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Global Non-Dairy Yogurt Market Forecasts Robust Growth, Set to Reach $13.75 Billion by 2034

World 07.10.2024
Source: DairyNews.today
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The non-dairy yogurt market is poised for substantial growth, with market valuation expected to soar from USD 8.01 billion in 2024 to USD 13.75 billion by 2034, reflecting a CAGR of 5.60% over the forecast period. This expansion is largely driven by the increasing consumer preference for vegan and plant-based diets, which have spurred a significant rise in demand for dairy alternatives, according to Future Market Insights.
Global Non-Dairy Yogurt Market Forecasts Robust Growth, Set to Reach $13.75 Billion by 2034

As health consciousness rises globally, more consumers are turning toward plant-based diets, fueling the growth of non-dairy yogurt made from almond, coconut, soy, and oat bases. These products offer an attractive option for those with lactose intolerance, vegans, and health-conscious consumers who seek out nutritious alternatives to traditional dairy.

Key Market Drivers and Trends

1. Health-Conscious Consumers: With increasing awareness of lactose intolerance and dairy allergies, consumers are increasingly opting for non-dairy yogurt. These products provide essential nutrients, including probiotics and vitamins that support digestive health and overall wellness.

2. Flavor Innovation: Non-dairy yogurt brands are expanding their offerings with a variety of flavors, from classic fruit to unique tastes like salted caramel and matcha green tea, catering to evolving consumer preferences and enhancing product appeal.

3. Clean Label Demand: The clean label movement is driving consumer demand for non-dairy yogurts made with natural ingredients, free from artificial additives, preservatives, and other unwanted chemicals. Transparency and authenticity are becoming essential to brand success in this space.

4. Functional Ingredients: To appeal to health-conscious consumers, manufacturers are incorporating ingredients such as plant-based proteins, prebiotics, and superfoods to boost the nutritional value of non-dairy yogurts, which are increasingly seen as part of a balanced diet.

“Non-dairy yogurt is not just a trend; it represents a fundamental shift in consumer eating habits. The diverse range of flavors and nutritional benefits offered by plant-based yogurts positions them as a staple in modern diets,” explains Nandini Roy Choudhury, Client Partner at Future Market Insights.

Regional Insights and Growth Projections

  • U.S.: The non-dairy yogurt market in the U.S. is projected to grow at a CAGR of 4.8%, driven by heightened health awareness and a range of innovative product offerings.
  • India: With a forecasted CAGR of 6.8%, India’s non-dairy yogurt market is expanding rapidly, fueled by rising disposable incomes and growing health consciousness among consumers.
  • China: The market in China is expected to increase at a CAGR of 6.5%, supported by government initiatives promoting plant-based food production and local manufacturers meeting the demand for tailored, culturally relevant products.
  • Japan: Japan’s non-dairy yogurt industry is projected to grow at a CAGR of 5.8%, with a focus on innovative products incorporating health benefits such as probiotics and superfoods.
  • Germany: With a projected CAGR of 5.0%, Germany’s non-dairy yogurt market reflects a consumer shift towards quality and sustainability in food choices.

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