The North America Dairy Products Market would witness market growth of 3.8% CAGR during the forecast period (2021-2027). Dairy products are among the basic food items that are adopted by humans since the beginning. It plays a crucial role in the nutritional diet of people.
Dairy products refer to the items made from milk and these commercially available dairy products include a wide variety of products like butter, yoghurt, cheese and many more. There are many health benefits offered by milk that further encourage people to consume these milk-based products. Most dairy products are a rich source of calcium and healthy fats, which are considered as an important element of a healthy & nutritional diet.
Consuming dairy products on the regular basis can help in improving bone & gut health and it can also decrease the risk of Cardiovascular Diseases (CVDs) and type 2 diabetes. The growing demand for cheese in emerging countries is also projected to spur the growth of the market. A few years ago, people considered cheese as an unhealthy product as it contains a high amount of fats. But some recent studies have stated that cheese is a rich source of calcium for a person having lactose intolerance and healthy for everyone. With the increasing inclination of people to try out new and innovative products, many manufacturers are focusing on developing new products for the consumers.
The introduction of various innovative yoghurt products like fat-free yoghurt, flavoured and drinkable yoghurt, is anticipated to open new growth avenues for the manufacturers of the market. Along with this, various innovations in packaging like small portion size, on-the-go packs and single-serve packs will also encourage people to consume dairy products, hence creating growth opportunities for the market players.
The USA market dominated the North America Cheese Market by Country in 2020, thereby, achieving a market value of $30,831.2 Million by 2027. The Canada market is experiencing a CAGR of 4.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.1% during (2021 - 2027).
Based on Product Type, the market is segmented into Milk, Yogurt, Cheese, Butter and Other Products. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Convenience stores, Online and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Dairy Products Market is Estimated to Reach USD 574.3 Billion by 2027 at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arla Foods Amba, Fonterra Co-operative Group Limited, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal Frieslandcampina N.V., Saputo, Inc., Meiji Holdings Co., Ltd., and DMK Group (Deutsches Milchkontor eG).
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