Greek yogurt is a value-added yogurt which has gained prominence owing to the removal of lactose from regular yogurt. Consumption of dairy products owing to their health benefits to the immunity system and digestion. The global greek yogurt market statistics report by Market Research Future (MRFR) looks at the success of the industry and the various challenges it can face for the period of 2019 to 2024 (forecast period). The news of the COVID-19 pandemic has caused a disruption in the supply chain of Greek yogurt production and its effects are included in the report.
Market Scope
The global Greek yogurt market is projected to reach approximately USD 10.2 billion by 2024. It can grow at a significant CAGR of 7.1% during the forecast period.
The rising wave of health-consciousness among the masses and avoidance of overprocessed foods are primary drivers of the market. Active probiotics present in yogurt which can assist in digestion of foods can drive its sales. Adoption of healthy diets and availability of various products which can assist in weight loss can influence the market greatly. Availability of raw materials, high disposable income levels of consumers, and acceptance of packaged foods can drive the market demand.
However, alternatives to the product such as kefir and skyr can threaten the market growth.
Segmentation
The global Greek yogurt market has been segmented based on flavor, category, and distribution channel.
Based on flavor, the global market classifies the product into unflavored, blueberry, vanilla, raspberry, strawberry, blends, others.
By category, the global market is divided into organic and conventional.
Based on distribution channel, the global market is segmented into store-based and non-store-based. The store-based segment is further segmented into convenience stores, supermarkets & hypermarkets, and others.
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Regional Analysis
The global Greek yogurt industry has been studied with regard to four key regions—North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe is predicted to dominate the global Greek yogurt market owing to consumption of probiotic and healthy foods. However, presence of sweet and savory snacks can pose a threat to the market.
North America has captured a large share of the market due to demand for low-fat and organic yogurt among the populace. Packaging of yogurt seems to attract consumers towards the products and sales as evident by the success of Chobani. The company has decided to launch Greek yogurt aimed at kids by introducing it in colorful packaging and fun fruit characters to engage them. Clean-labeling of foods to display transparency has worked well for consumers.
APAC is expected to perform remarkably for the global Greek yogurt market owing to penchant for new consumables. Variants of Greek yogurt in numerous flavors have appealed to consumer tastes. The production of milk as well as value-added dairy products will bode well for the market. The organized form of the retail sector, awareness of the product, and disposable income levels of consumers are prime factors driving the market growth in the region.
Competitive Outlook
Byrne Hallow Farm, Danone S.A., Sun Valley Dairy, FAGE USA Dairy Industry Inc., Jalna Dairy Foods Pty Ltd., Stonyfield Farm, Inc, General Mills, Inc., Erhmann AG, Nestlé S.A., and Chobani LLC are prime players operational in the global Greek yogurt market.
Innovation seems to be the primary strategy for differentiating among peers. For instance, General Mills packages its Greek yogurt in glass pots. Combinations of flavor-variety-brand are likely to keep the industry in a state of constant flux.
The Global Greek Yogurt Market is expected to exhibit smooth growth over the forecast period according to the latest research report from Market Research Future (MRFR).Competitive Analysis:Leading players in the global greek yogurt market include Erhmann AG, FAGE International SA, Stonyfield Farm Inc., General Mills Inc., Jalna Dairy Foods Pty Ltd., Chobani, Danone, and Nestle.Segmentation:The global greek yogurt market is segmented on the basis of flavour, specialty, distribution channel, application, and region.Greek Yoghurt market has been segmented on the basis of flavor which comprises of plain, strawberry, raspberry, peach, cherry, pineapple, mango and others.
Greek Yoghurt has been segmented on the basis of distribution channel which comprises hypermarket and supermarkets, Convenience stores, retailers, e-commerce and others.
Greek Yoghurt has been segmented on the basis of application which comprises dips, desserts, sauces, breakfast accompaniments, bakery products, dry mixes and others.Access Report Details @ https://www.marketresearchfuture.com/reports/greek-yoghurt-market-2320Regional Analysis:The global greek yogurt market is expected to be dominated by North America over the forecast period.
The greek yogurt market is mainly driven by the increasing volume of product innovation in the region, leading to a profusion of numerous flavors in greek yogurt products and increasing number of consumers.
Widespread popularity of greek yogurt in salads, dips, and dressings in the region is likely to remain a primary driver for the greek yogurt market in the region over the forecast period.
The widespread domestic popularity of greek yogurt and the growing export scenario are likely to remain the major drivers for the greek yogurt market in North America over the forecast period.Europe is also likely to retain a leading share in the global greek yogurt market due to the growing demand for European greek yogurt all over the world due to the growing popularity of the Mediterranean diet and other lifestyle choices.
The Global Greek Yogurt Market is expected to exhibit smooth growth over the forecast period according to the latest research report from Market Research Future (MRFR).Competitive Analysis:Leading players in the global greek yogurt market include Erhmann AG, FAGE International SA, Stonyfield Farm Inc., General Mills Inc., Jalna Dairy Foods Pty Ltd., Chobani, Danone, and Nestle.Access Report Details @ https://www.marketresearchfuture.com/reports/greek-yoghurt-market-2320Segmentation:The global greek yogurt market is segmented on the basis of flavour, specialty, distribution channel, application, and region.Greek Yoghurt market has been segmented on the basis of flavor which comprises of plain, strawberry, raspberry, peach, cherry, pineapple, mango and others.
Greek Yoghurt has been segmented on the basis of distribution channel which comprises hypermarket and supermarkets, Convenience stores, retailers, e-commerce and others.
Greek Yoghurt has been segmented on the basis of application which comprises dips, desserts, sauces, breakfast accompaniments, bakery products, dry mixes and others.Regional Analysis:The global greek yogurt market is expected to be dominated by North America over the forecast period.
The greek yogurt market is mainly driven by the increasing volume of product innovation in the region, leading to a profusion of numerous flavors in greek yogurt products and increasing number of consumers.
Widespread popularity of greek yogurt in salads, dips, and dressings in the region is likely to remain a primary driver for the greek yogurt market in the region over the forecast period.
The widespread domestic popularity of greek yogurt and the growing export scenario are likely to remain the major drivers for the greek yogurt market in North America over the forecast period.Europe is also likely to retain a leading share in the global greek yogurt market due to the growing demand for European greek yogurt all over the world due to the growing popularity of the Mediterranean diet and other lifestyle choices.
The "Greek Yogurt Market" report includes an in-depth analysis of the global Greek Yogurt market for the present as well as forecast period.
The report encompasses the competition landscape entailing share analysis of the key players in the Greek Yogurt market based on their revenues and other significant factors.
The well-known players in the market are Chobani, Fage, Yoplait, Stonyfield, Dannon Oikos, YoCrunch Naturals Yogurt, Straus Family Creamery, Ellenos, Cabot, Brown Cow Farm, Anderson Erickson Dairy, Hiland Dairy, YILI, Morinaga Milk, Alpina Foods.Apply here for the free sample copy of the report @: https://www.syndicatemarketresearch.com/sample/greek-yogurt-marketThe company profiles presented in the report include company synopsis, business tactics adopted, and major developments.
Furthermore, The report presents a detailed segmentation Full-Fat Yogurt, De-Fat Yogurt, Fat-Free Yogurt, Market Trend by Application Children, Adults of the global market based on technology, product type, application, and various processes and systems.
Additionally, the report provides competition all circumstances within the major players in the Greek Yogurt market.
The report also includes the companies active in product expansions and innovating new advanced technology intending to develop huge opportunities for the Greek Yogurt market.The report also provides the market dynamics such as drivers, restraints, strategies & guidelines, trends, avenues, and technological improvements anticipated to have an impact on the Greek Yogurt Market growth in the projected period.
