At 8.8% CAGR, the Middle East & Africa Non-Dairy Yogurt Market is Projected to be Worth US$ 299.77 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa non-dairy yogurt market was valued at US$ 153.20 million in 2022 and is expected to reach US$ 299.77 million by 2030, registering a CAGR of 8.8% from 2022 to 2030. Growing trend of veganism due to rising environmental concern is among the critical factors attributed to the Middle East & Africa non-dairy yogurt market expansion.

The vegan population has grown significantly over the past few years. According to Veganuary (a nonprofit organization that encourages individuals worldwide to become vegan for the entire month of January), in 2022, more than 620,000 people registered for the Veganuary campaign, and the registrations increased by 200% in the last three years.

The following figure shows the number of participants across the world in the ‘Veganuary Campaign’ from 2016 to 2022:

Registrations for Veganuary Campaign from 2016 to 2022

 Source: Veganuary 2022 Campaign Review

The livestock industry is one of the significant contributors to the total anthropogenic greenhouse gas emissions. According to the Food and Agriculture Organization (FAO), the global livestock industry emits 7.1 gigatons of carbon dioxide per year, accounting for 14.5% of all human-caused greenhouse gas emissions. The dairy sector is responsible for 30% of the total livestock emissions.

The following figure shows annual greenhouse gas emissions per kilogram of food products:

Annual Greenhouse Gas Emissions (GHG) Per Kilogram of Food Products

Source: Poore & Nemecek, 2018

As can be seen from the figure above, beef (beef herd), beef (dairy herd), and lamb and mutton products have the highest greenhouse gas emission. Many studies have shown that shifting to a vegan diet can significantly lower carbon dioxide emissions. Moreover, the United Nations, PETA, Good Food Institute, and many organizations believe that veganism can help save the planet from the climate crisis. Awareness regarding the harmful effects of the livestock industry on environment is increasing among consumers. The consumption of plant-based dairy products helps minimize carbon footprints, save water and other natural resources, and reduce the overall environmental impacts. Therefore, consumers are rapidly switching to plant-based dairy and meat products. Therefore, people are increasingly switching to a vegan diet due to rising sustainability and environmental concerns.

Based on source, the Middle East & Africa non-dairy yogurt market is segmented into almond, soy, coconut, oat, and others. The coconut segment held 51.5% share of the Middle East & Africa non-dairy yogurt market in 2022, amassing US$ 78.83 million. It is projected to garner US$ 150.15 million by 2030 to expand at 8.4% CAGR during 2022–2030.

Based on type, the Middle East & Africa non-dairy yogurt market is bifurcated into flavored and plain. The flavored segment held 67.7% share of the Middle East & Africa non-dairy yogurt market in 2022, amassing US$ 103.78 million. It is projected to garner US$ 206.08 million by 2030 to expand at 9.0% CAGR during 2022–2030.

Based on nature, the Middle East & Africa non-dairy yogurt market is bifurcated into organic and conventional. The conventional segment held 87.8% share of Middle East & Africa non-dairy yogurt market in 2022, amassing US$ 134.52 million. It is projected to garner US$ 259.18 million by 2030 to expand at 8.5% CAGR during 2022–2030.

Based on distribution channel, the Middle East & Africa non-dairy yogurt market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held 60.2% share of Middle East & Africa non-dairy yogurt market in 2022, amassing US$ 92.26 million. It is projected to garner US$ 174.50 million by 2030 to expand at 8.3% CAGR during 2022–2030.

Based on country, the Middle East & Africa non-dairy yogurt market is categorized into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held 58.9% share of Middle East & Africa non-dairy yogurt market in 2022, amassing US$ 90.22 million. It is projected to garner US$ 164.88 million by 2030 to expand at 7.8% CAGR during 2022–2030.

Key players operating in the Middle East & Africa non-dairy yogurt market are The Hain Celestial Group Inc, Danone SA, Valio Ltd, and Oatly Group AB, 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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