Transparency
Market Research’s latest market study on the North America yogurt
market delves into market trends and opportunities that will have a
significant impact on the course of the market through the forecast
period. Market indicators such as drivers and challenges are also
examined for a credible analysis of this market. The yogurt
market in North America will be valued at US$11.7 bn by 2019
expanding at a CAGR of 8.2% from 2013 to 2019. The market’s
valuation in 2012 was US$7.3 bn, says the report.The report is
titled, “Yogurt Market - North America Scenario, Industry Analysis,
Size, Share, Growth, Trends, and Forecast, 2013 - 2019”, and
available for sale on the company website.
In
North America, increasing awareness about the health benefits of
yogurt, especially among young adults has been a reason to include
the food as part of main meals. The production of yogurt involves
fermentation of milk, wherein friendly bacteria act on milk to
convert milk into curds. Consumption of yogurt boosts immunity, helps
combat diarrhea and constipation, and provides calcium as well.
Due
to increased consumption of the product, distribution channels have
also expanded operations for the product to be available across
departmental stores, supermarkets, and hypermarkets among others.
Consumption of yogurt is also a fad among weight watchers as a
healthy food option. Due to these reasons, the North America yogurt
market will be on a growth trajectory displaying double-digit growth
rate in the coming years.
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However,
the high manufacturing cost of the product and notions among
consumers about dairy products causing allergies and cancer may have
a negative impact on the growth of this market.Product type and
geography are the criteria that divide the yogurt market in North
America. On the basis of product, set yogurt and frozen yogurt are
the segments of this market. Between the two, the frozen yogurt
segment will witness substantial demand in the coming years due to
its consumption as a dessert infused with probiotic properties.
The
regional segments of the North America yogurt market are Canada,
Mexico, and U.S. The report says that Mexico will emerge as the next
largest market for yogurt in this region. Increasing disposable
incomes, increasing population, changing lifestyles, and improving
food choices are the reasons cited for this. Both set yogurt and
frozen foods will witness substantial demand in Mexico for cooking
and ready-to-eat purposes respectively, adds the report.
Currently,
the U.S. is the largest yogurt market in North America. The presence
of some of the world’s largest dairy companies, efficient
distribution channels, modern infrastructure, and health awareness
are the reasons for this. Canada exhibits a growing demand for frozen
yogurt as a healthy dessert option.
The
top companies that operate in the yogurt market of North America are
General Meals, Chobani Inc., Groupe Danone S.A., Parmalat, U.S.,
Sodiaal S.A., and Ultima Foods Inc. The private yogurt brands in
North America will gain a strong share in the foreseeable years due
to economical pricing.
The
North America yogurt market is segmented as follows:
North
America Yogurt Market, by Type
- Frozen Yogurt
- Set Yogurt
North
America Yogurt Market, by Region
- U.S.
- Canada
- Mexico
Contact
Mr.
Sudip S
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State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
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