Non Dairy Yoghurt Market Analysis Overview :
The non-dairy yoghurt market is anticipated to grow at a CAGR of 19.2% from 2022 to 2030, reaching USD 2.7 billion in 2021. The sector is being driven by both the rising demand for non-dairy products and the rise in the number of consumers who are lactose intolerant. Due to a variety of factors, including shifting consumer dietary preferences, including eating and drinking habits, and an increase in wellness consciousness, the non-dairy yoghurt market is growing.
Non-dairy yoghurt provides a number of health benefits, including the ability to reduce inflammation, quicken weight reduction, and increase metabolic rate. The increased prevalence of ailments like milk allergies among the general population in industrialised countries like Europe and North America is driving up consumer spending on plant-based products. The expansion of this market is anticipated to be significantly influenced by the growing trend toward decreasing greenhouse gas emissions while maintaining a high standard of non-dairy foods and beverages.
Non-dairy yogurt market has a direct impact caused by variables in demand owing to disruption in supply chain. During Covid-19 in 2020, there is tremendous disruption in overall food supply chain. Food and beverages raw material supply markets that are imperative to supplying of plant-based products such as soy, almonds, coconut, and others for manufacturing of non-dairy yogurt was stuck at different stages of distribution channels.
Top Key Players of the Non Dairy Yoghurt Market:
General Mills, Danone, Valio Ltd, Chobani, LLC, Forager Project, Daiya Foods Inc., Nancy’s (Spring Field Creamary), SunOpta, COYO Pty Ltd.
By Sources:
Soy Yogurt
Almond Yogurt
Coconut Yogurt
Oats Yogurt|
Others
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
Market Research Community provides extensive analysis of the size, share, major trends in each sub-segment of the Global Non-Dairy Yoghurt Market, along with forecasts at the global, regional and country level from 2022-2028.
Additionally, manufacturers of non-dairy yogurt were extensively impacted financially during the worst-hit months of the pandemic. The government announced a lockdown in the country in the first half of the year. This resulted in a temporary closure of agricultural process and supply of required ingredients for organically growing of food crops. Consequently, resulting in a decline of agricultural growth rate across the globe has impacted the demand and supply which has eventually impacted the manufacturing of non-dairy yogurt.
Non-Dairy Yoghurt Market is segmented by sources, flavours, distribution channel, and Region. By Sources, the market is segmented into Soy Yogurt, Almond Yogurt, Coconut Yogurt, Oats Yogurt and Others. by Flavours the market is segmented into Plain/Unflavoured and Flavoured. Flavoured type is further bifurcated as Berry, Vanilla, Chocolate and Others. by Distribution Channel the market is segmented into Offline, Convenience Store, Supermarkets and Hypermarkets, Specialty Store and Online. The report additionally covers the market size and forecasts for the Global Non-Dairy Yoghurt Market in 26 countries across major regions.
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The research is answerable to the following key questions:
- Where can business owners locate more potential customers during the forecast period, 2022 - 2030?
- How are the major vendors operating in the Non Dairy Yoghurt Market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
- How much are the customers willing to pay for the products and services?
- How much is the dimension of the Non Dairy Yoghurt Market catered by the major vendors?
- How often will the customers buy a product or service during the forecast period, 2022 - 2030?
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