PUBLISHER: SkyQuest | PRODUCT CODE: 1707966
PUBLISHER: SkyQuest | PRODUCT CODE: 1707966
Non-dairy Yogurt Market size was valued at USD 2.7 billion in 2023 and is poised to grow from USD 3.05 billion in 2024 to USD 8.18 billion by 2032, growing at a CAGR of 13.1% during the forecast period (2025-2032).
Market growth in the dairy sector is being propelled by shifting consumer dietary habits, heightened health consciousness, and an increase in disposable income, particularly towards yogurt as a popular dessert and dietary staple. The demand for flavored and health-oriented yogurts, including sugar-free and nutrient-rich options, is on the rise, encouraging innovation in the food industry. Concurrently, a global trend towards dairy-free alternatives, especially among millennials, is promoting the expansion of vegan yogurts due to lactose intolerance and sustainability concerns. Companies like Tomorrow Farms and Cocos Organic are introducing innovative products, while acquisitions like Plant Veda's purchase of Nora's Non-Dairy highlight a strategic shift to meet the increasing demand for plant-based, health-conscious options in North America and Europe.
Top-down and bottom-up approaches were used to estimate and validate the size of the Non-dairy Yogurt market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Non-dairy Yogurt Market Segments Analysis
Global Non-dairy Yogurt Market is segmented by Product Type, Nature, Form, Flavor, Distribution Channel and region. Based on Product Type, the market is segmented into Soy Yogurt, Almond Yogurt, Coconuts Yogurt, Oats Yogurt, Rice Yogurt, Pea Yogurt and Others. Based on Nature, the market is segmented into Organic and Conventional. Based on Form, the market is segmented into Drinkable and Spoonable. Based on Flavor, the market is segmented into Plain/Unflavored and Flavored. Based on Distribution Channel, the market is segmented into Convenience Stores, Independent Retailers, Specialist Stores, Supermarkets/Hypermarkets, Mass Merchandisers and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Non-dairy Yogurt Market
A major factor propelling the non-dairy yogurt market is the rising popularity of vegan and flexitarian diets. As individuals become more health-conscious, they are actively seeking plant-based options that boast an abundance of probiotics, fiber, and vital nutrients. Furthermore, growing ethical considerations surrounding animal welfare and environmental sustainability are impacting consumer choices, resulting in an increased appetite for dairy-free yogurt alternatives. This shift in dietary preferences is creating robust demand for non-dairy yogurts, as more people embrace healthier lifestyles while also prioritizing ethical and sustainable food sources in their buying decisions.
Restraints in the Non-dairy Yogurt Market
The non-dairy yogurt market faces several constraints that hinder its growth, primarily due to the expensive raw materials required for production, such as almonds, cashews, and coconuts. These high ingredient costs contribute to the overall pricing of non-dairy yogurt, making it pricier than traditional dairy yogurt. Furthermore, the manufacturing processes involved, including the fortification with probiotics and methods to achieve desirable textures without relying on dairy proteins, increase operational expenses. Consequently, these factors create a significant barrier to wider market acceptance, especially in price-sensitive demographics, limiting the overall expansion potential of non-dairy yogurt products.
Market Trends of the Non-dairy Yogurt Market
The Non-dairy Yogurt market is witnessing a remarkable surge, propelled by a significant increase in the global vegan population and a parallel rise in lactose intolerance. As more consumers shift towards plant-based diets, the demand for dairy alternatives has seen tremendous growth. Countries like Australia, boasting one of the highest percentages of vegans globally, exemplify this trend, with 2.5 million individuals embracing vegetarian and vegan lifestyles as of 2022. To cater to this evolving consumer base, companies are innovating with diverse flavors and unique combinations in plant-based yogurt products. This heightened awareness of the health benefits associated with plant-based foods is further fueling the consumption of non-dairy yogurt, establishing it as a key market trend moving forward.