Plant Based Yogurt Market is expected to grow with a CAGR 19.5% from 2022 to 2028
As stated in our extensive report; providing insights on Segments (i.e., Nature, Product Type, Flavour, Price Range, Sales Channel and Region) Type, Key Driving Factors; the Global Plant Based Yogurt Market accounted for USD 1,329.5 Million in 2021.
Plant based yogurt is a creamy and healthful non-dairy vegan meals product that assists in the assembly of the dietary necessities of the vegan population. It is ready for the usage of plant sources, along with almonds, soy, coconuts, flax, hemp, oats, peas, and cashews. It is a wealthy supply of vitamins, minerals, amino acids, and vital fats, due to which assists in minimizing irritation and growing metabolism. Currently, the demand for vegan yogurt is increasing due to the growing adoption of veganism and its smooth availability in a big range of flavors, along with vanilla, strawberry, raspberry, combined berry, etc.
According to research via way of means of numerous institutes, which includes the University of Oxford, changing meat and dairy merchandise with lots of plant-primarily based ingredients can assist enhance human fitness and limiting greenhouse fuel line emissions.
“Key Factors Likely to Drive Growth of Plant Based Yogurt Market”
Several non-government organizations (NGOs) (NGOs) are selling the welfare of cattle and spreading focuses approximately the dietary blessings of an animal-loose diet, which in flip is strengthening the market boom. Apart from this, the growing incidence of persistent situations is influencing the income of low-fat vegan cheese because it facilitates the maintenance of glycemic milestones and reduces the risk of obesity, stroke, cholesterol and cancer. Furthermore, the main gamers are investing in appealing packaging answers to amplify their present purchaser base. Other elements predicted to reinforce the market boom encompass the developing quantity of lactose-illiberal people and massive campaigns undertaken via way of means of celebrities and different public figures to inspire the adoption of a vegan diet.
The only restrain with the Plant Based Yogurt Market is fluctuations within the charge of uncooked substances and the better production price of vegan yogurt is predicted to abate the boom of the market.
Europe holds the largest share in the Plant Based Yogurt Market and is expected to continue this trend in the forecast period.
Some of the key players in the Global Plant Based Yogurt Market include General Mills Inc., The Hain Celestial Group Inc., Trader Joe’s, Lyrical Foods Inc., Callifia, Chobani, Forager, Stonyfield Farm Inc. and others.
Browse the full Report - Plant Based Yogurt Market Size, Share & Trends Analysis Report by Nature (Conventional, Organic), by Product Type (Cereal Type, Oat, Legume, Nut), by Flavour (Regular, Vanilla, Strawberry, Blueberry), by Price Range (Economic, Mid-Range, Premium), by Sales Channel (Food Service, Retail, Modern Trade, Convenience Stores), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)