What is Dairy Free Yoghurt Market?
Dairy Free Yoghurt is also known as vegan yogurt. It is made up of coconut, soy, oat, almond milk and cashew. It contain beneficial amount of probiotic bacteria. It consist of good amount of calcium, fibre. Number of vegan yoghurt are rich in protein and calcium. It is mostly preferred for lactose intolerance people. Hence, rising adoptions for healthy and natural ingredients has created growth opportunities for the Dairy Free Yoghurt market. Growing food and beverages industrial expenditure is impacting on the market in profitable manner.
The market study is being classified by Type (Soy Yogurt, Flaxseed Yogurt, Almond Yogurt, Cashew Yogurt, Coconut Yogurt and Others) and major geographies with country level break-up.
Danone (France), Oui by Yoplai (France), So Delicious (United States), Silk Dairy (United States), Coyo (Australia), Goodmylk (India), Forager (United States), Chobani (United States), Activia (France), Culina (France), Siggi (United States), Maison Riviera (France), Epigamia (India) and Granarolo S.p.A. (Italy) are some of the key players profiled in the study.
The market of dairy free yoghurt is expected to grow with rising demand with growing awareness regarding non diary yoghurt. Several companies are operating in the market to provide Dairy Free Yoghurt with number of health benefits. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Segment Analysis
Analyst at AMA have segmented the market study of Global Dairy Free Yoghurt market by Type, Application and Region.
On the basis of geography, the market of Dairy Free Yoghurt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Awareness regarding Consuming Healthy Yoghurt Has Created Demand
- Increasing Adoptions for Healthy Lifestyle
- Rising Lactose Intolerance
Market Trend
- Growing Preference for Non Dairy Yoghurt over Dairy Yoghurt
Restraints
- Fluctuation in Pricing & Availability of Raw Material
Opportunities
- Growing Inclination towards Consuming Natural Ingredients Has Created Growth Opportunities
- Increasing Food and Beverages Industrial Expenditure
Challenges
- Availability of Substitutes like Dairy Based Yoghurt
In August 2021, Dairy-free brand Silk has launched a new range of vegan Greek-style yogurts. It is made up of coconut milk. It has creamy taste and thick texture. Owing to this new launch, company has expanded its portfolio which further proliferating company’s revenue stream.
Key Target Audience
Dairy Free Yoghurt Manufacturers, Dairy Free Yoghurt Suppliers/Distributors, Raw Material Supplier, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry