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.
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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.
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North American Yogurt Market Segmentation
By Product Type
Dairy-based
Non-dairy-based
By Category
Flavored
Non-flavored
By Distribution Channel
Convenience Stores
Supermarkets/Hypermarkets
Online Stores
Regional Analysis
The US
Canada
Company Profiles
Califia Farms, LLC
Chobani, LLC.
Daiya Foods, Inc.
Danone S.A.
General Mills, Inc.
Hans Dairy, Inc.
Lactalis American Group, Inc.
La Yogurt Probiotic
LALA Branded Products, LLC
Siggi's Dairy (The Icelandic Milk & Skyr Corporation)
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