Non-dairy Yogurt Market Scope
Rising demand for flavored yogurt will help to boost global non-dairy yogurt market in the forecasted period. Non- dairy yogurt is also called as vegan yogurt. It is an alternative for dairy-based yogurt. It is made from milk substitutes obtained from coconut, soy, almond, and others. It is rich in probiotics making it a healthy snack and a substitute for lactose intolerant population.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Yoso (Canada), The Hain Celestial Group (United States), COYO (United States), The Whitewave Foods Company, Inc. (United States), Crunch Culture (United States), General Mills (United States), Stonyfield Farm Inc. (United States), Daiya Foods Inc. (Canada), Good Karma Foods Inc. (United States) and Hudson River Foods (New York) |
CAGR | 20.3% |
The global non-dairy yogurt market is developing at a considerable rate and anticipated to witness a high level of competition throughout the forecast period. The increasing number of manufacturers expected to enter the market is likely to produce promising growth chances in the upcoming years. Key players are focusing on the development of new product and innovations in order to attract a large number of consumers all over the world. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Non-dairy Yogurt market throughout the predicted period.
Yoso (Canada), The Hain Celestial Group (United States), COYO (United States), The Whitewave Foods Company, Inc. (United States), Crunch Culture (United States), General Mills (United States), Stonyfield Farm Inc. (United States), Daiya Foods Inc. (Canada), Good Karma Foods Inc. (United States) and Hudson River Foods (New York) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Nancy’s Yogurt (United States), Kite Hill (United States) and Chobani, LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Non-dairy Yogurt market by Type , by Application (Frozen Dessert, Food, Beverages and Others) and Region with country level break-up.
On the basis of geography, the market of Non-dairy Yogurt has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In March 2019, Nancy’s Probiotic Foods has launched first nationally distributed Oatmilk Non-Dairy Yogurt in the United States. Made from gluten-free oats, this new line of vegan yogurts delivers the creaminess of dairy yogurt with billions of live non-dairy probiotics per serving.
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.
Influencing Trend:
The Introduction of New Flavors and Types and The Rising Popularity of Vegan Food
Market Growth Drivers:
High Demand Due To Lactose Intolerance And Allergy Of Milk and Changing Consumer Preferences
Challenges:
Stringent Government Regulation of Food Products
Restraints:
High Price of Non-Dairy Yogurt Products and Unstable Charges of Raw Materials
Opportunities:
Huge Opportunity Due To the Increase in The Health Consciousness Among The Consumers
Key Target Audience
Manufactures, Suppliers and Distributors, Government and Private Research Organizations, Government Regulatory Bodies and Others