+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Plant-based Yogurt Market Size, Share & Trends Analysis Report By Flavor (Flavored Yogurt and Non-Flavored Yogurt), By Distribution Channel (B2C and B2B), By Source (Soy and Others), By Regional Outlook and Forecast, 2024 - 2031

  • PDF Icon

    Report

  • 251 Pages
  • August 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004125
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.

A high level of innovation in food products characterizes the North American market. This yogurt is available in various options, including different bases (almond, coconut, and oat), flavors, and formulations, catering to diverse consumer preferences. Consequently, the North American region would acquire nearly 30% of the total market share by 2031.



Increasing consumer health consciousness is a major driver for the market. Many individuals are adopting vegan and vegetarian diets to address health concerns such as heart disease, diabetes, and obesity. In addition, ethical considerations and animal welfare are significant motivators for adopting vegan and vegetarian diets. Thus, rising trends of vegan and vegetarian diets are driving the market's growth.

Additionally, Food processing advancements, including improved extraction and fermentation technologies, enable more efficient and higher-quality production of this yogurt. Likewise, as consumers become more aware of health and wellness, including dietary preferences like veganism and lactose intolerance, the demand for plant-based alternatives, including yogurt, increases. Hence, expansion of the food processing industry worldwide is driving the growth of the market.

However, the production of this yogurt often involves higher costs than traditional dairy yogurt. These yogurts are made from alternative bases such as almonds, cashews, coconuts, and oats. The higher production costs of these yogurts often lead to higher retail prices than traditional dairy yogurts. In conclusion, the higher cost of this yogurt is hampering the market's growth.

Driving and Restraining Factors

Drivers

  • Rising trends of vegan and vegetarian diets
  • Expansion of the food processing industry worldwide
  • High incidence of lactose intolerance and dairy allergies

Restraints

  • Higher cost of plant-based yogurt
  • Shelf life and preservation issues

Opportunities

  • Integration with meal kits and subscription services
  • Expansion of distribution channels

Challenges

  • High competition with dairy alternatives
  • Consumer scepticism about processing

Flavor Outlook

Distribution Channel Outlook

By distribution channel, the market is divided into B2C and B2B. The B2B segment procured 29% revenue share in the market in 2023. Businesses such as restaurants, hotels, and institutions often require bulk purchases of this yogurt for their operations.



Source Outlook

On the basis of source, the market is segmented into soy, almond, coconut, oat, and others. In 2023, the almond segment attained 23% revenue share in the market. Almond-based yogurts are known for their mild, slightly nutty flavor and creamy texture. This makes them an appealing choice for consumers who enjoy a subtle, pleasant taste and a smooth consistency in their yogurt.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region witnessed 38% revenue share in the market in 2023. Europe has a strong trend towards health and wellness, with consumers increasingly seeking healthier food options. This yogurt is perceived as a healthier alternative to dairy yogurt, aligning with European consumers’ focus on nutrition and well-being.

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 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

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Plant-based Yogurt Market, by Flavor
1.4.2 Global Plant-based Yogurt Market, by Distribution Channel
1.4.3 Global Plant-based Yogurt Market, by Source
1.4.4 Global Plant-based Yogurt Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Plant-based Yogurt Market by Flavor
4.1 Global Flavored Yogurt Market by Region
4.2 Global Non-Flavored Yogurt Market by Region
Chapter 5. Global Plant-based Yogurt Market by Distribution Channel
5.1 Global B2C Market by Region
5.2 Global Plant-based Yogurt Market by B2C Type
5.2.1 Global Hypermarkets & Supermarkets Market by Region
5.2.2 Global Specialty Stores Market by Region
5.2.3 Global Online Market by Region
5.2.4 Global Others Market by Region
5.3 Global B2B Market by Region
Chapter 6. Global Plant-based Yogurt Market by Source
6.1 Global Soy Market by Region
6.2 Global Almond Market by Region
6.3 Global Coconut Market by Region
6.4 Global Oat Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Plant-based Yogurt Market by Region
7.1 North America Plant-based Yogurt Market
7.1.1 North America Plant-based Yogurt Market by Flavor
7.1.1.1 North America Flavored Yogurt Market by Region
7.1.1.2 North America Non-Flavored Yogurt Market by Region
7.1.2 North America Plant-based Yogurt Market by Distribution Channel
7.1.2.1 North America B2C Market by Country
7.1.2.2 North America Plant-based Yogurt Market by B2C Type
7.1.2.2.1 North America Hypermarkets & Supermarkets Market by Country
7.1.2.2.2 North America Specialty Stores Market by Country
7.1.2.2.3 North America Online Market by Country
7.1.2.2.4 North America Others Market by Country
7.1.2.3 North America B2B Market by Country
7.1.3 North America Plant-based Yogurt Market by Source
7.1.3.1 North America Soy Market by Country
7.1.3.2 North America Almond Market by Country
7.1.3.3 North America Coconut Market by Country
7.1.3.4 North America Oat Market by Country
7.1.3.5 North America Others Market by Country
7.1.4 North America Plant-based Yogurt Market by Country
7.1.4.1 US Plant-based Yogurt Market
7.1.4.1.1 US Plant-based Yogurt Market by Flavor
7.1.4.1.2 US Plant-based Yogurt Market by Distribution Channel
7.1.4.1.2.1 US Plant-based Yogurt Market by B2C Type
7.1.4.1.3 US Plant-based Yogurt Market by Source
7.1.4.2 Canada Plant-based Yogurt Market
7.1.4.2.1 Canada Plant-based Yogurt Market by Flavor
7.1.4.2.2 Canada Plant-based Yogurt Market by Distribution Channel
7.1.4.2.2.1 Canada Plant-based Yogurt Market by B2C Type
7.1.4.2.3 Canada Plant-based Yogurt Market by Source
7.1.4.3 Mexico Plant-based Yogurt Market
7.1.4.3.1 Mexico Plant-based Yogurt Market by Flavor
7.1.4.3.2 Mexico Plant-based Yogurt Market by Distribution Channel
7.1.4.3.2.1 Mexico Plant-based Yogurt Market by B2C Type
7.1.4.3.3 Mexico Plant-based Yogurt Market by Source
7.1.4.4 Rest of North America Plant-based Yogurt Market
7.1.4.4.1 Rest of North America Plant-based Yogurt Market by Flavor
7.1.4.4.2 Rest of North America Plant-based Yogurt Market by Distribution Channel
7.1.4.4.2.1 Rest of North America Plant-based Yogurt Market by B2C Type
7.1.4.4.3 Rest of North America Plant-based Yogurt Market by Source
7.2 Europe Plant-based Yogurt Market
7.2.1 Europe Plant-based Yogurt Market by Flavor
7.2.1.1 Europe Flavored Yogurt Market by Country
7.2.1.2 Europe Non-Flavored Yogurt Market by Country
7.2.2 Europe Plant-based Yogurt Market by Distribution Channel
7.2.2.1 Europe B2C Market by Country
7.2.2.2 Europe Plant-based Yogurt Market by B2C Type
7.2.2.2.1 Europe Hypermarkets & Supermarkets Market by Country
7.2.2.2.2 Europe Specialty Stores Market by Country
7.2.2.2.3 Europe Online Market by Country
7.2.2.2.4 Europe Others Market by Country
7.2.2.3 Europe B2B Market by Country
7.2.3 Europe Plant-based Yogurt Market by Source
7.2.3.1 Europe Soy Market by Country
7.2.3.2 Europe Almond Market by Country
7.2.3.3 Europe Coconut Market by Country
7.2.3.4 Europe Oat Market by Country
7.2.3.5 Europe Others Market by Country
7.2.4 Europe Plant-based Yogurt Market by Country
7.2.4.1 Germany Plant-based Yogurt Market
7.2.4.1.1 Germany Plant-based Yogurt Market by Flavor
7.2.4.1.2 Germany Plant-based Yogurt Market by Distribution Channel
7.2.4.1.2.1 Germany Plant-based Yogurt Market by B2C Type
7.2.4.1.3 Germany Plant-based Yogurt Market by Source
7.2.4.2 UK Plant-based Yogurt Market
7.2.4.2.1 UK Plant-based Yogurt Market by Flavor
7.2.4.2.2 UK Plant-based Yogurt Market by Distribution Channel
7.2.4.2.2.1 UK Plant-based Yogurt Market by B2C Type
7.2.4.2.3 UK Plant-based Yogurt Market by Source
7.2.4.3 France Plant-based Yogurt Market
7.2.4.3.1 France Plant-based Yogurt Market by Flavor
7.2.4.3.2 France Plant-based Yogurt Market by Distribution Channel
7.2.4.3.2.1 France Plant-based Yogurt Market by B2C Type
7.2.4.3.3 France Plant-based Yogurt Market by Source
7.2.4.4 Russia Plant-based Yogurt Market
7.2.4.4.1 Russia Plant-based Yogurt Market by Flavor
7.2.4.4.2 Russia Plant-based Yogurt Market by Distribution Channel
7.2.4.4.2.1 Russia Plant-based Yogurt Market by B2C Type
7.2.4.4.3 Russia Plant-based Yogurt Market by Source
7.2.4.5 Spain Plant-based Yogurt Market
7.2.4.5.1 Spain Plant-based Yogurt Market by Flavor
7.2.4.5.2 Spain Plant-based Yogurt Market by Distribution Channel
7.2.4.5.2.1 Spain Plant-based Yogurt Market by B2C Type
7.2.4.5.3 Spain Plant-based Yogurt Market by Source
7.2.4.6 Italy Plant-based Yogurt Market
7.2.4.6.1 Italy Plant-based Yogurt Market by Flavor
7.2.4.6.2 Italy Plant-based Yogurt Market by Distribution Channel
7.2.4.6.2.1 Italy Plant-based Yogurt Market by B2C Type
7.2.4.6.3 Italy Plant-based Yogurt Market by Source
7.2.4.7 Rest of Europe Plant-based Yogurt Market
7.2.4.7.1 Rest of Europe Plant-based Yogurt Market by Flavor
7.2.4.7.2 Rest of Europe Plant-based Yogurt Market by Distribution Channel
7.2.4.7.2.1 Rest of Europe Plant-based Yogurt Market by B2C Type
7.2.4.7.3 Rest of Europe Plant-based Yogurt Market by Source
7.3 Asia Pacific Plant-based Yogurt Market
7.3.1 Asia Pacific Plant-based Yogurt Market by Flavor
7.3.1.1 Asia Pacific Flavored Yogurt Market by Country
7.3.1.2 Asia Pacific Non-Flavored Yogurt Market by Country
7.3.2 Asia Pacific Plant-based Yogurt Market by Distribution Channel
7.3.2.1 Asia Pacific B2C Market by Country
7.3.2.2 Asia Pacific Plant-based Yogurt Market by B2C Type
7.3.2.2.1 Asia Pacific Hypermarkets & Supermarkets Market by Country
7.3.2.2.2 Asia Pacific Specialty Stores Market by Country
7.3.2.2.3 Asia Pacific Online Market by Country
7.3.2.2.4 Asia Pacific Others Market by Country
7.3.2.3 Asia Pacific B2B Market by Country
7.3.3 Asia Pacific Plant-based Yogurt Market by Source
7.3.3.1 Asia Pacific Soy Market by Country
7.3.3.2 Asia Pacific Almond Market by Country
7.3.3.3 Asia Pacific Coconut Market by Country
7.3.3.4 Asia Pacific Oat Market by Country
7.3.3.5 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Plant-based Yogurt Market by Country
7.3.4.1 China Plant-based Yogurt Market
7.3.4.1.1 China Plant-based Yogurt Market by Flavor
7.3.4.1.2 China Plant-based Yogurt Market by Distribution Channel
7.3.4.1.2.1 China Plant-based Yogurt Market by B2C Type
7.3.4.1.3 China Plant-based Yogurt Market by Source
7.3.4.2 Japan Plant-based Yogurt Market
7.3.4.2.1 Japan Plant-based Yogurt Market by Flavor
7.3.4.2.2 Japan Plant-based Yogurt Market by Distribution Channel
7.3.4.2.2.1 Japan Plant-based Yogurt Market by B2C Type
7.3.4.2.3 Japan Plant-based Yogurt Market by Source
7.3.4.3 India Plant-based Yogurt Market
7.3.4.3.1 India Plant-based Yogurt Market by Flavor
7.3.4.3.2 India Plant-based Yogurt Market by Distribution Channel
7.3.4.3.2.1 India Plant-based Yogurt Market by B2C Type
7.3.4.3.3 India Plant-based Yogurt Market by Source
7.3.4.4 South Korea Plant-based Yogurt Market
7.3.4.4.1 South Korea Plant-based Yogurt Market by Flavor
7.3.4.4.2 South Korea Plant-based Yogurt Market by Distribution Channel
7.3.4.4.2.1 South Korea Plant-based Yogurt Market by B2C Type
7.3.4.4.3 South Korea Plant-based Yogurt Market by Source
7.3.4.5 Singapore Plant-based Yogurt Market
7.3.4.5.1 Singapore Plant-based Yogurt Market by Flavor
7.3.4.5.2 Singapore Plant-based Yogurt Market by Distribution Channel
7.3.4.5.2.1 Singapore Plant-based Yogurt Market by B2C Type
7.3.4.5.3 Singapore Plant-based Yogurt Market by Source
7.3.4.6 Malaysia Plant-based Yogurt Market
7.3.4.6.1 Malaysia Plant-based Yogurt Market by Flavor
7.3.4.6.2 Malaysia Plant-based Yogurt Market by Distribution Channel
7.3.4.6.2.1 Malaysia Plant-based Yogurt Market by B2C Type
7.3.4.6.3 Malaysia Plant-based Yogurt Market by Source
7.3.4.7 Rest of Asia Pacific Plant-based Yogurt Market
7.3.4.7.1 Rest of Asia Pacific Plant-based Yogurt Market by Flavor
7.3.4.7.2 Rest of Asia Pacific Plant-based Yogurt Market by Distribution Channel
7.3.4.7.2.1 Rest of Asia Pacific Plant-based Yogurt Market by B2C Type
7.3.4.7.3 Rest of Asia Pacific Plant-based Yogurt Market by Source
7.4 LAMEA Plant-based Yogurt Market
7.4.1 LAMEA Plant-based Yogurt Market by Flavor
7.4.1.1 LAMEA Flavored Yogurt Market by Country
7.4.1.2 LAMEA Non-Flavored Yogurt Market by Country
7.4.2 LAMEA Plant-based Yogurt Market by Distribution Channel
7.4.2.1 LAMEA B2C Market by Country
7.4.2.2 LAMEA Plant-based Yogurt Market by B2C Type
7.4.2.2.1 LAMEA Hypermarkets & Supermarkets Market by Country
7.4.2.2.2 LAMEA Specialty Stores Market by Country
7.4.2.2.3 LAMEA Online Market by Country
7.4.2.2.4 LAMEA Others Market by Country
7.4.2.3 LAMEA B2B Market by Country
7.4.3 LAMEA Plant-based Yogurt Market by Source
7.4.3.1 LAMEA Soy Market by Country
7.4.3.2 LAMEA Almond Market by Country
7.4.3.3 LAMEA Coconut Market by Country
7.4.3.4 LAMEA Oat Market by Country
7.4.3.5 LAMEA Others Market by Country
7.4.4 LAMEA Plant-based Yogurt Market by Country
7.4.4.1 Brazil Plant-based Yogurt Market
7.4.4.1.1 Brazil Plant-based Yogurt Market by Flavor
7.4.4.1.2 Brazil Plant-based Yogurt Market by Distribution Channel
7.4.4.1.2.1 Brazil Plant-based Yogurt Market by B2C Type
7.4.4.1.3 Brazil Plant-based Yogurt Market by Source
7.4.4.2 Argentina Plant-based Yogurt Market
7.4.4.2.1 Argentina Plant-based Yogurt Market by Flavor
7.4.4.2.2 Argentina Plant-based Yogurt Market by Distribution Channel
7.4.4.2.2.1 Argentina Plant-based Yogurt Market by B2C Type
7.4.4.2.3 Argentina Plant-based Yogurt Market by Source
7.4.4.3 UAE Plant-based Yogurt Market
7.4.4.3.1 UAE Plant-based Yogurt Market by Flavor
7.4.4.3.2 UAE Plant-based Yogurt Market by Distribution Channel
7.4.4.3.2.1 UAE Plant-based Yogurt Market by B2C Type
7.4.4.3.3 UAE Plant-based Yogurt Market by Source
7.4.4.4 Saudi Arabia Plant-based Yogurt Market
7.4.4.4.1 Saudi Arabia Plant-based Yogurt Market by Flavor
7.4.4.4.2 Saudi Arabia Plant-based Yogurt Market by Distribution Channel
7.4.4.4.2.1 Saudi Arabia Plant-based Yogurt Market by B2C Type
7.4.4.4.3 Saudi Arabia Plant-based Yogurt Market by Source
7.4.4.5 South Africa Plant-based Yogurt Market
7.4.4.5.1 South Africa Plant-based Yogurt Market by Flavor
7.4.4.5.2 South Africa Plant-based Yogurt Market by Distribution Channel
7.4.4.5.2.1 South Africa Plant-based Yogurt Market by B2C Type
7.4.4.5.3 South Africa Plant-based Yogurt Market by Source
7.4.4.6 Nigeria Plant-based Yogurt Market
7.4.4.6.1 Nigeria Plant-based Yogurt Market by Flavor
7.4.4.6.2 Nigeria Plant-based Yogurt Market by Distribution Channel
7.4.4.6.2.1 Nigeria Plant-based Yogurt Market by B2C Type
7.4.4.6.3 Nigeria Plant-based Yogurt Market by Source
7.4.4.7 Rest of LAMEA Plant-based Yogurt Market
7.4.4.7.1 Rest of LAMEA Plant-based Yogurt Market by Flavor
7.4.4.7.2 Rest of LAMEA Plant-based Yogurt Market by Distribution Channel
7.4.4.7.2.1 Rest of LAMEA Plant-based Yogurt Market by B2C Type
7.4.4.7.3 Rest of LAMEA Plant-based Yogurt Market by Source
Chapter 8. Company Profiles
8.1 General Mills, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 SWOT Analysis
8.2 Danone S.A.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments
8.2.5.1 Product Launches and Product Expansions
8.2.6 SWOT Analysis
8.3 Nancy’s Yogurt
8.3.1 Company Overview
8.4 Nush Foods
8.4.1 Company Overview
8.5 Califia Farms LLC
8.5.1 Company Overview
8.6 Nestle S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 The Hain Celestial Group, Inc.
8.7.1 Company overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Kite Hill
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Chobani LLC
8.9.1 Company Overview
8.9.2 SWOT Analysis
Chapter 9. Winning Imperatives for Plant-based Yogurt Market

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

Loading
LOADING...