In recent years, the lifestyle "Living green - breathing clean - eating healthy" has become a global trend. Consumers are increasingly concerned about health issues and limit the use of animal-processed foods to protect the environment. As the trend of healthy eating spreads strongly, plant-based yogurt is growing and popular with many consumers.
Plant-based yogurt (also known as non-dairy yogurt or vegan yogurt), is an alternative to traditional dairy yogurt and is made from plant-based ingredients such as soy, almonds, and coconut or cashew nuts.
These are a popular and suitable choice among consumers looking for dairy-free alternatives because they are lactose-free, vegan-friendly, allergen-friendly, and low in saturated fat, supporting sustainable agriculture.
POTENTIAL DEVELOPMENT OF PLANT-BASED YOGURT
In a poll conducted in 2022, up to 1,173 nutritionists around the world voted yogurt as the top "superfood" to eat in 2022.
A study by Kantar Singapore shows that the plant-based food market is expected to increase 5-fold and reach 162 billion USD by 2030, of which 40% of growth comes from the Asia-Pacific region. This shows that the plant-based food market is on a strong growth path, contributing to the growth of plant-based yogurt.
According to Allied Market Research 2023 report, the global plant-based yogurt industry is expected to reach $12,200.4 million by 2032, with an annual growth rate of 9.2% from 2023 to 2032.
FACTORS DRIVING THE PLANT-BASED YOGURT MARKET
The problem of lactose intolerance
Data from NIDDK shows that about 65% of the world's population is lactose intolerant. The health condition of people with lactose intolerance does not allow the consumption of dairy products from animals. As a result, their search for healthier alternatives to traditional dairy products has led to an increase in demand for plant-based yogurt.
Survey results from Kantar Singapore conducted in 2022 showed that 61% of consumers choose plant-based foods for their health benefits, and 83% actively seek new solutions to strengthen the immune system. This shows that consumers' health awareness has changed due to the impact of Covid-19.
Plant-based yogurts are low in fat and high in fiber, making them a popular choice among health-conscious people.
Benefits of Probiotics and Nutritional Value
Plant-based yogurt is a product fortified with essential vitamins and probiotics to maintain human health. Growing consumer awareness about the immense benefits of a plant-based diet is fueling the growth of the plant-based yogurt market.
Sustainable environmental factors
According to the assessment of the Food and Agriculture Organization of the United Nations, the global livestock industry has been causing alarming environmental problems such as climate change, water pollution, loss of biodiversity,... Accordingly, the livestock industry is responsible for 18% of total global greenhouse gas emissions.
Given the severe environmental impact of the livestock industry, many consumers are turning to plant-based options as a more sustainable solution.
WHY IS PLANT-BASED YOGURT A GREAT HEALTHY OPTION?
Improve bone and joint health
Calcium is an essential nutrient for strong bones, and dairy products are good sources of calcium. Plant-based yogurts are also high in calcium, which is especially beneficial if lactose intolerant or vegetarian because they don't contain any animal products.
Support gut health
Plant-based yogurt is rich in live probiotics and bacteria. This is a source of probiotics that help keep the gut healthy and prevent digestive disorders.
Rich source of healthy fats
Plant-based yogurt contains a healthy amount of unsaturated fats. These are 'good' fats that help promote heart health by reducing the risk of heart disease and high blood pressure.
Prevent type 2 diabetes
Plant-based yogurt is derived from plants and therefore contains high levels of fiber. This has the effect of creating a feeling of fullness longer, slowing down the process of glucose breakdown and absorption. From there, blood sugar levels do not increase suddenly, so sugar levels can be controlled, reducing the risk of developing type 2 diabetes.
GroupG Aisa Pacific provides innovative solutions with healthy and safe plant-based yogurt products to meet diverse market needs as well as solve customer problems.