Dairy Free Yogurt Market

As it is made from plant sources, dairy-free yoghurt is also known as plant-based yoghurt or non-dairy yoghurt. It is a healthy and natural alternative to dairy yoghurt because it's free of dairy components, including lactose.Consumers are more interested about living a healthy lifestyle and are looking for items that are plant-based or vegan, have nutritional benefits, and a variety of other features. Companies have been influenced by this changing lifestyle to meet the needs of consumers looking for dairy-free alternatives or those who avoid dairy-based products owing to lactose intolerance or other medical reasons. Dairy-free yogurt is one of the goods that drive demand in the global market among consumers seeking dairy-free alternatives. Dairy-free alternatives derived from plant-based ingredients like as soy, oat, coconut, rice, and others have now gained traction in the market.

COVID-19 Impact analysis

• Many small-scale dairy-free yogurt manufacturers were severely harmed during the COVID-19 pandemic, as reliance on out-of-home channels was impossible for individuals due to lockdown in many nations.
• There has been a substantial shift in consumer behavior, which has created a fresh chance for mid- and large-scale manufacturers to expand their product sales in the third quarter of 2020.
• Key sales channels like as department stores were closed owing to lockdown restrictions, corporations reported a drop in revenues at the start of the year.
• Manufacturers are additionally affected by growth in agricultural raw material and packaging material costs, on top of dealing with these challenges.

Top Impacting Factors

• Consumers have become more interested in plant-based foods, such as dairy alternatives such as soy yoghurt. Furthermore, when compared to dairy-based yoghurt, these seed-based yoghurts are a great source of protein.
• Yogurt made from soy helps the body lower cholesterol and blood sugar levels. These advantages have boosted demand for soy-based vegan products and propelled the market forward.
• Over the predicted period, rice yoghurt is expected to have enormous potential.
• Customers have been flocking to the product since rice milk is thought to be the least allergic of all the dairy milk replacements.
• Furthermore, rice milk is enriched with vitamins A, D, and calcium, which meet nutrient requirements. Furthermore, rice-based yoghurt is naturally sweet, unlike other nut-based yoghurts that need sugar for bacteria culture.

Market Trends

Lactose Intolerance is on the Rise among People

The dairy-free yoghurt industry has grown due to a high prevalence of lactose intolerance in major developed and developing nations, increased consumer health consciousness, and growth in consumer choice for a vegan diet. The dairy-free yoghurt market's expansion is being stifled by price fluctuations in raw materials and high manufacturing expenses. Higher cost pricing is one of the primary difficulties that may hinder the expansion of the dairy-free yoghurt market. The dairy-free yoghurt market is likely to provide various chances for industry players due to the growth in awareness of the health benefits of eating dairy-free yoghurt and the development of new products.

Veganism is being taken up by many

During the projected period, the waves of vegetarianism are likely to have an impact on non-dairy yoghurt sales. Cashew, almond, pistachios, hazelnuts, coconut, and other nuts are being developed by manufacturers to extract milk for the making of yoghurt. Numerous seeds, such as hemp, soy, and flax, are also being considered as potential non-dairy yoghurt ingredients. Vegan yoghurt sales have skyrocketed as a result of this influence.Vegan yoghurt is a creamy and delicious non-dairy vegan dish that helps vegans to achieve their nutritional needs. It is made with plant-based ingredients and has a high amount of vitamins, minerals, amino acids, and vital lipids, which helps to reduce inflammation and boost metabolism. Vegan yoghurt is currently in high demand due to the growth in popularity of veganism and its accessibility in a variety of flavors such as vanilla, strawberry, raspberry, mixed berry, and others.

Key Benefits of the Report

• This study presents the analytical depiction of the dairy free yogurt industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dairy free yogurt market share.
• The current market is quantitatively analyzed to highlight the dairy free yogurt market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed dairy free yogurt market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Dairy Free Yogurt Market Report

• Who are the leading market players active in the dairy free yogurt market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• What is "dairy free yogurt market" prediction in the future?
• Which will be the niches at which players profiling with recent advancements should set a presence?
• What are the driving factors and opportunities in the market?
• What are the current trends and predicted trends?
• What are the challenges faced in the "dairy free yogurt market"?

 Dairy Free Yogurt Market Report Highlights