Study: Organic variant of non-dairy yogurt accounts for 33% of global sales
The demand for coconut yogurt will increase at a CAGR of ~5% during the forecast period (2019-2029).
The global non-dairy yogurt market is set for an upward growth trend over the course of next decade, according to “Non-Dairy Yogurt Market,” a report published by Future Market Insights, London. In fact, the non-dairy yogurt market is expected to reach the $10 billion mark by 2029, primarily driven by the rise in plant-based products.
In contrast to its conventional counterpart, organic non-dairy yogurt would account for a third of global market value in 2019. However, this share is expected to expand in the near future, attaining the market value of over $3 billion at the end of projection period.