Europe's Non-Dairy Yogurt Market Poised for Robust Growth, Projected to Double by 2030
Source: The DairyNews
The Europe non-dairy yogurt market, valued at US$ 922.60 million in 2022, is projected to reach US$ 2,069.70 million by 2030, growing at a compound annual growth rate (CAGR) of 10.6% from 2022 to 2030, according to ResearchAndMarkets.com.
The increasing popularity of organic and natural products, driven by their perceived health benefits, is a key factor propelling market growth. Health-conscious consumers are becoming more discerning about the ingredients in processed foods, showing a willingness to pay premium prices for products free from synthetic additives. The proliferation of online health information has heightened consumer awareness, boosting demand for organic products. This trend has prompted manufacturers to invest heavily in products made with organic and ethically sourced ingredients, creating lucrative opportunities in the non-dairy yogurt market.
The European non-dairy yogurt market spans Germany, France, Italy, the UK, Russia, and other European regions. The rise in health consciousness and the growing vegan movement have established Europe as a significant market for plant-based dairy alternatives. Consumers are increasingly opting for lactose-free foods, citing benefits such as the antioxidant properties of dairy-free yogurt. According to the "Smart Protein Project report," Germany's plant-based food sales value surged by 97% from 2018 to 2020, with sales volume up by 80%. This shift is further fueled by heightened awareness of animal welfare.
Several factors, including sustainability concerns, health awareness, ethical or religious beliefs, environmental issues, and animal rights, are driving the shift from animal protein to plant protein. The World Health Organization (WHO) states that consuming natural fats and proteins, such as those found in coconut and soy, offers multiple health benefits, including improved gut health.
The growing consumer preference for plant-based dairy products has spurred manufacturers to pursue growth strategies like product development and business expansion. In 2020, Danone, a France-based company, launched a dairy-free yogurt drink range, enhancing its dairy-free market presence. This initiative aimed to provide vegan consumers with smooth and creamy non-dairy options, expanding Danone's product line and global business scope. Consequently, the demand for non-dairy yogurt in Europe is expected to rise significantly during the forecast period.
Europe Non-Dairy Yogurt Market Segmentation:
The Europe non-dairy yogurt market is segmented based on source, type, nature, and distribution channel:
Source: Almond, soy, coconut, oat, and others, with the coconut segment holding the largest share in 2022.
Type: Flavored and plain, with the flavored segment dominating in 2022.
Nature: Organic and conventional, with the conventional segment leading in 2022.
Distribution Channel: Supermarkets & hypermarkets, convenience stores, online retail, and others, with supermarkets & hypermarkets having the largest share in 2022.
Country: Germany, France, UK, Italy, Russia, and the Rest of Europe, with the Rest of Europe dominating the market in 2022.
Key players in the Europe non-dairy yogurt market include The Hain Celestial Group Inc., Danone SA, Valio Ltd, Oatly Group AB, and Daiya Foods Inc.
The European non-dairy yogurt market spans Germany, France, Italy, the UK, Russia, and other European regions. The rise in health consciousness and the growing vegan movement have established Europe as a significant market for plant-based dairy alternatives. Consumers are increasingly opting for lactose-free foods, citing benefits such as the antioxidant properties of dairy-free yogurt. According to the "Smart Protein Project report," Germany's plant-based food sales value surged by 97% from 2018 to 2020, with sales volume up by 80%. This shift is further fueled by heightened awareness of animal welfare.
Several factors, including sustainability concerns, health awareness, ethical or religious beliefs, environmental issues, and animal rights, are driving the shift from animal protein to plant protein. The World Health Organization (WHO) states that consuming natural fats and proteins, such as those found in coconut and soy, offers multiple health benefits, including improved gut health.
The growing consumer preference for plant-based dairy products has spurred manufacturers to pursue growth strategies like product development and business expansion. In 2020, Danone, a France-based company, launched a dairy-free yogurt drink range, enhancing its dairy-free market presence. This initiative aimed to provide vegan consumers with smooth and creamy non-dairy options, expanding Danone's product line and global business scope. Consequently, the demand for non-dairy yogurt in Europe is expected to rise significantly during the forecast period.
Europe Non-Dairy Yogurt Market Segmentation:
The Europe non-dairy yogurt market is segmented based on source, type, nature, and distribution channel:
Source: Almond, soy, coconut, oat, and others, with the coconut segment holding the largest share in 2022.
Type: Flavored and plain, with the flavored segment dominating in 2022.
Nature: Organic and conventional, with the conventional segment leading in 2022.
Distribution Channel: Supermarkets & hypermarkets, convenience stores, online retail, and others, with supermarkets & hypermarkets having the largest share in 2022.
Country: Germany, France, UK, Italy, Russia, and the Rest of Europe, with the Rest of Europe dominating the market in 2022.
Key players in the Europe non-dairy yogurt market include The Hain Celestial Group Inc., Danone SA, Valio Ltd, Oatly Group AB, and Daiya Foods Inc.
