Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Billion |
|---|---|
| 2018 | 0.656857566968799 USD Billion |
| 2019 | 0.7502729481698517 USD Billion |
| 2020 | 0.8175808965080703 USD Billion |
| 2021 | 0.926184382583438 USD Billion |
| 2022 | 1.0322294499606957 USD Billion |
| 2023 | 1.1329772796955693 USD Billion |
| 2024 | 1.24320143290052 USD Billion |
| 2025 | 1.3615723342515298 USD Billion |
| 2026 | 1.525884064294862 USD Billion |
| 2027 | 1.65039605607407 USD Billion |
| 2028 | 1.792211350917334 USD Billion |
| 2029 | 1.869762988672218 USD Billion |
| 2030 | 1.992332847798943 USD Billion |
| 2031 | 2.1717601706156446 USD Billion |
| 2032 | 2.3878697430673137 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
Russia is a major supplier of flavored yogurts, both at retail and foodservice, making it an attractive and rapidly expanding market for preference-oriented flavored yogurts. Its population is highly inclined to Western-style snacks and flavors, making the country an ideal environment for novel flavors and products. The demand for flavored yogurts has been growing in Russia due to the increasing awareness of the importance of a healthy diet, as well as the fact that these yogurts fit into consumer’s modern lifestyles. Additionally, there are more hypermarkets, supermarkets, and convenience stores, along with an increased availability of flavors, including exotic flavors. Also, consumers are paying more attention to health and purchasing healthier products. This is leading to an increase in the sales of flavored yogurts, as they are a convenient and healthy snack option. Russian consumers love boldly flavored products and flavors such as currant, blackberry, pineapple, and mango for their yogurt ranges. Russian dairy manufacturers began to see strong growth in flavoured yogurt sales in 2016, largely in response to Western-inspired flavors.
Manufacturers in this space must consider a broader range of tastes to meet the changing demands of the Russian market, which is expected to drive growth in the flavored yogurt sector in the near future. Russian consumers have as an affinity for natural and clean label ingredients, and are looking for yogurt products that are free from artificial flavors and colors. There is a growing demand for healthy products, such as natural and organic-labeled products, and the flavored yogurt space is no exception. As consumers continue to prioritize wellness and nutrition, flavored yogurt producers must focus on making their products healthier while maintaining the rich flavor profiles desired by the market. Russia’s flavored yogurt market is increasingly competitive as both domestic and international companies jockey for share. Although product development and innovation remain key drivers within the flavored yogurt market, it is likely that growth will be mainly driven by enhancements in packaging, convenience, and the pursuit of clean labelling. As the Russian economy continues to improve, the outlook is bright for the flavored yogurt market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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