Global Coconut Yogurt Market Outlook 2024-2032
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The global coconut yogurt market is witnessing robust growth driven by changing consumer preferences and increasing demand for plant-based dairy alternatives. Coconut yogurt, known for its health benefits, including being lactose-free and rich in probiotics, has captured the attention of health-conscious consumers worldwide. Dataintelo’s recent market research report highlights that the market is poised for continued expansion, with projections showing a significant increase in market value over the next decade.
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Market Insights and Trends
According to Dataintelo’s analysis, the coconut yogurt market was valued at approximately USD 2.5 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of around 11.5% from 2023 to 2031. The global market for coconut yogurt is forecast to reach over USD 7.5 billion by 2031, driven by the rising popularity of plant-based products, changing dietary habits, and increased awareness of the health benefits associated with coconut-based foods.