Greek Yogurt Market To Grow On A Sensational Note At A CAGR Of 8.1% Between 2022 - 2031: FactMR

The global market for Greek yogurt is expected to reach US$ 12 Bn by the end of the forecast period 2021-2031, expanding at a CAGR of 11.1%. Increasing demand for nutrients as well as the highly versatile nature with respect to applications across multiple food preparations are pushing up sales of greek yogurt to a significant extent.

Historically, the market experienced noteworthy expansion, posting a CAGR of 8.1% from 2016-2020. The industry experienced a Y-o-Y expansion of 7.4% from 2018 to 2019. Prospects temporarily dipped during the peak of the coronavirus pandemic, as logistical constraints hampered the distribution of raw materials, impacting production. However, as reliance on online sales platforms surged, this shortfall was overcome, restoring demand.

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.

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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

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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

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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).

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