The North America Drinking Yogurt Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,054.6 million litres, showcasing a growth of 6.0% (2019-2022).
The culinary landscape has noticed a surge in the integration of this into various recipes and culinary creations. From smoothies and shakes to salad dressings and marinades, the application of this has expanded beyond traditional consumption, creating a diverse range of culinary experiences. Drinking yogurt has found resonance across different age groups and demographics. The market caters to the preferences of children with flavored and appealing options while also appealing to adults with formulations that focus on specific health concerns such as bone health, weight management, and cardiovascular well-being. During the production process of yogurt drinks, which occurs in enormous quantities, hazardous chemicals and additives are often introduced. These additives might be incorporated to enhance the flavor and aroma, stabilize, or establish a more consistent consistency of the beverages. This diminishes the market's potential for expansion and negatively affects the perception of drinking yogurt.
Furthermore, the market is witnessing a paradigm shift in flavor profiles, emphasizing exotic and unique taste experiences. Manufacturers are exploring innovative flavor combinations, incorporating superfoods, herbs, and spices to appeal to consumers' evolving palates. As sustainability becomes a key concern for customers, the market is witnessing a shift towards eco-friendly and recyclable packaging solutions. Brands increasingly adopt innovative packaging designs to enhance convenience while minimizing environmental impact. The digital era has transformed how consumers discover and purchase products; the market is no exception. E-commerce platforms are pivotal in connecting brands with consumers, offering a personalized shopping experience, and allowing for direct engagement through social media and online communities.
Consumers in the US are increasingly making choices based on environmental and ethical considerations. Plant-based drinks are often promoted as more sustainable and cruelty-free alternatives. Plant-based drinking yogurt aligns with these values, appealing to eco-conscious and ethically minded consumers. In the US, retailers respond to the demand for plant-based products and often dedicate specific sections or shelves to these items. This focused merchandising approach can increase the visibility and accessibility of plant-based drinking yogurts within retail stores. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Drinking Yogurt Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $10,914.2 million by 2030. The Canada market is showcasing a CAGR of 8.3% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 7.3% during (2023 - 2030).
Free Valuable Insights: The Drinking Yogurt Market is Predict to reach USD 58.2 Billion by 2030, at a CAGR of 6.1%
Based on Type, the market is segmented into Dairy Based, and Non Dairy Based. Based on Packaging, the market is segmented into Bottles, and Tetra Pack. Based on Flavor, the market is segmented into Flavored (Chocolate, Vanilla, Berries, Mango, and Others), and Plain. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type (Volume, Million Litres, USD Billion, 2019-2030)
By Packaging (Volume, Million Litres, USD Billion, 2019-2030)
By Flavor (Volume, Million Litres, USD Billion, 2019-2030)
By Distribution Channel (Volume, Million Litres, USD Billion, 2019-2030)
By Country (Volume, Million Litres, USD Billion, 2019-2030)
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