USD 9.07 billion
Report ID:
SQMIG30I2272 |
Region:
Global |
Published Date: February, 2025
Pages:
198
|Tables:
118
|Figures:
77
Global Greek Yogurt Market size was valued at USD 9.07 billion in 2023 and is poised to grow from USD 9.80 billion in 2024 to USD 18.28 billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
The Greek yogurt market is a dynamic and thriving industry that has captivated the taste buds of consumers worldwide. Greek yogurt, known for its rich, creamy texture and tangy flavor, has gained immense popularity and has become a staple in the diets of health-conscious individuals. It is a strained yogurt variant that offers numerous health benefits, making it a preferred choice among fitness enthusiasts and those seeking a nutritious snack or breakfast option. The purpose of the Greek yogurt market is to cater to the evolving preferences and demands of consumers who are seeking healthier and indulgent food choices. Greek yogurt stands out from regular yogurt due to its unique manufacturing process, which involves removing the whey, resulting in a thicker and more protein-rich product. This distinctive characteristic has positioned Greek yogurt as a versatile ingredient in a variety of dishes, including desserts, smoothies, dips, and dressings.
The market serves the purpose of providing consumers with a nutritious and delicious alternative to traditional yogurt and other snack options. The Greek yogurt industry is driven by several factors that contribute to its steady growth. Firstly, the rising health consciousness among consumers, coupled with an increasing focus on protein intake, has propelled the demand for Greek yogurt. With its higher protein content compared to regular yogurt, Greek yogurt aligns with the growing desire for healthier food choices. Additionally, the versatility of Greek yogurt in various culinary end users has boosted its demand in both households and the food service industry.
However, the Greek yogurt industry does face certain restraints. One of the main challenges is the premium pricing of Greek yogurt compared to regular yogurt, which may limit its accessibility for price-sensitive consumers. Furthermore, the production process of Greek yogurt requires more milk, leading to higher manufacturing costs. These factors can pose a hindrance to market growth, particularly in price-sensitive regions or during economic downturns.
There are a few key Greek yogurt market trends that are shaping its future trajectory. Firstly, there is a growing emphasis on product innovation and diversification, with manufacturers introducing a wide range of food flavors, blends, and packaging formats to cater to varying consumer preferences. Additionally, there is a rising demand for Greek yogurt with lower sugar content and enhanced functional properties, such as probiotics and added nutrients. Opportunities in the market are abundant, driven by the increasing penetration of Greek yogurt in emerging economies and untapped markets. As awareness regarding the health benefits of Greek yogurt spreads, manufacturers have an opportunity to tap into new consumer segments and expand their market presence. Furthermore, collaborations and partnerships with retailers, food service providers, and health-conscious influencers can further boost Greek yogurt market growth by increasing product visibility and reaching a wider audience.
US Greek Yogurt Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 9.07 billion
Largest Segment
Regular Greek Yogurt
Fastest Growth
Regular Greek Yogurt
Growth Rate
8.1% CAGR
To get more reports on the above market click here to Buy The Report
Global Greek Yogurt Market is segmented by Package Type, Nature, Product Type, Flavor, Distribution Channel and region. Based on Package Type, the market is segmented into Cups & Tubs and Bottles. Based on Nature, the market is segmented into Conventional Greek Yogurt and Organic Greek Yogurt. Based on Product Type, the market is segmented into Regular Greek Yogurt and Non-Fat Greek Yogurt. Based on Flavor, the market is segmented into Flavored and Unflavored. Based on Distribution Channel, the market is segmented into Supermarkets, Convenience Stores, Online and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The largest segment in the Greek yogurt market is regular Greek yogurt. Regular Greek yogurt holds a dominant position due to its widespread popularity and versatility. With its creamy texture and tangy taste, regular Greek yogurt has become a staple in the diets of health-conscious consumers worldwide. It is appreciated for its high protein content, low carbohydrate content, and probiotic properties, making it an ideal choice for individuals seeking a nutritious and satisfying snack or breakfast option. The regular Greek yogurt segment is experiencing substantial demand and accounts for a significant portion of the overall Greek yogurt market share. Its growing adoption can be attributed to the increasing consumer inclination towards healthier food choices and the rising awareness about the benefits of Greek yogurt.
The fastest-growing segment in the Greek yogurt market is flavored Greek yogurt. Flavored Greek yogurt has gained tremendous traction in recent years, appealing to consumers who desire both the health benefits of Greek yogurt and a wide array of indulgent flavors. This segment offers a delightful experience with an assortment of options such as fruity, dessert-inspired, and exotic flavors, catering to diverse consumer preferences. The flavored Greek yogurt segment is witnessing remarkable growth due to the continuous introduction of innovative and enticing flavor combinations by Greek yogurt market players. The availability of options like strawberry, blueberry, honey, vanilla, and more has expanded the consumer base, attracting those seeking a flavorful twist to their yogurt experience.
The largest segment in the Greek yogurt market is retail stores. Retail stores, including supermarkets, hypermarkets, and convenience stores, have long been the primary destination for consumers seeking their favorite Greek yogurt brands. These brick-and-mortar establishments offer a tangible shopping experience, allowing customers to browse through a wide variety of Greek yogurt options and make informed purchasing decisions. The convenience of immediate product availability and the ability to physically examine the packaging and freshness of the product contribute to the dominance of retail stores in the market. The retail stores segment accounts for a significant Greek yogurt market share due to its widespread presence across various regions, catering to the diverse demands of consumers. As Greek yogurt continues to gain popularity as a healthy and delicious snack option, retail stores serve as convenient hubs for consumers to access their preferred brands. With an extensive distribution network and strategic placement within communities, retail stores remain the largest distribution channel in the Greek yogurt market.
On the other hand, the fastest-growing segment in the Greek yogurt market is online retail platforms. In recent years, there has been a significant surge in online shopping, driven by the convenience, accessibility, and wide range of product choices offered by e-commerce platforms. The Greek yogurt market has also witnessed a rapid shift towards online retail channels, as consumers increasingly opt for the convenience of doorstep delivery and the ability to explore and compare various brands and flavors from the comfort of their homes. The online retail platforms segment is experiencing exponential growth, fueled by the global digital transformation and the rising popularity of e-commerce. With the advancement of technology and secure online payment systems, consumers are embracing the convenience of ordering Greek yogurt online. This Greek yogurt market trend is further accelerated by the proliferation of mobile devices and the ease of mobile shopping.
The strawberry segment held the largest Greek yogurt market share of more than 30% in 2023. The demand for strawberry-flavored Greek yogurt can be attributed to an increasing preference for berry-based Greek yogurts. Strawberry is one of the most popular flavors of yogurts across the globe. The year-on-year sales of strawberry-flavored yogurt are nearly 2.5 times higher than that of vanilla. The associated health benefits of combining berries and yogurt are the major contributing factors fueling the growth of the segment. The trend of replacing nutrient-deficient snacks and high-calorie foods with flavored yogurts is anticipated to bode well for growth.
Several companies in the Greek yogurt industry are formulating and marketing new flavors to gain traction among millennials and health enthusiasts. For instance, in 2020, Chobani launched a line of lactose-free Greek yogurts in unique flavors like lemon meringue pie, banana cream pie, and super berry rocket. Such innovations are projected to create growth opportunities for the market in near future.
To get detailed analysis on other segments, Request For Free Sample Report
The dominating region in the Greek yogurt market in North America. North America has witnessed a phenomenal rise in the consumption of Greek yogurt over the years, establishing itself as the epicenter of this creamy delight. The region's love affair with Greek yogurt can be attributed to its numerous health benefits, rich and creamy texture, and versatile nature. North America's dominance in the Greek yogurt market is backed by robust consumer demand, an extensive distribution network, and a highly developed food industry infrastructure. The region boasts a large population of health-conscious individuals who appreciate Greek yogurt's high protein content, low sugar content, and probiotic properties.
On the other hand, the fastest-growing region in the Greek yogurt market is Asia Pacific. While Greek yogurt is relatively new to the region, it is quickly gaining traction among health-conscious consumers who seek nutritious and delicious dairy options. Rapid urbanization, changing lifestyles, and increasing disposable incomes in countries like China, India, and Japan are fueling the demand for Greek yogurt in the region. Asia Pacific offers immense growth potential for Greek yogurt manufacturers, as they capitalize on the region's rising health awareness and evolving taste preferences. With a growing population and a shift towards healthier dietary choices, the region presents a lucrative opportunity for Greek yogurt producers to expand their market share.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increasing consumer recognition of its health benefits
Influenced by shifting consumer preferences toward healthier and nutrient-rich food products
Price Sensitivity
Request Free Customization of this report to help us to meet your business objectives.
The Greek yogurt industry is highly competitive, with numerous players vying for market share and consumer loyalty. Key market players in this segment have established themselves as leaders in the Greek yogurt market through their strong brand presence, extensive distribution networks, and continuous product innovation. To stay competitive, market players are focusing on product differentiation and expanding their product portfolios to cater to evolving consumer preferences. They are introducing new flavors, incorporating natural and organic ingredients, and launching healthier variants with reduced fat and sugar content. Additionally, manufacturers are investing in marketing and advertising campaigns to create brand awareness and promote the benefits of Greek yogurts, such as its high protein content and probiotic properties. Strategic partnerships and collaborations are also common in the Greek yogurt market, with companies forming alliances to expand their geographic reach and tap into new consumer segments. Furthermore, mergers and acquisitions are prevalent as companies seek to enhance their market position and leverage synergies in manufacturing, distribution, and R&D capabilities.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The Global Greek Yogurt Market is experiencing robust growth and is poised for further expansion in the coming years. The market is being driven by several factors, including the growing awareness among consumers regarding the health benefits associated with Greek yogurt, such as high protein content, probiotic properties, and lower sugar content compared to traditional yogurt. Additionally, the rising popularity of Greek yogurt as a versatile ingredient in various culinary end users, including desserts, smoothies, and savory dishes, is further fueling market growth. Furthermore, the increasing demand for Greek yogurt in emerging economies, along with the introduction of innovative flavors and product variations by key market players, is expected to propel the market even further. Overall, the global Greek yogurt market is witnessing a positive trajectory and is likely to witness substantial growth in the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.07 billion |
Market size value in 2032 | USD 18.28 billion |
Growth Rate | 8.1% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Greek Yogurt Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Greek Yogurt Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Greek Yogurt Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Greek Yogurt Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Greek Yogurt Market size was valued at USD 33.92 Billion in 2023 and is poised to grow from USD 36.46 Billion in 2024 to USD 65.03 Billion by 2032, growing at a CAGR of 7.50% during the forecast period (2025-2032).
The Greek yogurt industry is highly competitive, with numerous players vying for market share and consumer loyalty. Key market players in this segment have established themselves as leaders in the Greek yogurt market through their strong brand presence, extensive distribution networks, and continuous product innovation. To stay competitive, market players are focusing on product differentiation and expanding their product portfolios to cater to evolving consumer preferences. They are introducing new flavors, incorporating natural and organic ingredients, and launching healthier variants with reduced fat and sugar content. Additionally, manufacturers are investing in marketing and advertising campaigns to create brand awareness and promote the benefits of Greek yogurts, such as its high protein content and probiotic properties. Strategic partnerships and collaborations are also common in the Greek yogurt market, with companies forming alliances to expand their geographic reach and tap into new consumer segments. Furthermore, mergers and acquisitions are prevalent as companies seek to enhance their market position and leverage synergies in manufacturing, distribution, and R&D capabilities. 'Chobani LLC (US)', 'FAGE International S.A. (Greece)', 'General Mills Inc. (US)', 'Danone S.A. (France)', 'Müller Group (Germany)', 'Nestlé S.A. (Switzerland)', 'Arla Foods amba (Denmark)', 'Yoplait (US)', 'Stonyfield Farm Inc. (US)', 'The Hain Celestial Group Inc. (US)', 'Glenisk Ltd. (Ireland)', 'Alpina Productos Alimenticios S.A. (Colombia)', 'The Greek Gods Yogurt (US)', 'Noosa Yoghurt LLC (US)', 'Liberté Inc. (Canada)', 'Fábrica de Licores y Alimentos de Antioquia (Colombia)', 'Yili Group (China)', 'Yakult Honsha Co. Ltd. (Japan)', 'Arla Foods Ltd. (UK)', 'The Collective Dairy (UK)'
One of the primary drivers behind the Greek yogurt market growth is the inherent health benefits it offers. Greek yogurt has gained increasing popularity among consumers due to its diverse nutritional advantages compared to regular yogurt. The current surge in demand for protein-rich products is a notable trend, as these items are known to provide a sense of fullness, stabilize blood sugar levels, and promote the development of lean muscle, ultimately facilitating fat loss.
Flavor Innovation and Product Diversification: Flavor innovation and product diversification are key Greek yogurt market trends. Manufacturers are constantly introducing new and exciting flavors to attract consumers and cater to their preferences. For example, brands are launching Greek yogurt variants with exotic fruit flavors, indulgent dessert-inspired flavors, or savory options like herbs and spices. This trend enhances the consumer experience, promotes product experimentation, and expands the consumer base.
The dominating region in the Greek yogurt market in North America. North America has witnessed a phenomenal rise in the consumption of Greek yogurt over the years, establishing itself as the epicenter of this creamy delight. The region's love affair with Greek yogurt can be attributed to its numerous health benefits, rich and creamy texture, and versatile nature. North America's dominance in the Greek yogurt market is backed by robust consumer demand, an extensive distribution network, and a highly developed food industry infrastructure. The region boasts a large population of health-conscious individuals who appreciate Greek yogurt's high protein content, low sugar content, and probiotic properties.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
Report ID: SQMIG30I2272
[email protected]
USA +1 351-333-4748