North America Dairy Snacks Market Size, Share & Trends Analysis Report By Product (Cheese, Yogurt, Ice Cream, and Others), By Distribution Channel (Retail & Supermarkets and Online Distribution Channel), and Forecast 2020-2026.
The North American dairy snacks market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for dairy-based snacks in the region. There has been a significant demand for dairy snacks owing to the increased health consciousness of the people regarding health and the consumption of organic dairy-based products. Hence, this has contributed to the growth of the North American dairy snacks market over the forecast period.
The North American dairy snacks market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into cheese, yogurt, ice cream, and others such as butter. Cheese is estimated to contribute a prominent share in the market. Based on the distribution channel, the market is segmented into retail & supermarkets and online distribution channel. Retail & supermarkets are the major distribution channels for dairy snacks.
Based on the geographic viewpoint, the North American dairy snacks market is segmented into the US and Canada. The US dominates the market in 2019 and will continue its dominance over the forecast period. Further, Dairy Farmers of America Inc., Danone SA, General Mills Inc., Nestle SA, Royal FrieslandCampina NV, and Unilever Plc are some of the prominent players operating in the North American dairy snacks market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
For instance, in January 2020, The Coca-Cola Co. has acquired the remaining stake in fairlife LLC from its joint venture partner Select Milk Producers. Coca-Cola now owns 100% of fairlife, up from its previous 42.5% minority stake. fairlife LLC, which launched in 2012, started with a high-protein milkshake called Core Power and has grown to offer products in the value-added dairy category in North America.
Research Methodology
The market study of the North American dairy snacks market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
Market Segmentation:
1. North America Dairy Snacks Market Research and Analysis by Product Type
2. North America Dairy Snacks Market Research and Analysis by Distribution Channel
The Report Covers:
The North American dairy snacks market is projected to grow at a CAGR of 4.2% during the forecast period (2020-2026). The key factors that drive the growth of the market include the increased demand for dairy-based snacks in the region. There has been a significant demand for dairy snacks owing to the increased health consciousness of the people regarding health and the consumption of organic dairy-based products. Hence, this has contributed to the growth of the North American dairy snacks market over the forecast period.
The North American dairy snacks market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into cheese, yogurt, ice cream, and others such as butter. Cheese is estimated to contribute a prominent share in the market. Based on the distribution channel, the market is segmented into retail & supermarkets and online distribution channel. Retail & supermarkets are the major distribution channels for dairy snacks.
Based on the geographic viewpoint, the North American dairy snacks market is segmented into the US and Canada. The US dominates the market in 2019 and will continue its dominance over the forecast period. Further, Dairy Farmers of America Inc., Danone SA, General Mills Inc., Nestle SA, Royal FrieslandCampina NV, and Unilever Plc are some of the prominent players operating in the North American dairy snacks market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market.
For instance, in January 2020, The Coca-Cola Co. has acquired the remaining stake in fairlife LLC from its joint venture partner Select Milk Producers. Coca-Cola now owns 100% of fairlife, up from its previous 42.5% minority stake. fairlife LLC, which launched in 2012, started with a high-protein milkshake called Core Power and has grown to offer products in the value-added dairy category in North America.
Research Methodology
The market study of the North American dairy snacks market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
Market Segmentation:
1. North America Dairy Snacks Market Research and Analysis by Product Type
2. North America Dairy Snacks Market Research and Analysis by Distribution Channel
The Report Covers:
- Comprehensive research methodology of the North American dairy snacks market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the North American dairy snacks market.
- Insights about market determinants that are stimulating the North American dairy snacks market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Almarai Co.
- Arla Foods Group
- Califia Farms, LLC
- Dairy Farmers of America Inc.
- Danone SA
- Fonterra Group Cooperative Ltd.
- General Mills Inc.
- Mondelez International Inc.
- Nestle SA
- Saputo Inc.
- The Coca-Cola Co.
- Unilever Plc
