Market Scenario

The global Greek Yogurt Market is projected to reach approximately USD 10.2 billion by 2024 and grow at a significant CAGR of 7.1% during the forecast period 2019–-2024. Greek yogurt is prepared by removing liquid whey and some of the lactose from the regular yogurt. It is a rich source of protein and calcium, which reduces the loss of muscle mass and boosts muscle growth. Moreover, the active probiotics in yogurt assist in enhancing digestive health.

Increasing health-conscious population across the globe is majorly driving the growth of the global market. Rising adoption of healthy diet and products assisting in weight loss is increasing the sales of Greek yogurt. Availability of Greek yogurt in various flavors is also boosting the sales of Greek yogurt. Moreover, product launch with claims such as low-fat, and non-fat is expected to boost the market growth of the global market.

Segmentation

The global Greek yogurt market has been segmented based on flavor, category, distribution channel, and region.
Based on flavor, the global market has been classified as unflavored, vanilla, strawberry, blueberry, raspberry, blends, others.
Based on category, the global market has been classified as organic and conventional.
Based on distribution channel, the global market has been classified as store-based and non-store-based. The store-based segment is further segmented into supermarkets & hypermarkets, convenience stores, and others.
The global Greek yogurt industry has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American Greek yogurt industry has further been segmented into the US, Canada, and Mexico. The European Greek yogurt market has been classified as the Germany, France, Italy, Spain, UK, and the rest of Europe. The Greek yogurt market in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The Greek yogurt industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


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Key Players

Chobani LLC (US), Danone S.A. (France), Nestlé S.A. (Switzerland), Stonyfield Farm, Inc (US), FAGE USA Dairy Industry Inc. (US), General Mills, Inc. (US), Byrne Hallow Farm (US), Jalna Dairy Foods Pty Ltd. (Australia), Erhmann AG (Germany), and Sun Valley Dairy (US) are some of the key players in the global Greek yogurt market.



Regional Market Summary
Global Greek Yogurt Market Share (%), by Region, 2018

Source: Secondary Sources and MRFR Analysis
Europe is expected to dominate the market for Greek yogurt during the forecast period with the strong inclination towards healthy and probiotic food among the consumers. North America is also expected to account for a significant share in the global market. Increasing demand for organic and low-fat yogurt among the population is expected to boost the growth of Greek yogurt in North America. However, Asia-Pacific is projected to exhibit the highest growth during the forecast period owing to various factors such as increasing product awareness, rising disposable income, and ease of product availability through the growth of the organized retail sector in the developing countries.

Global Market, by Flavor
• Unflavored
• Vanilla
• Strawberry
• Blueberry
• Raspberry
• Blends
• Others

Global Market, by Category
• Organic
• Conventional

Global Market, by Distribution Channel

• Store-Based
o Supermarkets & Hypermarkets
o Convenience Stores
o Others
• Non-Store-Based
Global Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o Spain
o UK
o Rest of Europe
• Asia-Pacific
o Japan
o China
o India
o Australia and New Zealand
o Rest of Asia-Pacific
• Rest of the World (RoW)
o South America
o Middle East
o Africa

Intended Audience

• Greek yogurt manufacturers
• Dairy industry
• Dealers and distributors
• Raw material suppliers and distributors
• Traders, exporters, and importers

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