LONDON–The global yogurt market research report by Technavio predicts the market to post a CAGR of more than 5% during the period 2019-2023.
Supermarkets and hypermarkets are the largest sales channels for yogurt. Thus, the growth in the number and penetration of these modern retail channels has helped in making yogurt more accessible and available to a broader consumer base. The market vendors have been collaborating with large modern retail chains for the launch of their products in supermarkets and hypermarkets, thereby gaining more visibility among customers.
As per Technavio, the introduction of new flavors and product innovations will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global yogurt market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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