Global Non-Dairy Yogurt Industry valued approximately USD 4.60 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.75% over the forecast period 2019-2025. The Non-Dairy Yogurt Industry is continuously growing in the global scenario at significant pace. The yogurt is not produced by milk, that means it consists of lactose content and that is referred as non-dairy yogurt. The non-dairy yogurt is consumed by the people who are intolerant to lactose. The non-dairy yogurt is gaining huge demand because of its health benefits. It has various benefits like it helps in increasing the metabolism which in turn leads to weight loss, protection from free radicals, minimizes inflammation, helps in absorbing the minerals and improves the bowel function. Non-dairy yogurt is rich in vitamins, amino acids, minerals and essential fats, thus helping in having healthy skin and hair. High demand for flavored yogurt among the consumers, increase in the health consciousness and rising people who are intolerant to lactose and are allergic to milk are the substantial driving factors of the Industry during the forecast period. Additionally, high demand for flavored yogurt among the consumers is also aiding the growth in the Industry during the forecast period. Moreover, introduction of new flavor and types is the factors that likely to create numerous opportunity in the near future. However, lack of strong distribution channel is one of the major factors that limiting the growth of the Industry during the forecast period.
The regional analysis of Global Non-Dairy Yogurt Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share due to increasing demand for flavored yogurt and growing demand from food & beverage industries in the region. North America is estimated to grow at significant growth rate in the global Non-Dairy Yogurt Industry over the upcoming years. Further, Asia-Pacific is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to rising health awareness among people and rising disposable income in the region.
Non-Dairy Yogurt Industry Share and Size by 2019-2025
Non-Dairy Yogurt Market Segmentation:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Non-Dairy Yogurt Market are as follows:
Coconut Grove Yogurt
The Whitewave Foods Company
The Hain Celestial Group