Global Greek Yogurt Market 2022 Growth, COVID Impact, Quantitative Analysis Report 2022-2030
Greek yogurt is one of the most popular dairy products among consumers worldwide.
Greek yogurt is prepared through the straining process,
which involves separating yogurt from liquid whey and lactose.
The end product, Greek yogurt, is rich in protein and
calcium, which helps develop muscles and prevents excessive loss of muscle
mass.
Greek yogurt also contains probiotics which help in the
improvement of digestive health.
Key players operating in the global greek yogurt market are
launching new products with several flavors such as blueberry, strawberry,
vanilla, and more, to attract consumers towards the consumption of their
products.
The growing popularity among consumers regarding the health
benefits that can be reaped from consuming greek yogurt is a strong force
driving the market’s growth years before now and is expected to continue during
the forecast period.
Furthermore, burgeoning cases of weight-related diseases
such as diabetes and obesity have further created a surge in demand for greek
yogurt in the market.
The global greek yogurt market is expected to register a
double-digit CAGR during the forecast period.
Greek Yogurt Market Growth Driver and Opportunity
The growing population size of health-conscious consumers
across the globe is driving the global greek yogurt market’s growth.
Health benefits such as maintaining blood sugar level,
obesity prevention, developing muscles, and improving bone density are reaped
by consumers when they consume greek yogurt.
Consumers spend more on the market with varieties of
products from which they can choose.
Manufacturers in the greek yogurt market focus on these
consumers’ sentiment by introducing various flavors to attract consumers to
purchase their products, which will improve sales and drive the growth of greek
yogurt globally.
Moreover, the availability of greek yogurt at various retail
centers is expected to foster the rise in demand for greek yogurt in the global
market.
Consumers find it convenient to visit stores to purchase
food products like greek yogurt. The increase in smartphone and internet
penetration is expected to fuel the industry’s growth as greek yogurt can be
bought online.
The online segment of the distribution channel will be the
fastest-growing segment with a CAGR of 12.3% by 2026.
Due to the convenience offered by e-commerce and consumers’
busy lifestyles, the online segment is slated to fuel the global greek market’s
growth.
Greek Yogurt Market Restraint
Global greek yogurt market is not without its challenges.
Significant factors such as the growing population of lactose intolerance
patients and the production of a new variety of frozen yogurt made from milk
are expected to restrain the market's growth globally.
Greek Market: Region-wise Analysis
Geographically, Europe is the largest market for greek
yogurt after accounting for the highest market revenue in 2019.
The region is anticipated to remain in dominance during the
forecast period due to the growing awareness regarding the health benefits
reaped from the consumption of greek yogurt.
The Asia Pacific market is slated to grow tremendously
during the forecast period as the population size of consumers in the region is
on the rise.
Besides, consumers’ changing lifestyle is another factor
expected to fuel the region’s growth during the forecast period.
Greek Yogurt Market: Competitive Landscape
The global greek yogurt market is fragmented and highly
competitive. Major players operating in the industry are focusing on innovative
products with variety of flavors to woo consumers to the global market.
Prominent players in the market include;
- Chobani
LLC
- Stonyfield
Farm Inc
- FAGE
International S.A.
- GROUPE
DANONE
- General
Mills, Inc.
Region-wise Analysis
- North
America (U.S., Canada)
- Latin
America (Mexico, Brazil)
- Europe
(Germany, U.K., France, Italy, Spain, Poland, Russia)
- East
Asia (China, Japan, South Korea)
- South
Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania
(Australia, New Zealand)
- Middle
East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Report Highlights
The research report presents a comprehensive assessment of
market and contains thoughtful insights, facts, historical data, and
statistically supported and industry validated market data and projections with
suitable set of assumptions and methodology. Research report provides analysis
and information by categories such as market segments, geographies, types,
technology and applications.
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts, and industry participants across the value chain. The report
provides an in-depth analysis of parent market trends, macro-economic
indicators, and governing factors along with market attractiveness as per
segments. The report also maps the qualitative impact of various market factors
on market segments and geographies
Global Greek Yogurt
Market Segment Analysis
The global greek
yogurt market can be segmented on the following basis:
By Flavor
- Chocolate
- Vanilla
- Unflavored
- Blueberry
- Strawberry
- Raspberry
- Blends
- Others
By Category
- Organic
- Conventional
By Distribution Channel
- Supermarkets/Hypermarkets
- Grocery
Stores
- Convenience
Stores
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