Market Research Future (Food and Beverages) Dairy-free Yogurt Market Research Report | Page 3

Dairy-free Yogurt Market Research Report – Global Forecast till 2023
2 Market Overview
Dairy-free yogurt is also known as plant-based yogurt or non-dairy yogurt as it is produced milk base obtained from
plant sources. It is a healthy and natural alternative to dairy yogurt as it does not contain any dairy ingredients, mainly
lactose. Thus, it is a convenient choice for people susceptible to dairy allergies or intolerance.
The global dairy-free yogurt market is witnessing a surging growth rate due to the increasing demand of dairy-free
yogurt among the vegan population. Veganism is gaining traction across the globe, mainly in North America and
Europe, and thus is expected to boost the sales of dairy-free yogurt. In addition, high prevalence of lactose
intolerance in major developed and developing countries, except North European countries, is also a prominent
factor that is driving the growth of dairy-free yogurt market as dairy-free products are lactose-free. However, the high
prices of non-dairy products -free are hampering the market growth. The market is expected to pave way for several
lucrative opportunities for the market players due to the increasing awareness regarding the health benefits of
consuming dairy-free yogurt and launching products targeted at children.
Regional Analysis:
North America is expected to dominate the dairy-free yogurt market during the forecast period due to the presence
of major market players in the region and increasing demand for plant-based food among consumers. Asia-Pacific
market is projected to register the fastest growth rate during the forecast period due to the changing lifestyle of
people in the region and increasing consumer spending towards healthy dairy alternatives.
Page | 3
Copyright © 2017 Market Research Future.