15-Jan-2021 | Zion Market Research
As per the researchers at Zion Market Research, the global non-dairy yogurt market is anticipated to reach a value of around USD 2.01 billion by 2025, expanding at a CAGR of approx 16.9% during the forecast period. Few of the leading players active in the global non-dairy yogurt market consist of The Hain Celestial Group, Yoso, The Whitewave Foods Company, Inc., COYO, Coconut Grove Yogurt, General Mills, and Crunch Culture, among others.
Increasing Alertness About Health Benefits Of Non-Dairy Yogurt Products To Boost Market Growth
The growth of the global non-dairy yogurt market is mainly propelled by factors like the growing wakefulness regarding the health advantages of non-dairy yogurt products, the increasing count of product launches, and the mounting importance of vegan food. Further, the increasing advancements in product formulation have been recognized as a vital trend in the non-dairy yogurt market. Market players are concentrating on formulating novel non-dairy yogurt products by mixing several nut-based and plant-based milk. To cite, plant-based yogurt substitutes are provided by Forager Project within its Cashewgurt brand that is prepared by mixing components, like coconut milk, coconut cream, and cashew milk with fruits, tapioca starch, and cane sugar. Such improvements in product formulation are anticipated to drive the growth of the global non-dairy yogurt market during the forecast period. Nevertheless, the changing costs of components utilized in product formulation, strict norms associated with labeling & marketing of non-dairy yogurt products, along with the rising count of product recalls might obstruct the global non-dairy yogurt market growth during the years to come.
Almond-Based Yogurt Segment, By Product Type, To Grab Maximum Market Share
The global non-dairy yogurt market, on the basis of product type, is categorized into almond yogurt, soy yogurt, oats yogurt, coconuts yogurt, pea yogurt, rice yogurt, and others. among these, the almond-based yogurt segment is expected to grab the biggest market share owing to the increasing infiltration of organized retailing channels providing almond-based non-dairy yogurt of a range of brands. The global non-dairy yogurt market, on the basis of nature, is classified into conventional and organic. The market, based on form, is categorized into spoonable and drinkable. The market, based on flavors, is bifurcated into flavored and plain/unflavored. The market, on the basis of distribution channel, is divided into independent retailers, convenience stores, mass merchandisers, supermarkets/hypermarkets, specialist stores, and others.
Europe Anticipated To Dominate The Global Market During The Forecast Period
Regionally, Europe is anticipated to lead the global non-dairy yogurt market as a result of the rising appeal for flavored yogurt and the mounting stipulation from the food & beverage industries in this region. In nations like France and the United Kingdom, there is an elevated stipulation for flavored yogurt, which has propelled the product demand in this region, thus fueling market expansion. Also, Asia Pacific is projected to witness a substantial growth rate during the forecast period on account of the increasing health consciousness among people and the growing disposable income in this region.
Browse the full “Global Non-Dairy Yogurt Market - By Nature (Conventional And Organic), By Product (Almond Yogurt, Soy Yogurt, Oats Yogurt, Coconuts Yogurt, Pea Yogurt, Rice Yogurt, And Others), By Flavor (Flavored And Plain/Unflavored), By Form (Spoonable And Drinkable), By Distribution Channel (Mass Merchandisers, Independent Retailers, Convenience Stores, Supermarkets/Hypermarkets, Specialist Stores, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/non-dairy-yogurt-market
The global non-dairy yogurt market is segmented as follows:
By Product Type
By Distribution Channel
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