Organic and natural foods specialist Hain Celestial has continued to generate strong growth in the US market while more mainstream consumer packaged food companies have suffered volume declines, says its boss.
The rush to build new capacity in the US yogurt sector - largely driven by the Greek yogurt boom - could put pressure on prices in the short term, although things should even out over time, predicts Yoplait-maker General Mills.
The second class action lawsuit in six months to question whether a Greek yogurt brand meets the legal standard of identity for yogurt in the US has been filed in California against Agri-Mark subsidiary Cabot.
Muller Quaker Dairy, the joint venture between PepsiCo and the Germany-based Theo Müller Group, has broken ground on its first US yogurt manufacturing plant – less than a month after entering the market.
Danone has hinted that Kraft’s withdrawal from the booming Greek yogurt category in the US is proof of how hard it is to penetrate the sector within a refrigerated yogurt market Mintel estimates was worth almost six billion dollars in 2011.