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Non-Dairy Yogurt Market is expected to reach US$ 5,908.01 million by 2030

The Global Non-dairy Yogurt Market share is projected to grow from USD 2,458.17 million in 2022 to USD 5,908.01 million by 2030.

By The Insight Partners

Increasing Prevalence of Lactose Intolerance

According to our latest market study, “Non-Dairy Yogurt Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Source, Type, Nature, and Distribution Channel,” the non-dairy yogurt market size was valued at US$ 2,458.17 million in 2022 and is expected to reach US$ 5,908.01 million by 2030; the market is expected to record a CAGR of 11.6% from 2022 to 2030. The report highlights key factors driving the market and prominent players along with their developments in the market.

According to the article published in April 2023 by the National Centre of Biotechnology Information (NCBI), an average of 65% of the world’s population has lactose intolerance. Also, as per the ProCon Organization, by 2021, 59% of people in Canada are likely to suffer from lactose intolerance. Moreover, the prevalence of lactose intolerance or lactose malabsorption is high across Asia Pacific and Africa due to missing genetic mutation for digesting lactose. Many people suffering from lactose intolerance are recommended to consume a lactose-free diet to avoid allergies and diarrhea, abdominal bloating, nausea, and other digestive problems. Moreover, people allergic to milk are recommended to consume plant-based dairy products. Thus, such people seek alternatives that are easy to digest and can fulfill their daily nutritional needs. 

Non-Dairy Yogurt Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00030032

Non-dairy yogurts are made from almond milk, soymilk, and coconut milk, which are free from lactose. Moreover, plant-based non-dairy yogurt has a similar texture, creaminess, and consistency to conventional yogurt. Moreover, plant-based non-dairy yogurts are fortified with protein, calcium, and other nutrients that meet the nutrient requirements of consumers on a daily basis. Thus, the rising prevalence of lactose intolerance and milk allergies among consumers is boosting the non-dairy yogurt market growth. 

The Hain Celestial Group Inc, Danone Sa, Springfield Creamery Inc, Lyrical Foods Inc, Coyo Pty Ltd, Valio Ltd, Oatly Group Ab, Daiya Foods Inc, Forager Project LLC, and Harmless Harvest Inc. are among the major players operating in the global non-dairy yogurt market. Market players are focused on developing high-quality and nutritious product offerings to fulfill the varied requirements of their customers. Moreover, these key players are adopting strategic development initiatives to expand their market presence. Manufacturers of non-dairy yogurt are trying to cater to the consumers’ metropolitan ways of life and add more appealing features to their products. To cater to the needs of consumers, market players are widening their product portfolios. In March 2022, AYO company launched a plant-based yogurt range by developing a new “Plain Almond Milk Yogurt” in various flavors. Such initiatives by key market players are likely to support the non-dairy yogurt market growth during the forecast period.

Impact of COVID-19 Pandemic on Non-Dairy Yogurt Market

The food & beverages industry suffered severe disruptions due to disturbances in supply chains and shutdowns of production plants amid the COVID-19 pandemic. The shuttering of various banks, manufacturing plants, and factories in North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa had further ill effects on supply chains, manufacturing, delivery schedules, and sales. Many businesses announced possible delays in product deliveries and slumps in their future sales. Thus, suspended operations in various industries negatively impacted the non-dairy yogurt market growth. However, during the pandemic, health consciousness among consumers across the globe has increased. Thus, the demand for organic, plant-based products has increased. A shift in consumer shopping behavior was witnessed as customers transitioned to e-commerce channels. Thus, companies increased their presence through online platforms and opened their D2C websites. These factors positively impacted the non-dairy yogurt market growth during the pandemic.

In 2021, various economies resumed their operations as different governments of various countries across the globe announced relaxations in the previously imposed restrictions, which, in turn, bolstered the non-dairy yogurt market. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps. All these factors have been favoring the growth of the non-dairy yogurt market in the post-pandemic recovery period.

The report includes the segmentation of the non-dairy yogurt market as follows:
Based on source, the non-dairy yogurt market is segmented into soy, almond, coconut, oat, and others. Based on type, the market is bifurcated into flavored and plain. On the basis of nature, the market is divided into organic and conventional. Based on distribution channel, the non-dairy yogurt market is segmented into supermarkets & hypermarkets, online retail, convenience stores, and others. By geography, the market is segmented into North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and South & Central America. The non-dairy yogurt market in North America is subsegmented into the US, Canada, and Mexico. The Europe non-dairy yogurt market is further segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The non-dairy yogurt market in Asia Pacific is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. Further, the market in the MEA is segmented into the UAE, South Africa, Saudi Arabia, and the Rest of MEA. The non-dairy yogurt market in South & Central America market is categorized into Brazil, Argentina, and the Rest of South & Central America.

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