Starbucks jumping into Greek yogurt craze

Image
AP New York
Last Updated : Jul 24 2013 | 2:05 AM IST
Starbucks wants a taste of the Greek yogurt craze.
The Seattle-based coffee chain says it's teaming up with French food and drink company Danone to sell Greek yogurt parfaits. The ready-to-eat cups will arrive in its US cafes in the spring of 2014, eventually replacing the yogurt cups the chain currently sells.
They'll be called "Evolution Fresh inspired by Dannon" and roll out to grocery stores in 2015.
Financial terms of the multiyear deal weren't disclosed.
Greek yogurt, which is thicker and has a tarter taste, has surged in popularity in recent years and now accounts for more than a third of the market, according to Bernstein Research.
Fans like that Greek yogurt tends to have more protein and less sugar than the sweeter, thinner varieties traditionally sold in American supermarkets.
The popularity of brands such as Chobani has prompted makers of traditional supermarket yogurt, such as General Mills' Yoplait, to scramble to introduce Greek varieties.
Danone, which makes Dannon yogurt in the US, also sells Oikos Greek yogurt.
The companies say distribution will eventually expand to targeted markets outside the US.
The move also builds on Starbucks' push to improve its food. It has been introducing Evolution Fresh juices and plans to roll out new baked goods in the year ahead. New sandwiches and salads were also recently introduced.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 24 2013 | 2:05 AM IST

Next Story