The non-dairy yogurt market size is estimated to reach a valuation of USD 8,009.37 million in 2024. The trend towards vegan and vegetarian diets has led to an increased demand for plant-based food products, including non-dairy yogurt. The sales of non-dairy yogurt are likely to rise at a CAGR of 5.60% through 2034.
The non-dairy yogurt industry is projected to surpass USD 13,752.78 million by 2034. To meet the demand for functional foods, companies are introducing non-dairy yogurt varieties enriched with added nutrients such as vitamins, minerals, and plant-based proteins, offering additional health benefits beyond traditional yogurt.
Demand Analysis of the Non-Dairy Yogurt
Attributes | Details |
---|---|
Non-Dairy Yogurt Market Value for 2024 | USD 8,009.37 million |
Non-Dairy Yogurt Market Value for 2034 | USD 13,752.78 million |
Non-Dairy Yogurt Market Forecast CAGR for 2024 to 2034 | 5.60% |
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Plant-Based Preference
The growing popularity of plant-based diets is driven by health-conscious consumers looking for alternatives to milk, which has increased the demand for non-dairy yogurts. As people are learning about the environmental consequences and ethical issues associated with animal farming, they are increasingly opting for plant-based choices to meet their dietary needs
Flavor Innovation
Non-dairy yogurt competitors are always innovating with respect to tastes and ingredients that will appeal to changing consumer preferences regarding flavors. The available options in non-dairy yogurt range from the conventional fruit taste to others like salted caramel or matcha green tea that are unique and indulgent, showing commitment towards meeting a wide range of demands.
Clean Label Movement to Drive the Demand for Non-Dairy Yogurt
With increasing consumer scrutiny of food labels and ingredients, there is a growing demand for non-dairy yogurt products with clean and transparent labeling. Consumers are seeking products made with natural and recognizable ingredients, free from artificial additives, preservatives, and unnecessary fillers, driving the demand for clean label non-dairy yogurt options.
Functional Ingredients
Non-dairy yogurt manufacturers are incorporating functional ingredients into their products to meet the demand for added health benefits beyond traditional yogurt. Ingredients like plant-based proteins, prebiotics, and superfoods such as chia seeds or acai berries are being incorporated to enhance the nutritional profile of non-dairy yogurt and appeal to health-conscious consumers seeking functional foods.
This section provides detailed insights into specific segments in the non-dairy yogurt industry.
By Product Type | Soy Yogurt |
---|---|
Market Share in 2024 | 39.5% |
It is expected that in 2024, soy yogurt is likely to have acquired a large market share of 39.5%.
By Nature | Organic |
---|---|
Market Share in 2024 | 32.2% |
The organic segment is expected to hold a notable share of 32.2% in 2024, showcasing the growing consumer preference for organic products.
The section analyzes the non-dairy yogurt market across key countries, including the United States, India, China, Japan, and Germany. The analysis delves into the specific factors driving the demand for non-dairy yogurt in these countries.
Countries | CAGR |
---|---|
United States | 4.8% |
India | 6.8% |
China | 6.5% |
Japan | 5.8% |
Germany | 5.0% |
The non-dairy yogurt industry in the United States is expected to grow at a CAGR of 4.8% till 2034.
India’s non-dairy yogurt market is projected to witness a significant CAGR of 6.8% through 2034.
From 2024 to 2034, China’s non-dairy yogurt industry is likely to rise at a CAGR of 6.5%.
Japan's non-dairy yogurt industry is projected to rise at a CAGR of 5.8% through 2034.
The German non-dairy yogurt market is expected to rise at a CAGR of 5.0% through 2034, reflecting a balance between tradition and modern trends.
The non-dairy yogurt industry is characterized by established players, innovative startups, and private label brands vying for market share. Increasingly, companies are entering into strategic partnerships or making acquisitions in order to expand into new markets and leverage each other’s strengths in expanding their product portfolios.
Thus, this allows established players access to new technological developments, such as distribution channels, and start-ups gain resources that enable them to market effectively.
Keeping up with changing customer tastes requires continual product improvement if one is going to remain relevant in the marketplace. This involves creating new flavors, textures, and functions (e.g., added protein or probiotics) as well as integrating novel ingredients such as plant-based milk alternatives (oats, peas, etc.).
Consumer’s choice of foods may be influenced by increasing concerns about how these choices affect their environment and society overall. Companies are making their focus the sourcing ingredients ethically and sustainably. The demand for these products is high among the vegan population and often for vegan consumers, cruelty-free products go hand-in-hand with sustainable and ethically-sourced products.
Manufacturers are aware of this tendency of consumers and are finding ways to get more sustainable products into stores. Manufacturers are also taking the help of eco-friendly packaging solutions.
Recent Developments in the Non-Dairy Yogurt Industry
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From 2024 and 2034, the non-dairy yogurt market is likely to rise at a CAGR of 5.60%.
The soy yogurt segment is estimated to lead the industry.
The Hain Celestial Group Inc., Danone SA, and Nestlé SA are some of the leading non-dairy yogurt producers.
The non-dairy yogurt market is projected to surpass USD 13,752.78 million by 2034.
Growing consumer interest in plant-based diets and lactose intolerance has fostered demand for non-dairy yogurts.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product 5.1. Soy Yogurt 5.2. Almond Yogurt 5.3. Coconut Yogurt 5.4. Oats Yogurt 5.5. Rice Yogurt 5.6. Pea Yogurt 5.7. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 6.1. Organic 6.2. Conventional 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Flavour 7.1. Flavoured 7.2. Unflavoured 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel 8.1. B2B (HoReCa & Other Food Services) 8.2. B2C 8.2.1. Modern Grocery Retailers 8.2.2. Hypermarket/Supermarket 8.2.3. Convenience Store 8.2.4. Online Retailers 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. The Hain Celestial Group Inc. 19.2. Danone SA 19.3. Nestlé SA 19.4. Chobani, LLC 19.5. Forager Project, LLC 19.6. Valio Ltd 19.7. Stonyfield Farm Inc. 19.8. Daiya Foods Inc. 19.9. Springfield Creamery Inc. 19.10. The Coconut Collaborative 19.11. COYO Pty Ltd. 19.12. GT’s Living Foods LLC 20. Assumptions & Acronyms Used 21. Research Methodology
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