Market Trends of non-dairy yogurt Industry
The significant rise in the vegan population, the growing lactose intolerant population, and the availability of innovative plant-based yogurt options drive the consumption of non-dairy yogurt.
- The consumption of different types of dairy alternative products is rising globally owing to a significant rise in the vegan population and the growing lactose-intolerant population. Even vegan exhibitions/trade shows and music festivals are conducted in different countries. For example, Australia has the third-highest percentage of vegans per capita globally. As of 2022, the country had 2.5 million vegans and vegetarians.
- In 2021, plant-based yogurt retail sales in the United States increased by 9%, i.e., three times more than traditional yogurt, reaching a 4.5% market share. Plant-based yogurt unit sales grew rapidly from 54% to 170 million units in 2021. Companies are taking innovative approaches to develop appetizing plant-based yogurts and introducing new flavors and combinations to meet the requirements of their vegan consumer base. Non-dairy yogurt consumption is anticipated to increase due to awareness about the advantages of plant-based foods in the market.
- Germany, France, and Italy have the highest per capita consumption of non-dairy yogurt. The growing popularity of dairy alternatives, primarily in Germany, has led to the rapid growth of plant-based yogurt. The demand for vegan yogurt is growing within the country, and domestic consumers, along with international consumers, are adopting veganism.
Understand The Key Trends Shaping This Market
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing demand for plant-based yogurt, driven by consumer interest in health, sustainability, and animal welfare, leading to a steady growth in the production of non-dairy yogurt globally.
