The article cited AMA's "Global Non-dairy Yogurt Market Study" explored substantial growth in North America and CAGR of 20.3%. According to the report, The Introduction of New Flavors and Types
is one of the primary growth factors for the market. High Demand Due To Lactose Intolerance And Allergy Of Milk
is also expected to contribute significantly to the Non-dairy Yogurt market growth. Overall, Frozen Dessert
applications of Non-dairy Yogurt, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Convenience Stores, is boosting the Non-dairy Yogurt market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Non-dairy Yogurt market identified that the demand is rising in many different parts of the world as "Huge Opportunity Due To the Increase in The Health Consciousness Among The Consumers". Furthermore, some recent industry insights like "In January 2019, Chobani, LLC, maker of America's 1 Greek Yogurt brand has launched company's first-ever plant-based recipe Non-Dairy Chobani, to give people looking for non-dairy products a delicious option that's packed with probiotics, less sugar1, 2 than other non-dairy brands and contains only natural ingredients." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Non-dairy Yogurt market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Non-dairy Yogurt market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Non-dairy Yogurt market size is calculated using market estimation process, the Non-dairy Yogurt market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Non-dairy Yogurt market size has been validated using both top-down and bottom-up approaches.