Kri Kri Invests €52.2 Million to Double Yogurt Capacity and Target US and China
Greek dairy producer Kri Kri is investing €52.2 million in new production units designed to double capacity by the end of 2027. The company plans to use long-life Greek frozen yogurt to enter the US and China while expanding its established European export business.
Kri Kri prepares for its next export markets
Greek dairy producer Kri Kri is preparing to extend its yogurt business beyond its established European markets, with the United States and China identified as targets for Greek frozen yogurt. According to Kathimerini, the product’s long shelf life makes it suitable for reaching large, distant markets where conventional chilled yogurt faces more demanding logistics.
The international push builds on a business already weighted heavily toward exports. Kri Kri generates 75% of its dairy activity outside Greece. Its foreign dairy business grew by 54.3% in the first quarter of 2026, led by a 74% increase in the United Kingdom and a 36% rise in Italian sales compared with the first quarter of 2025. The company sells both branded products and private-label yogurt made for overseas retail chains.
New plants will double production capacity
To meet rising demand, Kri Kri has launched an investment program called Greek Yogurt Dynamo. The €52.2 million project covers new production units intended to double capacity and is scheduled for completion at the end of 2027. A further €50 million investment plan is already being prepared for 2028-2030.
The expansion follows a decade of rapid revenue growth. Turnover rose from €67 million in 2015 to €329 million in 2025. Management expects sales to exceed €390 million in 2026 and has set a medium-term target of €500 million after the Dynamo project is completed.
Kri Kri has also strengthened its position at home. Almost one in two yogurts consumed in Greece is produced by the company, including its own branded range and private-label products for most major Greek supermarket chains. Its brand ranks second among branded yogurts with a 13% share. Private-label yogurt, meanwhile, accounts for nearly 22% of domestic sales value, up from 15.9% in 2020.
Greek yogurt exports gain European market share
The investment coincides with strong growth across Greece’s yogurt industry. Export value reached €559 million in 2025, 42.49% higher than in 2024, while export volume increased by 41.77%. A National Bank of Greece study expects shipments to reach 331,000 tonnes in 2026, compared with 91,000 tonnes in 2019. Greek yogurt has retained a price premium of about 30% over European competitors despite the increase in volume.
The United Kingdom, Italy and France absorbed 97% of the additional Greek export volume. These markets expanded at an average annual rate of about 20%, compared with roughly 5% for total European yogurt exports. Greece’s share of European yogurt exports consequently rose from 7% in 2019 to 20% in 2026. Germany remained ahead at 24%, but its share fell from 38% as export volumes declined by about 2% annually. Kri Kri’s new capacity is therefore aimed at supporting further growth in Europe while opening routes into much more distant consumer markets.
