Dairy-Free Yogurt Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Dairy-free yogurt is produced by fermenting plant-based or non-dairy milk such as soy milk, coconut milk, almond milk, cashew milk, etc., with a culture of active micro-organisms generally known as yogurt culture. Vegan or dairy-free yogurts contain prebiotics that essential for maintaining gut health and help in aiding the digestion process. Moreover, they are rich sources of proteins, vitamins, and minerals which enhance their nutritional value. Dairy-free yogurts are highly suitable for people suffering from lactose intolerance. Additionally, fitness enthusiasts that prefer consuming plant-based or non-dairy products largely demand for dairy-free yogurts.

MARKET DYNAMICS

Growing trend of consuming vegan or dairy-free products and rising number of people suffering from lactose intolerance across the globe are the crucial factors driving the market growth. Moreover, availability of variety of plant-based yogurts and shifting consumer preferences towards vegan products are the major factors expected to propel the market growth. Additionally, rising awareness about health benefits of dairy-free yogurts amongst fitness enthusiasts, sportspersons, and working population is one of the key factors anticipated to fuel the product demand in the forthcoming years.

MARKET SCOPE

The "Global Dairy-Free Yogurt Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the dairy-free yogurt market with detailed market segmentation by source, category, and distribution channel. The global dairy-free yogurt market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading dairy-free yogurt market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global dairy-free yogurt market is segmented into source, category, and distribution channel. By source, the dairy-free yogurt market is bifurcated into soy, almond, coconut, and others. By category, the dairy-free yogurt market is bifurcated into plain and flavored. By distribution channel, the dairy-free yogurt market is bifurcated into supermarkets & hypermarkets, convenience stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global dairy-free yogurt market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The dairy-free yogurt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the dairy-free yogurt market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the dairy-free yogurt market in these regions.

MARKET PLAYERS

The report covers vital developments in the dairy-free yogurt market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the dairy-free yogurt market are anticipated to lucrative growth opportunities in the future with the rising demand for dairy-free yogurt in the global market. Below mentioned is the list of few companies engaged in the dairy-free yogurt market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dairy-free yogurt market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Hain Celestial
  
•   Danone S.A.
  
•   General Mills Inc.
  
•   Stonyfield Farm, Inc.
  
•   Good Karma Foods, Inc.
  
•   Hudson River Foods
  
•   NANCY'S
  
•   Kite Hill
  
•   COYO Pty Ltd.
  
•   Chobani, LLC.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Dairy-Free Yogurt Report Scope