Non-dairy Yogurt Market Analysis

Non-dairy Yogurt Market Analysis

Based on raw material, non-dairy yogurt market share from the soy yogurt segment is anticipated to reach over USD 1.6 billion by 2032. Soy yogurt is produced using soy milk and is available in several forms, including spoonable servings and drinkable varieties. It is recognized as a plentiful source of protein and has a similar nutritional value as dairy products. Due to allergies or food intolerances, consumers are adopting new buying and eating habits like purchasing plant-based products and incorporating a lifestyle that can prevent the consumption of ingredients that can lead to conditions like gastrointestinal issues. Innovations in product taste, quality, and variety will drive consumer interest in crop-based products like soy yogurt.
 

Regular non-dairy yogurt market is anticipated to witness over 12% CAGR from 2023-2032. Regular non-dairy yogurts have become more popular due to their high nutritional content, simple raw material availability, and increased commercial attractiveness. Plant-based milk, including soy, almond, coconut, oat, and cashew, is mainly used to make regular yogurt products. Since it lacks sweetening and flavoring ingredients, the product is often referred to as unsweetened. It is a good option for diabetes patients who require a sugar-free yogurt alternative. Growing customer demand for a healthy lifestyle would accelerate the purchase of plant-based functional products.
 

Non-dairy yogurt market share from organic nature segment is poised to exceed USD 4.5 billion by 2032. Natural and unprocessed raw materials are essentially used in making organic non-dairy yogurt. Manufacturers of these yogurts are required to adhere to strict regulations and meet the high-quality standards established by regulatory or governmental agencies. Expanding consumer awareness regarding the health benefits of consuming organic food and the increasing popularity of non-GMO, clean-label products should elevate the demand for organic non-dairy yogurt.
 

Europe non-dairy yogurt market is projected to expand at over 13.5% CAGR from 2023-2032. A rise in the vegan population in the region will boost product demand as well as create new growth prospects for plant-based product manufacturers. Innovations and developments in plant-based products to enhance the taste and texture will boost product acceptance in the region. Furthermore, the increasing prevalence of lactose intolerance in the European population will influence regional market trends.