Global Sales Of Greek Yogurt Market Is Expected To Expand Almost 3x Throughout The 2021-2031 Forecast Period | Fact.MR Study

Seoul, South Korea, 2022-Apr-29 — /EPR Network/ —

Greek Yogurt Market Size, Share, Trends, Report By Product Type (Spoonable Greek Yogurt, Drinkable Greek Yogurt), By Package Type (Cups & Tubs, Bottles), By Nature (Conventional Greek Yogurt, Organic Greek Yogurt), By Sales Channel – Regional Forecast 2021-2031

The worldwide Greek yogurt market is expected to be valued at US$ 4.18 Bn in 2021, further expected to reach US$ 12 Bn by 2031. Overall, the industry is expected to expand almost 3x throughout the 2021-2031 forecast period. Preference for organic Greek yogurt will remain prominent, capturing a revenue share worth 45%.

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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.

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.

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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

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Key Segments Covered

• Product Type

  • Spoonable Greek Yogurt
  • Drinkable Greek Yogurt

• Package Type

  • Greek Yogurt in Cups & Tubs
  • Greek Yogurt in Bottles
  • Greek Yogurt in Other Package Types

• Sales Channel

  • Greek Yogurt Sales via Modern Trade
  • Greek Yogurt Sales via Specialty Stores
  • Greek Yogurt Sales via Convenience Stores
  • Greek Yogurt Sales via Online Retailers
  • Greek Yogurt Sales via Other Sales Channels

• Nature

  • Conventional Greek Yogurt
  • Organic Greek Yogurt
  • 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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