Plant-Based Yogurt Market Increasing at A Phenomenal Pace to Reach more than USD 1656.65 Million by 2032

Major companies in plant-based yogurt market are amongst others. These players are set to bolster the development of global plant-based yogurt market.

According to analysts at Zion Market Research, the global Plant-Based Yogurt Market accounted for USD 538.47 Million in 2023 and is expected to reach USD 1656.65 Million by 2032, growing at a CAGR of 13.3% from 2024 to 2032.

This review is based on a report by Zion Market Research, titled “Global Plant based Yogurt Market by Source (Soy, Almond, Rice, and Others), by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores and Online): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.”

Growing preference for dairy-free products is predicted to expand the market growth

“Growing preference for dairy-free products is predicted to expand the market for plant-based nutritional products like vegan yogurts.,” says the author of this study. Reduced use of dairy products is due to an increase in lactose and gluten intolerance, the sour taste of dairy yogurt, and cow milk allergies. Increased demand for plant-based yogurt as a result of its functional value.

For decades, dairy consumption has been declining, with each generation drinking less milk than the one before it. Plant-based diets are fast gaining favor among the general public, with many people trying to replace dairy products, including vegan yogurt. Vegan yogurts with live bacteria and cultures provide the same digestive benefits as dairy yogurt. Plant-based yogurt manufacturers provide a wide range of yogurt bases as well as delicious flavors including strawberry, blueberry, coffee, and peach. They're also experimenting with new flavors, such as sea-salt chocolate and turmeric golden. Weight-conscious and health-conscious people, as well as gourmets and children, choose these yogurts.

Presence of Big Players In The Region Support North American Dominance

Regionally, Europe has been leading the worldwide plant-based yogurt market and is anticipated to continue on the dominant position in the years to come, states the plant-based yogurt market study. The presence of big players in the countries of Europe and preference towards dairy-free products are some of the key factors behind the dominance of the Europe’s personal care appliances market.

Browse the full “Global Plant based Yogurt Market by Source (Soy, Almond, Rice, and Others), by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores and Online): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/plant-based-yogurt-market

The global Plant-based Yogurt market is segmented as follows:

By Source

• Soy
• Almond
• Rice
• Others

By Distribution Channel

• Hypermarkets & Supermarkets
• Convenience Stores
• Specialty Stores
• Online

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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