World 01.02.2024

Non-Dairy Yogurt Global Market: A $9.14 Billion Market by 2028

Source: The DairyNews
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Global interest in non-dairy yogurt is witnessing a surging trend, with a newly published detailed market analysis report contributing valuable insights about growth trajectories, innovative product developments, and regional market dynamics, ResearchAndMarkets.com writes.
Non-Dairy Yogurt Global Market: A $9.14 Billion Market by 2028
As the consumer paradigm shifts toward plant-based diets, stakeholders are meticulously crafting strategies to navigate and leverage the growing demand.

The report explores the non-dairy yogurt market, providing an in-depth look at the driving forces behind the notable industry expansion. This includes an analysis of consumption patterns, emerging trends, and strategic actions by leading market players. Covering a wide array of non-dairy yogurt types, such as almond, soy, oat, and coconut bases, the research underscores the sector's diversification.

The increase in the non-dairy yogurt market size is attributed to various factors, including significant population segments with lactose intolerance, heightened health consciousness among consumers, and the pivoting preference towards vegan and plant-based lifestyles.

The report highlights the impressive projected growth from $4.24 billion in 2023 to $9.14 billion by 2028, hinting at the escalating demand for plant-based alternatives across the globe. Asia-Pacific is pinpointed as the fastest-growing region, adding a vital dimension to the existing market dominance of Western Europe, as indicated in 2023 statistics.

The non-dairy yogurt landscape is heavily impacted by the introduction of novel products and strategic movements among major industry players. This report sheds light on recent product launches, spotlighting innovation in taste profiles, respectful sourcing of ingredients, and health-enhancing features of non-dairy yogurt offerings.

Disruptive innovations like organic coconut milk yogurt tubes demonstrate the sector's response to the consumer's call for convenience and sustainability.
Impacts of recent mergers and acquisitions reveal the strategic intent to strengthen market position and expand plant-based product lines.
Aaron Smith
Aaron Smith
Professor of Agricultural and Resource Economics at the University of California
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Dr. Sylvain Charlebois
Dr. Sylvain Charlebois
senior director of the agri-food analytics lab and a professor in food distribution and policy at Dalhousie University.
‘Lab-grown’ animal-free dairy protein receives approval, paving the way for sustainable alternatives in the dairy industry.
February 2024
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