Global Greek yogurt market grew at a CAGR of 6.5% during 2012-2016 period; significant growth of the market can be attributed to robust adoption of Greek yogurt in a variety of health drinks and bakery products.
In 2018, the global Greek yogurt market surpassed a value of US$ 5.6 billion, and is projected to record a Y-o-Y growth of 7.4% in 2019.
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North America is likely to retain its leading position in the Greek yogurt market, representing a relatively large percentage of the revenue share. Increasing cases of obesity and overweight along with proliferation of health-conscious population are expected to have a positive impact on the growth of North America Greek yogurt market.
North America is also expected to be the most attractive region for Greek yogurt industry, growing at a robust CAGR of 8.1% during 2017-2022.
What are the Key Growth Drivers of Global Greek Yogurt Market?
Significant development in the dairy industry lined with reinvention of reposition of various traditional dairy products as healthy foods has been largely influencing the expansion of Greek yogurt market at the global level.
In the recent years, Greek yogurt has become staple at grocery stores with rising consumer adoption for its high nutritional benefits and use as a core ingredient in a number of highly popular recipes. This is considered to be one of the important factors accelerating growth of the Greek yogurt market.
What are the Challenges Impeding the Growth of Global Greek Yogurt Market?
Although Greek yogurt is gaining increasing popularity for its thick and creamy texture and wide-ranging application, more availability of other varieties of yogurt may pose as a potential threat to the growth of global Greek yogurt market. Further, emergence and growing popularity of newer variety of frozen yogurt made from enriched milk will possibly create a hindrance in worldwide sales of Greek yogurt.
Read Detailed Index of full Research Study at https://www.factmr.com/report/269/greek-yogurt-market
In the production process of Greek yogurt, much of the lactose is removed, but prevalence of high lactose intolerance may limit its adoption, eventually restricting the market growth.
Greek Yogurt Market – Competitive Landscape
In February 2019, Danone North America announced to expand its largest production facility in DuBois, Pennsylvania to increase the production of plant-based foods, including yogurt, to meet the growing consumer demand.
In January 2019, General Mills’ Fiber One launched ‘Fiber One Strawberries’ and ‘Vanilla Clusters’ to expand its cereal portfolio. The new variety aims to delight consumer looking for new fiber-rich option in the cereal section that will help improve their fiber intake.
In August 2018, Chobani, a leading player in the Greek yogurt market, released a new Savor line of products as alternatives to traditional condiments and sour cream which can be directly squeezed onto any dish. The new line of products includes two different varieties: one made with low-fat milk and the other with whole milk.
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Other leading players in the Greek yogurt market include FAGE USA Dairy Industry, Wallaby Yogurt Company, Inc., The Hain Celestial Group, Inc., Cabot, Vivartia Holding S.A, Trader Joe's, and Nestle SA.
Fact.MR report offers all-inclusive insights into the competitive scenario of the Greek yogurt market, request a summary of the report.
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Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
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In 2018, the global Greek yogurt market surpassed a value of US$ 5.6 billion, and is projected to record a Y-o-Y growth of 7.4% in 2019.
Ask for sample link here: https://www.factmr.com/connectus/sample?flag=S&rep_id=269
North America is likely to retain its leading position in the Greek yogurt market, representing a relatively large percentage of the revenue share. Increasing cases of obesity and overweight along with proliferation of health-conscious population are expected to have a positive impact on the growth of North America Greek yogurt market.
North America is also expected to be the most attractive region for Greek yogurt industry, growing at a robust CAGR of 8.1% during 2017-2022.
What are the Key Growth Drivers of Global Greek Yogurt Market?
Significant development in the dairy industry lined with reinvention of reposition of various traditional dairy products as healthy foods has been largely influencing the expansion of Greek yogurt market at the global level.
In the recent years, Greek yogurt has become staple at grocery stores with rising consumer adoption for its high nutritional benefits and use as a core ingredient in a number of highly popular recipes. This is considered to be one of the important factors accelerating growth of the Greek yogurt market.
What are the Challenges Impeding the Growth of Global Greek Yogurt Market?
Although Greek yogurt is gaining increasing popularity for its thick and creamy texture and wide-ranging application, more availability of other varieties of yogurt may pose as a potential threat to the growth of global Greek yogurt market. Further, emergence and growing popularity of newer variety of frozen yogurt made from enriched milk will possibly create a hindrance in worldwide sales of Greek yogurt.
Read Detailed Index of full Research Study at https://www.factmr.com/report/269/greek-yogurt-market
In the production process of Greek yogurt, much of the lactose is removed, but prevalence of high lactose intolerance may limit its adoption, eventually restricting the market growth.
Greek Yogurt Market – Competitive Landscape
In February 2019, Danone North America announced to expand its largest production facility in DuBois, Pennsylvania to increase the production of plant-based foods, including yogurt, to meet the growing consumer demand.
In January 2019, General Mills’ Fiber One launched ‘Fiber One Strawberries’ and ‘Vanilla Clusters’ to expand its cereal portfolio. The new variety aims to delight consumer looking for new fiber-rich option in the cereal section that will help improve their fiber intake.
In August 2018, Chobani, a leading player in the Greek yogurt market, released a new Savor line of products as alternatives to traditional condiments and sour cream which can be directly squeezed onto any dish. The new line of products includes two different varieties: one made with low-fat milk and the other with whole milk.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=269
Other leading players in the Greek yogurt market include FAGE USA Dairy Industry, Wallaby Yogurt Company, Inc., The Hain Celestial Group, Inc., Cabot, Vivartia Holding S.A, Trader Joe's, and Nestle SA.
Fact.MR report offers all-inclusive insights into the competitive scenario of the Greek yogurt market, request a summary of the report.
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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