U.S.: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in the U.S.

The U.S. yoghurt and fermented milk market stood at $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Yoghurt and Fermented Milk in the U.S.

In value terms, yoghurt and fermented milk production amounted to $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Yoghurt and fermented milk production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Yoghurt and Fermented Milk

Exports from the U.S.

In 2022, approx. X tons of yoghurt and fermented milk were exported from the United States; stabilizing at 2021. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, yoghurt and fermented milk exports surged to $X in 2022. Overall, exports saw a slight descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), the Philippines (X tons) and South Korea (X tons) were the main destinations of yoghurt and fermented milk exports from the United States, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for yoghurt and fermented milk exported from the United States were Mexico ($X), the Philippines ($X) and Canada ($X), with a combined X% share of total exports. South Korea, Panama, Thailand, Taiwan (Chinese), Trinidad and Tobago, Singapore, Bahamas, the Dominican Republic, Australia and Malaysia lagged somewhat behind, together comprising a further X%.

Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average yoghurt and fermented milk export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, yoghurt and fermented milk export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into the U.S.

Yoghurt and fermented milk imports into the United States soared to X tons in 2022, with an increase of X% on 2021 figures. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, yoghurt and fermented milk imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Canada (X tons), France (X tons) and Mexico (X tons) were the main suppliers of yoghurt and fermented milk imports to the United States, together accounting for X% of total imports. Chile, India and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt and fermented milk suppliers to the United States were Canada ($X), France ($X) and Mexico ($X), with a combined X% share of total imports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average yoghurt and fermented milk import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price saw a slight setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :