Non Dairy Yogurt Market Size, Industry Trends Report | 2031
Non Dairy Yogurt Market Size, Industry Trends Report | 2031
Segments - Non-dairy Yogurt Market by Products (Rice Yogurt, Coconut Yogurt, Oat Yogurt, Almond Yogurt, Soy Yogurt, and Others), Types (Flavored and Regular), Nature (Conventional and Organic), Sales Channels (Foodservice, Online Stores, Specialty Stores, and Mainstream Stores), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-4575
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| 189 Pages
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Report Description
The non-dairy yogurt market size was valued at USD 2.90 Billion in 2022 and is projected to reach USD 11.03 Million by 2031 expanding at a CAGR of around 16% during the forecast period, 2023 – 2031. The growth of the market is attributed to the shifting taste preferences, rising consumer expenditure on health & wellness goods, and several advantages like improved metabolism and healthy digestive system.
Compared to traditional dairy-based goods, non-dairy yoghurt offers a different source of nutrition because it is made with alternative milk as its base. Different plants, including soy, almond, oat, coconut, and others, serve as the basic source. Growing consumer awareness of their propensity for consuming vegan yoghurt in unconventional ways is estimated to drive the market.
Consumers who care about their health and have lactose intolerance accept more sources that are derived from plants. The current classification of dairy products containing lactose as allergens has led to a rise in the popularity of products made from plant milk. The product contains a lot of calcium and protein, which boost immunity.
Non-Dairy Yogurt Market Trends, Drivers, Restraints, and Opportunities
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Nutritional advantages of non-dairy yogurt in lowering cardiovascular risks are projected to drive the market.
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Growing inclination of consumers towards consuming earth and environment friendly products is anticipated to fuel the market in the coming years.
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Increasing trend of having plant-based diet is expected to boost the market during the forecast period.
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High cost of the product is estimated to hinder the market growth during the forecast period.
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The development of the dairy-free yoghurt market in emerging nations is driven by expanding urban population and increasing high-income consumers.
Scope of the Non-Dairy Yogurt Market Report
The report on the global non-dairy yogurt market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Non-dairy Yogurt Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023 – 2031 |
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Segmentation |
Products (Rice Yogurt, Coconut Yogurt, Oat Yogurt, Almond Yogurt, Soy Yogurt, and Others), Types (Flavored and Regular), Nature (Conventional and Organic), and Sales Channels (Foodservice, Online Stores, Specialty Stores, and Mainstream Stores) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Stonyfield Farm, Inc.; NANCY'S; Kite Hill; Hudson River Foods; Hain Celestial; Good Karma Foods, Inc.; General Mills Inc.; Danone; Daiya Foods Inc; COYO Pty Ltd.; and Chobani, LLC. |
Non-Dairy Yogurt Market Segment Insights
The soy yogurt segment held around 43% of the total market share in 2021
Based on products, the market is segregated into rice yogurt, coconut yogurt, oat yogurt, almond yogurt, soy yogurt, and others. The soy yogurt segment held around 43% of the total market share in 2021. Consumers are becoming interested in plant-based foods, especially dairy substitutes like soy yoghurt. In addition, compared to yoghurt made from milk, these yoghurts made from seeds are a great source of protein. Yogurt with soy ingredients helps to lower blood sugar and cholesterol levels. These advantages are increasing consumer demand for vegan products made from soy, which is boosting the market. The majority of soy product users are health and fitness enthusiasts seeking to lose weight and promote good digestion.
The flavored segment is anticipated to grow at a rapid pace during the forecast period
On the basis of types, the market is bifurcated into flavored and regular. The flavored segment is estimated to grow at a rapid pace during the forecast period. To meet the evolving needs of the consumer, manufacturers have been compelled by changing consumer taste preferences to create and introduce unique and new flavors. The growth of the market is attributed to creative taste options, particularly blended flavors and extensive product variations made possible by plant milk such as oat, almond, coconut, soy, and others.
The organic segment is expected to expand at a high CAGR during the forecast period
In terms of nature, the market is fragmented into conventional and organic. The organic segment is expected to expand at a high CAGR during the forecast period due to rising consumer awareness of health issues and increasing manufacturing of organic products, especially in the U.S. and Europe nations. Additionally, strict guidelines for enhancing food quality and safety combined with consumer-driven trends like the consumption of vegan and "clean label" products is estimated to drive the segment. Moreover, rising customer interest on achieving organic enrichment and natural wellness is projected to boost the market during the forecast period.
The online stores segment is projected to grow at a substantial CAGR during the forecast period
Based on sales channel, the market is divided into foodservice, online stores, specialty stores, and mainstream stores. The online stores segment is projected to grow at a substantial CAGR during the forecast period. In order to attract customers, a number of online retailers provide a wide range of dairy-free food and beverage alternatives at costs that are lower than those found in traditional retail locations. Moreover, due to their affordability and simplicity of accessibility, online services have expanded in both developed and developing nations.
North America is anticipated to dominate the market during the forecast period
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market in the coming years. Growth of the market in the region is attributed to a significant increase in the demand for vegan and plant-based foods. Factors such as evolving lifestyles, rising rates of overweight people, and increased expenditures on wellness, nutrition, and health-related goods are projected to boost the market. Increasing financial assistance from governments for the food sector and increasing consumption of organic and natural food is estimated to propel the market in the region.
Segments
The global non-dairy yogurt market has been segmented on the basis of
Products
- Rice Yogurt
- Coconut Yogurt
- Oat Yogurt
- Almond Yogurt
- Soy Yogurt
- Others
Types
- Flavored
- Regular
Nature
- Conventional
- Organic
Sales Channels
- Foodservice
- Online Stores
- Specialty Stores
- Mainstream Stores
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Stonyfield Farm, Inc.
- NANCY'S
- Kite Hill
- Hudson River Foods
- Hain Celestial
- Good Karma Foods, Inc.
- General Mills Inc.
- Danone
- Daiya Foods Inc
- COYO Pty Ltd.
- Chobani, LLC.
Competitive Landscape
Key players competing in the non-dairy yogurt market include Stonyfield Farm, Inc.; NANCY'S; Kite Hill; Hudson River Foods; Hain Celestial; Good Karma Foods, Inc.; General Mills Inc.; Danone; Daiya Foods Inc; COYO Pty Ltd.; and Chobani, LLC. Some of the key players in the market are using several market strategies such as collaborations, partnerships, mergers, acquisitions, and product launches to increase their market shares. For instance,
- In June 2020, In India, Epigamia plans to introduce a new coconut milk-based plant-based yoghurt.
- In December 2019, Under the Oui brand, General Mills Inc. introduced a line of yoghurt products that are dairy-free.
Frequently Asked Questions
Good Karma Foods, Inc.; General Mills Inc.; Danone; Daiya Foods Inc; COYO Pty Ltd.; and Chobani, LLC. are some of the key companies are profiled in the non-dairy yogurt market report.
The non-dairy yogurt market size was valued at USD 2.9 billion in 2022.
The non-dairy yogurt market is projected to reach USD 11.03 billion by 2031.
The non-dairy yogurt market is anticipated to expand at a CAGR of around 16% during the forecast period, 2023 – 2031.
Products, types, nature, and sales channels are the segments provided in the non-dairy yogurt market report.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Non-dairy Yogurt Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non-dairy Yogurt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non-dairy Yogurt Market - Supply Chain
4.5. Global Non-dairy Yogurt Market Forecast
4.5.1. Non-dairy Yogurt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non-dairy Yogurt Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Non-dairy Yogurt Market Absolute $ Opportunity
5. Global Non-dairy Yogurt Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Non-dairy Yogurt Market Size and Volume Forecast by Types
5.3.1. Flavored
5.3.2. Regular
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Non-dairy Yogurt Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Non-dairy Yogurt Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Non-dairy Yogurt Demand Share Forecast, 2019-2026
7. North America Non-dairy Yogurt Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Non-dairy Yogurt Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Non-dairy Yogurt Market Size and Volume Forecast by Types
7.4.1. Flavored
7.4.2. Regular
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Non-dairy Yogurt Demand Share Forecast, 2019-2026
8. Latin America Non-dairy Yogurt Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Non-dairy Yogurt Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Non-dairy Yogurt Market Size and Volume Forecast by Types
8.4.1. Flavored
8.4.2. Regular
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Non-dairy Yogurt Demand Share Forecast, 2019-2026
9. Europe Non-dairy Yogurt Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Non-dairy Yogurt Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Non-dairy Yogurt Market Size and Volume Forecast by Types
9.4.1. Flavored
9.4.2. Regular
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Non-dairy Yogurt Demand Share Forecast, 2019-2026
10. Asia Pacific Non-dairy Yogurt Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Non-dairy Yogurt Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Non-dairy Yogurt Market Size and Volume Forecast by Types
10.4.1. Flavored
10.4.2. Regular
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Non-dairy Yogurt Demand Share Forecast, 2019-2026
11. Middle East & Africa Non-dairy Yogurt Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Non-dairy Yogurt Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Non-dairy Yogurt Market Size and Volume Forecast by Types
11.4.1. Flavored
11.4.2. Regular
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Non-dairy Yogurt Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Non-dairy Yogurt Market: Market Share Analysis
12.2. Non-dairy Yogurt Distributors and Customers
12.3. Non-dairy Yogurt Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Stonyfield Farm, Inc.
12.4.2. NANCY'S
12.4.3. Kite Hill
12.4.4. Hudson River Foods
12.4.5. Hain Celestial
12.4.6. Good Karma Foods, Inc.
12.4.7. General Mills Inc.
12.4.8. Danone
Methodology
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