, November 27, 2017 ) According to the report North America Yogurts Market
, published by Market Data Forecast, the North America market was worth USD 13.95 billion in 2016 and estimated to be growing at a CAGR of 3.14%, to reach USD 16.25 billion by 2021.
Milk when fermented by bacterial yields yogurt. These bacteria are known by the term yogurt cultures. The taste of yogurt is because of the lactic acid present in it. A bacterium converts lactose to lactic acid. It is known by several names like dahi in India, matsoni in Russia etc. It also has cosmetic applications.
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North America Yogurts Market: Drivers & Restraints
Purchasing power parity in the emerging economies is on the rise due to the rising disposable incomes, frequently altering dietary needs and therein choices of people, paradigm shift towards healthier lifestyle choices resulting in greater awareness regarding the health benefits of yogurt like better immunity etc. are the primary drivers of market growth.
Be that as it may, adulteration in a lot many cheaper products which have widely penetrated the market is the primary restraint of this market.
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North America Yogurts Market: Segmentation
By Product Type
• Icelandic Yogurt
• Australian Yogurt
• Traditional Yogurt
• Greek Yogurt
• Kids Yogurt
• Non-Dairy Yogurt
• Other Yogurts
By Packaged Containers
• Yogurt Tubs
• Yogurt Cups
• Yogurt Pouches
• Yogurt Bottles
• North America
o United States
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North America Yogurts Market: Overview
In 2016, by packaging containers cups were the market leader capturing nearly a quarter of the market share. This trend is expected continue throughout the aforementioned forecast period. If we go by the product type then Greek yogurt is the market leader.
In 2016, North America has the dominated the market for Yogurts.
North America Yogurts Market: Key Players
The major players dominating the North America market are Danone Groupe SA, Ultima Foods Inc, Chobani Inc., Sodiaal S.A, NESTLE SA, General Mills, Kraft Foods Group, Inc., and Yakult Honsha Co., Ltd.
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