Utilizing both primary and secondary research methods, Reports and Insights investigated the Plant-based Yogurt Market from every perspective in recent times. The issued report is promising the clients to help them gain a deeper understanding of prevailing market dynamics such as supply-demand asymmetry, product preferences, customer preferences and habits, pricing trends, and so forth. The data is then compiled and evaluated using a scale of market assessment and data validation approaches. In addition, Reports and Insights have an in-house data prognostic approach that prophecies market growth through 2030.
The plant-based yogurt market is expected to reach at a value of US$ 504.6 Mn by 2030 end at a CAGR of 7.1%
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Plant-based Yogurt Introduction
Basically, Yogurt can be understood as fermented milk, which is the milk that is heated and combined with two kinds of live bacteria, Streptococcus thermophilus and Lactobacillus bulgaricus. These are generally good bacteria, by chance, the probiotic type that keeps the gut well and in good health. Moreover, plant-based yogurt can be perceived as yogurt that is actually developed from plants. It is basically made from nuts, like cashews, almonds, coconuts, and even other kinds of foods like plantains, soybeans, peas, and oats. Plant-based yogurt has no traces of animal by-products, which makes it perfect for anybody who is following a plant-based or vegan lifestyle.
Plant-based Yogurt Market Dynamics
Though plant-based yogurt was still at an emerging stage a couple of years back, but by virtue of rising number of people turning towards healthy lifestyle and healthy foods as well as growing number of people are enticed to follow vegetarian and vegan lifestyle which is majorly boosting the demand of plant-based yogurt across the global markets.
Moreover, owing to the rising demand for healthy plant-based foods, the key manufacturers also focused on diversifying the product portfolio and broadened the range of flavors for consumers. Attributing to which, the global plant-based yogurt market is projected to rise significantly in the following years. In addition to that, the rising prevalence of lactose intolerance among people all around the world is further accelerating the demand for plant-based yogurt.
Furthermore, the antioxidant attributes of plant-based products for instance, almond milk yogurt have the capability to protect against chronic diseases like cancer and cardiovascular diseases. Therefore, the global plant-based yogurt market is expected to witness significant growth over the coming years.
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Plant-based Yogurt Market Segmentation
The global plant-based yogurt market is segmented on the basis of nature, product type, application, flavour, price range, sales channel and region.
By Nature
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- Conventional
- Organic
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By Product Type
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- Cereal Type
- Oat
- Rice
- Corn
- Spelt
- Legume
- Soy
- Pea
- Peanut
- Lupin
- Chick Pea
- Nut
- Almond
- Coconut
- Hazelnut
- Pistachio
- Walnut
- Cashew
- Pili Nut
- Seed
- Sesame
- Flax
- Hemp
- Sunflower
- Pseudo Cereal
- Quinoa
- Teff
- Amarnath
- Cassava
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By Application
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- Household
- HoReCa
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By Flavour
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- Regular
- Vanilla
- Strawberry
- Blueberry
- Cherry
- Peach
- Raspberry
- Coconut
- Coffee
- Others
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By Price Range
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- Economic
- Mid-Range
- Premium
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By Sales Channel
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- Food Service
- Retail
- Modern Trade
- Convenience Stores
- Specialty Stores
- Discounters
- Independent Small Groceries
- E-commerce
- Others
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By Region
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- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
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Plant-based Yogurt Market Key Players
The key participating players of the global plant-based yogurt market include Califia, Chobani, Forager, Good Plants, Good Karma, Kite Hill, LAVVA, Nancy’s, Silk, So Delicious, among others.
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