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North America Yogurt Market will reach US$11.7 billion, at 8.2% CAGR by 2019.
The Yogurt Market in North America was worth USD 7.3 billion in 2012 and is expected to reach USD 11.7 billion by 2019; growing at a CAGR of 8.2% from 2013 to 2019.
Published 12 October 2015
A report has been recently published by Transparency Market Research on the North America yogurt market. According to the report, the North America yoghurt market had reached a value of US$7.3 billion in 2012 and is estimated to develop at a steady CAGR of 8.2% and reach a value of US$11.7 billion by 2019. The market research report describes the yogurt market’s drivers, trends, inhibitors, and opportunities in detail. The report is titled, “Yogurt Market - North America Scenario, Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019”.Yogurt is obtained through fermentation of milk and is a dairy product. There is rising awareness about the benefits of yogurt as a healthy alternative to include in daily diet. Yogurt has many boons as it has good bacteria or probiotics that boost the immune system, provide calcium, and help combat constipation and diarrhea. Due to these benefits, the yoghurt market is thriving in North America and is expected to gain a double digit CAGR over the coming years.
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The yogurt market in North America is fuelled by an upsurge in the number of young adults having this food item for breakfast, lunch, and dinner. The distribution channels also have expanded as yogurt is now sold in departmental stores, hypermarkets, and supermarkets among others. Another factor that is boosting the yogurt market is that it is considered as a healthy food option with weight loss benefits. However, high manufacturing costs and fears among consumers about harmful effects of dairy products such as links to cancer and allergies, may hamper the yogurt market.
Segmentation of the yogurt market is done by type and geography. On the basis of type the yoghurt market in North America is bifurcated into frozen yogurt and set yogurt. The geographical segments of the market are Mexico, Canada, and U.S. According to the report, Mexico is predicted as the next largest yogurt market in North America. The reasons cited for this are disposable incomes, changing lifestyles, increasing population, and improving diet choices.Additionally, the U.S. is the biggest producer of dairy products in this region. In North America, the frozen yogurt segment is foreseen to witness a boost due to the fact that this type of yogurt is favored as a dessert with probiotic qualities of health food.
Browse the full Yogurt Market - North America Scenario, Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019 report at : http://www.transparencymarketresearch.com/yogurt-market.html
Frozen yogurt is eaten as a dessert and set yogurt is used in recipes. Greek yogurt is popular in North America and frozen yogurt is growing in popularity as a dessert food item in Canada. According to estimates, both frozen and set yogurt is anticipated to rise in demand in Mexico and the yogurt market in this region is expected to gain double digit growth rate from 2013 to 2019. The private label brands of yogurt are expected to gain strong share in North America over the coming six years due to economical pricing factors. The key players analyzed in the report are General Meals, U.S., Chobani Inc., Sodiaal S.A. Groupe Danone S.A., Ultima Foods Inc., and Parmalat.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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