Non-dairy yogurt is a type of yogurt that is made without any dairy ingredients, such as milk or yogurt cultures derived from dairy. Instead, it is typically produced from plant-based sources like almond, coconut, soy, or cashew milk, and it often contains live bacterial cultures that provide a fermentation process similar to traditional dairy yogurt. This allows people who are lactose intolerant, vegan, or following a dairy-free diet to enjoy a yogurt-like product with similar taste and texture. Increasing prevalence of lactose intolerance and rising veganism trend driving the non-dairy yogurt market growth across the globe.
Non-dairy yogurts are made from almond milk, soymilk, and coconut milk, which are free from lactose. Moreover, plant-based non-dairy yogurt has a similar texture, creaminess, and consistency to conventional yogurt. Moreover, plant-based non-dairy yogurts are fortified with protein, calcium, and other nutrients that meet the nutrient requirements of consumers on a daily basis. Thus, the growing prevalence of lactose intolerance and milk allergies among consumers is boosting the non-dairy yogurt market growth. Furthermore, the United Nations, PETA, Good Food Institute, and many other organizations believe that veganism can play a major role in saving the planet from the climate crisis. Awareness regarding the adverse effects of the livestock industry on the environment is rising among consumers. The growing consumption of plant-based dairy products helps minimize carbon footprints, save water and various other natural resources, and reduce the overall impact on the environment. Thus, rising veganism is driving the market growth. However, the cost of non-dairy yogurt is more than that of conventional yogurt due to the high raw material cost and high production and marketing expenses. This factor can hamper the non-dairy yogurt market growth.
The global non-dairy yogurt market is categorized on the basis of source, type, nature, distribution channel, and geography. Based on source, the non-dairy yogurt market is segmented into soy, almond, coconut, oat, and others. Based on type, the market is bifurcated into flavored and plain. In terms of nature, the market is divided into organic and conventional. Based on distribution channel, the non-dairy yogurt market is categorized into supermarkets & hypermarkets, convenience stores, online retail, and others. The market, based on geography, is categorized into North America (Canada, US, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), South & Central America (Brazil, Argentina, and Rest of South & Central America), and Middle East & Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa).
Based on source, the non-dairy yogurt market is segmented into soy, almond, coconut, oat, and others. The coconut segment holds a significant share of the market. Consumption of coconut-based products among consumers is increasing with a growing preference for healthier dairy alternatives. Coconut-based dairy alternatives are natural and organic and provide several health benefits to consumers. For instance, coconut milk helps promote good cardiovascular health, and its organic nature has anti-inflammatory, anti-microbial, and anti-fungal properties. Thus, all these factors are expected to fuel the market for the coconut segment during the forecast period.
Based on geography, the non-dairy yogurt market is categorized into five key regions—North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global non-dairy yogurt market was dominated by Europe in 2022; and the market was valued at US$ 922.60 million. North America is the second major contributor to the market, which holds ~20% of the global market. Asia Pacific is expected to record a CAGR of 13.2% in the non-dairy yogurt market during the forecast period. The non-dairy yogurt market in Asia Pacific is significantly growing due to the changing lifestyles of consumers and an increase in the consumption of clean-label, organic, and gluten-free products. The market in the region is also undergoing a remarkable transformation due to increased urbanization, diet diversification, and the legalization of foreign direct investment in the food sector. These factors are expected to boost the demand for non-dairy yogurt in Asia Pacific during the forecast period.
Moreover, North America is one of the most significant regions for the non-dairy yogurt market due to the rising number of individuals opting for healthier alternatives to dairy products. Per the data from Cleveland Clinic, in 2019, 36% of Americans were lactose intolerant. This showcases that North Americans prefer to consume plant-based products, accelerating the demand for non-dairy products such as yogurt. With the rising number of health-conscious consumers, growing environmental concerns, and the increasing trend of plant-based diets, plant-based yogurt is becoming more popular in the region.
Various initiatives taken by key players operating in the non-dairy yogurt market are listed below:
The regional trends and factors influencing the Non-Dairy Yogurt Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Non-Dairy Yogurt Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2.46 Billion |
| Market Size by 2030 | US$ 5.91 Billion |
| Global CAGR (2022 - 2030) | 11.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Non-Dairy Yogurt Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Non-Dairy Yogurt Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020.
During the COVID-19 pandemic, the dietary preferences of consumers changed significantly, with many consumers switching to plant-based diets. The demand for dairy alternatives increased significantly during the pandemic due to increased health and wellness concerns. Thus, owing to a rise in health consciousness, the demand for non-dairy yogurt has surged during the pandemic. However, as the manufacturing units remained shut, a production shortfall created a gap between the demand and supply sides. Manufacturers with high product inventories cater to the increasing demand; however, small-scale and mid-scale manufacturers lack product inventories that incur financial losses. These factors negatively impacted the non-dairy yogurt market size.
In 2021, various economies resumed operations as several governments announced relaxation in the previously imposed restrictions, which positively impacted the global marketplace. Moreover, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap.
A few of the major players operating in the global non-dairy yogurt market include The Hain Celestial Group Inc, Danone Sa, Springfield Creamery Inc, Lyrical Foods Inc, Coyo Pty Ltd, Valio Ltd, Oatly Group Ab, Daiya Foods Inc, Forager Project LLC, and Harmless Harvest Inc. These market players are adopting strategic development initiatives to expand, further driving the market growth.
The List of Companies - Non-Dairy Yogurt Market
The major players operating in the global non-dairy yogurt market are The Hain Celestial Group Inc, Danone Sa, Springfield Creamery Inc, Lyrical Foods Inc, Coyo Pty Ltd, Valio Ltd, Oatly Group Ab, Daiya Foods Inc, Forager Project LLC, and Harmless Harvest Inc. among few others.
Consumers prefer products made with natural and ethically sourced ingredients due to a focus on holistic and conscious food consumption. Thus, increasing demand for organically sourced products would create lucrative opportunities for the non-dairy yogurt market during the forecast period.
Based on the source, the coconut segment accounted for the largest revenue share as consumption of coconut-based products among consumers is increasing with a growing preference for healthier dairy alternatives.
Increasing prevalence of lactose intolerance and strategic development initiatives by manufacturers are some of the key driving factors for the non-dairy yogurt market.
Based on category, online is the fastest-growing segment in the non-dairy yogurt market. Online portals such as Amazon, offer various benefits such as home delivery, various secure payment options, attractive discounts, and convenience for customers.
Europe accounted for the largest share of the global non-dairy yogurt market as the popularity of plant-based dairy products is increasing in Europe due to the shift in consumer demand from animal protein to plant protein.