Non-dairy Yogurt Market size to exceed $10bn by 2032

Non-dairy Yogurt Market size is projected to surpass USD 10 billion by 2032, according to a recent research report announced by Global Market Insights Inc.
 

Increasing adoption of vegan lifestyles and the emerging popularity of plant-based packaged foods will augment industry development. Easy availability of more appealing plant-based food and beverage alternatives has encouraged people to switch to a vegan diet. Companies in the food and beverage sector are taking innovative approaches to develop attractive plant-based food alternatives to meet the requirements of their vegan consumer base.
 

Most customers in this category prefer non-dairy milk alternatives as these beverages have superior nutritional values as compared to traditional milk & milk products. Awareness regarding the benefits of plant-based dairy alternatives could foster the consumption of non-dairy yogurt. Estimates suggest that plant-based dairy alternatives have observed approximately 60% growth since 2013 and are expected to see high demand over the coming years.
 

Increasing incidence of lactose intolerance to drive coconut yogurt demand

Based on raw materials, non-dairy yogurt market share from coconut yogurt segment is expected to reach more than USD 3.4 billion by 2032. Coconut yogurt is a good source of prebiotics. It is among the most preferable choice of non-dairy yogurts as it has a rich creamy texture and smooth taste as well as contains minimal protein or calcium and has significantly more fat than dairy-based yogurt.
 

Coconut yogurt is a viable alternative for consumers that suffer from lactose intolerance as it is lactose-free, has fewer carbohydrates, and is the most digestible non-dairy yogurt compared to others. Incidences of digestive disorders and milk allergies should elevate product demand. In addition, increased consumption of coconut-based products in F&B applications should influence segment share.
 

Expansion of distribution channels to foster conventional non-dairy yogurt sales

Non-dairy yogurt market from conventional nature segment is forecasted to record over 12% CAGR between 2023 to 2032. Conventional non-dairy yogurt is prepared by homogenization and fermentation of plant-based milk such as almond, soy, coconut, oat and others. The numerous health benefits of this yogurt include healthy digestion, improve immune system, low risk of type 2 diabetes, and reduce high blood pressure & bad cholesterol. Expansion of distribution channels, such as retail & online stores, should facilitate the sales of conventional non-dairy yogurt. Furthermore, changing consumer behavior toward yogurt flavors, taste, and toppings will support new product developments.
 

Browse key industry insights spread across 300 pages with 348  market data tables and 29 figures & charts from the report “Non-dairy Yogurt Market Statistics, By Product (Soy Yogurt, Almond Yogurt, Oat Yogurt, Coconut Yogurt), By Type (Regular, Flavoured), By Nature (Organic, Conventional), By Sales Channel (Mainstream Stores, Specialty Stores, Online Stores), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/non-dairy-yogurt-market
 

High number of mainstream stores to foster non-dairy yogurt market expansion

Global non-dairy yogurt industry share from mainstream stores is expected to reach more than USD 6.4 billion by 2032. Mainstream stores are large retailers that sell goods sourced from manufacturers or wholesalers to consumers at marked-up prices. Some of the leading mainstream stores include Walmart, Kroger, Albertsons, etc. The increasing number of these stores, such as supermarkets and hypermarkets in urban areas, will facilitate the sales of non-dairy yogurt.
 

Growing consumers awareness regarding dairy-free yogurt in North America

North America non-dairy yogurt market is expected to be valued at over USD 2.5 billion by 2032. Rising health consciousness among the population regarding the benefits of dairy-free yogurt consumption will boost product uptake. Consumers in the region are gravitating towards a healthy snack option. This trend is accelerating the demand for low-sugar yogurt, new flavors in yogurts, and lactose-free yogurts. Furthermore, increased consumer awareness towards nutrition-enhanced yogurts and consciousness regarding weight management will play a vital role in the industry growth in the region.
 

New product launches to stimulate non-dairy yogurt market development

Some of the leading players operating in the global non-dairy yogurt industry include COYO Pty Ltd, Hain Celestial Group Inc, Danone, Blue Diamond Growers, General Mills, Inc, Valio Ltd, Chobani LLC, Nancy’s Yoghurt, Epigamia, Lavva, Felices Las Vacas, Dahlicious, and WHITECUB. Companies are focusing on new product launches to meet consumer expectations and requirements