Nut milk yogurt is made up of almond milk and other ingredients such as Locust Bean Gum, Xanthan Gum, Agar, and Yogurt Starter. The nut milk yogurt is prepared by soaking almonds in water and then grinding them to fine texture and mixing up with other ingredients for flavors. Nut milk yogurt provides an alternative to vegan yogurt consumers and consumers who don’t like soy milk yogurt. The rise in lactose-intolerant people has created a demand for the nut milk yogurt. Also, nut milk yogurt is rich in vitamins such as Vitamin D and Vitamin E and low in sugar and calories which provide an alternative for people suffering from heart diseases and high blood sugar levels. Changes in lifestyle and food habits is also affecting the demand fornut milk yogurt.
The raw materials supply has been cut due to lockdown by every country which has led to a halt in production by manufacturers.
The market has not seen much change as being an essential commodity the demand has been intact.
The demand for nut milk yogurt will increase after the pandemic and lockdown seize as people will demand healthy vegan alternatives as the reason for a pandemic was from animal products.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The changes in lifestyle of modern consumers and concern toward healthy food habits and more people demanding plant-based vegan foods as an alternative to dairy products are the major factors that drive the growth of the global nut milk yogurt market. In addition, growth in lactose-intolerant people and rise in health issues in consuming milk-based yogurt boost the demand for nut milk yogurt globally. Moreover, soy milk yogurt doesn’t contain calcium and some people are allergic to soy milk, which makes them prefer nut milk yogurt. However, the major constraint of the nut milk yogurt market is the availability of raw materials in time and the competition from other low-cost vegan milk yogurt made from soy, rice, coconut, and other substitutes. The development in nut milk yogurt by manufacturers is to infuse perfect taste and flavors as per the traditional milk yogurt.
The global Nut Milk Yogurt Market trends are as follows:
New Exotic Flavors attracting Customer
The trend of fruit and vegetable-based yogurt is attar ting the health freak millennials with the adults both demanding varieties of flavors. Manufacturers are moving toward developing vegetable infused yogurt such as carrot, beet, squash, and fruits like strawberry, blackberries, and other exotic flavors. The demand for flavor-based yogurt has attracted new consumers in the nut milk yogurt market.
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Surge in demand by emerging economies in the Asia-Pacific
There has been a high demand for nut milk yogurt from the millennials of emerging economies of the Asia-Pacific market like China, India, Indonesia, and some developed economies. The rise in disposable income due to growth in the economy and health awareness due to heart disease and other cardiovascular problems consumers have started moving towards low calorie, low-sugar, and gluten-free yogurt. In addition, Asia-Pacific countries have the world’s highest population which makes it a wide market with open opportunities as the view and demand of people vary.
Key Segments Covered:
Health Food stores
Companies covered: Yili Group, Anchor, Junlebao, Bright Dairy & Food Co, Wei Chuan Foods, China Mengniu Dairy Company Limited, Nestle, Weidendorf, Danone, Green Valley Organics, and YOSO.
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Key Benefits of the Report:
This study presents the analytical depiction of the global nut milk yogurtindustry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global nut milk yogurtmarket share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global nut milk yogurtmarket growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global nut milk yogurtmarket analysis based on competitive intensity and how the competition will take shape in coming years.