News

The global plant-based yogurt market could grow to $12.1 billion by 2033

Yoghurt
Dairy
Hungary
Market & Price Trends
Published Nov 29, 2023

Tridge summary

The global vegan yogurt market is expected to reach $12.2 billion by 2033, driven by the increasing demand for plant-based alternatives. This demand is motivated by health concerns, as a large percentage of the population has difficulty digesting lactose, as well as growing awareness of the environmental and ethical impact of the dairy industry. Many brands, both fully vegan and traditional dairy companies, now offer plant-based yogurt options to cater to this market.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Demand for dairy-free, purely plant-based yogurts has skyrocketed worldwide. The article is from Trade magazine 2023/11. can be read in its issue. According to forecasts, the global vegan yogurt market will swell to $12.2 billion by 2033, with a compound annual growth rate (CAGR) of 6%. In a recent report, experts stated that the market is being driven by growing demand for alternatives such as oats, soy, cashews and almonds. According to the report, consumer interest in these products is partly motivated by health. It is believed that about 68% of the world's population suffers from a reduced ability to digest lactose. In addition, the environmental impact of buying dairy products is becoming more and more aware: the dairy industry contributes about 4% to global greenhouse gas emissions, and also uses a huge amount of land and fresh water. The report also mentions the ...
Source: Trademagazin
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