Industry Analysis & Industry Trends
Over the past five years, rising disposable income and high health consciousness among consumers have stimulated demand for the Yogurt Production industry. While the production of most dairy products has stagnated or experienced marginal growth during the five-year period, yogurt production has sharply increased. The advent of Greek-style yogurt over the past five years has opened a niche market in an otherwise saturated industry, aiding industry growth. Since 2005, demand for Greek-style yogurt has increased at an astronomical rate. Continued economic recovery, rising disposable incomes and increased per capita consumption of yogurt are expected to support overall industry growth through 2021.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Yogurt Production industry displays a high level of market share concentration, with the top four companies accounting for over 54.0% of industry revenue in 2016. Strong brand names, such as Dannon, Yoplait and Fage have long since dominated the US industry. Industry newcomer Chobani made waves by launching its Greek-style yogurt, which boasts more protein and less calories than other yogurt varieties. Although Chobani still holds the largest share of that segment, the company has forfeited some ground to Dannon after its introduction of a Greek-style yogurt.
In the five years to 2016, market share concentration has decreased as Chobani has added itself to the top revenue generating companies, consolidating total yogurt sales into four major producers... purchase to read more