Greek yogurt is made using straining method that removes liquid whey and lactose, resulting into thick-textured yogurt. Including the two times the protein of regular yogurt, Greek yogurt consumption has increased. Manufacturers are incorporating technically advanced system for production of Greek yogurt. However, being a perishable dairy product, Greek yogurt has short shelf life, hence manufacturers are trying to find a solution to increase the shelf life while still meeting customer demand for clean labeling and healthy ingredient. This report, published by Fact.MR, provides in-depth analysis of the global Greek yogurt market for the forecast period 2017-2022, and offers key insights about future market direction.
The report commences with a brief information of the global Greek yogurt market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global Greek yogurt market.
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According to a study by Fact.MR, the global market for Greek yogurt is estimated to reach US$ 7,618.4 million revenues by the end of 2022. The market is expected to witness a healthy growth due to the increasing consumption of Greek yogurt packed with probiotics which fights various health issues and boost the immune system. Manufacturers of Greek yogurt have started focusing on using various techniques and methods to increase the shelf life of the product and minimizing the risk of contamination.
Spoonable Greek Yogurt- Highly Preferred Product
Compared to the drinkable Greek Yogurt, spoonable Greek yogurt is expected to emerge as one of the most preferred Greek yogurt product. Spoonable Greek yogurt is expected to witness impressive growth, surpassing US$ 5,500 million revenue by the end of 2022. Meanwhile, drinkable Greek yogurt is projected to create an incremental opportunity of over US$ 600 million during the forecast period, 2017-2022.
Greek Yogurt in Cups and Tubs to Gain Maximum Revenue Share
Greek yogurt in cups and tubs is projected to account for more than two-third revenue share by the end of 2017. Cups and tubs Greek yogurt packages are estimated to reach nearly US$ 5,000 million revenue by 2022 end. Meanwhile, Greek yogurt in bottles is also expected to experience robust growth during the forecast period.
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High Sales through Modern Trade
Accounting for more than two-fifth of the revenue share by the end of 2017, modern trade is expected to emerge as one of the most lucrative sales channels in the Greek yogurt market. Modern trade is projected to create an incremental opportunity of more than US$ 900 million during 2017-2022.
Competition Tracking
The report provides detailed profile of the companies that are expected to remain active in the expansion of global Greek yogurt market through 2022, which include General Mills, Inc., Danone, Nestlé S.A., Cabot Corporation, The Hain Celestial Group, Inc., Trader Joe's Company, Chobani, LLC, FAGE International S.A., Wallaby Yogurt Company, Inc., and Vivartia Holding S.A.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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