About Dairy Free Yogurt
Dairy-free yogurt is plant-based yogurt in the yogurt category. Soy is the most popular product bases. This product is specially designed for consumers who are allergic to dairy products. The increasing interest in probiotics is a major driver behind the dairy-free yogurt. The leading brands in non-dairy yogurt are Lavva and Yooga.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.0% |
The major players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new product launches, and other strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail of competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Dairy Free Yogurt market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kite Hill (United States), Forager Project (United States), Ripple Foods (United States), Stonyfield (United States), Daiya Foods (Canada), Good Karma Foods, Inc. (United States), Dream Plant Based (United States), So Delicious Dairy Free (United States), Silk (United States) and CocoYo (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nancy's Yogurt (United States), Lavva (United States), Good Plants (United State) and Chobani (United States).
Segmentation Overview
AMA Research has segmented the market of Global Dairy Free Yogurt market by , Application (Kids and Adults) and Region.
On the basis of geography, the market of Dairy Free 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). If we see Market by Categories, the sub-segment i.e. Almond will boost the Dairy Free Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Dairy Free Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavours, the sub-segment i.e. Peach will boost the Dairy Free Yogurt market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Interest from Consumers for Different Flavours and Dairy Fermentation
Market Growth Drivers:
Growing Popularity of Plant-Based Nutrients and Increase Number of Non-Dairy Products Buyers
Challenges:
High Level of Sugar
Restraints:
High Manufacturing Cost Affects the Growth of the Market
Opportunities:
Strong Opportunity In Future Due To Count Of New Plant Bases Such As Cashew And Rice Will Allow New Entrants Into The Non-Dairy Milk Category
Market Leaders and their expansionary development strategies
In May 2023, Chobani, a major yogurt producer with a dairy-free line, partnered with oat milk giant Oatly to co-develop a line of oat-based yogurt parfaits. This partnership combines Chobani's yogurt expertise with Oatly's popular oat milk, creating a potential game-changer in the market.
In February 2024, Kite Hill, a popular plant-based dairy brand, launched a new line of yogurt parfaits featuring its almond milk yogurt with various toppings like granola and fruit. This indicates a trend towards convenience and snack-oriented dairy-free yogurt options.
Analyst View
As the dairy yogurt category increasingly faces cross-category competition from dairy free Yogurt, flavour will play a growing role in determining where consumer money go.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Dairy-free yogurt Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.