Market Overview:
The global plant-based yogurt market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth in the market can be attributed to factors such as rising awareness about health benefits of plant-based yogurts, increasing demand for vegan and lactose free products, and growing number of health conscious consumers. The soy yogurt segment is expected to dominate the global plant-based yogurt market during the forecast period 2018-2030. This can be attributed to high demand for soy based products owing to their nutritional benefits over other dairy alternatives. The almond yogurt segment is projected to grow at a highest CAGR during the forecast period 2018-2030 owing to its high nutritional value and increasing popularity among health conscious consumers. In terms of application, household segment is expected to dominate the global plant based yogurt market during the forecast period 2018 - 2030 followed by HoReCa sector .
Product Definition:
A yogurt made from plants, typically soy or almond milk, that is thickened with a culture of bacteria. Plant-based yogurts are often high in protein and calcium. They can be enjoyed plain or sweetened with fruit or honey, and are a great way to add probiotics to your diet.
Soy Yogurt:
Soy yogurt is a plant-based dairy alternative made by fermenting soy milk. Soy has been used as an alternative to cow's milk for centuries and its consumption dates back to the time of The Ancients (ancient China and Japan). It was popular among American vegetarians in the 1960s, however, it gained traction in other parts of the world during the last decade.
Almond Yogurt:
Almond yogurt is a plant-based dairy alternative made from almonds, which has a similar consistency and taste as compared to regular dairy yogurt. It can be used in place of regular yogurt in any recipe that requires the texture or flavor of the traditional product. The growing vegan population across the globe is expected to drive demand for almond yogurt over the forecast period.
Application Insights:
The household application segment led the global market in 2017. The growing preference for plant-based yogurts among health-conscious consumers is expected to drive the demand for these products in households. Plant-based yogurt has a healthy dose of probiotics, which aid in digestion and help strengthen immunity against bacterial infections. These factors are projected to promote its use at homes across regions globally.
Household applications include cooking with yogurt, adding it to smoothies and fruit cups, using it as an ingredient in home cocktails and desserts, or simply eating it plain with breakfast cereals or by itself as a snack food product. HoReCa (or food service) applications include using plant-based yogurts as toppings on sandwiches made from bread baked from scratch daily or commercially; they are also used along with fruits when making smoothies for kids menu items at restaurants and cafĩs around the world.
Regional Analysis:
Europe dominated the global market in 2017, with a revenue share of more than 35.0%. The growth is attributed to increasing consumption of dairy products in countries, such as Germany and U.K., which has resulted from growing consumer awareness regarding health benefits associated with plant-based foods. Moreover, new product launches by prominent players such as Danone S.A., Otsuka Foods Co., Ltd.
Asia Pacific is projected to be one of the fastest-growing regional markets due to rising demand for plant-based foods from emerging economies including China.
Growth Factors:
- Increasing awareness about the health benefits of plant-based yogurt.
- Rising demand for healthy and nutritious food products.
- Growing popularity of veganism and vegetarianism.
- Proliferation of online retail channels that offer a wide variety of plant-based yogurts at competitive prices.
- increasing number of dairy-free consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant-Based Yogurt Market Research Report
By Type
Soy Yogurt, Almond Yogurt, Coconut Yogurt, Others
By Application
Household, HoReCa
By Companies
General Mills, Danone, Hain Celestial Group, Califia Farms, Ripple Foods, Lactalis (Stonyfield Farm), Daiya Foods, Good Karma Foods, Hudson River Foods, Nancy's Yogurt, Kite Hill, COYO Pty Ltd, Forager Project, Yoconut Dairy Free
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Plant-Based Yogurt Market Report Segments:
The global Plant-Based Yogurt market is segmented on the basis of:
Types
Soy Yogurt, Almond Yogurt, Coconut Yogurt, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, HoReCa
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Danone
- Hain Celestial Group
- Califia Farms
- Ripple Foods
- Lactalis (Stonyfield Farm)
- Daiya Foods
- Good Karma Foods
- Hudson River Foods
- Nancy's Yogurt
- Kite Hill
- COYO Pty Ltd
- Forager Project
- Yoconut Dairy Free
Highlights of The Plant-Based Yogurt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy Yogurt
- Almond Yogurt
- Coconut Yogurt
- Others
- By Application:
- Household
- HoReCa
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant-Based Yogurt Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant-based yogurt is yogurt made from plant-based ingredients, such as soy milk, almond milk, or coconut milk.
Some of the key players operating in the plant-based yogurt market are General Mills, Danone, Hain Celestial Group, Califia Farms, Ripple Foods, Lactalis (Stonyfield Farm), Daiya Foods, Good Karma Foods, Hudson River Foods, Nancy's Yogurt, Kite Hill, COYO Pty Ltd, Forager Project, Yoconut Dairy Free.
The plant-based yogurt market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant-Based Yogurt Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant-Based Yogurt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant-Based Yogurt Market - Supply Chain
4.5. Global Plant-Based Yogurt Market Forecast
4.5.1. Plant-Based Yogurt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant-Based Yogurt Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plant-Based Yogurt Market Absolute $ Opportunity
5. Global Plant-Based Yogurt Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plant-Based Yogurt Market Size and Volume Forecast by Type
5.3.1. Soy Yogurt
5.3.2. Almond Yogurt
5.3.3. Coconut Yogurt
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plant-Based Yogurt Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plant-Based Yogurt Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. HoReCa
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plant-Based Yogurt Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plant-Based Yogurt Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plant-Based Yogurt Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plant-Based Yogurt Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plant-Based Yogurt Demand Share Forecast, 2019-2026
9. North America Plant-Based Yogurt Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plant-Based Yogurt Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plant-Based Yogurt Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. HoReCa
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plant-Based Yogurt Market Size and Volume Forecast by Type
9.7.1. Soy Yogurt
9.7.2. Almond Yogurt
9.7.3. Coconut Yogurt
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plant-Based Yogurt Demand Share Forecast, 2019-2026
10. Latin America Plant-Based Yogurt Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plant-Based Yogurt Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plant-Based Yogurt Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. HoReCa
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plant-Based Yogurt Market Size and Volume Forecast by Type
10.7.1. Soy Yogurt
10.7.2. Almond Yogurt
10.7.3. Coconut Yogurt
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plant-Based Yogurt Demand Share Forecast, 2019-2026
11. Europe Plant-Based Yogurt Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plant-Based Yogurt Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plant-Based Yogurt Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. HoReCa
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plant-Based Yogurt Market Size and Volume Forecast by Type
11.7.1. Soy Yogurt
11.7.2. Almond Yogurt
11.7.3. Coconut Yogurt
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth otential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plant-Based Yogurt Demand Share, 2019-2026
12. Asia Pacific Plant-Based Yogurt Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plant-Based Yogurt Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plant-Based Yogurt Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. HoReCa
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plant-Based Yogurt Market Size and Volume Forecast by Type
12.7.1. Soy Yogurt
12.7.2. Almond Yogurt
12.7.3. Coconut Yogurt
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plant-Based Yogurt Demand Share, 2019-2026
13. Middle East & Africa Plant-Based Yogurt Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plant-Based Yogurt Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plant-Based Yogurt Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. HoReCa
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plant-Based Yogurt Market Size and Volume Forecast by Type
13.7.1. Soy Yogurt
13.7.2. Almond Yogurt
13.7.3. Coconut Yogurt
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plant-Based Yogurt Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plant-Based Yogurt Market: Market Share Analysis
14.2. Plant-Based Yogurt Distributors and Customers
14.3. Plant-Based Yogurt Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Mills
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hain Celestial Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Califia Farms
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ripple Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lactalis (Stonyfield Farm)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daiya Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Good Karma Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hudson River Foods
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nancy's Yogurt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kite Hill
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COYO Pty Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Forager Project
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yoconut Dairy Free
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook