The non-dairy yogurt market is set to secure a valuation of US$ 8,009.37 million in 2024. The demand for non-dairy yogurt is anticipated to rise at a CAGR of 5.60% through 2034. The non-dairy yogurt industry is expected to reach US$ 13,752.78 million by 2034. The non-dairy yogurt industry is being propelled by the increasing adoption of plant-based diets and the growing awareness of lactose intolerance and dairy allergies among consumers.
As more individuals seek healthier and sustainable alternatives to dairy products, the demand for non-dairy yogurt made from soy, almond, coconut, and oat continues to surge. Moreover, the rising popularity of veganism and flexitarianism has significantly expanded the consumer base for non-dairy yogurt products, driving market growth.
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Many consumers perceive non-dairy yogurt to be inferior in taste and consistency compared to traditional dairy-based yogurt. Formulating non-dairy yogurt with desirable attributes such as creaminess and tanginess while maintaining a clean label and addressing allergen concerns presents a significant hurdle for manufacturers. Additionally, the higher production costs associated with sourcing and processing plant-based ingredients may limit the affordability and accessibility of non-dairy yogurt products.
The expansion of distribution channels, including online retail platforms and specialty health food stores, offers a broader reach for non-dairy yogurt brands to target health-conscious consumers seeking alternative dairy options. Collaborations with celebrity chefs, nutritionists, and influencers can also help raise brand awareness and drive consumer engagement in the non-dairy yogurt segment.
An emerging trend in the non-dairy yogurt industry is the introduction of novel flavors and unique product formulations to cater to diverse consumer preferences. Brands are experimenting with exotic fruit blends, savory-sweet combinations, and indulgent dessert-inspired flavors to differentiate their offerings and appeal to adventurous taste buds.
There is a growing demand for non-dairy yogurt products with added functional benefits, such as gut health support, weight management, and immune system enhancement. Packaging innovations, such as single-serve pouches, eco-friendly containers, and convenient on-the-go formats, are also gaining traction among health-conscious consumers seeking convenience and sustainability in their yogurt choices.
“The non-dairy yogurt industry presents ample opportunities for innovation and product diversification. Manufacturers can capitalize on the growing consumer demand for functional and fortified yogurt varieties by incorporating probiotics, vitamins, and minerals into their formulations.” Says an FMI analyst.
Key Takeaways from the Market Study
- The United States market is expected to expand at a CAGR of 4.8% through 2034.
- The non-dairy yogurt industry in India is projected to rise at a CAGR of 6.8% through 2034.
- China’s non-dairy yogurt industry is likely to witness expansion at a CAGR of 6.5% through 2034.
- Japan’s non-dairy yogurt market is projected to expand at a CAGR of 5.8% through 2034.
- Germany’s non-dairy yogurt market is expected to rise at a 5.0% CAGR through 2034.
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Competitive Landscape
The non-dairy yogurt industry is experiencing heightened competition as an increasing number of companies vie for market share. Companies are focusing on product differentiation and innovation to gain a competitive edge. Strategies such as offering a wide range of flavors, textures, and formulations and incorporating unique ingredients and functional benefits are being employed to attract and retain consumers. Furthermore, partnerships with retailers, foodservice outlets, and online platforms are being forged to enhance distribution channels and increase market penetration.
While competition in the non-dairy yogurt industry remains fierce, companies are also grappling with challenges such as pricing pressures, quality control, and regulatory compliance. Maintaining product consistency and ensuring customer satisfaction are paramount to staying competitive in this dynamic market. As consumer demand for healthier and sustainable food options continues to rise, companies must remain agile and responsive to evolving market trends to secure their position in the highly competitive non-dairy yogurt industry.
Recent Developments:
- Hain Celestial Group Inc. has launched its Hain Reimagined strategy, which aims to reinvent the firm and drive profitable growth by 2023. The company intends to focus on its core brands, such as Dream, which sells non-dairy yogurt made with almond, oat, coconut, and rice milk.
- Danone SA introduced Silk Kids Almondmilk Yogurt Alternative, and So Delicious Dairy Free 0g Added Sugar Yogurt Alternative in 2023.
- Nestlé SA is also moving into the non-dairy yogurt market with products like Good Karma Flaxmilk Yogurt, Häagen-Dazs Non-Dairy Frozen Yogurt, and Natural Bliss Plant-Based Half & Half. In 2023, the business also purchased Sweet Earth Foods, a plant-based food manufacturer that produces vegan yogurts.
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Key Coverage in the Non-Dairy Yogurt Industry Report
- North America Non-Dairy Yogurt Market Outlook
- Dairy-Free Yogurt Market Size
- Demand Analysis of Vegan Yogurt
- Europe Dairy-Free Yogurt Market Analysis
- Dairy Alternatives Industry Trends
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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