They are willing to pay high prices for products that are free of synthetic ingredients. Consumers are highly concerned about their health and wellness, and they pay more attention to ingredients used in processed products. Organic and natural products are gaining popularity owing to their perceived health benefits. Rising Adoption of Organic Products Boost Non-Dairy Yogurt Market Growth Thus, due to all the aforementioned factors, the demand for non-dairy yogurt is expected to grow in Europe during the forecast period. The popularity of plant-based dairy products is increasing in Europe due to the shift in consumer demand from animal protein to plant protein. Moreover, consumers are highly inclined toward plant-based dairy products due to rising awareness of animal welfare. According to “The Smart Protein Project report,” the sales value of plant-based food in Germany grew by 97% during 2018–2020, while the sales volume increased by 80%. Consumers prefer lactose-free foods because of several health benefits, such as the antioxidant properties of dairy alternatives-such as dairy-free yogurt. The considerable demand for plant-based dairy products due to increasing health consciousness and the trend of veganism has made Europe a significant market. Download PDF Brochure: Įurope held the largest share of the non-dairy yogurt market in 2022. Such products launched by manufacturers strengthen their position in the market. For instance, in August 2021, Silk, a well-known brand of Danone SA for plant-based products, launched plant-based Greek yogurt. Companies in this market focus on strategies such as investments in research and development activities and new product launches. are a few of the major players operating in the non-dairy yogurt market. The Hain Celestial Group Inc, Danone Sa, Springfield Creamery Inc, Lyrical Foods Inc, Coyo Pty Ltd, Valio Ltd, Oatly Group Ab, Daiya Foods Inc, Forager Project LLC, and Harmless Harvest Inc. 21, 2023 (GLOBE NEWSWIRE) - According to our latest study on “ Non-dairy Yogurt Market Size Report, Forecast to 2030 – COVID-19 Impact and Global Analysis – by Source, Type, Nature, Distribution Channel, and Geography,” the non-dairy yogurt market is expected to grow from $ 2.46 billion in 2022 to $ 5.91 billion by 2030 it is estimated to grow at a CAGR of 11.6% from 2022 to 2030. Non-dairy Yogurt Market to Cross $5.91 Billion, Globally by 2030 - Exclusive Report by The Insight Partners
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