North American yogurt is estimated to display a CAGR of 4.5% during the forecast period (2020-2026). The per capita income has increased substantially over the last decade and a large portion of consumers in North America have inclined to organic, premium, and all-natural brands, in turn, supporting the yogurt industry revenue. The region is a colossal consumer of the dairy industry, with non-dairy space also witnessing a substantial elevation in the last few years. In North America, yogurt drinks are gaining popularity and success has encouraged manufacturers to invest more in the yogurt drink segment. In 2019, Ultima Foods, a Canadian yogurt market announced that it has invested a whopping $10.7 million in a new production line at its Quebec unit, to meet the increasing demand for drinkable yogurts.
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Consumer research conducted by major player Yoplait found North Americans are going back to basic options. Customers demand more nutritious ingredients and cleaner products, with no preservatives and no gelatin. Customers are keen to have an enriched taste experience and demanding low-fat dairy products. Icelandic-style yogurt has emerged as an exciting new niche in North America, following the success of Greek-style yogurt that had been prevalent in preceding years. One major example is Siggi’s Icelandic-style yogurt, distributed by Parmalat in Canada, which was launched in 2019.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered- by Product Type, Category, and Distribution Channel
· Countries Covered- US and Canada
· Competitive Landscape- Califia Farms, LLC, Chobani, LLC., Danone S.A., General Mills, Inc., LALA Branded Products, LLC, The Hain Celestial Group, Inc., and Voskos (Sun Valley Dairy)
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A full Report of North American Yogurt Market is Available at: https://www.omrglobal.com/industry-reports/north-american-yogurt-market
North American Yogurt Market Report Segment
By Product Type
· Dairy-based
· Non-dairy-based
By Category
· Flavoured
· Non-flavoured
By Distribution Channel
· Convenience Stores
· Supermarkets/Hypermarkets
· Online Stores
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
