The US yogurt market is estimated to exhibit a sturdy CAGR of 4.7% during the forecast period (2020-2026). Increasing disposable income, growing overall economy, premiumization has all contributed to the growth of the US yogurt market. Dairy-based products are considered one of the most essential consumables in the country, with more and more consumers starting to notice the health benefits offered by yogurt. Supermarkets/hypermarkets are increasingly expanding their yogurt offering in the US. The rise in conventional retail distribution channel penetration in mature markets has formed new ways for the growth of the market. Besides, the surge in deals and discounts offered to consumers by these supermarkets/hypermarkets results in the dominance of conventional retailing in the US yogurt market. Additionally, supermarkets/hypermarkets are expected to endure as the most favored sales channel in the country, during the forecast period.
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Further, emerging segments such as plant-based yogurt and yogurt drinks are showing growth in the market. The growing popularity of plant-based yogurt in the US has led an increasing number of players offering new innovative products. For instance, in 2019, Danone launched two new lines Silk Almond milk Yogurt Alternative Mix-ins and So Delicious Coconut milk Yogurt Alternative Pairings. In addition, the growing vegan population in the US is contributing significantly to the growth of plant-based yogurts, coupled with the increasing availability of novel flavors, including pineapple, coconut, chocolate, and cranberry, among others.
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
· Country Covered- the US
· Competitive Landscape- Califia Farms, LLC, Chobani, LLC, Dannon S.A., General Mills, Inc., LALA Branded Products, LLC, Stonyfield Farm, Inc, and The Hain Celestial Group
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A full Report of US Yogurt Market is Available at: https://www.omrglobal.com/industry-reports/us-yogurt-market
US 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.)
