Greek Yogurt Market To Witness Heightened Revenue Growth In Next Decade : Fact.MR

The global market for Greek yogurt is expected to reach US$ 12 Bn by the end of the forecast period 2021-2031, expanding at a CAGR of 11.1%. Increasing demand for nutrients as well as the highly versatile nature with respect to applications across multiple food preparations are pushing up sales of greek yogurt to a significant extent.

Worldwide, consumers are shifting towards a nutrition-friendly diet. Increasing prevalence of fast-paced lifestyles had to the onset of various unhealthy eating habits, causing rising cases of obesity and other chronic diseases. Hence, emphasis on reducing fat and calorie intake has acquired precedence. This has boded well for the Greek yogurt industry.

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Key Takeaways from the Market Study

  • Spoonable Greek yogurt to account for 3/4th of the global revenue share until 2031
  • By distribution channel, online sales to surge the fastest, registering a CAGR of 13%
  • Consumption of organic Greek yogurt to remain prominent, capturing 45% revenue
  • U.S to emerge as a promising market for Greek yogurt, posting a CAGR of 9.3% until 2031
  • Sales in Germany to surge at an impressive 9% CAGR from 2021 to 2031
  • China to be the fastest growing market, expected to flourish at a growth rate of 9.8%
  • Global Greek yogurt market value to reach US$ 4.18 Bn in 2021

The market for Greek yogurt is expected to post credible gains in the future, given its high degree of versatility across multiple food preparations. In addition, documented health and nutritional benefits has prompted increased consumption,” comments a Fact.MR analyst.

Competitive Landscape

Manufacturers in the Greek yogurt market will primarily focus on strategic acquisitions, collaborations, and product releases in the following decade.

  1. Danone North America stated in February 2019 that it would expand its largest production facility in DuBois, Pennsylvania, to increase production of plant-based goods, particularly yogurt, to satisfy rising consumer demand.
  2. To enhance its cereal offering, General Mills Fiber One introduced ‘Fiber One Strawberries’ and ‘Vanilla Clusters’ in January 2019. The new variety seeks to please consumers who are looking for a new fiber-rich alternative in the cereal aisle to help them increase their fiber intake.
  3. Chobani, a key participant in the Greek yogurt market, introduced a new Savor range of goods in August 2018 as replacements to traditional sauces and sour cream that may be immediately squeezed onto any dish. The new product line comprises two varieties: one prepared with low-fat milk and one created with full milk.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Greek yogurt market, presenting historical demand data (2016-2020) and forecast statistics from 2021 to 2031.

The study divulges essential insights on the market based on product type (spoonable and drinkable), package type (cups & tubs, bottles and other types), sales channel (modern trade, specialty stores, convenience stores, online retailers and other sales channels) and nature (conventional and organic) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Greek Yogurt Market Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa
Key Countries Covered
  • U.S
  • Canada
  • Brazil
  • Mexico
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordic
  • Japan
  • China
  • India
  • Malaysia
  • Thailand
  • Singapore
  • Australia
  • GCC
  • South Africa
  • Nigeria
  • Israel
Key Segments Covered
  • Product Type
  • Package Type
  • Sales Channel
  • Nature
  • Region
Key Companies Profiled
  • FAGE USA Dairy Industry Inc.
  • Chobani
  • Dannon Yogurt
  • General Mills Inc.
  • Nestle S.A
  • Cabot Creamery
  • Trader Joe’s
  • Hain Celestial Group
  • Vivartia Holding S.A
  • Wallaby Yogurt Company Inc.
Pricing Available upon Request
The Greek yogurt Market report answers important questions which include:

  • What are some of the latent areas of investments in the Greek yogurt market?
  • Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
  • What trends are likely to change the status quo of the positions held by leading players of the Greek yogurt market in the not-so-distant future?
  • Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Greek yogurt market?
  • What are the strategies adopted by top players to retain their stronghold in the Greek yogurt market?
  • Which strategic moves will new entrants adopt to gain a strong foothold in the Greek yogurt market?

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