According to a recent survey conducted by ChemView Consulting, the Global Plant-based Yogurt Market grew at a CAGR of 10.6% between 2017-2021 and is estimated to be US$ 1897.4 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 12.9% and is expected to reach a valuation of US$ 6,384.1 Mn by 2032 end.
Plant-based yogurt is derived from plants and the increasing demand for plant-based products from the health-conscious population is expected to increase the market potential. is expected to further drive the growth of the yogurt market. The growing number of product launches and increasing availability of multiple brands and types of plant-based yogurt are expected to further increase the market potential of plant-based yogurts worldwide. Yogurt market registered a negative growth trend in 2020 due to the pandemic, but a good recovery is expected due to the resumption of global activity in the post-pandemic world.
Growing health awareness and focus on fitness are expected to have a positive impact on the potential of the plant-based yogurt market during the forecast period. Declining dairy consumption is also expected to favor the market potential of plant-based yogurts in the coming years. It will favor the growth of the plant-based yogurt market in the coming years. However, lack of awareness is expected to hamper the growth of the plant-based yogurt market in the long term.
The plant-based yogurt market is segmented on the basis of product type, style, flavor, price range and distribution channel. It has been. Based on product type, the market is segmented into cereal types, oats, legumes, nuts, seeds, and pseudocereals. Based on nature, the market is split into conventional and organic. Based on taste, the market is segmented into plain, vanilla, strawberry, blueberry, cherry, peach, raspberry, coconut, coffee, and others. Based on price range, the market is divided into economy, mid-range and premium. Based on distribution channel, the market is segmented into grocery service, retail, modern commerce, convenience stores, specialty stores, discount retailers, independent small grocery stores, e-commerce, and others.
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A list of some of the key suppliers present in the market are:
- Danone S.A.
- General Mills Inc.
- Oatly A.B.
- Forager Project
- Coyo Pty Ltd
- Nancy’s Probiotic Foods
- Chobani Global Holdings
- Kite Hill
- Daiya Foods Inc.
- GT’s Living Foods LLC
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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