Dairy-free Yogurt Market Size, Growth | Competitive Landscape and Forecasts to 2030
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Dairy-Free Yogurt Market Overview:
The global dairy-free yogurt market is all set to score past
the predicted valuation mentioned in the Market Research Future (MRFR) reports.
This growth will be impressive during the forecast period of 2022 to 2030. The
report also traced several factors that can boost the market outcome.
The Dairy-free
Yogurt Market Size is projected to grow at a CAGR of 5.10% through
2030 with a projection value US$ 12.5 Bn by 2030.
These factors are growing veganism, rise in incidents with
lactose intolerance, surge in awareness regarding plant-based food benefits,
better standard of disposable income, improved packaging and branding,
increasing reach of products using various distribution channels, and others.
People who want to stay safe by not getting any allergies from dairy products
will opt for this product, which will boost the outcome.
Regional Analysis:
The global market is getting dominated by North America The
regional market has several brands that are offering a huge variety of
products. This is helping players to lure in a high number of customers who
will promote the market expansion. Also, technology, growing awareness
regarding benefits from plant-based food, and others are creating a huge
opportunity for the market to expand. Europe has similar provisions and it will
grow in countries like France, Germany, the UK, Italy, Spain, and others.
In the Asia Pacific region, growing veganism is helping
companies to expand their reach and ensure more profit margin.
Competitive Landscape:
There are several companies in the dairy-free yogurt market
who are making changes in their strategic positioning to facilitate growth for
the market. These companies are COYO Pty Ltd (Australia), Danone S.A. (France),
The Coconut Collaborative (UK), Forager Project (US), Good Karma Foods, Inc.
(US), Lavva (New York), Daiya Foods Inc. (Canada), NANCY'S (US), Granarolo SpA
(Italy), Hain Celestial (US), and others. The tactical measures adopted by
these companies mostly include mergers, collaborations, hike in funding for
research and development, better packaging and branding, innovation in product
range, launching, acquisitions, and others. MRFR assessed the latest moves
taken by these players to get a good overview of the market that may help in
further understanding of the flow.
Segmentation:
The global Dairy-Free
Yogurt Market Overview, as discussed by MRFR,has segmentation like
category, distribution channel, packaging type, and product type. These
segments include various figures derived from a close study of the market and
its various dynamics, which can help in better assessment of trends.
By product type, the global market for dairy-free yogurt can
be segmented as coconut, almond, rice, soy, and others. The soy segment has
substantial taker as it is quite popular among vegans.
By category, the global report on the dairy-free yogurt
market can be segmented into conventional and organic. Increasing health
awareness is providing ample scope to the organic segment of the market.
By packaging type, the report on the global dairy-free
yogurt market can be segmented into pouches, tubs, and others.
By distribution channel, the study on the global dairy-free
yogurt market includes store based and
non-store based. The store based segment comprises convenience stores,
hypermarkets & supermarkets, and others. As a one-stop solution, the
store-based segment is getting substantial traction.
Industry News:
In April 2020, So Delicious Dairy Free launched a new yogurt
line with coconut milk flavor that comes with a delectable blend of toppings
and coconut milk as the base of it. The brand has a market expertise of around
30 years using which they are constantly experimenting to grab new
opportunities of expanding their business. The new line has 4 different
toppings like coco almond, spiced blueberry, salted caramel, and lime pie
combination. These will help the brand in grabbing attention.
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