Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.35 Billion | USD 14.53 Billion | 5.7% | 2023 |
According to a report from Zion Market Research, the Global Non-Dairy Yogurt Market was valued at USD 8.35 Billion in 2023 and is projected to hit USD 14.53 Billion by 2032, with a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Global Non-Dairy Yogurt Market industry over the next decade.
Non-dairy yogurt has found myriad health advantages including a decrease in inflammation, loss of weight, and bringing marked improvement in body metabolism of humans. Moreover, the product also helps in absorbing the minerals. With humungous demand for healthy diet, it is more likely that the sales of non-dairy yogurt will increase over the forthcoming years. Furthermore, low intake of lactose and other dairy-based products has culminated into humungous popularity of non-dairy items such as non-dairy yoghurt in the recent years.
Rise in the number of subjects affected due to health issues as a result of lactose intolerance and milk allergies will steer the non-dairy yogurt market growth over the forecast timeframe. Surge in the health consciousness among the consumers and a prominent bulge in the vegan populace will proliferate the market landscape over the assessment period. Apart from this, escalating need for fortified dairy–free products will define the expansion of non-dairy yogurt industry in the years ahead.
Furthermore, massive demand for convenience food is projected to transform into huge product penetration across the globe. In addition to this, the escalation in the proportion of urban population and a bulge in the number of people belonging to high-income group population will spearhead the scope of the business in the ensuing years. Nonetheless, the huge costs of the product can restrain the industry growth over the assessment period. Oscillations in the raw material costs as well as high production costs will put brakes on the expansion of non-dairy yogurt industry in the foreseeable future.
Report Attributes | Report Details |
---|---|
Report Name | Global Non-Dairy Yogurt Market |
Market Size in 2023 | USD 8.35 Billion |
Market Forecast in 2032 | USD 14.53 Billion |
Growth Rate | CAGR of 5.7% |
Number of Pages | 110 |
Key Companies Covered | COYO, Coconut Grove Yogurt, General Mills, Yoso, The Hain Celestial Group, Inc., The Whitewave Foods Company, and Crunch Culture |
Segments Covered | By Product Type, By Nature, By Form, By Flavor, By Distribution Channel and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The expansion of non-dairy yogurt industry in Europe can be attributed to large-scale intake of flavored yogurt in the countries such as the UK and France. Presence of key players in the continent will result into high market penetration in the years ahead.
The global non-dairy yogurt market profiles key players such as:
By Product Type
By Nature
By Form
By Flavor
By Distribution Channel
By Region
FrequentlyAsked Questions
Made from plant-based materials rather than animal milk, non-dairy yogurt is Like dairy yogurt, it is made from non-dairy products including plant-based milks (e.g., almond, coconut, soy, oat, or cashew milk) and fermentable with live bacterial cultures. Those who are lactose intolerant, allergic to dairy, vegan, or just choose plant-based diets will find non-dairy yogurt appropriate.
One major factor driving vegan and plant-based diets' popularity is Increased demand for non-dairy substitutes like yogurt results from many people choosing plant-based foods for ethical, environmental, and health concerns.
According to a report from Zion Market Research, the global Global Non-Dairy Yogurt Market was valued at USD 8.35 Billion in 2023 and is projected to hit USD 14.53 Billion by 2032.
According to a report from Zion Market Research, the global Global Non-Dairy Yogurt Market a compound annual growth rate (CAGR) of 5.7% during the forecast period 2024-2032.
The expansion of non-dairy yogurt industry in Europe can be attributed to large-scale intake of flavored yogurt in the countries such as the UK and France. Presence of key players in the continent will result into high market penetration in the years ahead.
Key participants profiled in the report are COYO, Coconut Grove Yogurt, General Mills, Yoso, The Hain Celestial Group, Inc., The Whitewave Foods Company, and Crunch Culture.
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