San Francisco, California, May 24, 2018 – The global non-dairy yogurt market is foretold to attain demand on the back of rising awareness about health benefits of consuming various products available in the industry. Market growth could increase with the launch of new types and flavors of non-dairy yogurt. People with milk allergy and lactose intolerance could raise the demand in the market at a substantial rate. Furthermore, growing popularity of vegan food is predicted to bode well for the market. In a report by TMR Research, the market is closely studied focusing on how different segments could shape in the near future. It is titled “Non-dairy Yogurt Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
Growth of the global non-dairy yogurt market is anticipated to gain impetus due to rich nutritional value of products offered to consumers and swelling demand for low-fat yogurt from health-conscious people. On the regional front, the market could witness the rise of Europe as a leading region relying on accelerated consumption of non-dairy yogurt in France and the U.K. On the other hand, strong advertising and marketing efforts taken by players operating in Asia Pacific are projected to offer scores of opportunities in the market. Moreover, rising disposable income of consumers in the region could help players to increase growth in the near term.
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There could be an intense level of competition in the global non-dairy yogurt market because of the presence of an increasing count of companies operating in the industry. Growth opportunities could be stimulated due to the entry of new players in the market. Most players are predicted to concentrate on innovation and new product development for the purpose of cementing their position in the market or draw a large count of consumers. The market marks the presence of leading companies such as General Mills and WhiteWave Foods.