Non-Dairy Yogurt Market

The global Non-Dairy Yogurt Market is valued at USD 2.8 Billion in 2022 and is projected to reach a value of USD 7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 14.1% between 2023 and 2030.

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Approximately 65% of adults have Lactose intolerance conditions, according to the National Institutes of Health (NIH). The needs of those who are lactose intolerant are being met by Non-Dairy Yogurt created from plant-based materials. Considerable market demand for Non-Dairy Yogurt has been generated by the rising knowledge of lactose intolerance and its digestive problems, positioning it as a practical and desired option for health-conscious consumers.

According to a Study, 74 percent of consumers pay close attention to the nutritional content of the foods they purchase. For instance, flax milk yogurt and hemp yogurt contain natural omega-3 fatty acids and fiber. Many other varieties of vegan yogurt are fortified with vitamins and minerals to make them healthier. Vegan yogurt is just as rich, smooth, and creamy as conventional yogurt and does not require adaptation of taste and texture.

According to a survey, 84 percent of consumers drink dairy or dairy alternatives. As new plant-based dairy alternatives enter the market and prices fluctuate, these consumer groups demonstrate shifts in their consumption of dairy and alternatives. Of consumers who have tried plant-based alternatives, 49 percent have stopped consuming dairy products.

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Over the past few years, some regulatory authorities have been promoting the production and use of vegan products. The U.S. FDA. announced its plans to promote innovation in manufacturing a wide range of dairy alternatives, including vegan yogurt and other plant-based products. The European Commission also aimed to introduce proper guidelines for the manufacturers to enhance production output in processing milk alternatives.

Key Highlights

• North America generated more than 70% of revenue share in 2022,
• Asia Pacific is expected to expand at the fastest CAGR from 2023 to 2030,
• By product type, the Soy-Based Non-Dairy Yogurt segment contributed more than 60% of revenue share in 2022,
• By Type, the Regular yogurt segment recorded the most significant market share in 2022,
• By Distribution Channel, the Supermarkets/Hypermarkets segment dominated the Market in 2022.

Economic Insights

The Non-Dairy Yogurt market has experienced significant economic growth as concern about nutrition in developed countries is rising. This drives people to look for more choices for non-dairy products. The recent market's excellent yearly growth rate of 15% indicates the industry. This expansion can be linked to several variables, including the rising popularity of plant-based diets, which has increased demand for Non-Dairy Yogurt products by an astounding 25%. The preference for lactose-free alternatives has increased by 30% due to consumers' growing health concerns. For producers of Non-Dairy Yogurt, there is a sizable business opportunity given that 20% of the world's population is lactose intolerant. For instance, North America launched a new range of oat milk-based yogurt alternatives under its Silk brand.

Top Market Trends

1. Increased Demand for Plant-Based Products: With the rising awareness about environmental sustainability, animal welfare, and health benefits, consumers are increasingly shifting towards plant-based diets and non-dairy products. Non-Dairy Yogurt is becoming a popular and healthy alternative to conventional yogurt, free from lactose, cholesterol, and animal protein. This trend encourages manufacturers to innovate with ingredients such as soy, almond, coconut, and cashew milk to create delicious and nutritious yogurt products that meet the diverse needs of health-conscious consumers.
2. Increasing Popularity of Yogurt as a Healthy Snack: Yogurt has been gaining attention as a versatile food choice that can be enjoyed as a breakfast, snack, or dessert. It is a rich source of protein, probiotics, calcium, and other essential nutrients that promote gut health, improve digestion, and support overall well-being. With the growing awareness about the necessity of having a healthy diet and lifestyle, consumers are seeking healthier alternatives to traditional snacks and desserts. Non-Dairy Yogurt offers an ideal solution, as it offers the same taste and texture as regular yogurt but without the added fat or sugar. Overall, these two top market trends are driving the growth of the Non-Dairy Yogurt Market, creating exciting opportunities for manufacturers to innovate and cater to changing consumer preferences.

Market Segmentation

The global Non-Dairy Yogurt market can be categorized on the following: Product Type, Type, Distribution Channel, and Region. Based on Product Type, the Non-Dairy Yogurt market can be segmented as Almond Yogurt, Soy Yogurt, Coconut Yogurt, Oat yogurt, and Others. Furthermore, based on Type, the market can be divided into Regular, Flavoured. In addition, based on Distribution Channel, the Non-Dairy Yogurt market is categorized into Supermarkets/Hypermarkets, Convenience Stores, Online, and Other Distribution Channels. Likewise, based on Region, the Non-Dairy Yogurt market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on Product Type

Soy-Based Non-Dairy Yogurt to Accommodate Maximum Market Share Due to its High Protein Content

The Non-Dairy Yogurt Market is further segmented by type, which includes soy, almond, coconut, and others. Soy-based Non-Dairy Yogurt is the dominant category in this segment due to its high protein content comparable to dairy-based yogurts. Soy-based Non-Dairy Yogurt is rich in vitamins and minerals and contains beneficial soy isoflavones that lower the risk of heart diseases. Almond and coconut-based Non-Dairy Yogurts are gaining popularity due to their rich and creamy texture, good taste, and wide availability. Non-Dairy Yogurt made from other sources, such as oats, cashews, and peas, is also gaining traction among health-conscious consumers looking for plant-based alternatives to dairy products.

Based on Type

Regular Non-Dairy Yogurt will dominate the market during Forecast Period

Regular Non-Dairy Yogurt satisfies nutritional needs and tastes while providing consumers with the familiar flavor and texture of traditional yogurt as the demand for non-dairy substitutes rises. Regular Non-Dairy Yogurt offers a similar experience to dairy-based yogurt without the lactose or substances sourced from animals because of improvements in plant-based ingredients and manufacturing methods. This makes it a desirable choice for those who are lactose intolerant, vegans, and those looking for healthier options. Regular Non-Dairy Yogurt has a monopoly on the market because it satisfies both dietary requirements and familiarity, making it the preferred option for consumers looking for a filling and healthy Non-Dairy Yogurt alternative.

Based on Distribution Channel

Supermarkets/Hypermarkets Dominate the Non-Dairy Yogurt Market

The Non-Dairy Yogurt Market is segmented by distribution channel, which includes supermarkets/hypermarkets, specialty stores, online retail, and others. Supermarkets/hypermarkets are the dominant category in this segment owing to their wide availability and consumer preference. Supermarkets/hypermarkets offer a wide range of Non-Dairy Yogurt products from different brands and attractive discounts and promotional offers. Specialty stores such as health food and organic stores are gaining popularity among health-conscious consumers looking for Non-Dairy Yogurt made from organic and natural ingredients. Online retail is also gaining traction among consumers due to its convenience and easy accessibility, especially during the ongoing pandemic. Other categories of this segment, such as convenience stores and food service establishments, also contribute to the growth of the Non-Dairy Yogurt Market.

Based on Region

North America accounted for the Most Significant Revenue

North America is the largest region in the Non-Dairy Yogurt Market, accounting for the most significant global market share. This is due to the growing interest in plant-based diets and the increasing consumer awareness about the health benefits of non-dairy products, such as soy, almond, and coconut yogurt. Many consumers are embracing Non-Dairy Yogurt as a healthier alternative to traditional dairy yogurt, which has led to a rise in demand for these products in North America. The region is also witnessing a rise in veganism and vegetarianism, with consumers looking for plant-based alternatives for their dietary needs. As a result, the Non-Dairy Yogurt Market is expected to witness significant growth in North America in the coming years. Several new product launches have been observed in the region, with manufacturers introducing innovative flavors and varieties of Non-Dairy Yogurt to cater to the changing consumer needs.

Competitive Landscape

The global Non-Dairy Yogurt market is highly fragmented, with various small & large players. Manufacturers will use low-fat yogurt products’ strong position to promote Non-Dairy Yogurt goods during the anticipated period. During the COVID-19 issue, consumers' priority has been to increase their immunity. People rely on calcium and protein to improve their health because they are rich in essential lipids, amino acids, vitamins, minerals, and other nutrients. As a result of shifting consumer interests and tastes, manufacturers have expanded their product offerings to include organic and natural food items. Many large companies focus on buying smaller companies with experience and a reputation as industry leaders in specialized organic and natural industries. Yooga, for example, a California-based startup, has introduced plant-based yogurt in various unique flavors, like sea salt chocolate and golden turmeric milk. Companies can obtain a competitive advantage by using such ideas.

The key players in the global Non-Dairy Yogurt market include – The Hain Celestial Group Inc. (U.S.), Danone SA (France), Nestle SA (Switzerland), Chobani LLC (U.S.), Forager Project LLC (U.S.), Valio Ltd. (Finland), Stonyfield Farm Inc. (U.S.), Daiya Foods Inc. (Canada), Springfield Creamery Inc. (U.S.), The Coconut Collaborative (UK), COYO Pty Ltd. (Australia), GT's Living Foods LLC (U.S.) among others.

Recent Market Developments

• March 2022: The AYO firm introduced a new line of vegan yogurt by creating a "plain almond milk yogurt" in various flavors. Because the product is created from almonds that have been farmed, it is suitable for vegan or keto diet adherents. The item can also be applied to make dips, desserts, or smoothies.
• November 2022: Plant Veda, a renowned producer of dairy alternatives, unveiled its newest plant-based yogurt, "Plant Gurt," which contains millions of live probiotics and can be added to smoothies or breakfast cereals.
• January 2021: Leading plant-based company Califia Farms introduced a range of almond milk-based yogurt alternatives

Segmentation of the Global Non-Dairy Yogurt Market