The global coconut yogurt market size was valued at USD 114.76 million in 2024 and is projected to reach USD 294.45 million by 2034, expanding at a CAGR of 12.50% between 2025 and 2034. Growth is fueled by the rising prevalence of lactose intolerance, dairy allergies, and the increasing demand for plant-based and probiotic-rich foods.
Coconut yogurt, a dairy-free alternative made by fermenting coconut milk with live cultures, is witnessing rapid adoption due to its creamy texture, gut health benefits, and alignment with clean-label, vegan, and functional food trends. As consumers embrace flexitarian and plant-based diets, coconut yogurt is emerging as a staple in the dairy alternatives market.
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Market size in 2024: USD 114.76 million
Forecasted market size by 2034: USD 294.45 million
CAGR (2025β2034): 12.50%
Flavored coconut yogurt dominates the product type segment, while plain coconut yogurt shows strong growth potential.
Non-dairy coconut yogurt leads in form, catering to vegan and lactose-intolerant consumers.
Cups dominate packaging due to their convenience and portability.
Europe leads the market, followed by North America.
Rising Demand for Probiotic & Functional Foods
With global probiotics reaching $66.4 billion in 2023, consumer interest in gut health and immunity is fueling demand for coconut yogurt fortified with probiotics, vitamins, and minerals.
Innovation in Flavors & Premiumization
Exotic and region-specific flavors (e.g., tropical blends, vanilla, superfoods) paired with eco-friendly packaging are helping brands capture premium segments.
E-commerce & Direct-to-Consumer Expansion
Online grocery platforms and subscription-based sales models are increasing visibility and accessibility of coconut yogurt products, especially among urban consumers.
Price Sensitivity: Coconut yogurt is priced higher than dairy-based yogurt due to costly raw materials and production processes.
Taste & Texture Challenges: Some consumers find it less familiar compared to traditional yogurt, limiting repeat purchases.
Competitive Alternatives: Strong competition from soy, almond, and oat yogurts restricts rapid penetration.
Sustainable Packaging: Adoption of biodegradable cups and recyclable tubs enhances brand perception and consumer trust.
Functional Innovation: Fortified products with plant-based protein and superfoods appeal to health-conscious buyers.
Digital Marketing & D2C: Targeted campaigns, influencer collaborations, and online exclusives boost engagement and loyalty.
Europe: Leading the global market due to strong vegan adoption, high lactose intolerance rates, and robust retail infrastructure. Major supermarkets like Tesco, Carrefour, and Aldi are expanding coconut yogurt shelf space.
North America: Second-largest market, driven by 36% lactose intolerance prevalence in the U.S. and the rising popularity of functional and probiotic-rich foods.
Asia-Pacific: Expected to witness the fastest growth with increasing urbanization, plant-based diets, and health-conscious young consumers in China, India, and Japan.
Prominent players include:
Danone
Chobani LLC
The Coconut Collaborative
COYO
So Delicious Dairy Free
Daiya Foods Inc.
Alpro
Silk (Danone North America)
Kite Hill
Harmless Harvest
Nancyβs Probiotic Foods
These companies are focusing on flavor innovation, product fortification, and sustainable packaging to strengthen their positions in the rapidly growing plant-based segment.
Growing consumer shift toward fortified coconut yogurts enriched with vitamins, minerals, and plant proteins.
Rising demand for single-serve cups and on-the-go formats in urban markets.
Premium packaging, exotic flavors, and Instagram-friendly launches boosting brand visibility.
The global coconut yogurt market is positioned for robust double-digit growth over the next decade, underpinned by health-conscious consumers, plant-based diets, and probiotic-rich product demand. While pricing and competition from other non-dairy yogurts remain challenges, opportunities in functional innovation, eco-friendly packaging, and digital retail channels are creating a lucrative environment for market players.
Brands that effectively align with wellness trends, sustainability goals, and premium experiences are expected to dominate this rapidly evolving industry.