projected to play a significant role in expansion of the regional market.
Data Points
Key Statistics
Expected Market Value in 2023
US$ 24.58 billion
Projected Market Value in 2033
US$ 39.22 billion
Growth Rate (2023 to 2033)
4.7% CAGR
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