Global Greek Yogurt Market Scope:
The global Greek Yogurt Market is projected to reach approximately USD 13.49 billion by 2030. It can grow at a significant CAGR of 7.56% during the forecast period.
The Mexico Greek Yogurt Market is experiencing significant growth, driven by changing consumer preferences towards healthier and protein-rich dairy products. Greek yogurt, known for its creamy texture and tangy flavor, has gained popularity among Mexican consumers seeking nutritious and convenient snack options. Its higher protein content and probiotic properties have contributed to its appeal as a functional food. Moreover, the versatility of Greek yogurt as a standalone snack or ingredient in various dishes has further fueled its market growth. Manufacturers are introducing a variety of Greek yogurt products, including plain, flavored, and Greek yogurt-based beverages, to cater to diverse consumer preferences. As the demand for healthier and functional foods continues to rise, the Greek yogurt market in Mexico is expected to witness sustained growth, with opportunities for further market penetration and product innovation.
The rising wave of health-consciousness among the masses and avoidance of overprocessed foods are primary drivers of the market. Active probiotics present in yogurt which can assist in digestion of foods can drive its sales. Adoption of healthy diets and availability of various products which can assist in weight loss can influence the market greatly. Availability of raw materials, high disposable income levels of consumers, and acceptance of packaged foods can drive the market demand.
However, alternatives to the product such as kefir and skier can threaten the market growth.
Greek yogurt is a value-added yogurt which has gained prominence owing to the removal of lactose from regular yogurt. Consumption of dairy products owing to their health benefits to the immunity system and digestion. The global Greek Yogurt Market report by Market Research Future (MRFR) looks at the success of the industry and the various challenges it can face for the period of 2023 to 2030 (forecast period). The news of the COVID-19 pandemic has caused a disruption in the supply chain of Greek yogurt production and its effects are included in the report.
Segmentations:
The global Greek yogurt market has been segmented based on flavor, category, and distribution channel.
Based on flavor, the global market classifies the product into unflavored, blueberry, vanilla, raspberry, strawberry, blends, others.
By category, the global market is divided into organic and conventional.
Based on distribution channel, the global market is segmented into store-based and non-store-based. The store-based segment is further segmented into convenience stores, supermarkets & hypermarkets, and others.
Competitive Outlook:
Byrne Hallow Farm, Danone S.A., Sun Valley Dairy, FAGE USA Dairy Industry Inc., Jalna Dairy Foods Pty Ltd., Stonyfield Farm, Inc, General Mills, Inc., Erhmann AG, Nestlé S.A., and Chobani LLC are prime operational in the global Key Greek Yogurt Industry Players.
Innovation seems to be the primary strategy for differentiating among peers. For instance, General Mills packages its Greek yogurt in glass pots. Combinations of flavor-variety-brand are likely to keep the industry in a state of constant flux.
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