Kraft discontinues Athenos Greek yogurt   Leave a comment

Kraft Foods Inc is discontinuing its Athenos line of Greek yogurt, the company said on Thursday, exiting the fast-growing U.S. Greek yogurt market. Athenos, which also makes feta cheese, hummus and pita chips, discontinued the yogurt in March.  “Although we had a loyal following of Athenos Greek yogurt fans, we have decided to refocus our efforts on innovating new products for the Athenos brand,” a Kraft spokesman said in a statement. “We know that this is very disappointing to consumers, and it was an extremely difficult decision for us to make.” Sales of Greek yogurt, which is thicker and has more protein
than other yogurt, have soared in the United States in the last few years. The market is dominated by privately held Agro Farma, whose Chobani brand has about a 60 percent share. Danone is second with 17 percent, followed by Greece-based Fage, and Yoplait owner General Mills. Kraft Foods is preparing to split into two companies — one focused on snack brands like Cadbury, Oreo and Ritz and one
focused on grocery brands like Oscar Mayer, Maxwell House and Planters.

In the spirit of Food Marketing week, I decided to blog about Kraft discountinuing Athenos Greek yogurt. The Greek yogurt business is a very competitive market, as sale of greek yogurt, which is thicker and provides more protein, has sky rocketed in the United States. Therefore, Kraft, as a food company powerhouse, has decided to pull this product because it wasn’t cutting it in the market. They want to focus Athenos’ business on something they can excel in and that simply isn’t Greek yogurt, not when Chobani is so incredibly dominating.

Advertisements

Posted April 16, 2012 by annabellecunningham18 in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: