In this article, we are going to talk about the 15 biggest yogurt companies in the world. Click to skip ahead and jump to the 5 biggest yogurt companies in the world.
As people adopt a healthier lifestyle, dairy products such as yogurt are stacking up in your local stores. Yogurt is a food product obtained by milk fermentation. Yogurt is an excellent source of calcium and protein. It contains low fat and sugar which is favored by health-conscious consumers. It is made from milk cultured with consumable live bacteria (Lactobacillus bilgaricus and Streptococcus thermophilus) that helps with weight management and immune system. But this $7 billion industry has so much more to offer aside from its benefits. Stick around as we unfold the biggest yogurt companies in the world.
In 2019, the global yogurt industry was valued at $112.8 billion and it is expected to grow at a compound annual growth rate (CAGR) of 6.41% to hit an astounding $163.7 billion. The world’s largest yogurt companies primarily distribute in the European and American markets. According to the data from Observatory Economic Complexity, Germany is the top exporter of yogurt with a revenue of $638 million in 2018. Among other biggest exporters of yogurt were France ($326 million), Saudi Arabia (195 million), and Greece ($193 million). On the other hand, Italy was the biggest importer of yogurt with a total value of $270 million in 2018. The global export value of yogurt today is $2.84 billion. Additionally, according to the International Probiotics Association, China claims for nearly half of the sales revenue in the probiotic food market in Asia-Pacific. Read about the 11 countries that consume the most yogurt here.
The key drivers for the growth of the yogurt market are the availability of different exotic flavors such as matcha and blueberry, the convenience of drinkable yogurt, the growing trend for non-dairy yogurt for the vegan market. The non-dairy yogurt market was valued at $640.3 million in 2020. It is no surprise that some of the largest dairy companies in the world are making their best efforts to come up with plant-based milk and milk products such as yogurt due to the huge revenue potential it offers. These yogurt market drivers provide consumers the alternative and convenient ways to enjoy their healthy yogurt treat.
The COVID-19 outbreak had a surprisingly positive impact when it comes to certain aspects of diet, as people were forced to stay at home and cook their meals due to lockdowns. As a probiotic, yogurt saw a demand in the groceries and supermarkets as consumers follow a healthy diet to combat coronavirus and improve gut health in general. On the other hand, emerging e-commerce stores also witnessed a rise in online yogurt sales as online grocery delivery platforms had expanded their operations during the government-mandated lockdowns.
To give you the most accurate ranking, we researched the biggest yogurt companies in the world and ranked the companies mainly by their reported revenue. We checked the most recent financial statement of each company to compile this list of 15 biggest yogurt companies in the world. For publicly traded companies, we included the market cap for your reference as well. Now let’s see the biggest yogurt companies in the world.
15. Muller Milk and Ingredients (Private)
Total Revenue: $74.03 million
Headquarters: Willenhall, UK
One of the 15 biggest yogurt companies in the world is Muller Milk and Ingredients. Founded in i1947, MMI is one of the largest dairy companies in Britain that processes and distributes milk and milk products. Aside from its yogurt brands such as Müllerlight, Müllerice, Yogz, and Müller Corner, the company is also famous for its organic and skimmed milk, butter, and ingredients products.