From 2022 onwards, growth rates in yoghurt and sour milk products are expected to see increases similar to those in the review period. Sour milk products is expected to continue the trend and see the strongest retail volume and current value CAGRs in the forecast period, in line with the growing health and wellness trend.
Although the current leading players are expected to maintain their positions in the forecast period, it is likely that they will continue to lose share. Smaller players are challenging with new launches, whilst trade treaties, including the Canada-US-Mexico trade deal, which came into force in 2020, are expected to lead to more imported yoghurt products making their way into Canada during the next five years.
In light of the overall moderate growth projection, a few areas present growth opportunities. One area of focus remains functional benefits.
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This is the aggregation of sour milk products and yoghurt. Note: Plant-based yoghurt and sour milk products should be excluded from this category and tracked under plant-based yoghurt.See All of Our Definitions
This report originates from Passport, our Yoghurt and Sour Milk Drinks research and analysis database.
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