Non-dairy Yogurt Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Deerfield Beach, FL -- (SBWIRE) -- 09/06/2017 -- Global Non-dairy Yogurt Market: Overview
The yogurt that is not produced using milk, that means it does have lactose content is referred as non-dairy yogurt. The non-dairy yogurt is consumed by the consumers that are intolerant to lactose. The non-dairy yogurt will gain huge demand due to its health benefits. It has the following benefits such as protection from free radicals, helps in increasing the metabolism which in turn leads to weight loss, minimizes inflammation, and improves the bowel function. It also helps in absorbing the minerals. Non-dairy yogurt is rich in vitamins, amino acids, minerals, and essential fats, thus helping in having healthy skin and hair.
Global Non-dairy Yogurt Market: Segmentation
The market for non-dairy yogurt is globally fragmented into its applications, type, and distribution channel. On the basis of applications, the market is segregated into a frozen dessert, food, beverages, and others. The food segment is the application which is contributing the highest market share in the global market. Based on the type, the market is categorized into soy yogurt, cashew yogurt, coconut yogurt, and others. The soy yogurt has the highest demand in the global market. Depending on the distribution channel, the market is segmented into convenience stores, supermarkets/hypermarkets, specialist stores, independent retailers, mass merchandisers and others.
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Global Non-dairy Yogurt Market: Growth Factors
There is a high demand for flavored yogurt among the consumers which is driving the market. Moreover, the nutritional values of the yogurt are also attracting the consumers thus increasing its demand. The non-dairy yogurt products are mainly used by the consumers who are milk allergic. Hence, it has obtained a good position in the global market of yogurt. The increase in the health consciousness among the consumers has shifted their focus towards low-fat yogurt. All these factors are positively affecting the non-dairy yogurt market. The vegan consumers are preferring the use of nondairy yogurt along with the people who are intolerant to lactose and are allergic to milk, thus propelling the market growth.
Global Non-dairy Yogurt Market: Regional Analysis
The geographical segmentation of the global non-dairy yogurt market is diversified into Latin America, North America, Western Europe, Eastern Europe, the Middle East and Africa, and Asia Pacific. Europe holds the dominant place in the global market; this dominance is in terms of market value. In the countries such as France and the U.K., there is an increased consumption of the flavored yogurt, thus increasing the revenue share of the European non-dairy yogurt.
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The market for the non-dairy yogurt ingredients market is anticipated to increase in the Asia-Pacific region in the coming years. The factors contributing to the market growth in the Asia-Pacific region are the growing awareness among the consumers with regards to the health benefits of the nondairy yogurt along with the rise in the disposable income.
Global Non-dairy Yogurt Market: Competitive Players
The key market players that are involved in the nondairy yogurt market include Coconut Grove Yogurt, Yoso, The Whitewave Foods Company, The Hain Celestial Group, Inc., General Mills, COYO, Crunch Culture, and others.
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