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Dairy Free Yoghurt Market Segmented By Soy Yoghurt, Rice Yoghurt, Oats Yoghurt, Almond Yoghurt, Coconut Yoghurt, Pea Yoghurt Product Type in Vanilla, Cranberry, Peach, Raspberry, Carrot, Mixed berry Flavour
According to the latest research by Persistence Market Research, dairy free yoghurt market is set to have a steady growth during 2021-2031. Increasing demand for dairy free products among the health-conscious customers and growing world population, mainly the emerging of the new middle-class population in the Latin America, Asia Pacific, and Africa will offer a steady growth opportunity for the market.
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Dairy free yogurt is a natural alternative to the standard yogurt, which is mainly produced from plant-based ingredients or sources such as different types of vegetable, soy, coconut, oat and others. The changing choice of consumers towards healthier lifestyle is influencing the companies to satisfy their customers with more nutrients rich products which are produced from plants.
These dairy free yogurts also come in different flavours such as raspberry, strawberry, chocolate, almond and others. The flavours depend mainly on the market region in which dairy free yoghurt is located and also depends on its manufacturers.
The factor which is driving the market growth of dairy free yoghurt is the high prevalence of lactose intolerant consumers, health-conscious customers and increasing consumer preference towards vegetarian diet. Dairy free yogurt does not contain any diary ingredients, so it is free from lactose. Thus, it is a good alternative for people who are dairy allergic, lactose intolerant or suffering from any other medical problems.
The increasing demand for dairy-free yogurt as on-the-go breakfast product is also a factor for increasing its market growth in convenience food market. Dairy free yoghurt market is also driven due to its benefits from nutrient rich ingredients. Another factor which led to the increase in the market growth of dairy free yogurt is the growing urban population and consumers belonging to the high-income level group.
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Get a Customized VersionThe Covid-19 pandemic on one side has accounted for a high surge in demand of dairy free products like dairy free yoghurt in retail sector and on the other also resulted in a disruption of supply chains. Still the pandemic has brought optimistic and favorable market growth opportunities for this product and its variants.
The highest demand observed was in household sector and healthcare industry. The demand is expected to increase steadily over the forecast period due to the shift of consumers towards nutritional foods and focus of the customers increasing on immunity.
Europe has one of the largest markets for dairy free products around the world. Besides, it is one of the largest exporters of dairy free products. There is a high presence of manufacturers and suppliers in the Europe, and because of the rise in the demand for plant-based ingredients among health-conscious consumers, Europe is anticipated to have a major market presence in the dairy-free yogurt market during the forecasted period.
Major players in Europe also utilizes new product innovation and focuses on new product launches. Due to this product innovation the market players are able to produce dairy free yoghurt which are creamier and more delicious than standard yoghurt.
Advance technologies used by European manufacturers operating in the dairy free yogurt market to have a competitive edge over their competitors in the market. European customers are open to new product development and adopts new food trends compared to any other region. Besides, there is a high prevalence of consumers in Europe who are lactose intolerant or dairy allergic, this has led to the rise in the demand of dairy free products in Europe.
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There is a presence of a lot of developing countries in the region that are looking for dairy free alternative products, especially dairy free yoghurt. The Asian major market players have plans to develop, produce and promote the use of dairy free products for household uses as well as for healthcare. Dairy free yoghurt being a source of nutrient-rich content is preferable to health-conscious consumers due to its health benefits and low-fat content.
Asia Pacific region is estimated to have a high market growth during the forecast period because of the high rate of urbanization, increasing population and consumers awareness about health. Increase in the number of vegan consumers in this region, is expected to increase the market growth of dairy free yoghurt as more customers would prefer yoghurt produced from vegetables like carrot, beet root and numerous seeds and nuts like cashew, hazelnuts, almonds, coconuts, soy and others.
Asia Pacific region have high density of farmers growing vegetables and nuts, which is another factor for increasing the market size of dairy free alternatives in Asia Pacific region. Companies are also focusing on different strategies like partnership, mergers, acquisitions and collaborations to increase their market share.
Some of the leading manufacturers and suppliers of dairy free yoghurt include:
Key manufacturers like Danone SA, Forager Project LLC and others are focusing on the expansion of their production facilities as well as strategic alliances/partnerships with regional food manufacturers, and foodservice providers in Western Europe, Asia Pacific, and the Middle East, to increase their market presence and product offerings in the global market.
Additionally, leading manufacturers are focused on increasing the production of organic and low-fat dairy free yoghurt. Also focused on investing research & development to innovate new and healthy dairy free yoghurt products with different flavours and ingredients. The companies are inclining towards an increasing portfolio of plant-based yoghurt products.
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By Flavour
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
