Greek Yogurt Market Projected for a Steady Growth in CAGR at 7.4% by 2022
Verfasser: ashwani_kailiya on Tuesday, 9 April 2019According to a recently released Fact.MR report, the global Greek yogurt market surpassed a value of US$ 5.6 billion in 2018, and is projected to witness a Y-o-Y growth of 7.4% in 2019. The thick and creamy texture along with a myriad of health benefits has contributed to escalating popularity of the Greek yogurt in the recent years. Growing consumer shift towards convenient items, on the back of busier and more active lifestyles in various regions across the globe has been directly influencing the growth of global Greek yogurt market. Rising consumption of Greek yogurt containing high probiotics that helps improve immune system and fight several health problems is considered to be a key factor driving the global market.
With growing utilization of Greek yogurt as a core ingredient in several food & beverage products, manufacturers are focusing on product innovations, fusion of flavors, and making it more nutritious which will meet the consumer need for health, taste, and convenience. This, in turn, is likely to create potential growth prospects of the Greek yogurt market. Further, emergence of dried Greek yogurt powder that reduces the risk of contamination and ensures longer shelf life is likely to complement the market expansion in the near future.