Hook
More breakout videos from this creator.
There is some yogurt drama happening right now Dannon is suing Chobani over mislabeled protein claims on their 32-ounce tub of yogurt. Dannon is alleging that Chobani has misled consumers over its 20 gram protein claim. Dannon has a product called Oikos Pro, which has about 20 grams of protein, and Chobani's is more akin to their Triple Zero, which has 18 to 15 grams of protein. So different, right? And since 2016, there have been about four lawsuits that Dannon has made against Chobani. And it's no surprise that Dannon is doing this either. Chobani is a beast. They're going to be the next 100-year brand. They are going to stand up to the Coca-Colas of the world, the Pepsis of the world, and be around for a long time. Since starting in 2007, they have done a lot for the Greek yogurt space. They helped propel it from less than 1% of the US market to over 50% of the US market. And Chobani alone controls about 20% of the yogurt market in the US. Earlier this year, they raised nearly a billion dollars at a $20 billion valuation. They purchased La Colombe for $900 million. They bought Daily Harvest. They're opening up a massive facility in Upstate New York. They're a force to be reckoned with, and legacy players like Dannon are definitely scared here and are trying to do what they can to keep their claim in the yogurt and dairy space.