Non-dairy Yogurt Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Non-dairy Yogurt Market: Snapshot
The global non-diary yogurt market has been witnessing a considerable surge in its market size, thanks to the increasing awareness about the health benefits of non-diary yogurt among people across the world. The increasing consciousness among consumers regarding their health and wellness has translated in the demand for fat-free products. Since non-dairy yogurt is a very common and easily available fat-free food product, the demand for it is increasing consistently and is projected to touch new heights in the years to come.
Asia Pacific has emerged as the main regional market for non-dairy yogurt with a considerably large consumer base. The presence of a well-established food and beverage industry and it being the home to a number of world’s leading food producers, exporters, and importers, are also favoring the Asia Pacific market for non-dairy yogurt to a great extent. With a constantly expanding consumer base, this regional market is likely to remain on the top over the next few years. Europe and North America are also projected to witness a high rise in the demand for non-dairy yogurt in the years to come, thanks to a rising populace of health-conscious young consumers.
The competition within the global non-dairy yogurt market is likely to intensify over the next few years, thanks to the increasing number of vendors. The leading players in this market are likely to focus on presenting new products, diversified on the basis of flavors, product price, and nutrient content.
Global Non-dairy Yogurt Market: Overview
In the last few years, the non-diary yogurt products have gained immense popularity across the globe. The increasing awareness among consumers regarding the benefits of consuming non-dairy yogurt is anticipated to encourage the growth of the overall market throughout the forecast period. The research study provides an in-depth summary of the market and throws light on the growth aspects and opportunities. In addition, the barriers, challenges, and key segmentation of the market have also been discussed in the scope of the research report.
Global Non-dairy Yogurt Market: Key Trends
The introduction of new flavors and types is one of the major factor encouraging the growth of the non-dairy yogurt market across the globe. The rising popularity of vegan food has resulted in a substantial rise in demand for non-dairy yogurt, especially with the people who are lactose intolerant and allergic to milk. These factors are projected to accelerate the growth of the global market throughout the forecast period.
Global Non-dairy Yogurt Market: Market Potential
The rising demand for flavored yogurt across the globe is the key factor accelerating the growth of the non-dairy yogurt market across the globe. The nutritional value present in non-dairy yogurt is expected to boost the demand in the next few years. In addition to this, the rising health consciousness among people has resulted in a high demand for low-fat yogurt, which is predicted to generate promising growth opportunities for the global non-dairy yogurt market throughout the forecast period.
Global Non-dairy Yogurt Market: Regional Outlook
From a regional point of view, Europe is estimated to lead the global non-dairy yogurt market throughout the forecast period. The high consumption of non-dairy yogurt in the U.K. and France and the rising popularity of flavored yogurt is projected to encourage the growth of the market across Europe. Furthermore, Asia Pacific is anticipated to witness a promising growth in the coming years, thanks to the marketing and advertising activities being carried by the leading players in this region. In addition to this, the rising awareness among consumers regarding the benefits of consuming non-dairy yogurt and the rising disposable income of consumers are some of the other key factors projected to accelerate the growth of the market in Asia Pacific in the next few years.
Global Non-dairy Yogurt Market: Competitive Analysis
The global market for non-dairy yogurt is growing at a substantial rate and is expected to witness a high level of competition throughout the forecast period. The rising number of players projected to enter the market is likely to generate promising growth opportunities in the coming years. Some of the leading players operating in the non-dairy yogurt market across the globe are The Whitewave Foods Company, General Mills, Yoso, Coconut Grove Yogurt, Crunch Culture, The Hain Celestial Group, Inc., and COYO. These players are focusing on development of new product and innovations in order to attract a large number of consumers worldwide.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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