US Yogurt Market Trends, Size, Competitive Analysis and Forecast 2020-2026
The US yogurt market is estimated to exhibit a sturdy CAGR of 4.7% during the forecast period (2020-2026). Increasing disposable income, growing overall economy, premiumization has all contributed to the growth of the US yogurt market. Dairy-based products are considered one of the most essential consumables in the country, with more and more consumers starting to notice the health benefits offered by yogurt. Supermarkets/hypermarkets are increasingly expanding their yogurt offering in the US. The rise in conventional retail distribution channel penetration in mature markets has formed new ways for the growth of the market. Besides, the surge in deals and discounts offered to consumers by these supermarkets/hypermarkets results in the dominance of conventional retailing in the US yogurt market. Additionally, supermarkets/hypermarkets are expected to endure as the most favored sales channel in the country, during the forecast period.
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Further, emerging segments such as plant-based
yogurt and yogurt drinks are showing growth in the market. The growing
popularity of plant-based yogurt in the US has led an increasing number of
players offering new innovative products. For instance, in 2019, Danone
launched two new lines Silk Almond milk Yogurt Alternative Mix-ins and So
Delicious Coconut milk Yogurt Alternative Pairings. In addition, the growing
vegan population in the US is contributing significantly to the growth of
plant-based yogurts, coupled with the increasing availability of novel flavors,
including pineapple, coconut, chocolate, and cranberry, among others.
Market Coverage
·
The market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
·
Segment Covered- by Product Type, Category, and
Distribution Channel
·
Country Covered- the US
·
Competitive Landscape- Califia Farms, LLC, Chobani, LLC,
Dannon S.A., General Mills, Inc., LALA Branded Products, LLC, Stonyfield Farm,
Inc, and The Hain Celestial Group
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US Yogurt Market Report Segment
By Product Type
·
Dairy-based
·
Non-dairy-based
By Category
·
Flavoured
·
Non-flavoured
By Distribution Channel
·
Convenience Stores
·
Supermarkets/Hypermarkets
·
Online Stores
Company Profiles
·
Califia Farms, LLC
·
Chobani, LLC
·
Dannon S.A.
·
General Mills, Inc.
·
La Yogurt Probiotic
·
Lactalis American Group, Inc.
·
LALA Branded Products, LLC
·
Mission Yogurt, Inc.
·
Siggi's Dairy (The Icelandic Milk & Skyr Corporation)
·
Saputo, Inc.
·
Stonyfield Farm, Inc.
·
The Hain Celestial Group
·
The YoFarm Company
·
Voskos (Sun Valley Dairy)
·
Yoplait USA, Inc.
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