Europe’s Greek yogurt market set to skyrocket by $1.33 billion during 2020-2024

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The Greek yoghurt market in Europe is set to grow by USD 1.33 billion, progressing at a CAGR of almost 8% during the forecast period.

According to a report released by Technavio, the sales of Greek yoghurt are set to continue on the positive growth experienced in 2019. The market is driven by the nutritional benefits of Greek yogurt. However, the presence of stringent government regulations is recognised as a potential challenger of its growth.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Greek Yogurt Market in Europe: Product Landscape

Based on the product, the market witnessed significant growth in the plain and low-fat Greek yogurt segment in 2019. The segment is driven by the introduction of different flavours of plain Greek yogurt by vendors.

Greek Yogurt Market in Europe: Geography Landscape

In 2019, 31% of the market’s growth originated from the Rest of Europe segment that excludes France, Germany, and the UK. The segment is driven by the increased consumption of Greek yogurt in Greece, the Netherlands, and Denmark.

Greece, the Netherlands, and Denmark are the key markets for Greek yogurt in the Rest of Europe. However, the report concludes that the market growth in this region will be slower than the growth of the market in France, Germany, and the UK.

READ MORE: Kiki Efthimiou: We need a collective effort to defend the name ‘Greek Yoghurt’ in Australia
READ MORE: Scientists are using waste from Greek yoghurt to create ‘green’ antibiotics

Major Three Greek yogurt Market Vendors

Danone SA

Danone SA operates its business through segments such as Specialized Nutrition, Essential Dairy and Plant-Based Products, and Waters. The company offers fresh dairy products as well as plant-based products and beverages.

Dodoni SA Agricultural Dairy Industry of Epirus

Dodoni SA Agricultural Dairy Industry of Epirus operates its business through the Unified product segment. Key products offered by the company include Authentic Greek yogurt and DODONI Epirotiko Strained.

Emmi Group

Emmi Group operates its business through segments such as Switzerland, Americas, Europe, and Global Trade. The company offers Emmi Swiss Premium Greek Style Yogurt. The product is offered in various flavors such as natural, strawberry, peaches, blueberry, and others.

Sourced By: Newswire

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