Global Plant-Based Yogurt Ingredients 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 Plant-Based Yogurt Ingredients Market
The plant-based yogurt ingredients market is expected to witness market growth at a rate of 13.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on plant-based yogurt ingredients market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in health consciousness globally is escalating the growth of plant-based yogurt ingredients market.
Plant-based yogurts refer to the type of yogurt that are free from lactose and gluten, and are low on sugar but rich in Probiotics and Vitamins like B12. Plant-based products do not contain ingredients directly or indirectly related to animals. The milk used to prepare is derived from different legumes, seeds, cereals or nuts.
The increase in number of lactose and gluten intolerance across the globe acts as one of the major factors driving the growth of plant-based yogurt ingredients market. The rise in popularity of vegan lifestyle and considerable drawbacks of commercial animal agriculture, and consumers’ interest for conventional flavors accelerate the market growth. The increase in spending plant-based products as a result of increased prevalence of disorders including milk allergies, and rise in demand for product owning to the benefits of consuming cultured yogurt such as improving gut health and weight management further influence the market. Additionally, surge in spending on food, increase in number of vegan consumers, media influence on consumer, rise in health consciousness among consumers and availability of various flavors positively affect the plant-based yogurt ingredients market. Furthermore, product launch and introduction of new flavors in plant-based products extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, higher cost than regular yogurts and concerns regarding the use of excessive thickening agents and additives are expected to obstruct the market growth. The stringent regulations are projected to challenge the plant-based yogurt ingredients market in the forecast period of 2021 to 2028.
This plant-based yogurt ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 plant-based yogurt ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plant-Based Yogurt Ingredients Market Scope and Market Size
The plant-based yogurt ingredients market is segmented on the basis of nature, source type, flavor, application, distribution channel and end use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of nature, the plant-based yogurt ingredients market is segmented into conventional and organic.
- On the basis of source type, the plant-based yogurt ingredients market is segmented into cereal, legume, nuts, seed and pseudo cereal.
- On the basis of flavor, the plant-based yogurt ingredients market is segmented into regular, strawberry, vanilla, coffee, raspberry, blueberry, cherry, peach, coconut and others.
- On the basis of application, the plant-based yogurt ingredients market is segmented into bakery, snacks, and desserts.
- On the basis of distribution channel, the plant-based yogurt ingredients market is segmented into supermarket/hypermarket, specialty stores, convenience store, and online retailing.
- On the basis of end use, the plant-based yogurt ingredients market is segmented into household retail, and food service.
Plant-Based Yogurt Ingredients Market Country Level Analysis
The plant-based yogurt ingredients market is analyzed and market size, volume information is provided by country, nature, source type, flavor, application, distribution channel and end use as referenced above.
The countries covered in the global plant-based yogurt ingredients market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 plant-based yogurt ingredients market because of the increased number of campaigns on social media and satellite television channels within the region. Asia-Pacific is expected to witness growth during the forecast period of 2021 to 2028 due to the rise in awareness about gluten-free products on a domestic level in the region.
The country section of the plant-based yogurt ingredients 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.
Competitive Landscape and Plant-Based Yogurt Ingredients Market Share Analysis
The plant-based yogurt ingredients 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 plant-based yogurt ingredients market.
The major players covered in the plant-based yogurt ingredients market report are Danone S.A., Chobani, LLC., Hain Celestial, General Mills Inc., Valio Ltd, Granarolo S.p.A., Trader Joe's, Dahlicious, Triballat Noyal, The Icelandic Milk and Skyr Corporation, Oatly, Kite Hill., Stonyfield Farm, Inc., NANCY'S., Valsoia S.p.A., DAIYA FOODS INC., Follow Your Heart, Califia Farms, The Coconut Collaborative Ltd, and Yofix Probiotics Ltd., 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 analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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