Coconut Milk Yogurt Alternatives Market, By Product type (Spoonful and Drinkable), By Source (Plant based yogurt and Dairy based yogurt), By Nature (Conventional and Organic), By Flavors (Plain, Chocolate, Blueberries, Strawberry and Others), By Taste (Sweetened ( Sugar and Jaggery) and Unsweetened), By Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Stores and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Yogurt is a milk product which is obtained from milk specific microorganisms (Lactobacillus bulgaricus and Streptococcus thermophilus) by fermentation, which are viable, active and abundant for the product. There are many ways to obtain yogurt and some are noted below. For stirred-style yogurt, milk is fermented into jacketed fermentation tank and the content is stirred simultaneously fruits and flavors may be incorporated, then the yogurt is cooled and products are packaged and stored at refrigeration temperatures. For set-style yogurt, also known as French style, the milk is inoculated with ferments with addition of other ingredients (fruit preparation, sugar, flavors…) before packaging.

The fermentation process takes place in packages during the incubation period, after that product is cooled and stored at refrigeration temperatures. Drinking yogurt (stirred yogurt) contains low total solids content and which undergone homogenization to reduce the viscosity. Sweetener, flavoring and coloring ingredients may be added later and the product is packed in bottles. Coconut Milk Yogurt Alternative Market is estimated to be increased with a CAGR of 9.85%.

Impact of Covid-19 pandemic on market

Medical research have proved that products rich in proteins, vitamins A, B12, C, and D, minerals help to boost the immune system. Coconut milk yogurt contains such necessary functional elements. And hence, it has shown a positive impact on the sale during COVID-19. Demand has shown a positive outlook during the forecast period. In the future, COVID-19 will have a moderate influence on the yogurt market. Furthermore, lack of raw material and shutdown has shown a negative impact on the supply side during this period.

• Increase in demand due to veganism and flexitarians

Flexitarians are open to exotic flavors and love to experiment with their diet and prefer new flavors of yogurt. Growing concerns about animal welfare also increases the percentage of veganism in the overall customer hence increase plant based yogurt.

• Players are coming up with innovative ideas

Players not only keep in mind health but also about taste hence, coming up with innovative tastes like sea salt chocolate or turmeric yogurt. This can be the driving factor for this market.

• Unavailability of raw material 

Unavailability of raw material might hamper the market of coconut milk yogurt. Countries who have less production of milk can face the shortage of raw material and can be act as a restrain.

Coconut Milk Yogurt Alternatives Market is segmented based on product type, source, nature, flavors, taste, and distribution channel.

By Product type, the Coconut Milk Yogurt Alternative Market is segmented into Spoonful and Drinkable. By Source, the market is segmented in Plant based yogurt and Dairy based yogurt. By Nature, the Coconut Milk Yogurt Alternative Market is segmented into Conventional and Organic. By Flavors, the Coconut Milk Yogurt Alternative Market is segmented into Plain, Chocolate, Blueberries, Strawberry and Others. By taste, the Coconut Milk Yogurt Alternative Market is segmented into Sweetened (Sugar and Jaggery) and Unsweetened. By Distribution Channel, the Coconut Milk Yogurt Alternative Market is segmented into Supermarkets & Hypermarkets, Specialty stores, Online stores and Others.

Regional Insights:

On region, the Coconut Milk Yogurt Alternatives Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are dominating in this market due to trendy veganism and increased number in Mediterranean. Social media promotions are helping to increase the sale over the upcoming year. Health benefits and different taste are attracting consumers from developing economics of Asia. Coconut milk yogurt already penetrated in India, Brazil, China, and other countries to a great extent. Middle East and African Market shows slow progress but it will be better in the future due to its multiple application in the food industry.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented Coconut Milk Yogurt Alternatives Market report based on product type, source, nature, flavor, taste, distribution channel and region.

Coconut Milk Yogurt Alternatives Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexcio
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in Coconut Milk Yogurt Alternatives Market include Epigamia, Non- dairy chobani, So- delicious, Silk, Kite hill, Lavva, Oui by yoplai, Cocoyo, Coyo and Coconut collaborative. Producers are not only offering variety of yogurt but also amazing flavors like strawberry, blueberry and others. They are also coming up with innovative flavors like sea-salt chocolate or turmeric golden which are best liked by weight and health-conscious people, gourmet and kids.

• Epigamia
• Non- dairy chobani
•  So- delicious
• Silk pvt.
• Kite hill
•  Lavva
•  Oui by yoplai
•  Cocoyo
•  Coyo
• Coconut collaborative