The Asia Pacific Plant-based Yogurt Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Plant-based Yogurt Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $632 million by 2031. The Japan market is registering a CAGR of 13.4% during 2024-2031. Additionally, the India market would showcase a CAGR of 14.9% during 2024-2031.
The adoption of this yogurt has accelerated significantly in recent years, driven by various factors, including health trends, dietary preferences, and evolving consumer attitudes. This yogurt is gaining traction due to its probiotic content, which supports digestive health. As consumers become more informed about the benefits of probiotics for gut health, they increasingly turn to plant-based yogurt as a viable option for maintaining a healthy digestive system.
Likewise, the availability of this in a wide range of retail and distribution channels has facilitated its adoption. This yogurt is now commonly found in mainstream supermarkets, online platforms, and health food stores, making it more accessible to consumers. Strategic product placement in grocery stores, including dedicated sections for plant-based products, has increased visibility and convenience. This enhanced placement encourages trial and repeat purchases among consumers.
Online retail platforms in China offer the convenience of 24/7 shopping, allowing consumers to purchase anytime, enhancing customer satisfaction and boosting sales. E-commerce in China provides various delivery options, including same-day or next-day delivery, which ensures it reaches consumers quickly and efficiently. Online retail platforms in China offer various yogurt products, including various flavors, formulations, and packaging options, catering to diverse consumer preferences. E-commerce channels allow consumers to access niche and premium yogurt products that might not be available in local stores, increasing product variety. In conclusion, the expansion of the region's distribution channels is driving the market's growth.
The China market dominated the Asia Pacific Plant-based Yogurt Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $632 million by 2031. The Japan market is registering a CAGR of 13.4% during 2024-2031. Additionally, the India market would showcase a CAGR of 14.9% during 2024-2031.
The adoption of this yogurt has accelerated significantly in recent years, driven by various factors, including health trends, dietary preferences, and evolving consumer attitudes. This yogurt is gaining traction due to its probiotic content, which supports digestive health. As consumers become more informed about the benefits of probiotics for gut health, they increasingly turn to plant-based yogurt as a viable option for maintaining a healthy digestive system.
Likewise, the availability of this in a wide range of retail and distribution channels has facilitated its adoption. This yogurt is now commonly found in mainstream supermarkets, online platforms, and health food stores, making it more accessible to consumers. Strategic product placement in grocery stores, including dedicated sections for plant-based products, has increased visibility and convenience. This enhanced placement encourages trial and repeat purchases among consumers.
Online retail platforms in China offer the convenience of 24/7 shopping, allowing consumers to purchase anytime, enhancing customer satisfaction and boosting sales. E-commerce in China provides various delivery options, including same-day or next-day delivery, which ensures it reaches consumers quickly and efficiently. Online retail platforms in China offer various yogurt products, including various flavors, formulations, and packaging options, catering to diverse consumer preferences. E-commerce channels allow consumers to access niche and premium yogurt products that might not be available in local stores, increasing product variety. In conclusion, the expansion of the region's distribution channels is driving the market's growth.
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
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 Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Asia Pacific Plant-based Yogurt Market by Flavor
Chapter 5. Asia Pacific Plant-based Yogurt Market by Distribution Channel
Chapter 6. Asia Pacific Plant-based Yogurt Market by Source
Chapter 7. Asia Pacific Plant-based Yogurt Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- 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
Methodology
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