Plant-based Yogurt Market Forecast to Reach US$ 10.9 Bn by 2030 - Persistence Market Research

The global plant-based yogurt market is undergoing a transformative expansion, forecast to grow at a striking CAGR of 13.3% between 2023 and 2030. From a valuation of US$4.5 Bn in 2023, the market is anticipated to soar to US$10.9 Bn by 2030. This impressive growth trajectory underscores a broader consumer movement toward health, sustainability, and ethical consumption.

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Plant-based yogurt, made from almonds, oats, soy, coconut, or seeds, is gaining popularity among individuals seeking dairy-free, lactose-free, and environmentally responsible alternatives. These yogurts cater to the needs of consumers concerned with lactose intolerance, animal welfare, and the climate impact of traditional dairy farming. Among all plant-based food segments, yogurt has stood out for its versatility, variety in flavors, and increasing nutritional enrichment, driving its adoption across a wide range of demographics.

Among all segments, oat-based yogurt dominates the market due to its neutral flavor, creamy texture, and high fiber content, while seed-based yogurts are witnessing rapid growth. Regionally, Europe leads the market, thanks to a culture of sustainability and health-conscious food habits. South Asia and the Pacific are forecast to grow the fastest, driven by traditional plant-based culinary practices and rising wellness awareness.

Key Highlights from the Report:

➔ Oat-based yogurt is the leading product type due to its versatile flavor profile and nutritional value.
➔ Europe continues to dominate the global plant-based yogurt market, driven by ethical consumerism and favorable regulation.
➔ South Asia & Pacific are emerging as the fastest-growing regional market.
➔ Mid-range price category captures the largest market share, balancing affordability with quality.
➔ Retail remains the dominant distribution channel, though e-commerce is growing rapidly.
➔ Coffee-flavored yogurt is the fastest-growing flavor segment, driven by rising coffee culture.

Market Segmentation

The plant-based yogurt market is segmented by product type, flavor, price range, sales channel, and region. In terms of product type, oat-based yogurts are most popular, while seed-based yogurts are witnessing swift expansion. Among flavors, vanilla remains the most preferred, while coffee is gaining traction rapidly. Mid-range yogurt dominates the market due to its balance between affordability and quality. Retail, especially supermarkets and specialty stores, remains the most dominant sales channel, although e-commerce is accelerating due to convenience. Region-wise, Europe leads, followed by North America and rapidly growing markets in South Asia.

Regional Insights

Europe is the global leader in the plant-based yogurt market. Consumers in the region are increasingly embracing ethical and health-conscious consumption habits. Regulatory support for plant-based labeling and a high level of consumer education about sustainability drive the market in countries such as Germany, the UK, and France.

Meanwhile, South Asia and the Pacific are poised for robust long-term growth. Countries like India, Thailand, and Australia exhibit growing awareness about plant-based diets. The region's rich diversity in plant ingredients and increasing lactose intolerance cases are driving demand for dairy-free alternatives.

Market Drivers

A strong shift toward health-conscious living fuels the rise in plant-based yogurt consumption. Consumers are prioritizing low-cholesterol, nutrient-rich diets, particularly those avoiding animal-based products. The rising prevalence of lactose intolerance and dairy allergies further accelerates demand.

In addition to health concerns, increasing awareness of climate change and animal welfare issues also propels this market. Consumers are making deliberate choices aligned with environmental stewardship, pushing demand for sustainable food products. Companies capitalizing on these trends by offering organic, non-GMO, and fortified yogurts are experiencing increased consumer loyalty.

Market Restraints

Despite high growth, the plant-based yogurt market faces stiff competition. New entrants find it difficult to differentiate their products amidst an abundance of established brands. Maintaining brand loyalty and capturing shelf space in competitive retail environments are significant hurdles.

Supply chain volatility also presents challenges. Plant-based yogurt production depends on the steady availability of specific crops like oats, almonds, and soy. Any disruption caused by weather conditions, geopolitical tension, or raw material price surges can impact production.

Market Opportunities

Eco-friendly packaging is an emerging opportunity. Brands investing in biodegradable or reusable containers attract environmentally conscious consumers. Sustainable packaging not only supports brand differentiation but also aligns with the broader plant-based ethos.

Another lucrative opportunity lies in the enrichment of plant-based yogurts with functional ingredients. Probiotics, prebiotics, vitamins, and superfoods like chia or flax can add value and attract the health-focused segment. These innovations position plant-based yogurts as not just alternatives, but superior nutritional options.

Reasons to Buy the Report:

✔ Comprehensive insights into key market segments including product type, flavor, and region
✔ In-depth analysis of current market trends and future growth opportunities
✔ Competitive intelligence to benchmark against major industry players
✔ Access to recent innovations, product launches, and strategic developments
✔ Regional forecasts to support market entry and expansion strategies

Company Insights:

• Callifia
• Chobani
• Forager
• Good Plants
• Good Karma
• Kite Hill
• LAVVA
• Nancy's
• Silk
• So Delicious

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