Asia Pacific Non-Dairy Yogurt Market Forecast to 2030 - Regional Analysis - by Source (Almond, Soy, Coconut, Oat, and Others), Type (Flavored and Plain), Nature (Organic and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The Asia Pacific non-dairy yogurt market was valued at US$ 576.00 million in 2022 and is expected to reach US$ 1,549.73 million by 2030; it is estimated to grow at a CAGR of 13.2% from 2022 to 2030.
Strategic Development Initiatives by Manufacturers Fuels the Asia Pacific Non-Dairy Yogurt Market
Non-dairy yogurt manufacturers are making significant investments in product innovations to attract a large group of consumers. The manufacturers offer certified organic, non-GMO, gluten-free, clean-label, and allergen-free products to cater to emerging customer requirements. Moreover, as consumers have become health-conscious, they prefer low-calorie and low-fat products. Therefore, manufacturers of plant-based dairy offer unsweetened and low-sugar products. In February 2021, Halsa Foods launched zero-sugar oat milk yogurt in a 24 oz family size. The product contains only 90 calories per serving and has no added sugar. Also, in 2023, Yoghurt brand Coyo Pty Ltd has launched a new range of plant-based frozen yoghurt made with real fruit, and using coconut as its yoghurt base, in place of dairy.
Further, manufacturers are also launching products by incorporating different flavors and functional nutrients. In December 2020, Danone SA launched the Silk Kids Almond Milk Yogurt Alternative plant-based yogurts, specially formulated for kids. The product comprises fava beans protein, almond milk, live & active culture, and organic coconut oil. It is fortified with vitamin D and calcium to satisfy the children's nutrition. The yogurt substitute is dairy-free, lactose-free, gluten-free, and peanut-free. It is available in three flavors-apple cinnamon, strawberry, and mixed berry. Product innovation strategy offers a competitive edge to the players operating in the market and boosts their profitability, which propels the Asia Pacific non-dairy yogurt market growth.
Asia Pacific Non-Dairy Yogurt Market Overview
The non-dairy yogurt market in the Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. A few factors contributing to the demand for non-dairy yogurt in the region are a surge in health-conscious consumers in emerging countries and the rising trend of consuming plant-based dairy products. Non-dairy yogurts contain low-fat, low-calorie, and low-cholesterol content, appealing to health-conscious and lactose-intolerant customers. Moreover, a few people are vegan, while an increasing number of people are adopting "flexitarian" dietary patterns. Thus, this shift in customer preferences boosts the demand for dairy alternatives such as non-dairy yogurt.
In recent years, the consumption of non-dairy yogurt has steadily increased due to the growing number of lactose-intolerant people and health concerns regarding antibiotics and growth hormones often found in cows milk. The research conducted by Rakuten in 2021 showed that 87% of consumers in China had tried plant-based milk, 50% had tried other dairy substitutes, 42% had tried plant-based meat, and 32% had tried vegan egg replacements. Furthermore, the same research found that 3% of respondents only consume plant-based foods.
The non-dairy yogurt market in the Asia Pacific is significantly growing due to changing lifestyles of consumers and an increase in the consumption of clean-label products, organic, and gluten-free products. The market in the region is also undergoing a remarkable transformation due to increased urbanization, diet diversification, and the legalization of foreign direct investment in the food sector. Hence, manufacturers are adopting strategies for the development and expansion of their businesses. In 2020 Invigorate Foods announced its plan to invest US$ 8.4 million (INR 60 crores) in the next three years in plant, equipment, and other capital goods required for manufacturing soymilk products in India. Further, in 2019, The Blue Diamond announced its expansion into the non-dairy yogurt alternative category with almond breeze and almond milk yogurt alternatives. Similarly, food wholesaler and manufacturer Kokubu Food launched Japan's first almond-based yogurt in April 2020. Such developments by manufacturers boost the demand for non-dairy yogurt in Asia Pacific.
Asia Pacific Non-Dairy Yogurt Market Revenue and Forecast to 2030 (US$ Million)
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Asia Pacific Non-Dairy Yogurt Market Segmentation
The Asia Pacific non-dairy yogurt market is segmented based on source, type, nature, and distribution channel.
Based on source, the Asia Pacific non-dairy yogurt market is segmented into almond, soy, coconut, oat, and others. The coconut segment held the largest share in 2022.
Based on type, the Asia Pacific non-dairy yogurt market is bifurcated into flavored and plain. The flavored segment held a larger share in 2022.
Based on nature, the Asia Pacific non-dairy yogurt market is bifurcated into organic and conventional. The conventional segment held a larger share in 2022.
Based on distribution channel, the Asia Pacific non-dairy yogurt market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The supermarkets & hypermarkets segment held the largest share in 2022.
Based on country, the Asia Pacific non-dairy yogurt market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific non-dairy yogurt market in 2022.
The Hain Celestial Group Inc, Danone SA, COYO Pty Ltd, Valio Ltd, and Oatly Group AB are some of the leading companies operating in the Asia Pacific non-dairy yogurt market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Non-Dairy Yogurt Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturing Process
4.3.3 Packaging
4.3.4 Distribution Channel
5. Asia Pacific Non-Dairy Yogurt Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Lactose Intolerance
5.1.2 Strategic Development Initiatives by Manufacturers
5.2 Market Restraints
5.2.1 Higher Prices of Raw Material
5.3 Market Opportunities
5.3.1 Rising Adoption of Organic Products
5.4 Future Trends
5.4.1 Growing Trend of Veganism Due to Rising Environmental Concern
5.5 Impact Analysis of Drivers and Restraints
6. Non-Dairy Yogurt Market - Asia Pacific Market Analysis
6.1 Asia Pacific Non-Dairy Yogurt Market Revenue (US$ Million), 2022 - 2030
6.2 Asia Pacific Non-Dairy Yogurt Market Forecast and Analysis
7. Asia Pacific Non-Dairy Yogurt Market Analysis - Source
7.1 Almond
7.1.1 Overview
7.1.2 Almond Market Revenue and Forecast to 2030 (US$ Million)
7.2 Soy
7.2.1 Overview
7.2.2 Soy Market Revenue and Forecast to 2030 (US$ Million)
7.3 Coconut
7.3.1 Overview
7.3.2 Coconut Market Revenue and Forecast to 2030 (US$ Million)
7.4 Oat
7.4.1 Overview
7.4.2 Oat Market Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Non-Dairy Yogurt Market Analysis - Type
8.1 Flavored
8.1.1 Overview
8.1.2 Flavored Market Revenue and Forecast to 2030 (US$ Million)
8.2 Plain
8.2.1 Overview
8.2.2 Plain Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Non-Dairy Yogurt Market Analysis - Nature
9.1 Organic
9.1.1 Overview
9.1.2 Organic Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Conventional
9.2.1 Overview
9.2.2 Conventional Market Revenue, and Forecast to 2030 (US$ Million)
10. Asia Pacific Non-Dairy Yogurt Market Analysis - Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Overview
10.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Convenience Stores
10.2.1 Overview
10.2.2 Convenience Stores Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Online Retail
10.3.1 Overview
10.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
10.3.3 Others
10.3.4 Overview
10.3.5 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. Non-Dairy Yogurt Market - Asia Pacific Country Analysis
11.1 Non-Dairy Yogurt Market - Asia Pacific Country Analysis
11.1.1 Asia Pacific Non-Dairy Yogurt Market Breakdown by Country
11.1.1.1 Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.1.1 Australia Non-Dairy Yogurt Market Breakdown by Source
11.1.1.1.2 Australia Non-Dairy Yogurt Market Breakdown by Type
11.1.1.1.3 Australia Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.1.4 Australia Non-Dairy Yogurt Market Breakdown by Distribution Channel
11.1.1.2 China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.2.1 China Non-Dairy Yogurt Market Breakdown by Source
11.1.1.2.2 China Non-Dairy Yogurt Market Breakdown by Type
11.1.1.2.3 China Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.2.4 China Non-Dairy Yogurt Market Breakdown by Distribution Channel
11.1.1.3 India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.3.1 India Non-Dairy Yogurt Market Breakdown by Source
11.1.1.3.2 India Non-Dairy Yogurt Market Breakdown by Type
11.1.1.3.3 India Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.3.4 India Non-Dairy Yogurt Market Breakdown by Distribution Channel
11.1.1.4 Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.4.1 Japan Non-Dairy Yogurt Market Breakdown by Source
11.1.1.4.2 Japan Non-Dairy Yogurt Market Breakdown by Type
11.1.1.4.3 Japan Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.4.4 Japan Non-Dairy Yogurt Market Breakdown by Distribution Channel
11.1.1.5 South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.5.1 South Korea Non-Dairy Yogurt Market Breakdown by Source
11.1.1.5.2 South Korea Non-Dairy Yogurt Market Breakdown by Type
11.1.1.5.3 South Korea Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.5.4 South Korea Non-Dairy Yogurt Market Breakdown by Distribution Channel
11.1.1.6 Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
11.1.1.6.1 Rest of Asia Pacific Non-Dairy Yogurt Market Breakdown by Source
11.1.1.6.2 Rest of Asia Pacific Non-Dairy Yogurt Market Breakdown by Type
11.1.1.6.3 Rest of Asia Pacific Non-Dairy Yogurt Market Breakdown by Nature
11.1.1.6.4 Rest of Asia Pacific Non-Dairy Yogurt Market Breakdown by Distribution Channel
12. Industry Landscape
12.1 Overview
12.2 New Product Development
12.3 Partnerships
13. Company Profiles
13.1 The Hain Celestial Group Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Danone SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 COYO Pty Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Valio Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Oatly Group AB
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
List of Tables
Table 1. Asia Pacific Non-Dairy Yogurt Market Segmentation
Table 2. Nutrients in 8 oz of Whole Milk and Soymilk
Table 3. Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 5. Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 6. Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 7. Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 8. Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 9. Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 10. Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 11. Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 12. China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 13. China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 14. China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 15. China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 16. India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 17. India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 18. India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 19. India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 20. Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 21. Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 22. Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 23. Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 24. South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 25. South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 26. South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 27. South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
Table 28. Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Source
Table 29. Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Type
Table 30. Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Nature
Table 31. Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million) - Distribution Channel
List of Figures
Figure 1. Asia Pacific Non-Dairy Yogurt Market Segmentation, By Country
Figure 2. Porter's Five Forces Analysis: Asia Pacific Non-Dairy Yogurt Market
Figure 3. Ecosystem: Asia Pacific Non-Dairy Yogurt Market
Figure 4. Asia Pacific Non-Dairy Yogurt Market - Key Industry Dynamics
Figure 5. Registrations for Veganuary Campaign from 2016 to 2022
Figure 6. Annual Greenhouse Gas Emissions (GHG) Per Kilogram of Food Products
Figure 7. Asia Pacific non-dairy yogurt market: Impact Analysis of Drivers and Restraints
Figure 8. Asia Pacific Non-Dairy Yogurt Market Revenue (US$ Million), 2020 - 2030
Figure 9. Asia Pacific Non-Dairy Yogurt Market Share (%) - Source, 2022 and 2030
Figure 10. Almond Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Soy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Coconut Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Oat Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Asia Pacific Non-Dairy Yogurt Market Share (%) - Type, 2022 and 2030
Figure 16. Flavored Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Plain Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Asia Pacific Non-Dairy Yogurt Market Share (%) -Nature, 2022 and 2030
Figure 19. Organic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Conventional Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Asia Pacific Non-Dairy Yogurt Market Share (%) -Distribution Channel, 2022 and 2030
Figure 22. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Convenience Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Asia Pacific Non-Dairy Yogurt Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 27. Australia Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. China Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. India Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. Japan Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 31. South Korea Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Rest of Asia Pacific Non-Dairy Yogurt Market Revenue and Forecasts To 2030 (US$ Million)
1. The Hain Celestial Group Inc
2. Danone SA
3. COYO Pty Ltd
4. Valio Ltd
5. Oatly Group AB
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