Dairy-free Yogurt Market

• Product launches in exciting flavor categories are driving the market growth

the consumer's interest in conventional products has been fading faster than ever, thus increasing the number of opportunities for the operating players to launch unique or innovative plant-centric products in the markets. The individuals residing in countries & regions, such as the U.S., U.K., India, Germany, Argentina, and many others, strictly follow the vegan trend, attributed to the flourishing demand for varied flavors or unfamiliar products in the Region. The startups, or other emerging players, plan to strengthen their product portfolio and develop sustainable products.

They are further anticipating the market CAGR growth of vegan products in the next few years.

Furthermore, Health Experts are also engaged in spreading awareness about the benefits of cultured yogurts, such as improved gut health or weight management, which is also found to be effective for the growth of dairy- alternatives. Besides yogurts, companies such as Notiva or Evolved Foods are also working towards enhancing their product portfolio by offering vegan ghee or plant-based meat to suffice the population's emerging demands. The sudden switch in the customer's diet towards vegan food leads to the increased demand for new tastes in the yogurt category, such as fruit-flavored yogurts.

Such advances in the product launch with various exciting flavors have emerged as one of the major trends attracting many consumers toward plant-based yogurt. They will help the market prosper in the coming years.

Additionally, the plant-based products market is strongly flourished due to the facilitating demand for multiple dairy alternative foods and beverages across the globe. Nowadays, Veganism has not just remained a dietary choice but also appears to be an element of a growing social movement related to animal welfare, animal rights, and sustainability. While Veganism is growing with the passing days, it still covers approximately 1% of the population.

However, since the COVID-19 pandemic, a growing graph has been observed in the vegan population's and flexitarians' growth. Moreover, developed regions, such as the U.S., Asia Pacific, and the U.K., widely accept the veganism culture. Thus, Indian companies such as Epigamia or Axia Foods invest in developing coconut yogurt, further captivating the customer's attention across the Region. In addition, food scientists believe that a vegan diet may be beneficial as a functional nutritional therapy in treating metabolic syndrome-related conditions such as obesity, cardiovascular disease, and diabetes and protecting against inflammatory diseases.Thus,these factors are driving the Dairy-free Yogurt market revenue.

Sustainability is becoming a pivotal factor influencing the Global Dairy-free Yogurt Market Industry. Consumers are increasingly prioritizing environmentally friendly products, leading to a preference for plant-based alternatives. Dairy-free yogurts, often made from almonds, coconuts, or oats, align with sustainable practices by reducing carbon footprints associated with dairy farming. This shift towards sustainability is not only a response to consumer demand but also reflects broader environmental concerns. As the market adapts to these trends, it is likely to see a compound annual growth rate of 4.45% from 2025 to 2035, indicating a robust future for dairy-free yogurt.

Innovation in flavor profiles is a key driver in the Global Dairy-free Yogurt Market Industry. Manufacturers are increasingly introducing a variety of flavors to cater to diverse consumer preferences. This includes traditional flavors such as vanilla and strawberry, as well as exotic options like mango and matcha. The introduction of unique flavor combinations not only attracts health-conscious consumers but also appeals to a broader audience, including those who may not typically choose dairy-free products. As a result, this diversification is expected to contribute to the market's growth, with projections indicating a rise to 15.9 USD Billion by 2035.

The rise in the global vegan population is a significant driver for the Global Dairy-free Yogurt Market Industry. As more individuals adopt vegan lifestyles, the demand for dairy-free alternatives continues to grow. This demographic shift is not only about dietary preferences but also reflects a broader cultural movement towards ethical and sustainable eating. The increasing number of vegan consumers is likely to bolster the market, as they seek out products that align with their values. This trend, combined with the overall growth of the dairy-free segment, suggests a promising future for dairy-free yogurt products.

The Global Dairy-free Yogurt Market Industry is poised for substantial growth, with projections indicating a market size of 9.83 USD Billion in 2024 and an anticipated increase to 15.9 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 4.45% from 2025 to 2035. Such figures highlight the increasing consumer acceptance of dairy-free alternatives and the industry's ability to innovate and adapt to changing preferences. The market's expansion reflects broader trends in health, sustainability, and dietary choices, positioning dairy-free yogurt as a key player in the evolving food landscape.

The Global Dairy-free Yogurt Market Industry is experiencing a surge in demand driven by increasing health consciousness among consumers. Individuals are becoming more aware of the health implications of dairy consumption, leading to a shift towards plant-based alternatives. This trend is particularly pronounced among lactose-intolerant individuals and those seeking to reduce cholesterol intake. As a result, the market is projected to reach 9.83 USD Billion in 2024, reflecting a growing preference for dairy-free options. The emphasis on health and wellness is likely to continue shaping consumer choices, further propelling the growth of the dairy-free yogurt segment.

The Global Dairy-free Yogurt Market Industry is benefiting from enhanced availability across various retail channels. Supermarkets, health food stores, and online platforms are increasingly stocking dairy-free yogurt products, making them more accessible to consumers. This expansion in distribution is crucial as it allows consumers to easily find and purchase dairy-free options, thereby driving sales. The convenience of online shopping has also played a significant role in this trend, as consumers can explore a wider range of products from the comfort of their homes. This increased availability is expected to support the market's growth trajectory in the coming years.

By Region, the study providesmarket insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Dairy-free Yogurt Market area will dominate this market; increased awareness about gluten-free products on a domestic level will remain an influential force in the upcoming years. Moreover, China’s Dairy-free Yogurt market held the largest market share, and the Indian Dairy-free Yogurt market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: DAIRY-FREE YOGURT MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's Dairy-free Yogurt market accounts for the second-largest market share due to the increased number of campaigns on social media and satellite television channels. It is projected to keep the dominance of the Region. Further, the German Dairy-free Yogurt market held the largest market share, and the UK Dairy-free Yogurt market was the fastest-growing market in the European Region.

North America is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the rising number of lactose intolerant people and growing consumer preference for a vegan diet has been driving the growth of the market in the Region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the dairy-free yogurt market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The dairy-free yogurt industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Dairy-free Yogurt industry to benefit clients and increase the market sector. In recent years, the Dairy-free Yogurt industry has offered some of the most significant medical advantages.

Major players in the Dairy-free Yogurt market, including The Coconut Collaborative (UK), Danone S.A. (France), Hain Celestial (US), Granarolo SpA (Italy), Forager Project (US), Springfield Creamery Inc. (US), Daiya Foods Inc. (Canada), Good Karma Foods Inc. (US), COYO Pty Ltd (Australia), NANCY'S (US), Lavva (New York), Whitewave Foods Company Inc. (US), Stonyfield Farm Inc. (US), General Mills Inc. (US)and others, are attempting to increase market demand by investing in research and development operations.

Danone S.A. is a French multinational food-products corporation based in Paris. It was founded in 1919 in Barcelona, Spain. It is listed on Euronext Paris, a CAC 40 stock market index component. Some of the company's products are branded Dannon in the United States. Danone S.A. launched the "Silk Kids Almond Milk Yogurt Alternative" plant-based yogurt specially formulated for children. The product comprises fava bean protein, almond milk, live & active cultures, and organic coconut oil and is fortified with Vitamin D and calcium to satisfy the children's nutrition.

The yogurt substitute is dairy-free, lactose-free, gluten-free, and peanut-free; available in three flavors: apple cinnamon, strawberry, and mixed berry.

Soyarich Foods Manufacturing began life as a manufacturing entity in 2010; it has since grown into a leading player in innovative food manufacturing in Pune, specializing in soya bean-based products such as Tofu (Soya Paneer), Soya Milk, Soya Nuts, and Soya Sweets. Soya Rich Foods also pioneered introducing fresh soya foods to Pune. India-Based Soyarich Foods announces the launch of a new-flavored plant-based alternative, "Yofu," available in varied flavors such as mango, cherry, and apple cinnamon. The product contains fruit pulps with no added colors or preservatives, thus suiting the vegan population for consumption.