The non-dairy yogurt global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Non-Dairy Yogurt Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The non-dairy yogurt market size has grown rapidly in recent years. It will grow from $4.24 billion in 2023 to $4.98 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to rise in demand for dairy-free alternatives, high nutritional content of non-dairy yogurt, improved taste and texture, wider availability of non-dairy yogurt, growing awareness about lactose intolerance.
The non-dairy yogurt market size is expected to see rapid growth in the next few years. It will grow to $9.14 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to growing popularity of plant-based diets, increasing vegan and plant-based diets, rise in the vegan population, market expansion in emerging economies, increasing healthcare accessibility. Major trends in the forecast period include innovations and developments in plant-based products, protein-enriched non-dairy yogurts, low-sugar and no-added sugar varieties, innovations in packaging, emphasis on organic and clean label formulas.
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Scope Of Non-Dairy Yogurt Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Non-Dairy Yogurt Market Overview
Market Drivers –
The high lactose intolerant consumers will propel the growth of non-dairy yogurt in the non-dairy yogurt market during the forecast period. Lactose intolerance is a condition in which the body’s capacity to digest lactose, a sugar present in milk and other dairy products, is impeded. Such people are likely to include non-dairy yogurt in their meals which will increase the demand for the product. The product is high in protein and calcium, both of which aid to boost immunity. In April 2022, according to the National Library of Medicine which is operated by the United States federal government, lactose intolerance is very common in adults. It is rarely dangerous. About 30 million American adults suffer from lactose intolerance by age of 20. The high consumption of lactose-free products will increase the demand for non-dairy products in the non-dairy yogurt market during the forecast period.
Market Trends –
Product innovation are shaping the non-dairy yogurt market. An increasing number of customers suffering from health concerns connected to lactose-intolerant and an increase in the awareness about the health benefits of dairy-free yogurts among the customers has forced developers to launch unique products regards their health. For instance, in February 2022, Plant & Co, has launched a new dairy-free yogurt range called Yoat. The range is made using the company’s signature oat and coconut base and will be available in natural, strawberry, raspberry, and peach flavors.
The non-dairy yogurt market covered in this report is segmented –
1) By Product: Soy Yogurt, Almond Yogurt, Coconut Yogurt, Oats Yogurt, Rice Yogurt, Pea Yogurt
2) By Form: Drinkable Yogurt, Spoonable Yogurt
3) By Distribution Channel: Supermarkets, Online Stores, Convenience Stores
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Regional Insights –
Western Europe was the largest region in the non-dairy yogurt market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-dairy yogurt market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the non-dairy yogurt market include The Hain Celestial Group Inc., Danone S.A., General Mills Inc., Stonyfield Farm Inc., Daiya Foods Inc, Whitewave Foods Company Inc., COYO Pty Ltd., Chobani LLC, Valio Ltd., Nestlé SA, Good Karma Foods Inc., Hudson River Foods, Kite Hill Inc., GT’s Living Foods LLC, The Kroger Co., Epigamia Dairy Products Pvt. Ltd., Blue Diamond Growers, Coconut Grove Yogurt, Crunch Culture LLC, Forager Project LLC, Yoso Inc., The Coconut Collaborative Ltd., Nush Foods Inc., Lavva Inc., Ripple Foods Inc., Springfield Creamery Inc., So Delicious Dairy Free, Oatly AB, Califia Farms LP, Yoconut Dairy Free
Table of Contents
- Executive Summary
- Non-Dairy Yogurt Market Report Structure
- Non-Dairy Yogurt Market Trends And Strategies
- Non-Dairy Yogurt Market – Macro Economic Scenario
- Non-Dairy Yogurt Market Size And Growth
…..
- Non-Dairy Yogurt Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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