Plant-based Yogurt Market by Top Manufacturers with Production, Price, Revenue (value) and Market Share to 2033
The global plant-based yogurt market size
is likely to jump from US$ 4,489.87 million in 2023 to US$ 15,398.39 million by
2033. This projected expansion is anticipated to result from a remarkable 13.1%
CAGR in the demand for plant-based yogurt over the upcoming decade.
The plant-based yogurt market, which was until a few years
ago thought to be in its infancy, has taken off in part because of
flexitarians, who alternate between eating dairy and non-dairy products. Given
the rising popularity of plant-based diets, the plant-based yogurt market has
developed. Different plant-based diets have become more popular around the
globe. Plant-based yogurt has emerged as a new option to follow sustainable
dietary habits. Because of its nutritional advantages, plant-based yogurt is becoming
gradually popular in place of traditional dairy yogurt. Dairy products are
being consumed less frequently globally as a result of their declining shine.
One of the primary variables influencing the health
advantages of plant-based yogurt is the frequency of diseases brought on by
lactose intolerance. Demand for plant-based yogurt is also largely driven by
the nutritional advantages of lowering the likelihood of cardiovascular
disease. The popularity has been heightened by the growing trend of fortifying
plant-based yogurt with nutrients. Plant-based yogurt that has been enriched
with omega-3 fatty acids is one example. Health professionals are praising the
several advantages of eating plant-based cultured yogurt.
The texture and consistency of plant-based yogurt products,
however, are equivalent to those of traditional dairy products. Grain, seeds,
and nuts are a few of the typical plant-based ingredients utilized
in yogurt production. Soy, almond, hemp, oats, and coconut are a few of the
popular ones. Inconvenience and specialized stores throughout the world,
plant-based yogurt options are becoming more readily available. These yogurts
taste much better now and have more flavor options than ever before.
Consumption of environmentally friendly food items is the
primary promotional concept that plant-based yogurt supports. The adoption of
plant-based diets has increased as a result of this tendency. Food
manufacturers in the plant-based yogurt sector have discovered a vast
opportunity in products like these to demonstrate that they are concerned about
the environmental impact of packaged foods. It is reasonable to
conclude that beverages and yogurt made from plants are a developing market.
Information Source: https://www.futuremarketinsights.com/reports/plant-based-yogurt-market
Key Takeaways from the Plant-based Yogurt Market
- In
2022, the global plant-based yogurt market size stood at US$ 4,018.11
million.
- The
United States is leading the plant-based yogurt industry with a 20.8%
global market share in 2023.
- In
2023, Germany’s plant-based yogurt industry tracks the United States,
holding a 5.7% global market share.
- China
emerged as a prominent player in the Asia Pacific plant-based yogurt
industry, capturing a 5.6% global market share in 2023.
- In
2023, Australia possesses a modest 5.2% portion of the global plant-based
yogurt industry.
- Japan’s
plant-based yogurt industry secures a market share of 3.8% in 2023.
“For plant-based products in general and plant-based
yogurt in particular, North America and Europe remain particularly attractive
markets. These two regions have seen a significant rise in individuals adopting
vegetarian and vegan lifestyles. Nevertheless, changing trends are encouraging
expansion throughout the Asia Pacific. The cultural acceptance of plant-based
foods in certain countries is likely to contribute to a favorable environment
for growth.” according to Nandini Roy Choudhury, Client Partner at Future Market
Insights.
Key Players and Strategies for Success in the Plant-based
Yogurt Market
In the plant-based yogurt market, leading players are
adopting key strategies for success. They prioritize innovation, crafting a
wide array of flavorful options to entice consumers. Key market participants
are heavily concentrating on expanding their consumer base through joint
ventures or collaboration with other industry partners.
Top Brands in the Plant-based Yogurt Market
- Callifia
- Chobani
- Forager
- Good
Plants
- Good
Karma
- Kite
Hill
- LAVVA
- Nancy’s
- Silk
- So
Delicious
Recent Developments in the Plant-based Yogurt Market
- In
April 2022, a powerful plant-based yogurt base was introduced by MISTA, a
San Francisco-based development system, as its initial member-created
item. Customers can grab the plant-based yogurt base in the United States,
Europe, and certain locations in Latin America.
- In
November 2021, Plant Veda, a renowned producer of dairy alternatives,
confirmed the launch of “Plant Gurt,” a new plant-based yogurt that
includes millions of active probiotics and can be mixed with smoothies or
morning cereals.
Plant-based Yogurt Market Segmentation
By Nature:
- Conventional
- Organic
By Product Type:
- 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
By Flavor:
- Regular
- Vanilla
- Strawberry
- Blueberry
- Cherry
- Peach
- Raspberry
- Coconut
- Coffee
- Others
By Price Range:
- Economic
- Mid-Range
- Premium
By Sales Channel:
- Food
Service
- Retail
- Modern
Trade
- Convenience
Stores
- Specialty
Stores
- Discounters
- Independent
Small Groceries
- E-commerce
- Others
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- MEA
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