NEW YORK (TheStreet) -- The Chobani Greek yogurt brand is preparing a major invasion at U.S. supermarkets. Its plan of attack includes seasonal yogurt flavors, snack dips, and encouraging buyers to use its yogurt as an ingredient in cooking and baking.
Launched in 2007 in Long Island, N.Y., Chobani, which makes the tart, Mediterranean-themed yogurt, boosted revenue by 32% last year, and is expected to record sales above $1.5 billion in 2014, according to The Wall Street Journal. The company, run by founder Hamdi Ulukaya, has a 19% share of the $6.5 billion U.S. market for refrigerated yogurt, as compiled by Nielson. Its market share jumps to 38% if only focusing on U.S. Greek yogurt, according to Nielsen.
The company competes in the yogurt space with heavyweights Dannon, Yoplait (owned by General Mills (GIS)), and Fage.
Chobani's invasion of U.S. grocery aisles began this month.
Chief Marketing Officer Peter McGuinness said the company is looking to branch out beyond the dairy section and "inspire people to use, and eat Greek yogurt in new and different ways."
Plan of Attack
Chobani's effort to alter the image of Greek yogurt could be seen in the launch of the company's first-ever seasonal flavors of pink grapefruit and watermelon.
Then there's Chobani Kitchen, a new platform for the company that centers on "yogurt as an ingredient." Products from Chobani Kitchen will have a higher fat content (4%) than traditional Chobani Greek yogurt to aid in cooking and baking.
"It's a replacement for sour cream" said McGuinness in an interview, adding that the product "enhances the flavor of food more" relative to sour cream.