Greek Yogurt Market 2023 | Worth US$ 13.4 Billion by 2028 | Growth Rate (CAGR) of 7.6% | IMARC Group
The global greek yogurt market size reached US$ 8.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.
Greek yogurt is a food item that is prepared by straining curd and separating it from the liquid whey. It includes protein, calcium, and vitamin-B content, probiotic properties, and low carbohydrate content that aids in reducing the risk of cardiovascular diseases, managing diabetes, improving gastrointestinal health, and maintaining bone density. It is also added in other foods for enhancing the flavor and providing consistency and texture to the food. In comparison to regular curd, it is thicker and creamier and is widely preferred by lactose-intolerant individuals. It is available in various flavors and toppings, such as blueberry, vanilla, honey, and chocolate, and is widely used as a substitute product for sour cream, smoothies, cream cheese, and butter and has wide applications in the food and beverage industry as a preservative agent.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
One of the key factors driving the global market is the increasing health consciousness among consumers. Moreover, the growing consumption of probiotic-rich foods and the rising popularity of greek yogurt as a healthy snack due to its gluten-free and chemical-free properties is contributing to the market. In response to the escalating demand, numerous major companies are focussing on extensive research and development (R&D) activities to enhance the characteristics, taste, and nutritional value of greek yogurt, this is catalyzing the product demand. Furthermore, the easy availability of the product through online and offline organized distribution channels and the advent of home delivery models are creating a positive market outlook. Other factors, such as rapid urbanization, shifting lifestyle preferences, and inflating disposable income levels of the masses, are also influencing the market.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
• Chobani LLC
• Stonyfield Farm, Inc
• Fage International S.A.
• General Mills, Inc.
• Alpina Foods
• Auburn Dairy
• Delta Food (Vivartia)
• Emmi Group
• Kalypso Farms Dairy
• Kri Kri
• Muller UK & Ireland
Breakup by Product Type:
• Regular Greek Yogurt
• Non-Fat Greek Yogurt
Breakup by Flavor:
Breakup by Distribution Channel:
• Hypermarkets and Supermarkets
• Specialty Stores
• Convenience Stores
• Independent Retailers
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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