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Greek Yogurt Industry Is Expected To Expand Almost 3x By 2031

Greek Yogurt

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.

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Key Takeaways from the Market Study

“The market for Greek yogurt is expected to post credible gains in the future, given its high degree of versatility across multiple food preparations. In addition, documented health and nutritional benefits has prompted increased consumption,” comments a Fact.MR analyst.

Key Segments Covered

Competitive Landscape

Manufacturers in the Greek yogurt market will primarily focus on strategic acquisitions, collaborations, and product releases in the following decade.

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