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%
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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.
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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.
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