The
research report on the North America yogurt market from Transparency
Market Research (TMR) offers key insights into the market. The report
is titled “Yogurt Market - North America Scenario, Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019”.
According to the report, the North America yogurt market will expand
at a moderate CAGR of 8.20% during the forecast period from 2013 to
2019. In 2012, the North America yogurt market was estimated at
US$7.3 bn and by 2019, the market is projected to be worth US$11.7
bn.
The
North America yogurt market is driven by the rising demand for the
same from young adults. Furthermore, the growing importance of yogurt
and dairy food in modern-day dietary plans will also fuel the North
America yogurt market. The increasing health awareness and widening
distribution channels in North America will also benefit the North
America yogurt market. Distribution channels such as hypermarkets,
supermarkets, and departmental stores are growing in number, driving
the availability of yogurt in the nearest store to the average
customer. Nevertheless, the rising fixed costs and the misconceptions
associated with the health concerns of the dairy products will
suppress the overall North America yogurt market.
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full Yogurt
Market
report
at:http://www.transparencymarketresearch.com/yogurt-market.html
By
product type, the North America yogurt market is divided into set
yogurt and frozen yogurt. The frozen yogurt segment is expected to
display strong growth in the coming few years due to the fact that
this type of yogurt is favored as a dessert thanks to its probiotic
qualities. In North America, the trend of eating frozen yogurt as a
dessert is gaining traction. On the other hand, set yogurt is
increasingly being used in recipes. Greek yogurt is also popular in
North America, while the popularity of frozen yogurt as a dessert
food item is gradually gaining popularity in Canada. Greek yogurt,
due to its unique taste, is one of the most consumed and most
preferred types of yogurt.
According
to geography, the North America yogurt market is segmented into the
U.S., Canada, and Mexico. Mexico is projected to be the next largest
yogurt market in North America. The Mexico yogurt market will grow
significantly due to the rising disposable income levels in the
country, the increasing population, changing lifestyles, and
improving diet choices. However, it is the U.S. that is the biggest
producer of dairy products in the North America yogurt market.
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The
Mexico yogurt market is projected to witness rising demand for both
frozen and set yogurt. The private label brands of yogurt in North
America will enjoy strong growth in the coming few years due to
economical pricing. The rising competition among key players will
create opportunities for innovation in yogurt products.
Players
in the North America yogurt market will tap into the opportunity of
the growing preference for and consumption of yogurt as a health
food. Some of the key players operating in the North America yogurt
market are Nestle, Grupo Alpura, Fage, Chobani, Groupe Danone, and
General Mills. Chobani held the maximum share in the North America
yogurt market in 2013, followed by Groupe Danone.
Key
Segments of the North America Yogurt Market
North
America Yogurt Market, by Product
- Set Yogurt
- Frozen Yogurt
North
America Yogurt Market, by Region
- The U.S.
- Canada
- Mexico
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/north-america-yogurt-market.htm
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