The Non-Dairy Yogurt Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Non-Dairy Yogurt Global Market Report 2024, 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.
The non-dairy yogurt market is undergoing transformation through product innovations, particularly driven by a rising number of consumers with lactose intolerance and an increasing awareness of the health benefits associated with dairy-free yogurts. In response to health concerns and consumer demand for nutritious alternatives, developers are introducing unique products. For example, Plant & Co. launched a dairy-free yogurt range called Yoat in February 2022. Utilizing the company’s signature oat and coconut base, the Yoat range offers natural, strawberry, raspberry, and peach flavors, catering to health-conscious consumers seeking diverse and flavorful dairy-free options.
Major players in the non-dairy yogurt market are actively engaged in product innovations to provide consumers with the latest offerings. One notable innovation is the introduction of yogurt tubes, which are portable, single-serving containers of yogurt packaged in squeezable tubes for convenient consumption. In July 2023, Cocos Organic, a UK-based food company, unveiled a range of new products, including the UK’s first organic coconut milk yogurt tubes and a new light organic natural yogurt. The organic coconut milk yogurt tubes contain billions of live vegan cultures and consist of 98% pure organic coconut milk, demonstrating a commitment to offering innovative and health-conscious non-dairy yogurt options to consumers.
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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
Top Major Players
Hain Celestial Group Inc.,
Danone S.A.,
General Mills Inc.,
Stonyfield Farm Inc.,
Daiya Foods Inc.
The non-dairy yogurt market report table of contents includes:
1. Executive Summary
- Non-Dairy Yogurt Market Characteristics
- Non-Dairy Yogurt Market Trends And Strategies
- Non-Dairy Yogurt Market – Macro Economic Scenario
- Global Non-Dairy Yogurt Market Size and Growth
- Non-Dairy Yogurt Market Segmentation
- Non-Dairy Yogurt Market Regional And Country Analysis
………………. - Key Mergers And Acquisitions In The Non-Dairy Yogurt Market
- Non-Dairy Yogurt Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Non-Dairy Yogurt Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Non-Dairy Yogurt Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Non-Dairy Yogurt Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………
Table 74: The Hain Celestial Group Inc. Financial Performance
Table 75: Danone S.A. Financial Performance
Table 76: General Mills Inc. Financial Performance
Table 77: Stonyfield Farm Inc. Financial Performance
Table 78: Daiya Foods Inc Financial Performance
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