Plant-Based YogurtMarket Size, Share, Growth Analysis
The analysis and estimations in the extensive Plant-Based Yogurt Market survey report offer insights into product launches, future products, joint ventures, marketing strategies, developments, mergers and acquisitions, and their impact on sales, marketing, promotions, revenue, import, export, and CAGR values. This market document encompasses a comprehensive study of product specifications, revenue, cost, price, gross capacity, and production. The global Plant-Based Yogurt Market research report enables clients to address every strategic aspect, including product development, specification, exploration of niche growth opportunities, application modeling, and entry into new geographical markets.
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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.
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.
Market Definition
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.
Report scope and Market Segmentation
| REPORT METRIC | DETAILS |
|---|---|
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Nature (Conventional, Organic), Product Type (Cereal Type, Oat, Legume, Nut, Seed, Pseudo Cereal), Flavour (Regular, Vanilla, Strawberry, Blueberry, Cherry, Peach, Raspberry, Coconut, Coffee, Others), Price Range (Economic, Mid-Range, Premium), Sales Channel (Food Service, Retail, Modern Trade, Convenience Stores, Specialty Stores, Discounters, Independent Small Groceries, E-commerce, Others), Application (Household, HoReCa) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
| Market Players Covered | 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) |
| Opportunities | • Rising popularity of low-fat desserts |
| • Rising plant based yogurt sales especially through online channels | |
| • Availability of wide variety of plant-based yogurt flavours |
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Key Influence of this Plant-Based Yogurt Market: