The growing demand of dairy-free options for yogurts derived from plant-based ingredients is a key factor driving the growth of the dairy-free yogurts market. The rising population that is lactose-intolerant has substantially added to the demand for dairy-free yogurts. A large number of purported health benefits dairy free yogurts come with have stoked their popularity in worldwide populations. The absence of saturated fat and cholesterol dairy-free alternatives of some yogurts come with is an attractive proposition for its demand.
A report by Transparency Market Research (TMR) offers a holistic insight encompassing the various market dynamics, emerging competitive landscape, and major industry developments shaping the growth trajectory over the forecast period of 2017–2025. The report is titled “Dairy Free Yogurts Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”
The demand for the dairy-free yogurts is also boosted by the presence of nutrient dense properties the different varieties can have. The aspect makes these options highly preferable to meet special health needs of the global population. The vast probiotic benefits that dairy-free yogurts are capable of offering is bolstering their demand among a large section of health-conscious population.
Innovation in texture and flavor brought about by manufacturers of dairy-free yogurts are opening new, exciting avenues in the global market. Constant advancements in formulation also augurs well for the market. The lack of clarity about the choice among consumers who consider yogurts as staples may hinder the demand to an extent. The other factor that may dampen their uptake is the presence of certain ingredients that may be allergic to consumers.
Nevertheless, the growing awareness of the health benefits that non-dairy yogurts come with will help sustain burgeoning demand in the years to come. The growing volume of population suffering with problems related to lactose intolerance across various regions will bolster the consumption over the assessment period.
Regionally, non-dairy yogurts are witnessing substantial demand among consumers in North America and Eastern Europe. Meanwhile, the demand is expected to be potentially promising in emerging regions such as that of Asia Pacific. The rising level of awareness about the non-dairy option for yogurts and the rapidly changing consumer taste, driven by swift pace of urbanization, will increasingly support the demand dairy-free yogurts across the region. The
The rising use of organic ingredients is also generating fresh opportunities for market players to capitalize on. For instance, the advent of dairy-free yogurts that contain organic evaporated cane juice is a case in point. Furthermore, constant innovations in packaging used for various non-dairy yogurts is a recent trend expected to pave way for new revenue streams for market players.
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Some of the prominent players operating in the dairy free yogurts market include Daiya Foods Inc., Yoplait USA, Inc., and Granarolo Group.