The US dairy snacks market is projected to grow at a CAGR of 4.1% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising health concerns of the people across the country. There has been substantial adoption of organic products such as cheese and others which has contributed substantially to the market growth. However, lactose intolerance of the people along with the shift of the consumers towards the consumption of non-dairy snacks is some of the factors that hinder the growth of the market over the forecast period. Nevertheless, the introduction of lactose-free milk and other product launches are likely to create a scope for market growth.

The 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. 

Further, Dairy Farmers of America Inc., Danone SA, General Mills Inc., Nestle SA, Mondez International Inc., The Coca-Cola Co., and Unilever Plc are some of the prominent players operating in the  US 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.

Research Methodology

The market study of the US dairy snacks market is incorporated by extensive primary and secondary research conducted by the research team. 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 the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for dairy snacks manufacturers, food & beverages companies, dairy companies, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. US Dairy Snacks Market Research and Analysis by Product Type
2. US Dairy Snacks Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of the US dairy snacks market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US dairy snacks market.
• Insights about market determinants that are stimulating the US dairy snacks market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.