
Report ID: SQMIG30I2444
SkyQuest Technology's Feed mineral market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Feed Mineral Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Global Non-dairy Yogurt Market size was valued at USD 2.04 Billion in 2023 and is poised to grow from USD 2.32 Billion in 2024 to USD 7.34 Billion by 2032, growing at a CAGR of 13.6% in the forecast period (2025-2032).
Changing dietary habits, increased health awareness among consumers, rising consumer disposable income, and growing popularity of ready-to-eat foods are some of the major factors driving market growth. The shift in consumer dietary habits toward the consumption of flavored yogurt as a dessert, and an important component of the diet has impacted the growth of yogurt and made it a popular food item in recent years. The growing consumer awareness of health concerns and the benefits of yogurt intake is increasing, due to its composition of essential fortified vitamins, creamy, pulp-laced, and sugar-free content has a positive impact on the digestive mechanism. The food industry has grown over the years due to the addition of innovation and continuous product development. The market is expected to grow due to the presence of healthy ingredients such as proteins and sugar-free content, and the availability of products in convenience stores. This growth is likely to encourage international players to expand their consumer base. The demand for naturally enriched fruit-flavored yogurt is extremely high, particularly for berry flavors like strawberry, blueberry, and raspberry. Aside from these flavors, mango, chocolate, and coffee are gaining popularity among consumers.
Shifting traction towards dairy-free products among millennials on a global level is expected to promote the scope of plant-based nutritional products such as vegan yogurts. Consumers have also been increasingly spending on plant-based products because of growing prevalence of lactose intolerance, among the common mass in developed economies of North America and Europe. Over the past few years, some of the regulatory authorities have been promoting the production and use of vegan products. The FDA announced its plan to promote innovation in the manufacturing of a wide range of dairy alternatives, including vegan yogurt and other plant-based products.
The non-dairy yogurt market is undergoing a transformation driven by growing consumer demand for plant-based alternatives. These products closely mimic dairy yogurt in taste, texture, and nutritional benefits while addressing concerns about lactose intolerance, ethical sourcing, and sustainability.In recent years, the market has shifted with a series of innovations based on shifting dietary preferences, as well as an increasingly stronger focus on health and wellness. One of the notable developments comes from Tomorrow Farms' animal-free dairy brand, Bored Cow, which has been in the news because of a competitive range of drinkable yogurts using milk proteins derived from fermentation. This product, crafted from coconut cream and cane sugar and enhanced with precision-fermented milk proteins, directly competes with conventional dairy. It offers consumers a dairy-free alternative packed with 8 grams of complete protein per bottle, along with essential vitamins and probiotics.
Market Key Attributes
In July 2023, Cocos Organic, a UK-based food company specializing in organic dairy alternatives, introduced a new lineup of plant-based yogurt products, further expanding its footprint in the growth of dairy-free market. One of the key highlights of this launch was the UK’s first organic coconut milk yogurt tubes, designed as a convenient, on-the-go snack option for both children and adults. These yogurt tubes contain 98% pure organic coconut milk and are enriched with billions of live vegan cultures, promoting gut health while catering to the rising demand for dairy-free, probiotic-rich foods. Additionally, the company unveiled a brand-new light organic natural yogurt, offering a creamy, nutritious, and lighter alternative for consumers seeking organic plant-based options without compromising taste or quality. This expansion aligns with the increasing popularity of plant-based dairy alternatives in the UK and Europe, driven by health-conscious and environmentally aware consumers.
In February 2023, Plant Veda Foods Ltd., in Canada, a plant-based dairy alternative beverage and food company, announced the acquisition of Nora's Non-Dairy Ltd., a well-known Canadian manufacturer specializing in plant-based and non-dairy ice cream products. Although the financial details of the acquisition were not disclosed, the move marks a strategic expansion for Plant Veda Foods in the North America region. The acquisition aims to accelerate the global shift towards a plant-based lifestyle, focusing on improving both human health and environmental sustainability through plant-based consumption. By integrating Nora's Non-Dairy Ltd.’s expertise in dairy-free frozen desserts with Plant Veda’s existing portfolio of plant-based beverages and dairy alternatives, the company aims to enhance its product offerings and strengthen its market position, amid increasing consumer demand for non-dairy products.
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