Industry Analysis & Industry Trends
During the past five years rising disposable income and high health consciousness among consumers have stimulated demand and production within the Yogurt Production industry. Since 2005, Greek-style yogurt has quickly eaten up market share, with demand for the product skyrocketing at an astronomical rate. In the coming years, the Greek-style yogurt phenomenon will continue aiding industry performance. Additionally, as per capita disposable income continues its postrecessionary rebound, Americans will increasingly indulge in this guilt-free treat.... purchase to read more
Industry Report - Industry Products Chapter
IBISWorld has segmented the industry according to the three main styles of yogurt production: set-style yogurt, Swiss-style yogurt and Greek-style yogurt.
Greek-style yogurt technically entered the United States in 1998 via industry player Fage Dairy Inc., however it was not until 2005, with Chobani entering the yogurt business, that Greek-style yogurt began to gain prominence. Since 2005, Greek-style yogurt has quickly eaten up market share, ascending at an astronomical rate. Indeed, according to data from Packaged Facts, a market research firm focused in the food and beverage sector, Greek yogurt has grown from only 1.0% of retail sales to account for about 35.0% of total yogurt sales in 2014... purchase to read more