An innovative growing sector
The international yoghurt and fermented milks market represents € 63.2 billion and 31.6 million tons produced per year (1) with North America, Europe and Asia accounting for 77% of the market.
Sales of yoghurt and fermented milks also continue to expand worldwide, most noticeably in emerging markets such as China, Brazil and Russia, as well as in countries in the Middle East, North Africa and Latin America.
In the span of 5 years, the global sales value increased of about 39%.
The European yoghurt market has experienced continuous growth in recent years. Between 2007 and 2012, it went from € 20.1 billion to € 23.4 billion, which represents an increase of 16% over five years (2).
In the past decade, the probiotic foods and beverages sector has seen an average annual growth of 6%.
In 2013, the retail value of probiotic fermented milks in the EU was €4.7bn (28.6% of the total yoghurt market), up from €670m (8.4% of the total yoghurt market) in 1996 (3)".
(2) & (3) Euromonitor International