Greek yogurt is a versatile dairy product known for its rich, creamy texture and numerous applications. It's used in breakfast bowls, smoothies, and parfaits for added protein and creaminess. In cooking, it serves as a healthier alternative to sour cream or mayonnaise in recipes. Its thick consistency makes it perfect for dips, dressings, and as a topping for various dishes. Greek yogurt's high protein content, probiotics, and calcium make it a popular choice for those seeking a nutritious and delicious dairy option.
According to Data Bridge Market Research, the Global Greek Yogurt Market accounted for USD 7.75 billion in 2021 and is expected to reach a value of USD 17.86 billion by 2029. The market is expected to grow with a CAGR of 11.00% in the forecast period of 2022 to 2029.
“Rising popularity of low-fat and weight management products boosts the market’s growth”
The Greek yogurt market is experiencing growth due to the rising popularity of low-fat and weight-management products. Greek yogurt is known for its high protein content and creamy texture, making it a favored choice among health-conscious consumers. As the demand for nutritious and low-fat options surges, Greek yogurt fits the bill, appealing to those aiming for weight management and healthier diets. This trend drives market expansion as consumers seek both taste and nutritional value in their food choices.
What restraints the growth of the global Greek yogurt market?
“Growing number of lactose intolerance patients restraints the market’s growth”
The Greek yogurt market faces constraints due to the growing number of lactose intolerance patients. Greek yogurt is a dairy product, and individuals with lactose intolerance struggle to digest lactose, a sugar found in dairy. This limits their ability to consume traditional Greek yogurt. However, some manufacturers offer lactose-free Greek yogurt options to mitigate this issue. Despite this challenge, lactose-free alternatives may help maintain the market's growth by catering to lactose-intolerant consumers who still desire the taste and benefits of Greek yogurt.
Segmentation: Global Greek Yogurt Market
The global Greek yogurt market is segmented on the basis of product, flavor, category, and application.
- On the basis of product, the global Greek yogurt market is segmented into full-fat Greek yogurt, de-fat Greek yogurt, and fat-free Greek yogurt.
- On the basis of flavor, the global Greek yogurt market is segmented into unflavored, vanilla, strawberry, blueberry, raspberry, blends, and others.
- On the basis of category, the global Greek yogurt market is segmented into organic, and conventional.
- On the basis of application, the global Greek yogurt market is segmented into children, and adults.
Regional Insights: Asia-Pacific dominates the Global Greek Yogurt Market
Asia-Pacific dominates the yogurt market due to increased weight-loss awareness, higher yogurt consumption, expanding retail markets, and greater public recognition of yogurt's health benefits and overall healthy eating. These factors collectively contribute to a rising demand for Greek yogurt as consumers seek nutritious and weight-conscious dietary choices.
North America is expected to grow in the yogurt market due to heightened awareness, shifting taste preferences, and health consciousness. Alarming obesity rates have prompted increased spending on healthier options such as Greek yogurt, while consumers explore exotic flavors. Additionally, substantial investments by manufacturers further drive the market's growth and innovation.
Recent Developments
- In 2021, Danone's "Silk" brand is introducing a plant-based Greek yogurt. After several years of research and development, the company has unveiled its new Silk Greek yogurt available in four flavors: strawberry, blueberry, vanilla, and lemon.
- In 2021, Lactalis India ventured into the yogurt category with the introduction of Lactel Turbo, a yogurt drink available at a price of INR 15.
- In 2020, Chobani is set to introduce a range of nutritional products, including Probiotic Drinks and Lactose-Free Greek Yogurt, branded as Chobani Probiotic.
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The Prominent Key Players Operating in the Global Greek Yogurt Market Include:
- Chr. Hansen Holding A/S (Denmark)
- Yakult Honsha Co., Ltd (Japan)
- Nestlé (Switzerland)
- DuPont (U.S.)
- MORINAGA & CO., L.T.D. (Japan)
- BioGaia AB (Sweden)
- Protexin (U.K.)
- Daflorn Probiotics U.K. (U.K.)
- DANONE (France)
- Yakult U.S.A. Inc. (US)
- Deerland Enzymes, Inc. (U.S.)
- UAS Laboratories (U.S.)
- Goerlich Pharma GmbH (Germany)
- SANZYME BIOLOGICS PVT. LTD. (India)
- DSM (Netherlands)
- NutraScience Labs (U.S.)
- Kerry Group plc (Ireland)
- Lallemand Inc. (Canada)
- Lonza (Switzerland)
- Winclove Probiotics (Netherlands)
- Probi (Sweden)
Above are the key players covered in the report, to know about more and exhaustive list of global Greek yogurt market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Greek Yogurt Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
