Greek Yogurt Market in Europe 2017-2021
About Greek yogurt market in Europe
Europe dominates the global yogurt market as the consumers in the region are becoming increasingly aware of their health and the nutritional value of the food they eat. Yogurt has become an important part of many dietary plans as people have become more aware of its nutritional facts. Yogurt contains pro-biotic bacteria, which help in improving the digestive system and the immunity of human beings. Yogurt is rich in protein, calcium, riboflavin, vitamin B6, and vitamin B12. Yogurt is suitable for children and elderly people who cannot produce lactase, the enzyme required to digest lactose.
Technavio’s analysts forecast the Greek Yogurt Market in Europe to grow at a CAGR of 7.73% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the Greek Yogurt Market in Europe for 2017-2021. To calculate the market size, the report considers both Greek and Greek-style yogurt.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Greek Yogurt Market in Europe 2017-2021
Technavio recognizes the following companies as the key players in the Greek yogurt market in Europe: FAGE, Danone, General Mills, and Müller UK & Ireland.
Other Prominent Vendors in the market are: KOLIOS SA Greek Dairy, Ben & Jerry's, Dodoni SA Agricultural Dairy Industry of Epirus, EasiYo, Ella's Kitchen, Emmi Group, Glenisk, Hansells, KRI KRI, Lancashire Farm, MEVGAL, Nurture, OLYMPUS, Optimel Euro Savings, Rachel's Dairy, Stapleton, Tims Dairy, Vivartia, and Yeo Valley.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing usage of super fruits in Greek yogurt. Growing health awareness among consumers is one of the major drivers for the growth of the Greek yogurt market in Europe. There has been a significant increase in the number of health issues such as diabetes, obesity, and allergies among consumers over the past few years. Thus, consumers have become increasingly health-conscious and are following a healthy diet to prevent or reduce the occurrence of diseases and illnesses.”
According to the report, one of the major drivers for this market is increasing demand for gluten-free Greek yogurt. The gluten-free food market in European countries is growing at a steady pace owing to an increase in the number of health-conscious people and a rise in the awareness of celiac diseases. In addition, currently there is no medication available to cure this disease, and the only way to avoid it is to switch to a gluten-free diet. Other factors like an increase in the number of digestive health problems, weight management issues, and the demand for nutritious food are increasing the demand for gluten free food items.
Further, the report states that one of the major factors hindering the growth of this market is negative environmental impact of the Greek yogurt manufacturing process. Acid whey is a by-product of the Greek yogurt manufacturing process. It contains significant amounts of nutrients such as calcium, magnesium, potassium, and sodium. There are very few options to reuse this by-product, and it is mostly released untreated. Filtering acid whey is often difficult because of the insolvability of the proteins, which are affected by the high acidity of the liquid. Untreated acid whey has a detrimental effect on the environment; it pollutes water bodies, destroying aquatic life.
FAGE, Danone, General Mills, Müller UK & Ireland, KOLIOS SA Greek Dairy, Ben & Jerry's, Dodoni SA Agricultural Dairy Industry of Epirus, EasiYo, Ella's Kitchen, Emmi Group, Glenisk, Hansells, KRI KRI, Lancashire Farm, MEVGAL, Nurture, OLYMPUS, Optimel Euro Savings, Rachel's Dairy, Stapleton, Tims Dairy, Vivartia, and Yeo Valley.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook