Market for Yoghurt and Fermented Milk in the United States
Market Overview
The U.S. yoghurt and fermented milk market expanded slightly to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption remained at a lower figure.
In value terms, yoghurt and fermented milk production totaled $ in . Over the period under review, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Yoghurt and fermented milk production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption remained at a lower figure.In value terms, yoghurt and fermented milk production totaled $
in . Over the period under review, the total production indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Yoghurt and fermented milk production peaked at $ in ; however, from to , production stood at a somewhat lower figure.Consumption
In , yoghurt and fermented milk consumption in the United States totaled tons, with an increase of % against the year before. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in when the consumption volume increased by %. As a result, consumption reached the peak volume of tons; afterwards, it flattened through to .
The revenue of the yoghurt and fermented milk market in the United States expanded modestly to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in ; however, from to , consumption failed to regain momentum.
, yoghurt and fermented milk consumption in the United States totaled tons, with an increase of % against the year before. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in when the consumption volume increased by %. As a result, consumption reached the peak volume of tons; afterwards, it flattened through to .The revenue of the yoghurt and fermented milk market in the United States expanded modestly to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Yoghurt and fermented milk consumption peaked at $ in ; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for yoghurt and fermented milk in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of yoghurt and fermented milk in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for yoghurt and fermented milk.
Trade Balance
The United States remains a net exporter of yoghurt and fermented milk; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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