Changing consumer preferences towards a vegan diet and rising public awareness of the health benefits of consuming dairy-free yogurt to drive the global dairy-free yogurt market.
According to TechSci Research report, “Dairy Free Yogurt Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F” Global dairy free yogurt market is anticipated to grow at impressive rate until 2027. Rising number of consumers experiencing health problems related to lactose intolerance, milk allergies, and a variety of other issues are the factors driving the growth of the non-dairy yogurt market, globally. A growing number of health-conscious consumers, who also account for a growing vegan population and rising demand for fortified dairy-free foods and beverages, are driving the global non-dairy yogurt market.
Dairy-free yogurt is becoming increasingly popular as a breakfast item to grab and go as well as in the convenience food sector. Additionally, as a result of the expanding urban population and the rise in income of consumers, the market for dairy-free yogurt is expanding in emerging nations.
Packaging plays a crucial role in the sales of non-dairy yogurt because it is widely distributed on store shelves in the United States. The nutritional information is typically printed on the package, enabling customers to make educated purchases. In the US, non-dairy yogurt is sold in a range of flavors and is packaged in cups, tubs, liquids, and tubes. This is a result of the growing acceptance of prepared foods and drinks. Cup yogurt is widely accessible in the area because busy lifestyles encourage the consumption of ready-to-eat on-the-go snacks.
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Global dairy free yogurt market is segmented based on the type, application, region, and competitive landscape. Based on the source, market is bifurcated into almond, coconut, rice, soy and others. Soy segment accounted for the dominant share in 2021 as majority of soy product are preferred among health and fitness enthusiasts seeking to lose weight and promote healthy digestion. Because of their high protein content, ability to prevent osteoporosis, lower blood pressure, and support bone health, soy products are widely used in plant-based diets.
On the basis of flavors, dairy free yogurt market is split into plain, strawberry, vanilla, pineapple, blueberry, peach and others. Vanilla flavor is anticipated to grow at a faster rate until 2027 due to changes in the consumer’s preferences and tastes and also increase in the popularity of the flavored dairy free yogurts.
In terms of category, the organic non-dairy yogurt market is anticipated to grow at the highest CAGR during the forecast period due to rising consumer awareness of their health and an increase in the production of organic ingredients, especially in the U.S. and European nations. Additionally, consumer-driven movements like “clean label” and the consumption of vegan food, along with strict regulations for enhancing food quality and safety, will support segment growth. The market’s growth was accelerated by rising consumer focus on obtaining organic enrichment and natural health. Additionally, a focus on natural and preservative-free goods will support the growth of the organic segment.
In order to attract customers, a number of online retailers offer a wide range of dairy-free food and beverage options at prices that are lower than those found in traditional retail locations. Due to their affordability and ease of accessibility, online services have grown in both developed and developing nations
Key market players in the Dairy Free Yogurt market include:
- Danone SA
- COYO Pty. Ltd.
- Forager Project
- The Coconut Collaborative Ltd
- EVR FOODS
- Good Karma Foods, Inc.
- Hain Celestial Group, Inc.
- Daiya Foods Inc.
- Oatly AB
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“Due to the significant demand for vegan and plant-based ingredients in the North American market, the demand for dairy free yogurt is forecast to swell in the region. Changing lifestyle, an increase in the number of overweight people, and rising spending on products related to wellness, nutrition, and health are contributing to the increased demand for dairy free yogurt in the region. Increasing lactose tolerant population is another reason for the growth of dairy free yogurt market through 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Dairy Free Yogurt Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Source (Almond, Coconut, Rice, Soy, and Others (Cashew, Oats, etc.)), By Flavor (Plain, Strawberry, Vanilla, Pineapple, Blueberry, Peach and Others (Mango, Raspberry, etc.)) By Category (Conventional Vs. Organic) By Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores/Grocery Stores, Convenience stores, Online, and Others), By Region, By Competition”, has evaluated the future growth potential of dairy free yogurt globally and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the dairy free yogurt market.
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