non-dairy yogurt market is booming thanks to flavors and plant-based trends, eyeing $12.2 billion by 2032. Organic options are gaining ground, expected to be worth over $3 billion and claim a third of the market by 2022. Diverse flavors are driving its popularity.
The non-dairy yogurt market is on the rise, fueled by flavored variants and the surge in plant-based product consumption. Expected to hit $12.2 billion by 2032, this growth is also propelled by the increasing demand for natural and organic options. Organic non-dairy yogurt is predicted to claim a third of the market by 2022, with an estimated value exceeding $3 billion. The accessible and diverse range of flavors in flavored non-dairy yogurt is amplifying its demand.
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The global non-dairy yogurt market, over the next ten years is anticipated to witness an increase, driven by advancements in flavored yoghurt variants. Plant-based product consumption is expected to be the primary driver of the non-dairy yoghurt industry, which is expected to reach USD 12.2 billion by the end of 2032.Another major factor driving the non-dairy yoghurt market’s rise is the growing popularity of natural and organic products.
Compared to traditional products, organic non-dairy yoghurt is expected to account for one-third of the global market by 2022. However, it’s expected that this share will rise quickly, reaching a market value of over $3 billion by the end of the year.anticipated duration. There is a growing demand for flavoured non-dairy yoghurt because it is easily accessible and has been released with various flavours.
Key Implications – Non-dairy Yogurt Market Study
- Demand for coconut yogurt will increase at a CAGR of ~5.8% during the forecast period (2022-2032).
- In the global market, the global demand for soybean-dairy yogurt is equivalent to approximately US$2 billion and will account for two-fifths of total market revenues in the near future.
- Sales of non-dairy yogurt are expected to be higher in South and East Asian countries.
- Organic non-dairy yogurt has not yet entered the mainstream.
- The growing demand for natural and organic plant foods among consumers has increased the use of non-dairy yogurts in the food and beverage industry.
- Populations allergic to nuts and seeds may remain a long-standing penetration problem faced by non-dairy yogurt market players.
- Consumer choices today reflect a preference for non-dairy yogurts to be healthy and cost-effective, along with the social and moral values of providing ethical and environmentally friendly products to these consumers.
The increasing incidence of lactose intolerance leads to a significant demand for lactose-free plant-based dairy products. These products that are witnessing high demand include soy yogurt, almond yogurt, coconut yogurt, oat yogurt and rice yogurt.
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What does competitive landscape analysis show?
Leading manufacturers are focusing on increasing spending on research and development activities to introduce innovative non-dairy yogurt flavors. These manufacturers are also improving their foothold globally by establishing strategies for portfolio expansion and supply chain management. Plant-based dairy products as a concept are actually unfamiliar in rural areas and certain cities in developing countries, representing relatively low growth prospects for the non-dairy yogurt market in many countries. This scenario is expected to change over the next few years due to macro factors, including the penetration of the Internet, which is fueling the consolidation of media and food culture.
Learn more about the non-dairy yogurt market
Future Market Insights brings to the fore an unbiased analysis of the global dairy yogurt market with a new offer, providing historical demand data (2014-2018) and forecast statistics for the period 2019-2029. This study provides powerful insights into the non-dairy yogurt market based on product type (soy yogurt, coconut yogurt, almond yogurt, oat yogurt, rice yogurt, pea yogurt, etc.), natural (organic and conventional), and form (drinkable). provides and sponnable), flavored (regular/unscented and unscented), sales channels (B2B and B2C), and across seven key geographies.
Non-Dairy Yogurt Market Segmentation
Product:
- Soy Yogurt
- Almond Yogurt
- Coconut Yogurt
- Oats Yogurt
- Rice Yogurt
- Pea Yogurt
- Others
Nature:
- Organic
- Conventional
Form:
- Drinkable Yogurt
- Spoonable Yogurt
Flavor:
- Plain/Unflavored
- Flavored
Sales Channel:
- B2B (HoReCa & Other Food Services)
- B2C
- Modern Grocery Retailers
- Hypermarket/ Supermarket
- Convenience Store
- Specialty Store
- Online Retailers
- Wholesalers
- Other Retail Forms
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