An Incisive, In-depth Analysis on the Non Dairy Yogurt Market
This study offers a comprehensive, 360 degree analysis on the Non Dairy Yogurt market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Non Dairy Yogurt market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Growth Influencers - Non-Dairy Yogurt Market
Increasing Incidences of Lactose Intolerance and Lactose Sensitivity
According to the study published by National Institute of Health in 2019, approximately 65% of the global population is lactose intolerant and the study of Food Allergy Research & Education in 2019 says, about 2.5% of children below the age of three are allergic to milk. Ingredients such as soy, almond, coconut, oat, rice and many other are finding increasing adoption in processing of nondairy yogurt products. Soy based yogurt contributed the most i.e approximately 80%, among all product ranges of Non-Dairy Yogurt past five years.
Novel and Exotic Flavors Attracting Consumers
Currently, the trend of exotic and novel flavors is rising rapidly in the food and beverages market. Manufacturers are introducing savory and vegetable/plant-based yogurts such as carrot, squash, and beet. Moreover, such plant-based yogurts are packed with nutrition that attracts the millennial generation. Thereby, it creating a positive scenario in the non-dairy market among the consumers.
Asia Pacific excluding Japan to grab a major chunk of the global market pie
Asia Pacific excluding Japan (APEJ) remains one of the most prominent markets for food and beverage manufacturers globally. The region is home to the world’s leading food producers, importers, and exporters. There are opportunities galore as the region is also home to some of the world’s most populous countries. Satisfying the growing and evolving needs of such a large consumer base will entail new solutions. It is estimated that by 2050, the global population will reach nearly 10 billion, and a large percentage of this population will be based in APEJ.
According to the National Institutes of Health, 80% of both Asian and African people have lactose intolerance. Owing to the rise in number of lactose intolerance cases, consumers are looking out for lactose free dairy products for daily consumption. The Asian yogurt market has been well established since ages. Yogurt is believed to have originated thousands of years ago in Eastern Europe and Asia. However, due to the rapid rise in the lactose intolerant population, consumers are now switching to plant based yogurt having core ingredients such as soy milk, almond milk, coconut milk, and hemp milk among others.
Non-Dairy Yogurt Market Structure Analysis
The global non-dairy yogurt market represents a fairly combined competition landscape, where the key players uphold their strategic focus on the development through research and development to introduce new products along with that these manufacturers follow solid distribution partnerships, with a target of stronger global footprint.
Portfolio extension is also recognized as one of the key developmental strategical step adopted by manufacturers of the non-dairy yogurt market. In Europe, notable developments that the food and beverage industry needs to lookout for are stricter monitoring of unfair trade practices (UTPs) by the European Commission (EC). Many food and beverage manufacturers are currently assessing the risk to business once Brexit comes into effect. As the timing and full impact of Brexit is still uncertain, food and beverage companies are focusing on taking preventive action to secure their business interests.
The evolving tastes and preferences of consumers are not lost on manufacturers, as offerings have been broadened to accommodate organic and natural food products. Many established players are focusing in acquiring smaller companies which have the expertise and reputation of being pros in specific organic and natural domains. These smaller companies have deep brad loyalty, and owing to the small scale of production, it is much easier for them to come up with innovative products. These factors, combined with increasing emphasis on organic and natural, are likely to make smaller companies attractive targets for mergers and acquisitions.
Plant-based dairy alternatives have been enjoying immense success since the advent of the concept of veganism. With a mounting number of consumers adopting vegan lifestyle, the demand for plant-based substitutes for animal-derived food products including dairy products is increasing rapidly. Consequently, most food manufacturers are entering the vegan foods industry to introduce vegan alternatives for most dairy products such as yogurt.
The global market for non-dairy yogurt is growing rapidly with global dairy brands making their debut in the market with their innovative plant-based yogurt products in innovative flavours. Apart from the adoption of unusual and attractive plant-based flavours, making use of nutritional ingredient to improve nutritional values of non-dairy yogurt is also expected to gain popularity as a strategy to win in this market.
Non-Dairy Yogurt Market Analysis 2019 - 2029
A recent market study published by Future Market Insights (FMI) “Non-Dairy Yogurt Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the non-dairy yogurt market, the growth prospects of the market are obtained with maximum precision.
Non-Dairy Yogurt Market: Segmentation
The global non-dairy yogurt market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Chapter 01 – Global Economic Outlook
The report commences with the global economic outlook, which depicts the world GDP in the key countries and trade penetration of various distribution channels in countries. The effect of these parameters on the non-dairy yogurt market is analyzed.
Chapter 02 - Executive Summary
The executive summary of the non-dairy yogurt market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment and the recommendations on the global non-dairy yogurt market.
Chapter 02 – Market Introduction
Readers can find the detailed segmentation and definition of the non-dairy yogurt market in this chapter, which will help them understand the basic information about the non-dairy yogurt market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the non-dairy yogurt market report.
Chapter 03 – Global Non-Dairy Yogurt Market Overview
The associated industry assessment of the non-dairy yogurt market is also carried out such as market trends, market dynamics, trade analysis, and supply and value chain. The consumer perception on non-dairy yogurt are explained in the segments consumer survey analysis and social media sentiment analysis of this chapter. This also highlights price point assessment by raw material, the average price of different raw materials of non-dairy yogurt in different regions throughout the globe and its forecast till 2029. The factors influencing the prices of the non-dairy yogurt are also explained in this section.
Chapter 04 – Global Non-Dairy Yogurt Market Analysis and Forecast 2014-2029
This chapter explains how the non-dairy yogurt market will grow across the globe in various segments. Based on product type, the non-dairy yogurt market is segmented into soy yogurt, almond yogurt, coconuts yogurt, oats yogurt, rice yogurt, pea yogurt, and others. Based on nature, the non-dairy yogurt market is segmented into organic and conventional. Based on forms the non-dairy yogurt market is segmented into drinkable and spoonable. Based on flavors the non-yogurt market is segmented in plain/unflavored and flavored. Based on sales channel non-dairy yogurt market is segmented into B2B and B2C. Based on region the non-dairy yogurt market is segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
Chapter 05 – North America Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
This chapter includes a detailed analysis of the growth of the North America non-dairy yogurt market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end-users and countries in North America.
Chapter 06 – Latin America Non-Dairy Yogurt Market Analysis 2014-2018 & Forecast 2019 - 2029
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the Latin America non-dairy yogurt market. This chapter also includes the growth prospects of the non-dairy yogurt market in leading LATAM countries such as Brazil, Mexico, Chile, Peru, Argentina and Rest of Latin America.
Chapter 07 – Europe Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
Important growth prospects of the non-dairy yogurt market based on its end users in several countries such as Germany, the U.K, Italy, France, Spain, Russia, Poland, BENELUX, Nordic and the Rest of Europe are included in this chapter.
Chapter 08 – East Asia Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
Greater China, Japan, and South Korea are the leading countries in the East Asia region that are the prime subjects of assessment to obtain the growth prospects of the East Asia non-dairy yogurt market in this chapter. Readers can find detailed information about the growth parameters of the East Asia non-dairy yogurt market during the period 2019 - 2029.
Chapter 10 – South Asia Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
This chapter includes a detailed analysis of the growth of the South Asia non-dairy yogurt market. Includes the countries Indonesia, Malaysia, Singapore, India, Taiwan, Thailand, and rest of South Asia. Readers can find market trends, regulations, and market growth based on end users.
Chapter 11 – Middle East and Africa Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
This chapter provides information about how the non-dairy yogurt market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and Rest of MEA, during the forecast period 2019 - 2029.
Chapter 12 – Oceania Non-Dairy Yogurt Market Analysis 2014 - 2018 & Forecast 2019 - 2029
This chapter provides information about how the non-dairy yogurt market will grow in major countries in the Oceania region such as Australia and New Zealand, during the forecast period 2019 - 2029.
Chapter 13 – Competitive Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the non-dairy yogurt market along with their market presence analysis by region and product portfolio. Also, readers can find a comprehensive list of all leading stakeholders in the non-dairy yogurt market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are General Mills, Inc., The Hain Celestial Group Inc., Danone SA, Nestlé SA, Chobani, LLC, Forager Project, LLC, Valio Ltd., Stonyfield Farm Inc., Daiya Foods Inc., Springfield Creamery Inc., The Coconut Collaborative, COYO Pty Ltd., GT’s Living Foods LLC., Good Karma Foods Inc., Healthy Brands Collective Corporation, Forager Project, LLC., Yofix Probiotics Ltd., Kite Hill and many others.
Chapter 14 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the non-dairy yogurt report.
Chapter 15 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the non-dairy yogurt market.
Sources and Primary Research Splits (%):-
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Trade Map
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Food and Agriculture Organization of United States (FAO)
- United States Department of Agriculture (USDA)
- Trade Websites