The North American dairy snacks market is projected to grow at a CAGR of 4.2% during the forecast period. The key factors that drive the growth of the market include the increased demand for dairy-based snacks in the region. There has been a significant demand for dairy snacks owing to the increased health consciousness of the people regarding health and the consumption of organic dairy-based products. Hence, this has contributed to the growth of the North American dairy snacks market over the forecast period.
The North American dairy snacks market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into cheese, yogurt, ice cream, and others such as butter. Cheese is estimated to contribute a prominent share in the market. Based on the distribution channel, the market is segmented into retail & supermarkets and online distribution channel. Retail & supermarkets are the major distribution channels for dairy snacks.
Based on the geographic viewpoint, the North American dairy snacks market is segmented into the US and Canada. The US dominates the market in 2019 and will continue its dominance over the forecast period. Further, Dairy Farmers of America Inc., Danone SA, General Mills Inc., Nestle SA, Royal FrieslandCampina NV, and Unilever Plc are some of the prominent players operating in the North American dairy snacks market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
For instance, in January 2020, The Coca-Cola Co. has acquired the remaining stake in fairlife LLC from its joint venture partner Select Milk Producers. Coca-Cola now owns 100% of fairlife, up from its previous 42.5% minority stake. fairlife LLC, which launched in 2012, started with a high-protein milkshake called Core Power and has grown to offer products in the value-added dairy category in North America.
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North America Dairy Snacks Market– Segmentation
By Product Type
- Cheese
- Yogurt
- Ice Cream
- Others
By Distribution Channel
- Retail & Supermarkets
- Online Distribution Channel
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Regional Analysis
- US
- Canada
Company Profiles
- Almarai Co.
- Overview
- Almarai Co. in North America Dairy Snacks Market
- Recent Developments
- Arla Foods Group
- Califia Farms, LLC
- Dairy Farmers of America Inc.
- Danone SA
- Fonterra Group Cooperative Ltd.
- General Mills Inc.
- Mondelez International Inc.
- Nestle SA
- Saputo Inc.
- The Coca-Cola Co.
- Unilever Plc
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