Plant-based Yogurt Market

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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