Plant-based yogurt is made from plants and is often known as vegan or nondairy yogurt. It is made from plant-based substances. They are used as an alternative to normal dairy yogurt. It also contains oat milk, almond milk, coconut milk, rice milk, and soy milk. The fermentation of plant milk with probiotics is used to make plant-based yogurt. The plant-based yogurt has an acidic flavor. The flavor is obtained through fermentation, which also promotes the growth of beneficial bacteria that can benefit intestinal health. Furthermore, plant-based yogurt contains less saturated fat and comes in a range of flavors.
According to SPER market research, ‘Global Plant-based Yogurt Market Growth, Size, Trends Analysis – By Source, By Flavor, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Plant-based Yogurt Market is predicted to reach 11.57 billion by 2033 with a CAGR of 14.15%.
Drivers: Rising lactose intolerance and dairy allergies have increased demand for non-dairy alternatives, while growing health consciousness has driven customers to seek out plant-based solutions thought to be healthier. Concerns about environmental sustainability, notably the carbon footprint of dairy production, have led ecologically aware customers to seek out plant-based alternatives. The growing vegan and flexitarian population has contributed significantly to market growth. Technological advancements have enhanced the taste, texture, and nutritional profile of plant-based yogurts, making them more appealing to a larger customer base. Food firms’ increased investment in research and development has resulted in a broader variety of flavors and bases (such as almond, soy, coconut, and oat), appealing to a wide range of preferences.
Restraints: Vegan yogurts are more expensive than traditional dairy yogurts, which is one of the most significant obstacles facing the vegan yogurt market. Vegan alternatives often have much higher final costs due to the need for specialist plant-based materials and production procedures. Furthermore, many consumers remain unfamiliar with vegan products and suspicious of their flavor and nutritional value. Establishing brand recognition and educating consumers on the benefits of vegan options takes time.
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Impact of COVID-19 on Global Plant-based Yogurt Market
Sales of plant-based yogurt first declined as a result of COVID-19 restrictions on physical retailers. To reach customers across geographic borders, big firms are concentrating on e-commerce and online marketing in an effort to strengthen their market position. In addition, the pandemic made consumers 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.
Global Plant-based Yogurt Market Key Players:
North America dominated the plant-based yogurt market in 2022, and the trend is expected to continue during the forecast period. Plant-based yogurt is becoming increasingly popular as a vegan and dairy-free food, with a surge in demand for novel tastes. Furthermore, the availability of a number of varieties with varying formulas and ingredients has made plant-based yogurt a popular choice among North American consumers, expanding the Plant-based Yogurt Market Opportunity. Some significant market players are Danone; Hain Celestial; General Mills Inc; Stonyfield Farm, Inc; Kite Hill; and others.
Global Plant-based Yogurt Market Segmentation:
By Source: Based on the Source, Global Plant-based Yogurt Market is segmented as;
By Technology: Based on the Technology, Global Lithography Equipment Market is segmented as; ArF Scanners, KrF Steppers, i-line Steppers, ArF Immersion, Mask Aligners, and Others.
By Application: Based on the Application, Global Lithography Equipment Market is segmented as; Advanced Packaging, LED, MEMs, and Power Devices.
By Packaging Platforms: Based on the Packaging Platforms, Global Lithography Equipment Market is segmented as; 3D IC, 2.5D Interposer, Wafer Level Chip Scale Packaging, FO WLP Wafer, 3D WLP, and Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link: –
Plant-based Yogurt Market Growth
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