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Non-Dairy Yogurt Market Size & Share to Surpass $7 Billion by 2030 | Vantage Market Research

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WASHINGTON, Aug. 14, 2023 (GLOBE NEWSWIRE) — The Non-Dairy Yogurt Market is valued at USD 2.8 Billion in 2022 and is expected to reach USD 7 Billion by 2030 at a CAGR of 14.1% over the forecast period 2023-2030.

The Non-Dairy Yogurt industry is expanding exponentially due to the growing vegan culture and the demand for plant-based yogurt to replace dairy products. Due to rising environmental concerns, the health advantages of plant-based protein, and the business potential for plant-based yogurt, which is expanding globally. Additional factors driving the growth of the vegan yogurt market include the rising number of people who are lactose intolerant, particularly in the European and Asian regions, and rising consumer spending on plant-based goods like flax seed yogurt or yogurts made with hemp milk.

There is ample market opportunity due to the rise in lactose intolerance, which affects about 20% of the world’s population. As customers become more conscious of the adverse effects of dairy production on the environment, they are looking for plant-based substitutes. The popularity of vegan and vegetarian diets and a greater emphasis on health and well-being have also increased the demand for Non-Dairy Yogurt.

The report provides a thorough analysis of international producers and suppliers and their current situation and future prospects. It also details the global drivers of the demand for Non-Dairy Yogurt, including rising investment requirements, and developing technology.

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Market Overview
The market for Non-Dairy Yogurt has grown and changed significantly in recent years. Demand for Non-Dairy Yogurt has increased as customers become more health-conscious and aware of dietary limitations. The market is influenced by lactose intolerance, veganism, vegetarianism, and rising demand for plant-based substitutes. Various choices from plant-based components, including soy, almond, coconut, and oat milk, are available in the Non-Dairy Yogurt market, offering a creamy and tasty substitute for regular yogurt made with dairy.

The industry is represented by diverse players, including long-established dairy corporations expanding their product ranges and smaller, specialized brands concentrating entirely on non-dairy goods. The market environment is competitive, and businesses are working hard to differentiate themselves through new product development, distinctive flavors, and packaging. Consumers are increasingly looking for yogurt options made from natural and organic ingredients, devoid of artificial additives and preservatives, and there is a rising emphasis on clean-label products. The market is anticipated to maintain its growth trajectory and give consumers even more options to match their dietary preferences and health demands. This is because more Non-Dairy Yogurt products and more varieties of those products are available.

North America is the largest region in the Non-Dairy Yogurt Market, accounting for the most significant global market share. This is due to the growing interest in plant-based diets and the increasing consumer awareness about the health benefits of non-dairy products, such as soy, almond, and coconut yogurt. Many consumers are embracing Non-Dairy Yogurt as a healthier alternative to traditional dairy yogurt, which has led to a rise in demand for these products in North America.

Top Players in the Global Non-Dairy Yogurt Market

  • The Hain Celestial Group Inc. (U.S.)
  • Danone SA (France)
  • Nestle SA (Switzerland)
  • Chobani LLC (U.S.)
  • Forager Project LLC (U.S.)
  • Valio Ltd. (Finland)
  • Stonyfield Farm Inc. (U.S.)
  • Daiya Foods Inc. (Canada)
  • Springfield Creamery Inc. (U.S.)
  • The Coconut Collaborative (UK)
  • COYO Pty Ltd. (Australia)
  • GT’s Living Foods LLC (U.S.)

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Market Dynamics

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Rising Health Awareness to Drive the Market
People are becoming more aware of their eating choices and looking for healthier alternatives as personal well-being is given greater attention. With its alleged health advantages, such as being lactose-free, lower in saturated fats, and frequently fortified with important nutrients, Non-Dairy Yogurt is becoming increasingly well-liked as a healthy choice. Customers are actively looking for goods supporting their health objectives, whether related to gut health, weight control, or overall wellness. Non-Dairy Yogurt is in high demand due to rising health consciousness, which has prompted manufacturers to develop and offer a variety of alternatives that satisfy a range of dietary preferences and nutritional requirements.

Increased veganism and lactose intolerance among consumers to Promote Market Growth
The popularity of vegan and vegetarian diets has significantly increased the demand for Non-Dairy Yogurt. The incidence of lactose intolerance and dairy allergy has also raised the demand for Non-Dairy Yogurt. A significant percentage of the world’s population suffers from lactose intolerance, which prompts people to look for dairy-free options like Non-Dairy Yogurt. More customers are actively choosing non-dairy products as they become more conscious of lactose sensitivity to avoid gastrointestinal pain and live a healthy lifestyle. Due to this shift in customer behavior, manufacturers of Non-Dairy Yogurt are responding with inventive plant-based substitutes that offer the same creamy texture and flavor as conventional yogurt but without lactose. The Non-Dairy Yogurt industry has expanded due to the market dynamics of rising lactose intolerance, and this trend is anticipated to continue as more people prioritize their digestive well-being and choose lactose-free options.   

High price of plant-based products compared to traditional dairy products
Non-Dairy Yogurt has a high price tag for several reasons, including production costs, the sourcing of the ingredients, and the need for large-scale economies of scale; Non-Dairy Yogurt made from plant-based components like soy, almond, or coconut frequently has a higher price tag. Some consumers may need help to switch to non-dairy alternatives due to the price discrepancy. However, economies of scale and improvements in production methods may assist in cutting prices and closing the price differential as the market expands and demand rises. In addition, many consumers may excuse the greater cost of Non-Dairy Yogurt by citing purported health advantages and ethical issues, leading them to move despite the price difference.

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Top Trends in Global Non-Dairy Yogurt Market

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  • One trend that Vantage Market Research (VMR) expects to see in the Non-Dairy Yogurt industry is the increasing demand for luxury and artisanal Non-Dairy Yogurt options. These products usually emphasize authentic flavor, high-quality ingredients, and small-batch production procedures. Customers seeking a more unique and gourmet experience usually purchase artisanal Non-Dairy Yogurts at specialty stores.
  • Another trend that VMR predicts will continue in the Non-Dairy Yogurt industry is probiotics, beneficial microorganisms that promote gut health and are added to Non-Dairy Yogurts more frequently. Manufacturers are adding specialized probiotic strains to their goods to enhance the health of the digestive tract. Consumer interest in overall well-being and the gut-brain axis is growing simultaneously with this pattern.
  • Plant-based options and traditional ingredients like soy and almond are gaining popularity in the Non-Dairy Yogurt market. Manufacturers are increasingly looking into novel components like oats, coconuts, cashews, hemp, flax, and vegetables like sweet potatoes and pumpkin. Consumers can access more selections and flavors because of the range of plant-based alternatives.

Top Report Findings

  • Based on Product Type, Soy Based yogurt dominates the market. Yogurts made from soy are an excellent source of protein compared to yogurts made from dairy, and they also aid in lowering cholesterol and managing blood sugar levels.
  • Based on Type, Regular Non-Dairy Yogurt will dominate the market during the forecast period. Regular Non-Dairy Yogurt satisfies nutritional needs and tastes while providing consumers with the familiar flavor and texture of traditional yogurt as the demand for non-dairy substitutes rises. Regular Non-Dairy Yogurt offers a similar experience to dairy-based yogurt without the lactose or substances sourced from animals because of improvements in plant-based ingredients and manufacturing methods.
  • Based on the Distribution channels, supermarkets dominate the market. The category dominates the market due to big companies increasing their investment in this segment. It is also a one-stop shopping experience, so there is a rising demand for convenience food items. The market is expanding due to the simple access to various flavors and reliability in supermarkets.

Browse market data Tables and Figures spread through 144 Pages and in-depth TOC on Non-Dairy Yogurt Market Forecast Report (2023-2030).              

The Soy-Based Non-Dairy Yogurt Segment Contributed the Highest Revenue Due to its Widespread Availability, Recognized Health Benefits, and Diverse Flavour Options
This Non-Dairy Yogurt market area includes Non-Dairy Yogurt items primarily produced using soy milk. The smooth, creamy texture of soy-based Non-Dairy Yogurts has helped them become more well-liked because it resembles typical dairy yogurt. Furthermore, soy-based alternatives frequently provide a good supply of protein and other elements. The significant revenue share of the segment demonstrates the significant customer demand for yogurts made from soy as a healthy and practical dairy substitute.

Regarding market dynamics, several reasons contribute to the dominance of the soy-based Non-Dairy Yogurt segment. Soy is one of the most accessible and commonly grown crops in the world, resulting in a consistent supply of soy milk for the manufacture of Non-Dairy Yogurt. Second, soy-based products have gained popularity due to their potential health advantages, which include supporting bone health and lowering cholesterol. As a result, Non-Dairy Yogurts made from soy are popular among consumers concerned about their health. Last but not least, soy’s adaptability enables the development of various flavours and styles that appeal to various consumer preferences and increase the segment’s selection.

Future projections indicate that the market for soy-based Non-Dairy Yogurt will continue to rise as customer demand for such products increases. It is important to remember that as other plant-based components like almond, coconut, and oat gain popularity, the market environment may change, providing additional options and undermining the soy-based industry’s dominance. However, as of 2022, the Soy-Based Non-Dairy Yoghurt segment will continue to play a significant role in driving the Non-Dairy Yogurt market due to the high consumer acceptance and desire for this specific product category.
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Global Non-Dairy Yogurt Market Segmentation

By Product Type

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  • Almond yogurt
  • Soy yogurt
  • Coconut yogurt
  • Oat yogurt
  • Other Product Types

By Type

  • Regular
  • Flavoured

By Distribution Channel

  • Supermarkets
  • Online Stores
  • Convenience Stores
  • Other Distribution Channels

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Scope of the Report:    

Report Attributes Details
Market Size in 2022 USD 2.8 Billion
Revenue Forecast by 2030 USD 7 Billion
CAGR 14.1% from 2023 to 2030
Base Year 2022
Forecast Year 2023 to 2030
Key Players The Hain Celestial Group Inc., Danone SA, Nestle SA, Chobani LLC, Forager Project LLC, Valio Ltd., Stonyfield Farm Inc., Daiya Foods Inc., Springfield Creamery Inc., The Coconut Collaborative, COYO Pty Ltd., GT’s Living Foods LLC
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Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
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“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
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LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
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With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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