The North American yogurt market is estimated to grow at a CAGR of 4.5% during the forecast period. The market is expected to grow based on increasing obesity levels in both the US and Canada. Increasing issues concerning obesity have led Americans to go for healthier diets that have spurred an increased demand for yogurts in the region. The yogurt sector has witnessed tremendous growth as they are increasingly made available in exotic flavors including chocolate, coconut, and more. Secondary growth factors for the yogurt market in North America include rising per capita disposable income, increasing urban population, and a healthy eating index. Urban population customers are inclined to try new healthy food products, which makes the region a hot prospect for different types of yogurts.
The North American yogurt market is segmented based on product type, category, and distribution channel. Based on the product type, the yogurt market is segmented into dairy-based and non-dairy-based. Based on the category, the market is classified into flavored and non-flavored. Based on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, and online stores. In North America, there has been a significant rise in consumers preferring online shopping, owing to the level of convenience it provides for consumers as they find it easy to choose their preferred yogurt brands and get vast varieties of flavor and product. Developed economies, such as the US, where a large percentage of consumers buy groceries online, have witnessed record online sales for yogurt.
The North American yogurt market is analyzed across the US and Canada. The US accounts for the highest share of the market, leading Canada by a huge share. Obesity problems have motivated individuals in the US to consume cholesterol-free, naturally prepared dairy alternative products, which fuels the growth of the plant-based/non-dairy yogurts in the country.
A large number of players have been running the North American market, and the number is expected to increase soon, owing to the rise in demand for organic and plant-based products, in turn, capitalization on plant-based/non-dairy yogurts. 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) are some of the key players running the North American yogurt market.
Research Methodology
The market study of the North American yogurt market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. North American Yogurt Market by Product Type
5.1.1. Dairy-based
5.1.2. Non-dairy-based
5.2. North American Yogurt Market by Category
5.2.1. Flavored
5.2.2. Non-flavored
5.3. North American Yogurt Market by Distribution Channel
5.3.1. Convenience Stores
5.3.2. Supermarkets/Hypermarkets
5.3.3. Online Stores
6. Regional Analysis
6.1. The US
6.2. Canada
7. Company Profiles
7.1. Califia Farms, LLC
7.2. Chobani, LLC.
7.3. Daiya Foods, Inc.
7.4. Danone S.A.
7.5. General Mills, Inc.
7.6. Hans Dairy, Inc.
7.7. Lactalis American Group, Inc.
7.8. La Yogurt Probiotic
7.9. LALA Branded Products, LLC
7.10. Siggi's Dairy (The Icelandic Milk & Skyr Corporation)
7.11. Saputo, Inc.
7.12. Stonyfield Farm, Inc.
7.13. The Hain Celestial Group, Inc.
7.14. The YoFarm Company
7.15. Ultima Foods, Inc.
7.16. Voskos (Sun Valley Dairy)
1. NORTH AMERICAN YOGURT MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
2. NORTH AMERICAN YOGURT MARKET RESEARCH AND ANALYSIS BY CATEGORY, 2019-2026 ($ MILLION)
3. NORTH AMERICAN YOGURT MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
4. NORTH AMERICAN YOGURT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
1. NORTH AMERICAN YOGURT MARKET SHARE BY PRODUCT TYPE, 2019 VS 2026 (%)
2. NORTH AMERICAN YOGURT MARKET SHARE BY CATEGORY, 2019 VS 2026 (%)
3. NORTH AMERICAN YOGURT MARKET SHARE BY DISTRIBUTION CHANNEL, 2019 VS 2026 (%)
4. NORTH AMERICAN YOGURT MARKET SHARE BY COUNTRY, 2019 VS 2026 (%)
5. THE US YOGURT MARKET SIZE, 2019-2026 ($ MILLION)
6. CANADA YOGURT MARKET SIZE, 2019-2026 ($ MILLION)