Non-Dairy Yogurt Market Forecasted to Hit USD 13.75 Billion by 2034, Fueled by Growing Demand for Plant-Based Options | Future Market Insights, Inc.

The global non-dairy yogurt market share is on a promising trajectory, with a projected valuation of USD 8.01 billion in 2024, and expected to surpass USD 13.75 billion by 2034, reflecting a CAGR of 5.60% during the forecast period. This growth is largely fueled by the rising trend toward vegan and vegetarian diets, which has significantly increased the demand for plant-based food products.

As health consciousness continues to rise among consumers, there is an increasing shift toward plant-based diets, propelling the demand for non-dairy yogurt options. Made from ingredients such as almond, coconut, soy, and oat, non-dairy yogurt offers an appealing alternative to traditional dairy products, catering to lactose-intolerant individuals, vegans, and health enthusiasts alike.

Key Market Insights:

  • Health-Conscious Consumers: Growing recognition of lactse intolerance and dairy allergies is driving consumers to seek out non-dairy yogurt alternatives. These products are increasingly recognized for their nutritional benefits, including probiotics and vitamins that promote gut health and overall well-being.
  • Flavor Innovation: Non-dairy yogurt brands are innovating continuously, offering diverse flavor options ranging from traditional fruit flavors to more unique selections like salted caramel and matcha green tea, catering to evolving consumer preferences.
  • Clean Label Movement: There is a rising demand for non-dairy yogurt products with clean, transparent labeling. Consumers are looking for options made with natural ingredients, free from artificial additives and preservatives.
  • Functional Ingredients: Manufacturers are incorporating functional ingredients such as plant-based proteins, prebiotics, and superfoods to enhance the nutritional profile of non-dairy yogurts, appealing to health-conscious consumers seeking added health benefits.

“Non-dairy yogurt is not just a trend; it represents a fundamental shift in consumer eating habits. The diverse range of flavors and nutritional benefits offered by plant-based yogurts positions them as a staple in modern diets.” – says Nandini Roy Choudhury, Client Partner at Future Market Insights 

Key Takeaways from the Non-Dairy Yogurt Market Report:

  • The non-dairy yogurt market in the U.S. is projected to grow at a CAGR of 4.8%, fueled by health awareness and diverse product offerings.
  • With a projected CAGR of 6.8%, India’s non-dairy yogurt market is experiencing rapid growth driven by rising disposable incomes and increasing health consciousness.
  • The market in China is expected to rise at a CAGR of 6.5%, as authorities promote plant-based food production and local manufacturers create products tailored to consumer preferences.
  • Japan’s non-dairy yogurt industry is projected to grow at a CAGR of 5.8%, with a focus on innovative products that incorporate additional health benefits.
  • The German market is expected to see a CAGR of 5.0%, with consumers increasingly demanding quality and sustainability in their non-dairy yogurt choices.

Country-wise Insights

Countries CAGR
United States 4.8%
India 6.8%
China 6.5%
Japan 5.8%
Germany 5.0%

Competition Outlook of the Non-Dairy Yogurt Industry

The non-dairy yogurt industry is characterized by established players, innovative startups, and private label brands vying for market share. Increasingly, companies are entering into strategic partnerships or making acquisitions in order to expand into new markets and leverage each other’s strengths in expanding their product portfolios. Thus, this allows established players access to new technological developments, such as distribution channels, and start-ups gain resources that enable them to market effectively.

Keeping up with changing customer tastes requires continual product improvement if one is going to remain relevant in the marketplace. This involves creating new flavors, textures, and functions (e.g., added protein or probiotics) as well as integrating novel ingredients such as plant-based milk alternatives (oats, peas, etc.).

Consumer’s choice of foods may be influenced by increasing concerns about how these choices affect their environment and society overall. Companies are making their focus the sourcing ingredients ethically and sustainably. The demand for these products is high among the vegan population and often for vegan consumers, cruelty-free products go hand-in-hand with sustainable and ethically-sourced products. Manufacturers are aware of this tendency of consumers and are finding ways to get more sustainable products into stores. Manufacturers are also taking the help of eco-friendly packaging solutions.

Recent Developments in the Non-Dairy Yogurt Industry

  • The Hain Celestial Group Inc. revamped its strategy in 2023, as part of its Hain Reimagined plan. As part of the strategy, the company focused on brands like Dream, a core brand. Dream offers non-dairy products made from almond, oat, coconut, and rice milk.
  • Danone SA introduced the Silk Kids Almondmilk Yogurt Alternative, and So Delicious Dairy Free 0g Added Sugar Yogurt Alternative in 2023, adding to its wide range of dairy alternative products.
  • Nestlé SA is also expanding its presence in the non-dairy yogurt segment with products such as Good Karma Flaxmilk Yogurt, Häagen-Dazs Non-Dairy Frozen Yogurt, and Natural Bliss Plant-Based Half & Half. The company also acquired Sweet Earth Foods, a maker of plant-based foods, including vegan yogurts, in 2023.

Key Companies in the Market

  • The Hain Celestial Group Inc.
  • Danone SA
  • Nestlé SA
  • Chobani, LLC
  • Forager Project, LLC,
  • Valio Ltd
  • Stonyfield Farm Inc.,
  • Daiya Foods Inc.
  • Springfield Creamery Inc.
  • The Coconut Collaborative
  • COYO Pty Ltd.
  • GT’s Living Foods LLC

Discover the Full Details in Our Report: https://www.futuremarketinsights.com/reports/non-dairy-yogurt-market

Key Segments

By Product:

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

By Nature:

  • Organic
  • Conventional

By Form:

  • Drinkable Yogurt
  • Spoonable Yogurt

By Flavor:

  • Plain/Unflavored
  • Flavored

By Sales Channel:

  • B2B (HoReCa & Other Food Services)
  • B2C
    • Modern Grocery Retailers
    • Hypermarket/ Supermarket
    • Convenience Store
    • Specialty Store
    • Online Retailers
    • Wholesalers
    • Other Retail Forms

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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