North America Dairy Snacks Market Growth Factors

The North American dairy snacks market is anticipated to grow at a CAGR of 4.2% over the forecast period (2020-2026). For early and mid-morning snacks, consumers opt for nourishment and prefer coffee or milk as snacks. Looking at consumer trends, manufacturers and retailers foresee the benefits of combining flavors and nuts option with dairy products, such as milk. This increased sales of on-the-go snacking globally. This, in turn, has contributed to the growth of the market over the forecast period. 

Browse the full report description North America Dairy Snacks Market Size, Share & Trends Analysis Report By Product (Cheese, Yogurt, Ice Cream, and Others), By Distribution Channel (Retail & Supermarkets and Online Distribution Channel), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/north-american-dairy-snacks-market

The key factor that may negatively impact the growth of the North American dairy snacks industry includes the rising lactose intolerance among the people. However, the introduction of lactose-free milk is likely to create substantial opportunities for the growth of the dairy snacks market in the North American region. 

Besides, the presence of the key players also supports the growth of the North American dairy snacks market growth. Players such as Dairy Farmers of America Inc., Danone SA, General Mills Inc., and Unilever Plc are substantially contributing to the growth of the market by adopting several growth strategies such as product launches and innovations. 

For instance, in August 2018, Dairy Farmers of America (DFA) invested $470 million in a new whey and cheese facility in Michigan, the US, in partnership with Glanbia Nutritionals and Select Milk Producers Inc. This led the company to strengthen its portfolio and serve a large consumer base in the region.

Market Coverage

• Market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type and By Distribution Channel
• Region Covered- North America
• Competitive Landscape- Dairy Farmers of America Inc., Danone SA, General Mills Inc., Nestle SA, Royal FrieslandCampina NV, and Unilever Plc 

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North America Dairy Snacks Market – Segmentation

By Product Type

• Cheese
• Yogurt
• Ice Cream
• Others

By Distribution Channel

• Retail & Supermarkets
• Online Distribution Channel

North America Dairy Snacks Market – Country Covered

North America      

• US
• Canada