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Non-dairy Yogurt Market Overview
Non-dairy Yogurt Market size is estimated to reach $8.22 Billion by 2026, growing at a CAGR of 14.51% during the forecast period 2021-2026. Non – dairy Yogurt are usually semi-solid food prepared from plant based sources like coconut, cashew and almonds. Non-dairy yogurt are said to have numerous health benefits which includes; weight loss, decrease in inflammation and improvement in metabolic rate. Growing demand for plant-based yogurts, increase in the investment by the major companies, rise in the standard of living, growing incidences of lactose intolerance and lactose sensitivity, and increase in the awareness about the health benefits of dairy-free yogurts among the customers are the factors that are set to drive the growth of the global market for the forecast period 2021-2026.
Report Coverage
The report: “Non-dairy Yogurt Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Non-dairy Yogurt Market.
By Source: Soya, Coconut, Cashew, and Others.
By Flavor: Plain, Strawberry, Pineapple, and Others.
By Distribution Channel: Supermarkets, Online Stores, Convenience Stores, and Others.
By Geography: North America, Asia-Pacific, Europe, and Rest of World (ROW).
Key Takeaways
- Geographically, Europe Non-dairy Yogurt Market accounted for the highest revenue share in 2020 and it is poised to dominate during the forecast period 2021-2026 owing to the growing demand for non-dairy flavoured yogurts.
- The gaining popularity of plant-based yogurts is driving the segment of soy-based yogurts.
- Fluctuating prices of ingredients used in the formulation of non-dairy yogurts is one of the major factors that is said to reduce the growth of the Non-dairy Yogurt Market.
- Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Non-dairy Yogurt Market report.
Non-dairy Yogurt Market Segment Analysis - By Source
The Non-dairy Yogurt Market based on the Source can be further segmented into Soya, Coconut, Cashew, and Others. The Soya segment held the largest share in 2020 owing to the factors such as soy-based yogurts are excellent source of proteins when compared to dairy-based yogurts and they also help in reducing cholesterol and maintaining sugar level in the body. The gaining popularity of plant-based yogurts is driving the demand for soy-based yogurts. Coconut segment is estimated to be the fastest growing segment during the forecast period 2021-2026. This is owing to the factors such as growing demand for organic products and increase in awareness regarding the benefits of coconut products.
Non-dairy Yogurt Market Segment Analysis - By Distribution Channel
The Non-dairy Yogurt Market based on the Distribution Channel can be further segmented into Supermarkets, Online Stores, Convenience Stores, and Others. Supermarkets segment held the largest share in 2020 owing to the factors such as increase in the investment by the major players, one-stop shopping experience and growing demand for convenience foods. The easy availability of choice of flavour and trustworthiness in the supermarkets is propelling the growth of the market. Online Stores is estimated to be the fastest-growing segment with a CAGR of 18.90% during the forecast period 2021-2026. This is owing to the factors such as advancements in technology, growing inclination towards sedentary lifestyle and rise in the disposable income of individuals.
Non-dairy Yogurt Market Segment Analysis - By Geography
The Non-dairy Yogurt Market based on Geography can be further segmented into North America, Asia-Pacific, Europe, and Rest of World (ROW). Europe held the largest share with 31.04% in 2020. The growth in this segment is owing to the factors such as growing demand for plant-based foods among customers, and rise in the disposable income of individuals. The growing demand for non-dairy flavoured yogurts in the region is propelling the growth of the market. Asia-Pacific is estimated to be the fastest growing segment during the forecast period 2021-2026. This is owing to the factors such as growing incidences of lactose intolerance and lactose sensitivity, increase in awareness about the health benefits of dairy-free yogurts and increase in the product launches and innovations.
Non-dairy Yogurt Market Drivers
Rise in the incidences of lactose intolerance and lactose sensitivity.
The rise in the incidences of lactose intolerance and lactose sensitivity among customers across the world has made the manufacturers to increase its investment in non-dairy products, which is estimated to enhance the growth of the Non-dairy Yogurt Market.
Growing demand for plant-based yogurts.
Customers across the world are shifting towards plant-based yogurts owing to the factors such as growing health consciousness, innovative product launches and increasing concern towards environment. This led to rapid increase in the growth of Non-dairy Yogurt Market.
Non-dairy Yogurt Market Challenges
Fluctuating prices of ingredients used in product formulation.
Fluctuating prices of ingredients used in the formulation of non-dairy yogurts is limiting the innovative product launches by the key players, which is one of the major factors that is estimated to reduce the growth of the Non-dairy Yogurt Market.
Non-dairy Yogurt Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Non-dairy Yogurt Market. Key companies of this market are The Hain Celestial Group Inc, Danone SA, Nestle SA, Chobani LLC, Valio Ltd, Stonyfield Farm Inc, Daiya Foods Inc, Springfield Creamery Inc, General Mills Inc, Whitewave Foods Company Inc among others.
Acquisitions/Product Launches:
- In 2020, Danone has launched its dairy-free yogurt drink range to create a smooth and creamy texture without dairy and to accelerate its push into the dairy-free market.
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1. Non-dairy Yogurt Market - Overview
1.1 Definitions and Scope
2. Non-dairy Yogurt Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Source
2.3 Key trends by Distribution Channel
2.4 Key trends by Geography
3. Non-dairy Yogurt Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Non-dairy Yogurt Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Non-dairy Yogurt Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Non-dairy Yogurt - Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Non-dairy Yogurt Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Non-dairy Yogurt Market – By Source (Market Size –$Million/$Billion)
8.1 Soya
8.2 Coconut
8.3 Cashew
8.4 Others
9. Non-dairy Yogurt Market – By Flavor (Market Size –$Million/$Billion)
9.1 Plain
9.2 Strawberry
9.3 Pineapple
9.4 Others
10. Non-dairy Yogurt Market – By Distribution Channel (Market Size –$Million/$Billion)
10.1 Supermarkets
10.2 Online Stores
10.3 Convenience Stores
10.4 Others
11. Non-dairy Yogurt Market - By Geography (Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Non-dairy Yogurt Market - Entropy
13. Non-dairy Yogurt Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Best Practices for Companies
14. Non-dairy Yogurt Market – Key Company List by Country Premium Premium
15. Non-dairy Yogurt Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Major Manufacturers Introduction Market 2023-2030 ($M)1.1 Manufacturers List Market 2023-2030 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2023-2030 ($M)
2.Global Major Manufacturers Introduction Market 2023-2030 (Volume/Units)
2.1 Manufacturers List Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2023-2030 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2023-2030 ($M)
3.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2023-2030 ($M)
4.South America Major Manufacturers Introduction Market 2023-2030 ($M)
4.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2023-2030 ($M)
5.Europe Major Manufacturers Introduction Market 2023-2030 ($M)
5.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2023-2030 ($M)
6.APAC Major Manufacturers Introduction Market 2023-2030 ($M)
6.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2023-2030 ($M)
7.MENA Major Manufacturers Introduction Market 2023-2030 ($M)
7.1 Manufacturers List Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2023-2030 ($M)
LIST OF FIGURES
1.US Non-dairy Yogurt Market Revenue, 2023-2030 ($M)2.Canada Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
3.Mexico Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
4.Brazil Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
5.Argentina Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
6.Peru Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
7.Colombia Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
8.Chile Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
9.Rest of South America Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
10.UK Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
11.Germany Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
12.France Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
13.Italy Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
14.Spain Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
15.Rest of Europe Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
16.China Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
17.India Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
18.Japan Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
19.South Korea Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
20.South Africa Non-dairy Yogurt Market Revenue, 2023-2030 ($M)
21.North America Non-dairy Yogurt By Application
22.South America Non-dairy Yogurt By Application
23.Europe Non-dairy Yogurt By Application
24.APAC Non-dairy Yogurt By Application
25.MENA Non-dairy Yogurt By Application