Global Flavored Plan-Based Yogurt Market, By Nature (Conventional, Organic), Source Type (Cereal, Legume, Nuts, Seed, Pseudo Cereal), Flavor (Regular, Strawberry, Vanilla, Coffee, Raspberry, Blueberry, Cherry, Peach, Coconut, Others), Application (Bakery, Snacks, Desserts), Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Convenience Store, Online Retailing), End-Use (Household Retail, Food Service), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flavored Plan-Based Yogurt Market
The flavored plan-based yogurt market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 3.72 billion and grow at a CAGR of 10.30% in the above-mentioned forecast period. Decrease in dairy product consumption acts as an essential factor driving the flavored plan-based yogurt market.
Plant-based products are nothing but those products that do not contain ingredients directly or indirectly related to animals. Milk is derived from different legumes, cereals, nuts, or seeds and then different products like cheese, yogurt, butter, ice-cream, dressing sauces, cream among others. Plant-based yogurt has a very high nutritional value, and most importantly now they are available in a variety of flavors.
Increased flexitarians and veganism in some parts of the world is a vital factor escalating the market growth, also rising concerns about animal welfare, increasing number of lactose and gluten intolerance, rising shift in the traction towards dairy-free products, among millennials, rising disposable income and increasing availability of the numerous flavours are the major factors among others driving the flavored plan-based yogurt market. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the flavored plan-based yogurt market in the forecast period of 2021-2028.
However, high cost of manufacturing and they are also low on the essential nutrients when compared to the normal yogurt which collectively acts as the major factors among others acting as restraints, and will further challenge the flavored plan-based yogurt market in the forecast period.
The flavored plan-based yogurt market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flavored plan-based yogurt market contact Data bridge market research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Flavored Plan-Based Yogurt Market Scope and Market Size
The flavored plan-based yogurt market is segmented on the basis of nature, source type, flavor, application, distribution channel and end-use. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of nature, the flavored plan-based yogurt market is segmented into conventional and organic.
- Based on source type, the flavored plan-based yogurt market is segmented into cereal, legume, nuts, seed and pseudo cereal. Cereal has been further segmented into rice, oats, barley, emmer and others. Legume has been further segmented into chickpeas, adzuki beans, fava beans, lentils and others. Nus have been further segmented into almond, cashew, hemp, coconut and soy.
- Based on flavor, the flavored plan-based yogurt market is segmented into regular, strawberry, vanilla, coffee, raspberry, blueberry, cherry, peach, coconut and others.
- Based on application, the flavored plan-based yogurt market is segmented into bakery, snacks and desserts.
- Based on distribution channel, the flavored plan-based yogurt market is segmented into supermarket/hypermarket, specialty stores, convenience store and online retailing.
- The flavored plan-based yogurt market is also segmented on the basis of end-use into household retail and food service.
Flavored Plan-Based Yogurt Market Country Level Analysis
The flavored plan-based yogurt market is analysed and market size insights and trends are provided by country, nature, source type, flavor, application, distribution channel and end-use as referenced above.
The countries covered in flavored plan-based yogurt market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).
Europe dominates the flavored plan-based yogurt market due to rising number of campaigns on social media and satellite television channels, rising concerns about animal welfare and increasing number of lactose and gluten intolerance in this region. Asia-Pacific is the expected region in terms of growth in flavored plan-based yogurt market due to rising number of lactose intolerant people and growing consumer preference for a vegan diet in this region.
The country section of the flavored plan-based yogurt market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Flavored Plan-Based Yogurt Market Share Analysis
The flavored plan-based yogurt market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flavored plan-based yogurt market.
The major players covered in the flavored plan-based yogurt market report are Hain Celestial, Danone, General Mills Inc, Stonyfield Farm, Inc, DAIYA FOODS INC., Good Karma Foods, Hudson River Foods, Inc, NANCY'S, Kite Hill, Chobani, LLC, COYO Pty Ltd, Granarolo S.p.A., Yoplait USA, Inc, DAIYA FOODS INC, GOOD KARMA FOODS, INC, Barambah Organics Pty Ltd and Yoso among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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