Plant-based Yogurt Market Overview
The report is titled ‘Plant-based Yogurt Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual Plant-based Yogurt Works, analytical approaches of the Plant-based Yogurt market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Plant-based Yogurt market is expected to grow at a significant rate in the near future.
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%
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.
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
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 Application
Household
HoReCa
By Flavour
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
Asia Pacific
Middle East
Africa
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.
Reports & Insights Overview on Plant-based Yogurt Market Report
The non-identical approach of Reports & Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Plant-based Yogurt market by Reports & Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Plant-based Yogurt
Advantages of Plant-based Yogurt
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment where one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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Base Year: | 2021 | Forecast Period: | 2022-2030 |
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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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Report Coverage: |
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Market Size: | USD 504.6 Mn in 2030 | CAGR: | X.X% |
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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%
The base year for the report is 2021 in plant-based yogurt market.
The global plant-based yogurt market is segmented on the basis of nature, product type, application, flavour, price range, sales channel and region
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.