Reseller Abstract
Global Non-Dairy Yogurt Market: About this market
non-dairy yogurt market analysis considers sales from almond-based, soy-based, coconut-based, and others. Our analysis also considers the sales of non-dairy yogurt in APAC, Europe, North America, South America, and MEA. In 2018, the almond-based segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as multiple health benefits on the consumption of almond-based yogurt will play a significant role in the almond-based segment to maintain its market position. Also, our global non-dairy yogurt market report looks at factors such as rising number of product launches, increasing awareness about health benefits of non-dairy yogurt products, and growing prominence of vegan food. However, fluctuating prices of ingredients used in product formulation, stringent regulations related to marketing and labeling of non-dairy yogurt products, and an increasing number of product recalls may hamper the growth of the non-dairy yogurt industry over the forecast period.
Global Non-Dairy Yogurt Market: Overview
Increasing awareness about the health benefits of non-dairy yogurt products
There has been an increase in the demand for non-dairy yogurt formulated using natural, healthy ingredients. Rising awareness amongst the consumers about health implications of consuming artificial sugar and dairy products is leading the manufacturers to focus on plant-based, non-GMO products that provide high nutritional value. It helps in weight loss, proper digestive health, and immunity, and reduces the risk of antibiotic-associated with diarrhea. This will lead to the expansion of the global non-dairy yogurt market at a CAGR of 17% during the forecast period.
Rising innovations in product formulation
Vendors operating in the global non-dairy yogurt market are increasingly blending various combinations of plant-based and nut-based milk to formulate non-dairy products. Some innovative flavors and ingredients used in the product are acai, jackfruit, cranberry, pear, fig, kale, and hemp. These product innovations are expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global non-dairy yogurt market during the forecast period 2019-2023, click here.
Competitive Landscape
With the presence of several major players, the global non-dairy yogurt market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non-dairy yogurt manufacturers, that include Blue Diamond Growers, COYO Pty Ltd., Danone SA, Dean Foods Co., The Hain Celestial Group Inc.
Also, the non-dairy yogurt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.