Non-Dairy Yogurt Market Size, Share, Growth Report 2030

The global Non-Dairy Yogurt market, which accrued revenue worth nearly 1 (USD Billion) in 2018 and is slated to garner earnings worth 2.01 (USD Billion) by 2025, is set to grow at a CAGR of 16.9% during the period from 2019 to 2025. The report offers valuation and analysis of the Non-Dairy Yogurt market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).

Introduction

Non-dairy yogurt has found myriad health advantages including a decrease in inflammation, loss of weight, and bringing marked improvement in body metabolism of humans. Moreover, the product also helps in absorbing the minerals. With humungous demand for healthy diet, it is more likely that the sales of non-dairy yogurt will increase over the forthcoming years. Furthermore, low intake of lactose and other dairy-based products has culminated into humungous popularity of non-dairy items such as non-dairy yoghurt in the recent years. 

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Market Growth Drivers

Rise in the number of subjects affected due to health issues as a result of lactose intolerance and milk allergies will steer the non-dairy yogurt market growth over the forecast timeframe. Surge in the health consciousness among the consumers and a prominent bulge in the vegan populace will proliferate the market landscape over the assessment period.  Apart from this, escalating need for fortified dairy–free products will define the expansion of non-dairy yogurt industry in the years ahead.

Furthermore, massive demand for convenience food is projected to transform into huge product penetration across the globe. In addition to this, the escalation in the proportion of urban population and a bulge in the number of people belonging to high-income group population will spearhead the scope of the business in the ensuing years. Nonetheless, the huge costs of the product can restrain the industry growth over the assessment period. Oscillations in the raw material costs as well as high production costs will put brakes on the expansion of non-dairy yogurt industry in the foreseeable future.

European Non-Dairy Yogurt Market To Accrue Huge ROI During 2019-2025

The expansion of non-dairy yogurt industry in Europe can be attributed to large-scale intake of flavored yogurt in the countries such as the UK and France. Presence of key players in the continent will result into high market penetration in the years ahead.

Key participants profiled in the report are COYO, Coconut Grove Yogurt, General Mills, Yoso, The Hain Celestial Group, Inc., The Whitewave Foods Company, and Crunch Culture.

The global non-dairy yogurt market is segmented as follows:

By Product Type

• Soy Yogurt
• Almond Yogurt
• Coconuts Yogurt
• Oats Yogurt
• Rice Yogurt
• Pea Yogurt
• Others

By Nature

• Organic
• Conventional

By Form

• Drinkable
• Spoonable

By Flavor

• Plain/Unflavored
• Flavored

By Distribution Channel

• Convenience Stores
• Independent Retailers
• Specialist Stores
• Supermarkets/Hypermarkets
• Mass Merchandisers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa