Vermont, United States-
Plant-Based Yogurt Market research report conducts study on production capacity, consumption, import and export for all major regions across the globe. The market study provides details of drivers and restraints for the Plant-Based Yogurt Market with the help of SWOT analysis, along with the impact they have on the demand over the forecast period. The report is based on the market type, organization size, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The comprehensive Plant-Based Yogurt Market report is helpful in knowing the general conditions prevailing in the market, the marketing and pricing strategy of competitors.
Data Bridge Market Research analyses that the Plant-Based Yogurt Market was valued at USD 3117.4 million in 2021 and is expected to reach the value of USD 13857.63 million by 2029, at a CAGR of 20.50% during the forecast period of 2022 to 2029.
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Plant-based yogurt is a creamy, healthy, non-dairy vegan food product that helps the vegan population meet their nutritional needs. It is made with plant-based ingredients such as almonds, soy, coconuts, flax, hemp, oats, peas, and cashews. It contains a high concentration of vitamins, minerals, amino acids, and essential fats, which helps to reduce inflammation and boost metabolism.
The primary factor driving the market in the medium term is increased consumer preference for non-dairy, low-calorie, high-protein, and healthier desserts. Furthermore, the growing popularity of low-fat plant-based yogurt and the introduction of healthy product variants in various flavours are likely to provide consumers looking for a healthy alternative to desserts with ample options. Furthermore, busy lifestyles and health and wellness concerns drive consumers to choose convenient plant-based yogurt as meal replacements.
Some of the major players operating in the plant-based yogurt market are:
Chr. Hansen Holding A/S (Denmark), Yakult Honsha Co., Ltd (Japan), Nestlé (Switzerland), DuPont (US), MORINAGA & CO., LTD (Japan), BioGaia AB (Sweden), Protexin (UK), Daflorn Probiotics UK (UK), DANONE (France), Yakult U.S.A. Inc. (US), Deerland Enzymes, Inc. (US), UAS Laboratories (US), Goerlich Pharma GmbH (Germany), SANZYME BIOLOGICS PVT. LTD. (India), DSM (Netherlands), NutraScience Labs (US),Kerry Group plc (Ireland), Lallemand Inc. (Canada), Lonza (Switzerland), Winclove Probiotics (Netherlands), Probi (Sweden)
Drivers
- Rising popularity of low-fat desserts
The rising popularity of low-fat, low-sugar desserts will propel the plant-based yogurt market. Furthermore, children’s rising demand for refreshing ice cream alternatives and rising consumer health awareness are macroeconomic factors that positively impact the global plant-based yogurt market.
- Rising disposable income and rising urbanisation
Another important factor is the growing demand for healthy dessert alternatives, and Plant-Based yogurts meet both of these needs, which will accelerate the plant-based yogurt market’s growth rate. The rise in disposable income and increasing urbanisation will boost the Plant-Based yogurt market’s growth rate
Opportunity
Increasing plant-based yogurt sales, primarily through online platforms, as online retailers offer a wide variety of plant-based yogurt, will accelerate the plant-based yogurt market’s growth rate.
Recent Development
- In 2021, Yasso introduced a new line of Greek yogurt bites called “Yasso Poppables” in coffee, sea salt caramel, vanilla bean, and mint flavours. These Plant-Based Greek yogurt bites are dipped in dark chocolate and topped with quinoa crunch. These poppables are now available in participating retail locations, including supermarkets.
- Yogurtland will roll out its first oat milk-based vegan Plant-Based yogurt flavour, “Plant-Based Cinnamon Oatmeal Cookie,” across participating locations in 2021. This addition came just in time following the launch of its Plant-Based Salted Chocolate Soufflé flavoured Plant-Based yogurt in January 2020, followed by the relaunch of its coconut milk-based flavour due to consumer demand.
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The plant-based yogurt market is segmented on the basis of nature, product type, flavour, price range, sales channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Category
- Conventional
- Organics
Product type
- Cereal Type
- Oat
- Legume
- Nut
- Seed
- Pseudo Cereal
Flavour
- Regular
- Vanilla
- Strawberry
- Blueberry
- Cherry
- Peach
- Raspberry
- Coconut
- Coffee
- Others
Product Type
- Economic
- Mid-Range
- Premium
Distribution channel
- Food Service
- Retail
- Modern Trade
- Convenience Stores
- Specialty Stores
- Discounters
- Independent Small Groceries
- E-commerce
- Others
Application
- Household
- HoReCa
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