Plant-based Yogurt Market Size, Growth, Trends, Demand, Challenges and Future Opportunities
Plant-based Yogurt Market Growth, Size, Trends Analysis - By Source, By Flavor, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2025 | Report ID: FOOD2503 | Pages: 1 - 248 | Formats*: |
| Category : Food & Beverages | |||
Global Plant-based Yogurt Market Introduction and Overview
According to SPER Market Research, the Global Plant-based Yogurt Market is estimated to reach USD 11.57 billion by 2033 with a CAGR of 14.15%.
The report includes an in-depth analysis of the Global Plant-based Yogurt Market, including market size and trends, product mix, Applications, and supplier analysis. Plant-based yogurt is a creamy, healthful, non-dairy vegan food product that helps vegans achieve their nutritional requirements. It is composed of plant-based foods such as almonds, soy, coconuts, flax, hemp, oats, peas, and cashews. It is high in vitamins, minerals, amino acids, and vital fats, all of which assist to reduce inflammation and promote metabolism.
- Danone Canada's Silk brand debuted a new plant-based yogurt that contains Canadian pea protein and is high in protein in February 2024. Each 175g portion has a thick, Greek-style texture and 12g of protein. The new product has great taste, consistency, and nutritional benefits and comes in Vanilla and Key Lime flavors. Silk has also added new flavors and sizes to its lineup and changed the recipe for its current line of coconut-based yogurts.
- Marvelous Foods launched a new line of plant-based coconut yogurt products, Yeyo, at Ole supermarkets in October 2023. With 100 locations across 31 major cities and over 10 million registered members, Ole, a boutique grocery brand owned by China Resources Vanguard, is the largest premium supermarket chain in China. At first, Beijing's Ole stores would sell Yeyo yogurt.
- Müller, a well-known dairy company founded in Germany, announced in July 2023 that plant-based versions of its iconic products would be available in the UK. The products introduced were corner yogurts and rice pudding.
Market Opportunities and Challenges
Opportunities: The development of the plant-based yogurt sector has been greatly aided by technological developments in food processing and ingredient procurement. Food technology advancements have made it possible for producers to enhance the nutritional profile, flavor, and texture of plant-based yogurts, increasing their appeal to a wider market. Products that nearly resemble the creamy texture and tart flavor of conventional dairy yogurt have been produced thanks to the development of sophisticated fermentation techniques and the use of premium plant-based proteins. Additionally, biotechnology breakthroughs have produced new plant-based ingredients that improve the nutritional value of these products; for instance, the addition of pea protein and other plant-derived proteins has increased the protein content of plant-based yogurts, making them a good choice for consumers looking for foods high in protein.
Challenges: Plant-based yogurt is far more expensive than typical dairy yogurt. Plant-based yogurt, which is more expensive than ordinary yogurt, requires ingredients such as almonds, soy, coconut, and oats. Furthermore, plant-based yogurt is made on a big scale, with high production costs. Plant-based yogurt production is a complex process that necessitates the use of specialized tools and processes. Furthermore, research and development funding is required for the production of plant-based yogurt. Plant-based yogurt costs more than dairy yogurt, which is subject to restricted availability and high prices due to supply and demand dynamics.
Market Competitive Landscape
The worldwide plant-based yogurt business is extremely concentrated due to the existence of several behemoths. Many organizations are adapting their strategy to be competitive in a changing industry. This might include developing new products and buying existing plant-based alternative manufacturers. Businesses employ two major techniques to become more competitive: increasing their portfolio and expanding their distribution networks. Key market players are Danone; Hain Celestial; General Mills Inc; Stonyfield Farm, Inc; Kite Hill; Daiya Foods Inc; Chobani, LLC; Hudson River Foods; Good Karma Foods, Inc.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Source, By Flavor, By Distribution Channel |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Danone; Hain Celestial; General Mills Inc; Stonyfield Farm, Inc; Kite Hill; Daiya Foods Inc; Chobani, LLC; Hudson River Foods; Good Karma Foods, Inc. |
By Source Insights:
Soy yogurt generated significant revenue in 2023. Soybeans are high in protein and have a nutritional profile similar to dairy yogurt, appealing to health-conscious consumers. Furthermore, soy yogurt has a texture and flavor that are similar to typical dairy yogurt, making it an easy transition for consumers switching to plant-based diets. Soybeans' dominance is also due to its widespread availability and low cost, which allows manufacturers to produce soy-based yogurt easily and economically.
COVID-19 Impact on Global Plant-based Yogurt Market
The first decline in plant-based yogurt sales was caused by COVID-19 limits on physical retailers. By concentrating on e-commerce and online marketing, prominent firms are trying to strengthen their market position and attract customers beyond geographic borders. Additionally, the pandemic prompted consumers to look for products that boost immunity and other fortified products that offer health benefits. As a result, major players improved the composition of their yogurt products by adding organic ingredients, lowering the cholesterol content, and introducing vegan versions that don't contain any additional preservatives or additives.
Key Target Audience:
- Health-Conscious Consumers
- Vegan and Vegetarian Consumers
- Lactose-Intolerant Individuals
- Food & Beverage Manufacturers
- Retail Chains & Supermarkets
- E-commerce Platforms
- Specialty and Organic Food Stores
- Hospitality & Foodservice Industry
- Sports and Fitness Enthusiasts
- Dietary Supplement Manufacturers
- Exporters & Importers
- Distributors & Wholesalers
Our in-depth analysis of the Global Plant-based Yogurt Market includes the following segments:
| By Source: | |
| By Flavor : | |
| By Distribution Channel: |
Key Topics Covered in the Report:
- Global Plant-based Yogurt Market Size (FY’2024-FY’2033)
- Overview of Global Plant-based Yogurt Market
- Segmentation of Global Plant-based Yogurt Market By Source (Almond, Oat, Soy, Coconut, Others)
- Segmentation of Global Plant-based Yogurt Market By Flavor (Flavored Yogurt, Non-Flavored Yogurt)
- Segmentation of Global Plant-based Yogurt Market By Distribution Channel (B2B, B2C)
- Statistical Snap of Global Plant-based Yogurt Market
- Expansion Analysis of Global Plant-based Yogurt Market
- Problems and Obstacles in Global Plant-based Yogurt Market
- Competitive Landscape in the Global Plant-based Yogurt Market
- Impact of COVID-19 and Demonetization on Global Plant-based Yogurt Market
- Details on Current Investment in Global Plant-based Yogurt Market
- Competitive Analysis of Global Plant-based Yogurt Market
- Prominent Players in the Global Plant-based Yogurt Market
- SWOT Analysis of Plant-based Yogurt Market
- Global Plant-based Yogurt Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Plant-based Yogurt Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Plant-based Yogurt Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Plant-based Yogurt Market
7. Global Plant-based Yogurt Market, By Source (USD Million) 2020-2033
7.1. Global Plant-based Yogurt Market Size, Share and Forecast, By Source, 2020-20267.2. Global Plant-based Yogurt Market Size, Share and Forecast, By Source, 2027-20337.3. Almond7.4. Oat7.5. Soy7.6. Coconut7.7. Others
8. Global Plant-based Yogurt Market, By Flavor (USD Million) 2020-2033
8.1. Global Plant-based Yogurt Market Size, Share and Forecast, By Flavor, 2020-20268.2. Global Plant-based Yogurt Market Size, Share and Forecast, By Flavor, 2027-20338.3. Flavored Yogurt8.4. Non-Flavored Yogurt
9. Global Plant-based Yogurt Market, By Distribution Channel (USD Million) 2020-2033
9.1. Global Plant-based Yogurt Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Global Plant-based Yogurt Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. B2B9.4. B2C9.4.1. Hypermarkets & Supermarkets9.4.2. Specialty Stores9.4.3. Online9.4.4. Others
10. Global Plant-based Yogurt Market Forecast, 2020-2033 (USD Million)
10.1. Global Plant-based Yogurt Market Size and Market Share
11. Global Plant-based Yogurt Market, By Region, 2020-2033 (USD Million)
11.1. Global Plant-based Yogurt Market Size and Market Share By Region (2020-2026)11.2. Global Plant-based Yogurt Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle-East and Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Danone12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Hain Celestial12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. General Mills Inc
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Stonyfield Farm, Inc12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Kite Hill12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Daiya Foods Inc12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Chobani, LLC12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Hudson River Foods12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Good Karma Foods, Inc12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.10. Others12.9.4. Recent developments
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Plant-based Yogurt Market is projected to reach USD 11.57 billion by 2033, growing at a CAGR of 14.15% during the forecast period.
Plant-based Yogurt Market grew in Market size from 2024. The Market is expected to reach USD 11.57 billion by 2033, at a CAGR of 14.15% during the forecast period.
Plant-based Yogurt Market CAGR of 14.15% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Plant-based Yogurt Market size is USD 11.57 billion from 2024 to 2033.
Plant-based Yogurt Market is covered By Source, By Flavor, By Distribution Channel
The North America is anticipated to have the highest Market share in the Plant-based Yogurt Market.
The Key players in the Market include Companies Covered Danone; Hain Celestial; General Mills Inc; Stonyfield Farm, Inc; Kite Hill; Daiya Foods Inc; Chobani, LLC; Hudson River Foods; Good Karma Foods, Inc.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
