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 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 over 35.0% of total yogurt sales in 2015... purchase to read more