The Rise of Plant-Based Yogurt: Market Trends and Opportunities
The global plant-based yogurt market size is expected to reach USD 7.53 billion by 2030, growing at a CAGR of 13.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising awareness about the health risks associated with excessive consumption of animal fats has led many consumers to seek healthier alternatives, with plant-based yogurt seen as a more heart-friendly option. Social media influence and effective marketing strategies have raised awareness and acceptance of plant-based yogurts among younger demographics. Additionally, the expansion of distribution channels, including increased shelf space in mainstream supermarkets and the growth of e-commerce, has improved product accessibility. Lastly, supportive government policies promoting plant-based diets in some regions have created a favorable environment for market growth, collectively driving the global expansion of the plant-based yogurt industry. There is a growing trend among co...