Report Ocean has recently published the “Greek Yogurt Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The Greek yogurt market size was valued at $7.2 billion in 2019, and is projected to reach $11.2 billion by 2027, growing at a CAGR of 10.9% from 2019 to 2027. Fermented dairy products are major source of probiotic bacteria. Fermented milk is prepared through inoculation of culture and enzyme, which converts lactose to lactic acid. This inoculation and fermentation process of milk offers various range of products such as butter, cheese, yogurt, Kefir, and others. Flavored yogurt is a fermented dairy product with added flavors and multiple health benefits. It is a preferred breakfast, snack, dessert, or beverage among health-conscious consumers. The fermented milk products mainly yogurt, butter, and cheese have gained popularity, as they have higher demand in various fast foods.
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Flavored yogurt is available in the market in various product types such as set, frozen, drinkable, and Greek. Greek yogurt is yogurt that is been strained to remove its whey content, which results in a thicker consistency of yogurt than the regular unstrained yogurt, while preserving the original yogurt’s distinctive sour taste. Greek yogurt is often made with fermentation process. Additives such as sweeteners, flavors, and fruits are used to enhance the aroma, taste, and consistency of yogurt products. Food & beverage manufacturers have invested a lot in R&D to enhance characteristics, taste, and nutritional value of flavored Greek yogurt.
Greek yogurt has almost every nutrient needed for the human body and is considered as an effective food for weight loss and nutritional diet. It is rich in a range of nutrients including calcium, vitamins, and trace minerals such as phosphorus, magnesium, and potassium. Significant protein content in the Greek yogurt influences appetite control and suppresses hunger. Moreover, certain variety of yogurts available in the market are enriched with probiotics, which help in boosting the digestive health, by reducing common gastrointestinal disorder symptoms such as diarrhea, bloating, and constipation.
The above mentioned nutrients such as probiotics, vitamins, and minerals, are beneficial in prevention of illness and enhancement of immunity as well as play a major role in bone health, reducing osteoporosis. In addition, yogurt improves heart health by maintaining blood pressure and increasing good HDL cholesterol. These health benefits of yogurt are anticipated to drive the growth of the global flavored yogurt market during the forecast period. Apart from health benefits, fermentation process helps to prolong the shelf life of the dairy products and also enhances the taste and aroma of the products. Hence, versatile properties exhibited by Greek yogurt are attributed to the significant growth of the Greek yogurt market.
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Growth in demand for flavored yogurt in emerging nations is attributed to the rise in disposable income, innovative flavors of Greek yogurt products offered by key players, and increase in health awareness among consumers. This is expected to provide numerous opportunities for the expansion of the global Greek yogurt market.
However, presence of additives and stringent regulations related to strain of culture used in fermentation of milk limits the market growth.
Some of the key macroeconomic factors such as rise in health awareness and surge in per-capita income also play an important role in contributing to the overall growth of the Greek yogurt market. However, Asia-Pacific is expected to exhibit significant growth in the future, owing to rise in demand for different types flavored Greek yogurt such as butter and cheese consumed in fast food products. In addition, the region has witnessed considerable surge in the number of millennials, who are the forefront consumers of fermented Greek yogurt.
The Greek yogurt market is segmented into type, flavor, distribution channel, source, and region. By product type, it is categorized into whole milk, low fat, and nonfat. By flavor, it is classified into plain, strawberry, blueberry, vanilla, and others. By distribution channel, the market is divided into supermarket/hypermarket, convenience stores, online stores, and others. By source, it is bifurcated into organic and conventional. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The report provides a detailed analysis of several variables, including the status of COVID-19 containment, the recovery of the end-user market, and the expected recovery timeline for the years 2020-2021.
KEY BENEFITS FOR STAKEHOLDERS
– The report provides an extensive analysis of the current and emerging market trends and opportunities in the fermented milk market.
– The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
– A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
– An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
Some of the key companies profiled in the report includeChobani Global Holdings, Inc., FAGE International S.A, General Mills Inc.(Yoplait), Danone S.A., Stonyfield Farm (lactalis), Nestle S.A., Unternehmensgruppe Theo Muller, The Hain Celestial Group (The Greek Gods), The Kroger Co., and Wallaby Organic.
KEY MARKET SEGMENTS
– By Type
o Whole Milk
o Low Fat
o Nonfat
– By Flavor
o Plain
o Strawberry
o Blueberry
o Vanilla
o Others
– By Distribution Channel
o Supermarket/Hypermarket
o Convenience Stores
o Online Stores
o Others
– By Source
o Organic
o Conventional
– By Region
o North America
– U.S.
– Canada
– Mexico
o Europe
– Germany
– France
– UK
– Italy
– Spain
– Rest of Europe
o Asia-Pacific
– China
– India
– Japan
– Australia
– Rest of Asia-Pacific
o LAMEA
– Latin America
– Middle East
– Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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