The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Non-Dairy Yogurt Global Market Report 2024 offers crucial insights into the non-dairy yogurt market help businesses analyse and build stronger strategies.

The non-dairy yogurt market has witnessed a rapid surge in recent years, driven by several key factors:

• Rising demand for dairy-free alternatives
• High nutritional content and improved taste
• Wider availability and growing awareness about lactose intolerance

Current Market Landscape

In 2023, the non-dairy yogurt market reached $4.24 billion and is poised to hit $4.98 billion in 2024, showcasing a remarkable compound annual growth rate (CAGR) of 17.6%.

Forecasts and Growth Drivers

Projections indicate an even faster growth pace, with the market expected to soar to $9.14 billion by 2028, fueled by:

• Increasing popularity of plant-based diets
• Surge in vegan and plant-based lifestyles
• Expansion in emerging economies and improved healthcare accessibility

Trends Shaping the Future of Non-Dairy Yogurt

Innovations in Product Offerings

Major trends expected in the forecast period include:

• Innovations in plant-based products
• Protein-enriched non-dairy yogurts
• Low-sugar and no-added sugar varieties
• Packaging innovations focusing on sustainability
• Emphasis on organic and clean label formulas

The Role of the Food Service Industry in Market Growth

Driving Demand through Food Services

The food service industry’s expansion is anticipated to be a significant catalyst for non-dairy yogurt market growth. Key points include:

• Utilization of non-dairy yogurt as a versatile ingredient
• Catering to diverse dietary preferences including vegan and lactose-free options
• Offering variety in menu choices to align with evolving consumer tastes

Industry Statistics and Impacts

In 2022, the U.S. restaurant industry recorded a staggering $166.5 billion increase in sales compared to the previous year, indicating the sector’s robust growth and its positive influence on non-dairy yogurt market demand.

Innovative Strategies and Market Players

Product Innovations Driving Market Dynamics

Major companies are actively engaged in developing innovative products to meet evolving consumer preferences:

• Introduction of yogurt tubes for convenient consumption
• Example: Cocos Organic’s launch of organic coconut milk yogurt tubes with live vegan cultures

Strategic Acquisitions and Market Expansion

Strategic acquisitions play a crucial role in market expansion and promotion of plant-based lifestyles:

• Example: Plant Veda Foods’ acquisition of Nora’s Non-Dairy Ltd., a Canadian plant-based ice cream manufacturer, to advance plant-based consumption.

Market Segmentation and Regional Outlook

Understanding Market Segmentation

The non-dairy yogurt market is segmented based on:

1. Product type: Soy, almond, coconut, oats, rice, pea yogurt
2. Form: Drinkable and spoonable yogurt
3. Distribution channels: Supermarkets, online stores, convenience stores

Regional Insights

Western Europe led the market in 2023, while Asia-Pacific is anticipated to emerge as the fastest-growing region in the forecast period.

Get A Free Sample On The Global Non-Dairy Yogurt Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=6656&type=smp

Read The Full Non-Dairy Yogurt Market Report Here:

https://www.thebusinessresearchcompany.com/report/non-dairy-yogurt-global-market-report

The Non-Dairy Yogurt Global Market Report 2024  provides a comprehensive outlook of the non-dairy yogurt market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The non-dairy yogurt market forecast offers a thorough analysis on non-dairy yogurt market size, non-dairy yogurt market share, prominent players and their strategies.

The Table Of Content For The Non-Dairy Yogurt Market Include:
1. Non-Dairy Yogurt Market Executive Summary
2. Non-Dairy Yogurt Market Segments
3. Non-Dairy Yogurt Market Size And Non-Dairy Yogurt Market Growth Rate
4. Key Non-Dairy Yogurt Market Trends
5. Major Non-Dairy Yogurt Market Drivers
……
25. Key Mergers And Acquisitions In The Non-Dairy Yogurt Market
26. Top Non-Dairy Yogurt Companies
27. Non-Dairy Yogurt Market Opportunities And Strategies
28. Non-Dairy Yogurt Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

Dairy Food Global Market Report 2024

Dairy Alternatives Global Market Report 2024

Dairy Ingredients Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: