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Market Snapshot

CAGR:8.67

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.67

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Report Overview

The Soy-based Yogurt Market size is projected to grow at a CAGR of 7.62% between 2022 and 2032. The market size is expected to increase by USD 1,245.89 million. The growth of the market is driven by factors such as increasing consumer demand for plant-based alternatives to dairy products, rising awareness of health benefits associated with soy consumption, and the expanding variety of flavors and packaging options in the soy-based yogurt segment. Soy-based yogurt is a popular dairy-free alternative, offering a nutritious and palatable option for individuals seeking plant-based dietary choices.

Soy-based Yogurt Market Overview

Drivers

The shift toward plant-based diets is a major driver of the Soy-based Yogurt market growth. Consumers are increasingly opting for dairy-free alternatives due to health, ethical, and environmental reasons. Soy-based yogurt, derived from soy milk, provides a source of high-quality plant-based protein, essential nutrients, and probiotics, making it a favorable option for health-conscious individuals.

Furthermore, the growing prevalence of lactose intolerance and dairy allergies is fueling the demand for soy-based yogurt. Many consumers who are unable to tolerate dairy products are turning to soy-based alternatives as a way to enjoy yogurt without discomfort.

Trends

The diversification of flavors and packaging options is a notable trend in the Soy-based Yogurt market. Manufacturers are introducing a wide range of flavors, including fruit-infused, vanilla, chocolate, and savory options, catering to diverse taste preferences. The availability of various packaging formats, such as cups, pouches, and bottles, enhances consumer convenience and on-the-go consumption.

Innovation in ingredients and formulations is also contributing to market growth. Companies are incorporating additional functional ingredients, such as probiotics, vitamins, and minerals, to enhance the nutritional profile of soy-based yogurt.

Restraints:

Soy allergies and sensitivities among consumers can hinder market growth. While soy-based yogurt is considered a hypoallergenic alternative for many, individuals with soy allergies must avoid soy products entirely. This segment of consumers may opt for other non-soy alternatives, such as almond or coconut-based yogurt.

Additionally, the availability of a wide range of plant-based yogurt alternatives, including almond, coconut, and oat-based yogurts, could create competition for the soy-based yogurt market. Consumer preferences for different plant-based options could impact the market share of soy-based yogurt.

Soy-based Yogurt Market Segmentation By Type:

Flavored and plain soy-based yogurts are prominent segments in the market. Flavored options, featuring a variety of fruit and natural flavorings, appeal to consumers seeking a combination of taste and nutrition. Plain soy-based yogurt is favored by those who prefer to customize their yogurt experience with toppings, fruits, and sweeteners of their choice.

Soy-based Yogurt Market Segmentation By Packaging:

Cups, pouches, and bottles are key packaging formats in the Soy-based Yogurt market. Cups are widely used for their portability and convenience, making them a popular choice for on-the-go consumption. Pouches offer a lightweight and eco-friendly option, while bottles provide resealable packaging suitable for larger servings.

Soy-based Yogurt Market Segmentation By Distribution Channel:

Supermarkets and hypermarkets play a significant role in the distribution of Soy-based Yogurt, offering consumers easy access to a variety of brands and flavors. Convenience stores also contribute to market growth by providing convenient, quick purchases for consumers looking for single servings. The online retail channel is expanding, allowing consumers to explore and purchase a wide range of soy-based yogurt products from the comfort of their homes.

Regional Overview:

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North America is expected to dominate the global Soy-based Yogurt market during the forecast period. The region's growing awareness of plant-based diets, health-conscious consumer base, and well-established distribution channels contribute to its market leadership. The rising popularity of vegan and vegetarian lifestyles further fuels the demand for soy-based yogurt.

Europe is also anticipated to witness substantial growth, driven by the increasing adoption of plant-based diets and growing demand for dairy-free alternatives. The presence of a health-conscious population and a strong emphasis on sustainability contribute to the market's expansion in the region.

Soy-based Yogurt Market Customer Landscape:

The Soy-based Yogurt market industry report delves into consumer preferences, dietary choices, and purchasing behaviors related to plant-based products. It highlights factors influencing consumer decisions, such as flavor preferences, nutritional considerations, and packaging convenience. Understanding consumer needs and preferences enables companies to tailor their product offerings and marketing strategies.

Major Soy-based Yogurt Market Companies:
Companies in the Soy-based Yogurt market employ diverse strategies to enhance their market presence, including new flavor introductions, product innovation, and sustainable packaging initiatives.

Some key companies in the market include:

Danone S.A.
General Mills, Inc.
The Hain Celestial Group, Inc.
Stonyfield Organic
Silk (WhiteWave Services, Inc.)
Forager Project
Nancy's Probiotic Foods
Good Karma Foods, Inc.

The competitive landscape analysis provides insights into the market positioning, strengths, and weaknesses of key players, aiding businesses in making informed strategic decisions.

Segment Overview

The Soy-based Yogurt market report offers revenue forecasts at the global, regional, and country levels, along with an analysis of the latest trends and growth opportunities from 2023 to 2032.

Type Outlook (USD Million, 2023 - 2032)

Flavored
Plain

Packaging Outlook (USD Million, 2023 - 2032)

Cups
Pouches
Bottles

Distribution Channel Outlook (USD Million, 2023 - 2032)

Supermarkets & Hypermarkets
Convenience Stores
Online Retail
Others

Geography Outlook (USD Million, 2023 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
India

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Table of Contents

Global Soy-based Yogurt Market Professional Survey Report 2017
1 Industry Overview of Soy-based Yogurt
1.1 Definition and Specifications of Soy-based Yogurt
1.1.1 Definition of Soy-based Yogurt
1.1.2 Specifications of Soy-based Yogurt
1.2 Classification of Soy-based Yogurt
1.2.1 Plain Soy-based Yogurt
1.2.2 Flavored Soy-based Yogurt
1.3 Applications of Soy-based Yogurt
1.3.1 Under 18 Years Old
1.3.2 18-50 Years Old
1.3.3 Above 50 Years Old
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India

2 Manufacturing Cost Structure Analysis of Soy-based Yogurt
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Soy-based Yogurt
2.3 Manufacturing Process Analysis of Soy-based Yogurt
2.4 Industry Chain Structure of Soy-based Yogurt

3 Technical Data and Manufacturing Plants Analysis of Soy-based Yogurt
3.1 Capacity and Commercial Production Date of Global Soy-based Yogurt Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Soy-based Yogurt Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Soy-based Yogurt Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Soy-based Yogurt Major Manufacturers in 2016

4 Global Soy-based Yogurt Overall Market Overview
4.1 2012-2017E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2012-2017E Global Soy-based Yogurt Capacity and Growth Rate Analysis
4.2.2 2016 Soy-based Yogurt Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2012-2017E Global Soy-based Yogurt Sales and Growth Rate Analysis
4.3.2 2016 Soy-based Yogurt Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2012-2017E Global Soy-based Yogurt Sales Price
4.4.2 2016 Soy-based Yogurt Sales Price Analysis (Company Segment)

5 Soy-based Yogurt Regional Market Analysis
5.1 North America Soy-based Yogurt Market Analysis
5.1.1 North America Soy-based Yogurt Market Overview
5.1.2 North America 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.1.3 North America 2012-2017E Soy-based Yogurt Sales Price Analysis
5.1.4 North America 2016 Soy-based Yogurt Market Share Analysis
5.2 China Soy-based Yogurt Market Analysis
5.2.1 China Soy-based Yogurt Market Overview
5.2.2 China 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.2.3 China 2012-2017E Soy-based Yogurt Sales Price Analysis
5.2.4 China 2016 Soy-based Yogurt Market Share Analysis
5.3 Europe Soy-based Yogurt Market Analysis
5.3.1 Europe Soy-based Yogurt Market Overview
5.3.2 Europe 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.3.3 Europe 2012-2017E Soy-based Yogurt Sales Price Analysis
5.3.4 Europe 2016 Soy-based Yogurt Market Share Analysis
5.4 Southeast Asia Soy-based Yogurt Market Analysis
5.4.1 Southeast Asia Soy-based Yogurt Market Overview
5.4.2 Southeast Asia 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.4.3 Southeast Asia 2012-2017E Soy-based Yogurt Sales Price Analysis
5.4.4 Southeast Asia 2016 Soy-based Yogurt Market Share Analysis
5.5 Japan Soy-based Yogurt Market Analysis
5.5.1 Japan Soy-based Yogurt Market Overview
5.5.2 Japan 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.5.3 Japan 2012-2017E Soy-based Yogurt Sales Price Analysis
5.5.4 Japan 2016 Soy-based Yogurt Market Share Analysis
5.6 India Soy-based Yogurt Market Analysis
5.6.1 India Soy-based Yogurt Market Overview
5.6.2 India 2012-2017E Soy-based Yogurt Local Supply, Import, Export, Local Consumption Analysis
5.6.3 India 2012-2017E Soy-based Yogurt Sales Price Analysis
5.6.4 India 2016 Soy-based Yogurt Market Share Analysis

6 Global 2012-2017E Soy-based Yogurt Segment Market Analysis (by Type)
6.1 Global 2012-2017E Soy-based Yogurt Sales by Type
6.2 Different Types of Soy-based Yogurt Product Interview Price Analysis
6.3 Different Types of Soy-based Yogurt Product Driving Factors Analysis
6.3.1 Plain Soy-based Yogurt of Soy-based Yogurt Growth Driving Factor Analysis
6.3.2 Flavored Soy-based Yogurt of Soy-based Yogurt Growth Driving Factor Analysis

7 Global 2012-2017E Soy-based Yogurt Segment Market Analysis (by Application)
7.1 Global 2012-2017E Soy-based Yogurt Consumption by Application
7.2 Different Application of Soy-based Yogurt Product Interview Price Analysis
7.3 Different Application of Soy-based Yogurt Product Driving Factors Analysis
7.3.1 Under 18 Years Old of Soy-based Yogurt Growth Driving Factor Analysis
7.3.2 18-50 Years Old of Soy-based Yogurt Growth Driving Factor Analysis
7.3.3 Above 50 Years Old of Soy-based Yogurt Growth Driving Factor Analysis

8 Major Manufacturers Analysis of Soy-based Yogurt
8.1 Stonyfield Farm
8.1.1 Company Profile
8.1.2 Product Picture and Specifications
8.1.2.1 Product A
8.1.2.2 Product B
8.1.3 Stonyfield Farm 2016 Soy-based Yogurt Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.1.4 Stonyfield Farm 2016 Soy-based Yogurt Business Region Distribution Analysis
8.2 Prepared Foods
8.2.1 Company Profile
8.2.2 Product Picture and Specifications
8.2.2.1 Product A
8.2.2.2 Product B
8.2.3 Prepared Foods 2016 Soy-based Yogurt Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.2.4 Prepared Foods 2016 Soy-based Yogurt Business Region Distribution Analysis
8.3 Granarolo Group
8.3.1 Company Profile
8.3.2 Product Picture and Specifications
8.3.2.1 Product A
8.3.2.2 Product B
8.3.3 Granarolo Group 2016 Soy-based Yogurt Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.3.4 Granarolo Group 2016 Soy-based Yogurt Business Region Distribution Analysis
8.4 Yili Group
8.4.1 Company Profile
8.4.2 Product Picture and Specifications
8.4.2.1 Product A
8.4.2.2 Product B
8.4.3 Yili Group 2016 Soy-based Yogurt Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.4.4 Yili Group 2016 Soy-based Yogurt Business Region Distribution Analysis
8.5 Mengniu
8.5.1 Company Profile
8.5.2 Product Picture and Specifications
8.5.2.1 Product A
8.5.2.2 Product B
8.5.3 Mengniu 2016 Soy-based Yogurt Sales, Ex-factory Price, Revenue, Gross Margin Analysis
8.5.4 Mengniu 2016 Soy-based Yogurt Business Region Distribution Analysis

9 Development Trend of Analysis of Soy-based Yogurt Market
9.1 Global Soy-based Yogurt Market Trend Analysis
9.1.1 Global 2017-2022 Soy-based Yogurt Market Size (Volume and Value) Forecast
9.1.2 Global 2017-2022 Soy-based Yogurt Sales Price Forecast
9.2 Soy-based Yogurt Regional Market Trend
9.2.1 North America 2017-2022 Soy-based Yogurt Consumption Forecast
9.2.2 China 2017-2022 Soy-based Yogurt Consumption Forecast
9.2.3 Europe 2017-2022 Soy-based Yogurt Consumption Forecast
9.2.4 Southeast Asia 2017-2022 Soy-based Yogurt Consumption Forecast
9.2.5 Japan 2017-2022 Soy-based Yogurt Consumption Forecast
9.2.6 India 2017-2022 Soy-based Yogurt Consumption Forecast
9.3 Soy-based Yogurt Market Trend (Product Type)
9.4 Soy-based Yogurt Market Trend (Application)

10 Soy-based Yogurt Marketing Type Analysis
10.1 Soy-based Yogurt Regional Marketing Type Analysis
10.2 Soy-based Yogurt International Trade Type Analysis
10.3 Traders or Distributors with Contact Information of Soy-based Yogurt by Region
10.4 Soy-based Yogurt Supply Chain Analysis

11 Consumers Analysis of Soy-based Yogurt
11.1 Consumer 1 Analysis
11.2 Consumer 2 Analysis
11.3 Consumer 3 Analysis
11.4 Consumer 4 Analysis

12 Conclusion of the Global Soy-based Yogurt Market Professional Survey Report 2017
Methodology
Analyst Introduction
Data Source

List of Tables and Figures
Figure Picture of Soy-based Yogurt
Table Product Specifications of Soy-based Yogurt
Table Classification of Soy-based Yogurt
Figure Global Production Market Share of Soy-based Yogurt by Type in 2016
Figure Plain Soy-based Yogurt Picture
Table Major Manufacturers of Plain Soy-based Yogurt
Figure Flavored Soy-based Yogurt Picture
Table Major Manufacturers of Flavored Soy-based Yogurt
Table Applications of Soy-based Yogurt
Figure Global Consumption Volume Market Share of Soy-based Yogurt by Application in 2016
Figure Under 18 Years Old Examples
Table Major Consumers in Under 18 Years Old
Figure 18-50 Years Old Examples
Table Major Consumers in 18-50 Years Old
Figure Above 50 Years Old Examples
Table Major Consumers in Above 50 Years Old
Figure Market Share of Soy-based Yogurt by Regions
Figure North America Soy-based Yogurt Market Size (Million USD) (2012-2022)
Figure China Soy-based Yogurt Market Size (Million USD) (2012-2022)
Figure Europe Soy-based Yogurt Market Size (Million USD) (2012-2022)
Figure Southeast Asia Soy-based Yogurt Market Size (Million USD) (2012-2022)
Figure Japan Soy-based Yogurt Market Size (Million USD) (2012-2022)
Figure India Soy-based Yogurt Market Size (Million USD) (2012-2022)
Table Soy-based Yogurt Raw Material and Suppliers
Table Manufacturing Cost Structure Analysis of Soy-based Yogurt in 2016
Figure Manufacturing Process Analysis of Soy-based Yogurt
Figure Industry Chain Structure of Soy-based Yogurt
Table Capacity and Commercial Production Date of Global Soy-based Yogurt Major Manufacturers in 2016
Table Manufacturing Plants Distribution of Global Soy-based Yogurt Major Manufacturers in 2016
Table R&D Status and Technology Source of Global Soy-based Yogurt Major Manufacturers in 2016
Table Raw Materials Sources Analysis of Global Soy-based Yogurt Major Manufacturers in 2016
Table Global Capacity, Sales , Price, Cost, Sales Revenue (M USD) and Gross Margin of Soy-based Yogurt 2012-2017
Figure Global 2012-2017E Soy-based Yogurt Market Size (Volume) and Growth Rate
Figure Global 2012-2017E Soy-based Yogurt Market Size (Value) and Growth Rate
Table 2012-2017E Global Soy-based Yogurt Capacity and Growth Rate
Table 2016 Global Soy-based Yogurt Capacity (MT) List (Company Segment)
Table 2012-2017E Global Soy-based Yogurt Sales (MT) and Growth Rate
Table 2016 Global Soy-based Yogurt Sales (MT) List (Company Segment)
Table 2012-2017E Global Soy-based Yogurt Sales Price (USD/Kg)
Table 2016 Global Soy-based Yogurt Sales Price (USD/Kg) List (Company Segment)
Figure North America Capacity Overview
Table North America Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure North America 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure North America 2016 Soy-based Yogurt Sales Market Share
Figure China Capacity Overview
Table China Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure China 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure China 2016 Soy-based Yogurt Sales Market Share
Figure Europe Capacity Overview
Table Europe Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure Europe 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure Europe 2016 Soy-based Yogurt Sales Market Share
Figure Southeast Asia Capacity Overview
Table Southeast Asia Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure Southeast Asia 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure Southeast Asia 2016 Soy-based Yogurt Sales Market Share
Figure Japan Capacity Overview
Table Japan Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure Japan 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure Japan 2016 Soy-based Yogurt Sales Market Share
Figure India Capacity Overview
Table India Supply, Import, Export and Consumption (MT) of Soy-based Yogurt 2012-2017E
Figure India 2012-2017E Soy-based Yogurt Sales Price (USD/Kg)
Figure India 2016 Soy-based Yogurt Sales Market Share
Table Global 2012-2017E Soy-based Yogurt Sales (MT) by Type
Table Different Types Soy-based Yogurt Product Interview Price
Table Global 2012-2017E Soy-based Yogurt Sales (MT) by Application
Table Different Application Soy-based Yogurt Product Interview Price
Table Stonyfield Farm Information List
Table Product A Overview
Table Product B Overview
Table 2016 Stonyfield Farm Soy-based Yogurt Revenue (Million USD), Sales (MT), Ex-factory Price (USD/Kg)
Figure 2016 Stonyfield Farm Soy-based Yogurt Business Region Distribution
Table Prepared Foods Information List
Table Product A Overview
Table Product B Overview
Table 2016 Prepared Foods Soy-based Yogurt Revenue (Million USD), Sales (MT), Ex-factory Price (USD/Kg)
Figure 2016 Prepared Foods Soy-based Yogurt Business Region Distribution
Table Granarolo Group Information List
Table Product A Overview
Table Product B Overview
Table 2015 Granarolo Group Soy-based Yogurt Revenue (Million USD), Sales (MT), Ex-factory Price (USD/Kg)
Figure 2016 Granarolo Group Soy-based Yogurt Business Region Distribution
Table Yili Group Information List
Table Product A Overview
Table Product B Overview
Table 2016 Yili Group Soy-based Yogurt Revenue (Million USD), Sales (MT), Ex-factory Price (USD/Kg)
Figure 2016 Yili Group Soy-based Yogurt Business Region Distribution
Table Mengniu Information List
Table Product A Overview
Table Product B Overview
Table 2016 Mengniu Soy-based Yogurt Revenue (Million USD), Sales (MT), Ex-factory Price (USD/Kg)
Figure 2016 Mengniu Soy-based Yogurt Business Region Distribution
Figure Global 2017-2022 Soy-based Yogurt Market Size (MT) and Growth Rate Forecast
Figure Global 2017-2022 Soy-based Yogurt Market Size (Million USD) and Growth Rate Forecast
Figure Global 2017-2022 Soy-based Yogurt Sales Price (USD/Kg) Forecast
Figure North America 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Figure China 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Figure Europe 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Figure Southeast Asia 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Figure Japan 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Figure India 2017-2022 Soy-based Yogurt Consumption Volume (MT) and Growth Rate Forecast
Table Global Sales Volume (MT) of Soy-based Yogurt by Type 2017-2022
Table Global Consumption Volume (MT) of Soy-based Yogurt by Application 2017-2022
Table Traders or Distributors with Contact Information of Soy-based Yogurt by Region

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Soy Based Yogurt Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032