Global Non-dairy Yogurt Market: Overview
Individuals
across the globe are now focusing on reducing the intake of lactose and other
dairy products. This has increased the demand for non-dairy products
significantly in recent years. In this scenario, the demand for non-dairy
yogurts has also increased largely across globe. Also relating to the health
benefits of non-dairy yogurt that helps in reducing weight, increase
metabolism, and minimizes inflammation has further augmented the demand in this
market.
The global
non-dairy yogurt market is expected to be segmented into type,
application, and distribution channel. Non-dairy yogurt is widely employed in
frozen dessert, beverages, food, and other. Of these, the food segment is
projected to lead the market. Based on distribution channel, the market can be
segmented into convenience stores, independent retailers, specialist stores,
supermarkets/hypermarkets, mass merchandisers, and others.
Information
provided in the report gives out in-depth insight on the global non-dairy
yogurt market. The analysts have exercised both primary and secondary research
techniques and have referred various other sources to provide complete
knowledge about the market. It is categorized based on the key parameters
including segmentation, vendor landscape, and geographic analysis. All
information given in the report is based on the factual knowledge.
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Global Non-dairy Yogurt Market:
Trends and Opportunities
As per the
data revealed by the National Institutes of Health, about 80% of the people in
Asia Pacific and Africa have lactose intolerance. Therefore, people are looking
out for lactose free dairy products for daily consumption. The rising demand
for non-dairy yogurt products has increased largely in these regions. Moreover,
there is a high demand for flavored yogurt, which will further drive the demand
in this market. People are also switching to plant based yogurt having core
ingredients as almond milk, soy milk, coconut milk, and hemp milk among
other.
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Global Non-dairy Yogurt Market:
Geographic Analysis
The key
regions covered in the global non-dairy yogurt market include North America,
Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these
regions, Europe holds significant share in the market and is likely to dominate
the market over the projected period. In countries like United Kingdom and
France there is a high demand for flavored yogurt, this has fueled the demand
in the Europe non-dairy yogurt market.
Moreover,
Asia Pacific is expected to offer lucrative growth opportunities for this
market. Rising awareness and increasing efforts to maintain proper health are
some of the key reasons providing fillip to the market.
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Global Non-dairy Yogurt Market:
Companies Mentioned
Vendors in
the non-dairy yogurt market are focusing on different business development
strategies such as innovation, partnerships, collaboration, mergers and
acquisitions, and expansion. By using these strategies will help the players to
strengthen their position in the regional and globe market. Vendors are also
involved in product development by using advanced technology that will help
them in getting competitive edge in over their competitors. The report gives
brief description about the key market players and the major strategies used by
them. Yoso, The Hain Celestial Group, COYO, The Whitewave Foods Company, Inc.,
Crunch Culture, Coconut Grove Yogurt, and General Mills are few players taken
in the report on the global non-dairy yogurt market.
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