The Global Dairy-Free Yogurt Market size is anticipated to grow at a CAGR of 8.3% from 2021 to 2028, rising to an estimated USD 4.8 billion by the end of 2028. The demand for non-dairy alternatives has been on the rise due to various reasons such as lactose intolerance and veganism, while there are also many health benefits associated with it that have prompted manufacturers to produce more dairy-free products like yogurt without milk or cream.
Dairy-Free Yogurt is a dairy product that has been developed to provide the same kind of benefits as regular yogurt. It can be eaten by vegetarians, vegans, or anyone who wants to limit allergenic foods in their diet. Dairy-Free Yogurt products are non-dairy milk substitutes that include soy and almond milk yogurts among other substitutions like rice, coconut, oat, etc. A lot of people rely on dairy for calcium - an essential nutrient needed for strong bones. The best way to get calcium from plants is through dark leafy greens such as kale and spinach; sardines with bones; almonds (with 170 mg per serving); figs (200mg per 100g).
On the basis of Type, the market is segmented into Plain, Strawberry, Pineapple, Mixed Berries, and Others. In terms of type, plain yogurt dominates the overall Dairy Free Yogurt Market at present but Mixed Berries will be the fastest-growing segment by 2028 owing to the rising consumption of organic dairy products globally. In application segments to vanilla has been observed as an emerging flavor that may become popular among consumers in coming years, although it does not currently have any significant demand in this category.
On the basis of Application, the market is segmented into Hyper Market/Supermarket, Convenience Stores, and Online Retail. The demand from hypermarkets & supermarkets has been increasing steadily across all regions analyzed. Hypermarkets and Supermarkets accounted for about 42% of total revenue generated by Dairy Free Yogurt Market in 2020. They hold considerable power with respect to product choices made available within their stores. Demand from convenience store channels is also expected to increase significantly between 2021-28 owing largely to the growing number of single-person households worldwide coupled with an increased desire among individuals living alone, or without children.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific. The market in the Americas is expected to dominate with a share of over 61%. The North American market is expected to be the largest in terms of consumption, followed by Europe. This is attributed to the rising trend among consumers for dairy-free products across North America and Europe.
The Asia Pacific market is expected to grow at the fastest rate in terms of consumption over the forecast period. The Asia Pacific market offers a lucrative opportunity for dairy-free yogurt players, as consumers are increasingly showing a preference for this segment due to soaring health concerns such as lactose intolerance and the rising veganism trend.
Growth Factors for Global Dairy Free Yogurt Market:
Concerns over lactose intolerance and other diet-related health issues are major drivers for the global dairy-free yogurt market. Consumers have become increasingly aware of how different food products can affect their bodies, leading to rising demand for foods that conform to specific dietary requirements such as gluten-free, sugar-free, or veganism. Dairy milk is a key source of high-calorie intake in developing economies where consumers rely on it as an affordable source of protein and calcium. The increased awareness towards reducing fat intake coupled with shifting consumer preference from animal products has led to the rise in popularity of dairy-free yogurts.
Up Market Research published a new report titled “Dairy Free Yogurt Market research report which is segmented by Types (Plain, Strawberry, Pineapple, Mixed Berries, Others), By Applications (Hyper Market/Supermarket, Convenience Stores, Online Retail, Others), By Players/Companies Granarolo, WhiteWave Services, Yoplait, Vitasoy, Daiya Foods, GOOD KARMA FOODS, Barambah Organics, Amande Cultured Almond Milk, Green Valley Organics, YOSO”.
|Report Attributes||Report Details|
|Report Title||Dairy Free Yogurt Market Research Report|
|By Type||Plain, Strawberry, Pineapple, Mixed Berries, Others|
|By Application||Hyper Market/Supermarket, Convenience Stores, Online Retail, Others|
|By Companies||Granarolo, WhiteWave Services, Yoplait, Vitasoy, Daiya Foods, GOOD KARMA FOODS, Barambah Organics, Amande Cultured Almond Milk, Green Valley Organics, YOSO|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||209|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Plain, Strawberry, Pineapple, Mixed Berries, Others and By Application Hyper Market/Supermarket, Convenience Stores, Online Retail, Others.
Some of the companies that are profiled in this report are:
Dairy Free Yogurt Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Dairy Free Yogurt Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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