Dairy Free Yogurt Market to be Dominated by Vanilla During the Forecast Period
Changing consumer
preferences towards a vegan diet and rising public awareness of the health benefits
of consuming dairy-free yogurt to drive the global dairy-free yogurt market.
According to
TechSci Research report, “Dairy Free Yogurt Market – Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F” Global dairy free yogurt market is
anticipated to grow at impressive rate until 2027. Rising number of consumers
experiencing health problems related to lactose intolerance, milk allergies,
and a variety of other issues are the factors driving the growth of the
non-dairy yogurt market, globally. A growing number of health-conscious
consumers, who also account for a growing vegan population and rising demand
for fortified dairy-free foods and beverages, are driving the global non-dairy
yogurt market.
Dairy-free yogurt
is becoming increasingly popular as a breakfast item to grab and go as well as
in the convenience food sector. Additionally, as a result of the expanding
urban population and the rise in income of consumers, the market for dairy-free
yogurt is expanding in emerging nations.
Packaging plays
a crucial role in the sales of non-dairy yogurt because it is widely
distributed on store shelves in the United States. The nutritional information
is typically printed on the package, enabling customers to make educated
purchases. In the US, non-dairy yogurt is sold in a range of
flavors and is packaged in cups, tubs, liquids, and tubes. This is a
result of the growing acceptance of prepared foods and drinks. Cup
yogurt is widely accessible in the area because busy lifestyles encourage
the consumption of ready-to-eat on-the-go snacks.
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Global dairy
free yogurt market is segmented based on the type, application, region, and
competitive landscape. Based on the source, market is bifurcated into almond,
coconut, rice, soy and others. Soy segment accounted for the dominant share in
2021 as majority of soy product are preferred among health and fitness
enthusiasts seeking to lose weight and promote healthy digestion. Because of
their high protein content, ability to prevent osteoporosis, lower blood
pressure, and support bone health, soy products are widely used in plant-based
diets.
On the basis of
flavors, dairy free yogurt market is split into plain, strawberry, vanilla,
pineapple, blueberry, peach and others. Vanilla flavor is anticipated to grow at
a faster rate until 2027 due to changes
in the consumer’s preferences and tastes and also increase in the popularity of
the flavored dairy free yogurts.
In terms of category,
the organic non-dairy yogurt market is anticipated to grow at the highest CAGR
during the forecast period due to rising consumer awareness of their health and
an increase in the production of organic ingredients, especially in the U.S.
and European nations. Additionally, consumer-driven movements like "clean
label" and the consumption of vegan food, along with strict regulations
for enhancing food quality and safety, will support segment growth. The
market's growth was accelerated by rising consumer focus on obtaining organic
enrichment and natural health. Additionally, a focus on natural and
preservative-free goods will support the growth of the organic segment.
In order to attract
customers, a number of online retailers offer a wide range of dairy-free food
and beverage options at prices that are lower than those found in traditional
retail locations. Due to their affordability and ease of accessibility, online
services have grown in both developed and developing nations
Key market players in the Dairy Free Yogurt market include:
Danone SA
- COYO Pty. Ltd.
- Forager Project
- The Coconut
Collaborative Ltd
- EVR FOODS
- Good Karma
Foods, Inc.
- NANCY’s
- Hain Celestial
Group, Inc.
- Daiya Foods
Inc.
- Oatly AB
Customers can also request for 10% free customization on this report.
“Due to the
significant demand for vegan and plant-based ingredients in the North American
market, the demand for dairy free yogurt is forecast to swell in the region.
Changing lifestyle, an increase in the number of overweight people, and rising
spending on products related to wellness, nutrition, and health are
contributing to the increased demand for dairy free yogurt in the region. Increasing
lactose tolerant population is another reason for the growth of dairy free
yogurt market through 2027.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Dairy Free Yogurt Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2017-2027 Segmented By Source (Almond, Coconut,
Rice, Soy, and Others (Cashew, Oats, etc.)), By Flavor (Plain, Strawberry,
Vanilla, Pineapple, Blueberry, Peach and Others (Mango, Raspberry, etc.)) By Category (Conventional Vs. Organic) By
Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores/Grocery
Stores, Convenience stores, Online, and Others), By Region, By Competition”, has evaluated the future growth potential of dairy free yogurt globally
and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the dairy
free yogurt market.
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