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).
By Flavor
By Distribution Channel
By Source
Unique Offerings 
