Home > Food, Nutrition & Animal Feed > Non-Dairy Yogurt Market
Non-Dairy Yogurt Market size exceeded USD 2.6 billion, globally in 2021 and is estimated to grow at over 16% CAGR between 2022 and 2028 due to the growing consumer spending on health & wellness products owing to changing taste preferences and numerous benefits such as healthy digestion and efficient metabolism.
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Non-dairy yogurt is prepared from alternative milk as the base and provides an alternative source of nutrition compared to normal dairy-based products. The base source can be various plants such as soy, almond, oat, coconut, and others. Increasing consumer awareness in terms of the proclivity towards unorthodox ways of vegan yogurts consumption shall fuel market growth. Besides, increasing acceptance of plant-based sources by health-conscious and lactose-intolerant consumers will further boost the non-dairy yogurt market.
Lactose constituted dairy products are currently considered in the allergens category which has increased acceptance of products prepared from plant milk. The product is abundant in protein and calcium that help to increase immunity. Over the recent years, the global market has witnessed a rise in the health concerns like milk allergies, lactose intolerance, and other factors.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | 2.6 Billion (USD) |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 16.4% |
2028 Value Projection: | 7.5 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 360 |
Segments covered: | Product, Type, Nature, Sales Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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Adding on to the breakfast supplements sector wherein the consumer carries the food on the go, and this has offered a considerable market for vegan yogurt as an on-the-go product. Moreover, key benefits in reducing weight, reducing inflammation, and improving metabolism will favor the market growth. Besides, increasing purchasing power of consumers in emerging economies along with the availability of lactose-free and non-GMO varieties will further boost the non-dairy yogurt market adoption rate.
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Based on product, non-dairy yogurt market is segmented into soy yogurt, almond yogurt, oat yogurt, coconut yogurt, and others. The soy products segment is anticipated to cross USD 1.1 billion by 2028. The soy products are mostly consumed by health and fitness enthusiast consumers looking to reduce weight and support healthy digestion. Soy products are widely accepted in plant-based foods owing to their high protein content and ability to prevent osteoporosis, lower blood pressure and help in strengthening the bones.
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Based on type, the market is segmented into regular and flavored. The flavored market is expected to exceed USD 6.5 billion by 2028. Shifting consumer taste preferences has urged manufacturers to develop and introduce innovative and fresh flavors to serve the changing consumer needs. Besides, innovative flavor offerings mainly including blended flavors and comprehensive product variations through plant milk including soy, coconut, almond, oat, and others will further boost non-dairy yogurt market growth.
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Based on nature, the organic non-dairy yogurt market is projected to surpass USD 3.3 billion by 2028 owing to increasing consumer health consciousness and an upsurge in the production of organic ingredients, particularly in the U.S. and European countries. Moreover, stringent regulations for improving food quality & safety coupled with consumer-driven movements, such as ‘clean label’ and vegan food consumption will favor segment growth. Increasing consumer focus on attaining natural health and organic modes of enrichment accelerated the market growth. Besides, focus on natural and preservative-free products will further augment organic segment growth.
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Based on sales channel, the non-dairy yogurt market is branched into mainstream stores, specialty stores, online stores, and others. Online stores will emerge as the fastest-growing sales channel of non-dairy yogurt with over 18% by 2028. Several online stores are providing a wide variety of options of dairy-free food & beverage products by offering discounted rates compared to the traditional retail prices for attracting customers. Additionally, online services have also increased in both developed and developing countries owing to cost-effectiveness and faster accessibility.
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North America region is anticipated to account for over USD 1.78 billion by 2028 owing to substantial product demand for vegan and plant-based ingredients across the region. The region is characterized by changing lifestyles, increasing overweight population, and rising spending on health, nutrition & wellness products. Besides, rising consumer awareness regarding its health benefits coupled with increasing lactose tolerance and nutrition deficient population will further boost the non-dairy yogurt market in the region.
Rising financial support by the governments for food sector with higher organic and natural consumption is expected to drive the market in the region. Moreover, rapid expansion of the Besides, presence of established industry participants such as General Mills, Blue diamond, The Kroger Co., The Hain Celestial Group Inc., etc. will support the regional dominance. These symbiotic efforts and implementation aid to the overall development and growth of the global non-dairy yogurt market.
Global non-dairy yogurt industry is competitive with key players including Danone, The Hain Celestial Group Inc., General Mills, Blue diamond, Chobani LLC, Arla Foods, Valio Ltd., Nancy’s Yoghurt, The Kroger Co., COYO Pty Ltd., and Epigamia. Companies are engaged in product launches, joint ventures, partnerships, and innovations to expand their product portfolio and cater to the rising product demand. In June 2020, Epigamia announced to launch of a new plant-based yogurt made with coconut milk in India. This strategy will help the company to attract new customers in the country and enhance its overall sales in the Asia Pacific region.
The non-dairy yogurt market report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Thousand Litres and revenue in USD Million from 2022 to 2028, for the following segments:
The above information has been provided for the following regions and countries: