Non Dairy Yoghurt Market Analysis Overview :
The Global Non-dairy ‑Yogurt Market was estimated to be USD 1754.08 million in 2021 and is forecasted to grow at a CAGR of 7.02% during the forecast period of, 2022 – 2028. The growing population of lactose-intolerance consumers and rising trends for non-dairy products are driving the market. Other factors which are supporting the growth of the non-dairy yoghurt market are changing dietary preferences among consumers such as food and drinking habits and increasing health consciousness.
Non-dairy yogurt market has a direct impact caused by variables in demand owing to disruption in supply chain. During Covid-19 in 2020, there is huge disruption in overall food supply chain. Food and beverages raw material supply markets that are imperative to supplying of plant-based products such as soy, almonds, coconut, and others for manufacturing of non-dairy yogurt was stuck at different stages of distribution channels.
Non-dairy yogurts have numerous health benefits which includes decrease in inflammation, weight loss and enhancement in metabolic rate. Consumers spending on plant-based products is growing because of increased prevalence of disorders including milk allergies among the common mass in developed economies such as Europe and North America. Moreover, the growing approach of minimizing greenhouse gases and maintaining a higher quality of non-dairy based food and beverages is anticipated to be a key reason for the growth of this market.
Top Key Players of the Non Dairy Yoghurt Market:
General Mills, Danone, Valio Ltd, Chobani, LLC, Forager Project, Daiya Foods Inc., Nancy’s (Spring Field Creamary), SunOpta, COYO Pty Ltd.
By Sources:
Soy Yogurt
Almond Yogurt
Coconut Yogurt
Oats Yogurt|
Others
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
Market Research Community provides extensive analysis of the size, share, major trends in each sub-segment of the Global Non-Dairy Yoghurt Market, along with forecasts at the global, regional and country level from 2022-2028.
Additionally, manufacturers of non-dairy yogurt were extensively impacted financially during the worst-hit months of the pandemic. The government announced a lockdown in the country in the first half of the year. This resulted in a temporary closure of agricultural process and supply of required ingredients for organically growing of food crops. Thus, resulting in a decline of agricultural growth rate across the globe has impacted the demand and supply which has ultimately impacted the manufacturing of non-dairy yogurt.
Non-Dairy Yoghurt Market is segmented by sources, flavours, distribution channel, and Region. By Sources, the market is segmented into Soy Yogurt, Almond Yogurt, Coconut Yogurt, Oats Yogurt and Others. by Flavours the market is segmented into Plain/Unflavoured and Flavoured. Flavoured type is further bifurcated as Berry, Vanilla, Chocolate and Others. by Distribution Channel the market is segmented into Offline, Convenience Store, Supermarkets and Hypermarkets, Specialty Store and Online. The report also covers the market size and forecasts for the Global Non-Dairy Yoghurt Market in 26 countries across major regions.
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The research is answerable to the following key questions:
- Where can business owners locate more potential customers during the forecast period, 2022 - 2028?
- How are the major vendors operating in the Non Dairy Yoghurt Market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
- How much are the customers willing to pay for the products and services?
- How much is the dimension of the Non Dairy Yoghurt Market catered by the major vendors?
- How often will the customers buy a product or service during the forecast period, 2022 - 2028?
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