Plant-Based Yogurt Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Plant-Based
Yogurt Market: Market Outlook
Plant-based
products are nothing but those products which do not contain ingredients
directly or indirectly related to animals. Milk is derived from different
cereals, legumes, nuts, or seeds and then different products like yogurt,
cheese, butter, ice-cream, dressing sauces, cream, and many more. The Mediterranean who
wants to find the balance between meat consumption and dairy products are
mostly preferring such plant-based products. Plant-based yogurt has a high
nutritional value, and most importantly now they are available in a variety of
flavors.
Plant-based
yogurts are lactose, gluten-free, low on sugar but rich in Probiotics
and Vitamins like B12. Soy, coconut, and cashew-based yogurt have gained more
attention from consumers because of its texture which almost resembles dairy
yogurt. Elizabeth Fisher, CEO of Lavva yogurt, made yogurt in 2017-18 using
pili nut and coconut milk which is high in fats, helped her recover from stage
four Ovary Cancer (a compliment to her treatment). Comparatively low on
Calcium, Vitamin D, added sugar, thickening additives, nut allergy, and others
become restraining factors for plant-based yogurt market.
Plant-Based Yogurt Market:
Market Dynamics
Increase in demand for Plant-based yogurt due to a decrease in
dairy product consumption
The Rising
number of lactose and gluten intolerance, the sour taste of dairy yogurt, and
allergy of cow milk are being the reason for the reduced consumption of dairy
products. In return, increase in demand for plant-based yogurt knowing its
functional value.
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Increase in demand for Plant-based Yogurt due to increased
Flexitarians and Veganism
Flexitarians
are open to exotic flavors. They love to experiment with their diet and prefer
new flavors of yogurt. Growing concerns about animal welfare in also increasing
the percentage of veganism in the overall customers. These factors are driving
the plant-based yogurt market.
More
Trending Reports
Manufacturers offering unique features in Plant-based yogurt to
drive sales
Producers
of plant-based yogurts are offering not only a variety of yogurts bases but
also amazing flavors like strawberry, blueberry, coffee, peach, etc. They are
also coming up with innovative flavors like sea-salt chocolate or turmeric
golden. These yogurts are best-liked by weight and health-conscious, gourmet,
and kids.
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