The Global Dairy-Free Yogurt Market is witnessing remarkable growth due to increasing consumer demand for healthier and sustainable food choices. The rising popularity of plant-based diets and veganism is driving the demand for dairy-free yogurt made from almond, soy, coconut, and cashew. Consumers appreciate the similar taste and texture of dairy-free alternatives, along with perceived health benefits. Manufacturers are offering diverse flavors and formulations to cater to consumer preferences, while the expanding market players are creating a competitive landscape with innovative dairy-free yogurt options for health-conscious and environmentally-aware consumers.
According to Data Bridge Market Research, the global dairy-free yogurt market is expected to witness market growth at a rate of 18.7% in the forecast period of 2022 to 2029
" Rising demand for plant-based products surge market demand"
The rising demand for plant-based products is fueled by consumers' growing interest in adopting healthier and sustainable dietary choices. Plant-based diets are gaining popularity due to perceived health benefits, environmental concerns, and animal welfare considerations. As a result, the demand for dairy-free yogurt made from plant-based ingredients such as almond, soy, coconut, and cashew is on the rise. These alternatives offer a similar taste and texture to traditional dairy yogurt, providing consumers with a satisfying and ethical option to meet their dietary preferences and lifestyle choices.
What restraints the growth of the global dairy-free yogurt market?
" Premium prices can impede the market growth”
The price premium of dairy-free yogurt compared to conventional dairy yogurt is due to the cost of alternative ingredients used in its production, such as plant-based sources like almond, soy, or coconut. The sourcing, processing, and manufacturing of these ingredients can be more expensive than traditional dairy milk. Additionally, dairy-free yogurt production requires specialized equipment and technologies. While consumers value the health and environmental benefits of dairy-free options, the higher price may limit accessibility for some consumers, especially those with budget constraints.
Segmentation: Global Dairy-Free Yogurt Market
The dairy-free yogurt market is segmented on the basis of type, flavor, category, packaging type, end user, and distribution channel.
- On the basis of type, the dairy-free yogurt market is segmented into almond, cashew, hemp, coconut, soy, oat, rice, and others.
- On the basis of flavour, the dairy-free yogurt market is segmented into original/plain, strawberry, blueberry, mango, raspberry, and peach.
- On the basis of category, the dairy-free yogurt market is segmented into conventional, and organic.
- On the basis of packaging type, the dairy-free yogurt market is segmented tubs, pouches, others
- On the basis of end-user, the dairy-free yogurt market is segmented into household, and food service industry.
- On the basis of distribution channel, the dairy-free yogurt market is segmented into store based, non-store based.
Regional Insights: Europe dominates the Global Dairy-Free Yogurt Market
Europe's dominance in the dairy-free yogurt market is driven by several factors. The region's consumers are increasingly seeking plant-based food options, including dairy-free yogurt, due to health and environmental considerations. Additionally, the rise in disposable income within the region has enabled more individuals to afford premium dairy-free products. The growing popularity of vegan and vegetarian diets also contributes to the increased demand for dairy-free alternatives. These trends have propelled Europe to be a leading market for dairy-free yogurt products.
Asia-Pacific is poised for growth in the dairy-free yogurt market from 2022 to 2029 due to the increasing incidences of lactose intolerance and lactose sensitivity in the region. As more individuals in Asia-Pacific experience difficulties digesting lactose, the demand for dairy-free alternatives, including yogurt, is expected to rise. Manufacturers are likely to capitalize on this opportunity by offering a variety of dairy-free yogurt options made from plant-based ingredients, meeting the needs of consumers seeking lactose-free and dairy-free dietary choices in the region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-dairy-free-yogurt-market
The Prominent Key Players Operating in the Global Dairy-Free Yogurt Market Include:
- Danone SA (France)
- COYO Pty. Ltd. (Australia)
- Forager Project (U.S.)
- The Coconut Collaborative (U.K.)
- Lavva (U.S.)
- Amy's Kitchen (U.S.)
- Barry Callebaut (Switzerland)
- Cargill (U.S.)
- Chr. Hansen (Denmark)
- Crowley Foods (U.S.)
- Daiya Foods (Canada)
- Doves Farm Food (U.K.)
- Edlong Dairy Technologies (U.S.)
- Emmi (Switzerland)
- Fonterra (New Zealand)
- Galaxy Nutritional Foods (U.S.)
- Good Karma Foods Inc. (U.S.)
- NANCY’s (U.S.)
- Hain Celestial (U.S.)
- Daiya Foods Inc. (Canada)
- Oatly AB (Sweden)
- YOSO (Canada)
- Amande Cultured Almond Milk (U.S.)
- Vitasoy (Hong Kong)
- WhiteWave Services (U.S.)
- Yoplait (France)
Above are the key players covered in the report, to know about more and exhaustive list of global dairy-free yogurt market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Dairy-Free Yogurt Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
