LATAM Plant-Based Yogurt Market Size, Share, Opportunities And Trends By End-user (HoReCa, Household), Distribution Channel (Offline, Online), And By Country - Forecasts From 2022 To 2027

Published:  May 2022 Report Code: KSI061614201 Pages: 124

The LATAM Plant-Based Yogurt market size was valued at $XXX,XX million in 2020 and is projected to grow at a CAGR of XX.X% during the forecast period to reach US$XXX, XX million by 2027.

Millennials' growing preference for dairy-free products is anticipated to widen the market for plant-based natural health products such as vegan yogurts.  Plant-based yogurts are high in vitamins like B12 and probiotics. They are low in sugar, lactose-free, and gluten-free. Because of its similar texture to dairy yogurt, coconut, cashew-based, and soy yogurt have grown popular. The growing awareness about the natural supplement and health consciousness is expected to drive the growth of the LATAM Plant-Based Yogurt Market.

Latam Plant-Based Yogurt  Market Types

The LATAM Plant-Based Yogurt Market can be segmented into the avalibility of the type of plant-based yogurt.  The differnt type of plant-based yogurt available are Soya Yogurt, Almond Yogurt, Oat Yogurt, Cashew Yogurt, Hemp Yogurt, Pea Protein Yogurt, and Coconut Yogurt. Soy yogurt has a protein content similar to cow's milk, but it also benefits from replacing dietary fat with healthier unsaturated fats. Soy is a portion of healthy food for the majority of people. With a natural supplement for the dietary fat it is predicted that the Soya-based Yogurt would drive the market of Plant-Based Yogurt in the region. Brazil imported $201 of Yogurt in 2019, as per OEC; the rise in import of yogurt is expected to drive the market of plant-based yogurt for the forecasted period.

 Growth Trends in LATAM Plant-Based Yogurt Market

In LATAM men and women Plant-Based Yogurt consumption is associated with healthy metabolic profile and better diet quality. Argentina imported $26.6k of yogurt in 2020 as per OEC Data.LATAM is increasingly interested in low-fat and probiotic yogurt. Obesity concerns have prompted several health initiatives in South America, encouraging people to purchase fat-free yogurt. This may benefit them in terms of vitamins and calcium; obesity and unbalanced diets have caused consumers to switch from regular yogurt to low-fat  Plant-Based yogurt. Though yogurt consumption is low in South America, it is expected to rise in the coming years. As Per OEC; Mexico imported $10 million in Yogurt in 2020, making it the world's 41st largest importer of Yogurt. Mexico primarily imports yogurt from the United States ($10 million), the Dominican Republic ($3.84 million), France ($77), and Turkey ($68) making it the 41st largest importer of the yogurt which is expected to drive the growth for the LATAM Plant-Based Yogurt in the forecasted period.

Latam Plant-Based Yogurt Market Restrains

Lack of awareness regarding the advantages and dietary benefits and high prices and production costs are expected to impede the growth of the LATAM Plant-Based Yogurt market.

Covid Impact on Latam Plant-Based Yogurt market

Due to  Covid-19 restrictions and shutdowns were imposed, the distribution systems also experienced lags. On the consumer side, it has had a beneficial impact on plant-based yogurt sales. It is expected that items enriched with vitamins, proteins, and minerals help strengthen the immune system, and plant-based yogurt contains these essential functionalities. As a result, the pandemic had only a minimal effect on the  LATAM plant-based yogurt market.

Regional Analysis

Brazil is anticipated to be a relatively new plant-based yogurt market. Customers prefer  Plant-based yogurt in various flavors and for its advantages, as it contains key nutrients that are beneficial to bone health. Plant-Based  Yogurt consumption per capita in South America is expected to be half that of Europe, causing a huge opportunity for businesses and cruising the plant-based yogurt market in South America. Several European brands are looking to establish themselves in Brazil and intend to dominate the market. Offering consumers a healthy dietary product that they want is expected to boost the retailers' sales in the region. 

Key Market Segments

  • By End-User
    • HoReCa
    • Household
  • By Distribution Channel
    • Offline
    • Online
  • By Country
    • Mexico
    • Argentina
    • Brazil
    • Chile
    • Others

1. INTRODUCTION
1.1. Market Definition
1.2. Market Segmentation


2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. LATAM PLANT-BASED YOGURT MARKET BY END-USERS
5.1. Introduction
5.2. HORECA Industry
5.3. Household


6. LATAM PLANT-BASED YOGURT MARKET BY DISTRIBUTION CHANNEL
6.1. Introduction
6.2. Offline
6.3. Online


7. LATAM PLANT-BASED YOGURT MARKET BY COUNTRY
7.1. Introduction
7.2. Mexico
7.2.1. Mexico Plant-based Yogurt market, by End-Users
7.2.2. Mexico Plant-based Yogurt market, by Distribution Channel
7.3. Brazil
7.3.1. Brazil Plant-based Yogurt market, by End-Users
7.3.2. Brazil Plant-based Yogurt market, by Distribution Channel
7.4. Argentina
7.4.1. Argentina Plant-based Yogurt market, by End-Users
7.4.2. Argentina Plant-based Yogurt market, by Distribution Channel
7.5. Chile
7.5.1. Chile Plant-based Yogurt market, by End-Users
7.5.2. Chile Plant-based Yogurt market, by Distribution Channel
7.6. Others 


8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix


9. COMPANY PROFILES
9.1. Nestle
9.2. Zahini
9.3. Danone
9.4. Watts (Lonco Leche)

Nestle

Zahini

Danone

Watts (Lonco Leche) Komatsu

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