Fact.MR has recently published a fresh research assessment titled Greek Yogurt Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Greek Yogurt market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2017 and 2022. According to research findings, the global Greek Yogurt market is estimated to record growth at 7.6% CAGR during the forecast period until 2022.
This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Greek Yogurtacross prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Product Type, Package Type Sales Channel, Nature.
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Greek Yogurt Market to Witness Relatively High Sales through Modern Trade
Modern trade is foreseen to remain the most attractive sales channel of Greek yogurt market, contributing a revenue of more than US$ 2.6 billion in 2018. Growing number of supermarkets and hypermarkets, especially in emerging economies, is likely to influence maximum sales of Greek yogurt, lifting the market growth. To strengthen regional performance of the market, manufacturers in the Greek yogurt industry are also targeting convenience stores, which may experience a robust growth in the foreseeable future.
Spoonable Greek Yogurt Remains a Leading Product
In 2018, global sales of spoonable Greek yogurt closed in on a valuation of nearly US$ 4 billion, holding a sizeable share as compared to drinkable variants in the global Greek yogurt market.
Based on package type, consumers are showing high preference towards Greek yogurt available in cups and tubs, accounting for over two-third revenue share of the global market in 2017. Bottled Greek yogurt is also likely to experience a significant growth in the coming years.
Compared to organic variants, conventional Greek yogurt is expected to witness a maximum demand, and continue to maintain its leading position in the global Greek yogurt market.
The study opines that North America will continue to remain at the forefront of Greek yogurt market, registering a value of nearly US$ 2 billion in 2018. Factors favoring the growth of North America Greek yogurt market range from large consumers acceptance of the products to expanding health-conscious demographic. Meanwhile, Europe is envisaged to record a growth of 6.6% in 2019 through 2018 in Greek yogurt market, owing to rising use of such products as alternatives for butter, mayonnaise, cheese cream and sour cream. With high protein, calcium, and potassium content, Greek yogurt is further expected to gain pace for breakfast and snacking.
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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Greek Yogurt market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Greek Yogurt market. Furthermore, insights related to competitive trends are clearly discoursed for benefitting stakeholders and new investors. Some of the chief players mentioned in the report are (FAGE USA Dairy Industry, Wallaby Yogurt Company, Inc., The Hain Celestial Group, Inc).