The flavored plan-based yogurt market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 3.72 billion and grow at a CAGR of 10.30% in the above-mentioned forecast period. Decrease in dairy product consumption acts as an essential factor driving the flavored plan-based yogurt market.
Plant-based products are nothing but those products that do not contain ingredients directly or indirectly related to animals. Milk is derived from different legumes, cereals, nuts, or seeds and then different products like cheese, yogurt, butter, ice-cream, dressing sauces, cream among others. Plant-based yogurt has a very high nutritional value, and most importantly now they are available in a variety of flavors.
Increased flexitarians and veganism in some parts of the world is a vital factor escalating the market growth, also rising concerns about animal welfare, increasing number of lactose and gluten intolerance, rising shift in the traction towards dairy-free products, among millennials, rising disposable income and increasing availability of the numerous flavours are the major factors among others driving the flavored plan-based yogurt market. Moreover, rising research and development activities and increasing modernization in the new products offered in the market will further create new opportunities for the flavored plan-based yogurt market in the forecast period of 2021-2028.
However, high cost of manufacturing and they are also low on the essential nutrients when compared to the normal yogurt which collectively acts as the major factors among others acting as restraints, and will further challenge the flavored plan-based yogurt market in the forecast period.
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To have the most brilliant level of market insights and knowhow of the most excellent market opportunities into the specific markets, the comprehensive Flavored Plan-Based Yogurt Market research report is an ideal key. The marketing report acts as a thorough synopsis on the study, analysis and estimation of the market and how it is affecting the Flavored Plan-Based Yogurt Market industry. It also makes available statistics on the current state of the industry and hence works as a valuable source of guidance and direction for companies and investors interested in this market. Besides, Flavored Plan-Based Yogurt Market document contains an extensive assessment of the markets growth prospects and restrictions.
The persuasive Flavored Plan-Based Yogurt Market report analyzes the market status, market share, current trends, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. The report is formed specifically by keeping in mind business needs of all sizes. To serve clients with the best in the industry, a team of experts, skilled analysts, dynamic forecasters and knowledgeable researchers work meticulously while preparing this report. As businesses can attain thorough insights with the steadfast Flavored Plan-Based Yogurt Market report, they can self-assuredly make decisions about their production and marketing strategies.
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Key questions answered in the Flavored Plan-Based Yogurt Market report.
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