The Plant-based Yogurt Market is Predict to reach USD 7.9 Billion by 2031, at a CAGR of 13.6%

Plant-based Yogurt Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Plant-based Yogurt Market size is expected to reach $7.9 billion by 2031, rising at a market growth of 13.6% CAGR during the forecast period.

The plant-based yogurt market is evolving rapidly, reflecting shifts in consumer preferences, technological advancements, and broader industry trends. Manufacturers are increasingly experimenting with various plant bases beyond traditional soy and almond. Novel bases such as oats, chickpeas, hemp, and flaxseed are gaining popularity due to their unique nutritional profiles and functional properties.

The Flavored Yogurt segment is registering a CAGR of 13.4 % during the forecast period. Flavored yogurts offer many taste options, appealing to diverse consumer preferences. This variety attracts a broader audience, including those new to plant-based products or seeking alternatives to traditional dairy flavors.

The B2C segment led the Global Plant-based Yogurt Market by Distribution Channel in 2023; thereby, achieving a market value of $5.4 billion by 2031. B2C channels, including supermarkets, health food stores, and online retailers, provide direct access to consumers. This direct interaction allows consumers to purchase plant-based yogurt products without intermediaries easily.

The Soy segment is growing at a CAGR of 12.8 % during the forecast period. Soy has been a staple in plant-based diets for many years. Its long history and widespread availability have established soy as a trusted and familiar option for consumers seeking plant-based yogurt. Soy-based yogurts are rich in protein, comparable to dairy yogurt.

Full Report: https://www.kbvresearch.com/plant-based-yogurt-market/

The Europe region dominated the Global Plant-based Yogurt Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3 billion by 2031. The North America region is anticipated to grow at a CAGR of 13.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness  a CAGR of 14.1% during (2024 - 2031).

List of Key Companies Profiled

• General Mills Inc.
• Danone S.A.
• Nancy’s Yogurt
• Nush Foods
• Califia Farms LLC
• Nestlé S.A.
• The Hain Celestial Group, Inc.
• Kite Hill
• Chobani LLC

Plant-based Yogurt Market Report Segmentation

By Flavor

• Flavored Yogurt
• Non-Flavored Yogurt

By Distribution Channel

• B2C
  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Online
  • Others
• B2B

By Source

• Soy
• Almond
• Coconut
• Oat
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Plant-based Yogurt Market Size & Analysis 2031

• September-2024
• 103 Pages

LAMEA Plant-based Yogurt Market Size | Growth Report to 2031

• September-2024
• 113 Pages

Europe Plant-based Yogurt Market Size, Share & Forecast 2031

• September-2024
• 113 Pages

Asia Pacific Plant-based Yogurt Market Size | Forecast 2031

• September-2024
• 114 Pages