At 12.1% CAGR, the North America Non-Dairy Yogurt Market is Projected to be Worth US$ 1,786.05 Million by 203, Says Business Market Insights

According to Business Market Insights research, the North America non-dairy yogurt market was valued at US$ 718.55 million in 2022 and is expected to reach US$ 1,786.05 million by 2030, registering a CAGR of 12.1% from 2022 to 2030. Increasing prevalence of lactose intolerance and rising adoption of organic products are among the critical factors attributed to the North America non-dairy yogurt market expansion.

According to the article published in April 2023 by National Centre of Biotechnology Information (NCBI), an average of 65% of the worlds population has lactose intolerance. Also, as per the ProCon Organization, by 2021, 59% of people in Canada are likely to suffer from lactose intolerance. People with lactose intolerance are recommended to have a lactose-free diet to avoid allergies and digestive problems such as diarrhea, abdominal bloating, and nausea. Moreover, people allergic to milk are also recommended to consume plant-based dairy products. Therefore, such people seek alternatives that are easy to digest and can fulfill their daily nutritional needs.

Non-dairy yogurts are made from almond milk, soymilk, and coconut milk, which are free from lactose. Moreover, plant-based non-dairy yogurt has a similar texture, creaminess, and consistency to conventional yogurt. Moreover, plant-based non-dairy yogurts are fortified with nutrients, such as protein and calcium, that meet the daily nutrient requirements of consumers. Thus, the increasing prevalence of lactose intolerance and milk allergies among consumers is driving the North America non-dairy yogurt market growth.

On the contrary, higher prices of raw material hampers the growth North America non-dairy yogurt market.

Based on source, the North America non-dairy yogurt market is segmented into almond, soy, coconut, oat, and others. The coconut segment held 45.8% share of the North America non-dairy yogurt market in 2022, amassing US$ 329.08 million. It is projected to garner US$ 804.83 million by 2030 to expand at 11.8% CAGR during 2022-2030.

Based on type, the North America non-dairy yogurt market is bifurcated into flavored and plain. The flavored segment held 74.6% share of the North America non-dairy yogurt market in 2022, amassing US$ 536.12 million. It is projected to garner US$ 1,347.87 million by 2030 to expand at 12.2% CAGR during 2022-2030.

Based on nature, the North America non-dairy yogurt market is bifurcated into organic and conventional. The conventional segment held 64.2% share of North America non-dairy yogurt market in 2022, amassing US$ 461.29 million. It is projected to garner US$ 1,108.17 million by 2030 to expand at 11.6% CAGR during 2022-2030.

Based on distribution channel, the North America non-dairy yogurt market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held 48.0% share of North America non-dairy yogurt market in 2022, amassing US$ 344.97 million. It is projected to garner US$ 823.83 million by 2030 to expand at 11.5% CAGR during 2022-2030.

Based on country, the North America non-dairy yogurt market is categorized into US, Canada, and Mexico. The US held 77.5% share of North America non-dairy yogurt market in 2022, amassing US$ 557.11 million. It is projected to garner US$ 1,415.11 million by 2030 to expand at 12.4% CAGR during 2022-2030.

Key players operating in the North America non-dairy yogurt market are The Hain Celestial Group Inc, Danone SA, Springfield Creamery Inc, Lyrical Foods Inc, Valio Ltd, Oatly, Group AB, Daiya Foods Inc, Forager Project LLC, and Harmless Harvest Inc, among others.

- In Aug 2021, Silk the well-known brand of Danone SA for plant-based products launched plant-based Greek yogurt. The yogurt alternatives feature a thick coconut milk base and contain 190 to 200 calories, 10 grams of protein, 9 to 12 grams of sugar and 11 grams of fat per serving. Flavors include vanilla, strawberry, lemon, and blueberry.

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