The North America Plant-based Yogurt Market would witness market growth of 13.2% CAGR during the forecast period (2024-2031).
The US market dominated the North America Plant-based Yogurt Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,655.3 million by 2031. The Canada market is experiencing a CAGR of 15.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.6% during (2024 - 2031).
It is a type of yogurt alternative made from non-dairy sources, catering to those who are lactose intolerant, vegan, or looking to reduce their dairy consumption. It mimics the texture and taste of traditional dairy yogurt but is made using plant-based ingredients. It has a broad spectrum of applications, extending beyond its traditional use as a dairy substitute. These applications span various culinary, health, and lifestyle contexts, showcasing the versatility and adaptability of yogurt in different settings.
In addition, this serves as a nutritious and creamy ingredient in smoothies and shakes. Its ability to blend seamlessly with fruits, vegetables, and superfoods makes it an ideal choice for creating health-boosting beverages that cater to fitness enthusiasts and health-conscious individuals. This can replace dairy in sauces, dressings, and dips, offering a creamy texture and tangy flavor without the lactose. This application is particularly useful in creating vegan versions of classic recipes such as tzatziki, ranch dressing, and creamy pasta sauces.
The rise of Canada's food and beverage industry drives investment in research and development, leading to innovative yogurt formulations, such as those with unique flavor profiles or added functional ingredients. The industry’s growth encourages using Canadian-sourced ingredients in yogurt, such as locally grown fruits and nuts, which appeals to consumers interested in supporting local agriculture. Hence, North America's growing food and beverage processing sector is expected to boost the demand for plant-based yogurt in the region.
Free Valuable Insights: The Plant-based Yogurt Market is Predict to reach USD 7.9 Billion by 2031, at a CAGR of 13.6%
Based on Flavor, the market is segmented into Flavored Yogurt, and Non-Flavored Yogurt. Based on Distribution Channel, the market is segmented into B2C (Hypermarkets & Supermarkets, Specialty Stores, Online, and Others), and B2B. Based on Source, the market is segmented into Soy, Almond, Coconut, Oat, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Flavor
By Distribution Channel
By Source
By Country
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