9 Feb
2024
Highlights:
The vegan revolution has changed the dietary habits and preferences of people all across the globe. Many meat or dairy products are now being replaced by products which have a plant base. Plant-based steak, cashew milk-based mozzarella, chive-based cream cheese, etc., are some of the popular products that are slowly replacing conventional dairy and meat food products. Vegan yogurt or plant-based yogurt is another such example wherein the main dairy ingredient, i.e., milk is replaced by plant-based ingredients. Generally, the ingredients used for plant-based yogurts include soymilk, coconut milk, or cashew milk. In some cases, oat milk is also used for yogurt production. The coconut segment, in fact, is anticipated to be the highest grossing segment and gather an absolute revenue of $2,816 million by 2032.
Apart from ingredients, the process of production of plant-based yogurts also differs from traditional yogurt. Unlike dairy yogurts, to give a tangy taste and creamy texture to the vegan yogurt, bacteria are introduced in the plant-based milk which carries on the fermentation process.
Plant-based yogurt and heart-related benefits
Plant-based yogurt is essentially rich in potassium; regular consumption of vegan or plant-based protein thus increases potassium content in the body which helps in lowering blood pressure and stabilizing it. Furthermore, plant-based yogurts are a rich source of healthy fats. They help in keeping a check on cholesterol and prevent blood pressure from shooting up. Both these factors, collectively, have a positive impact on heart health.
Minimizing the risk of Type-2 diabetes
Non-dairy or vegan yogurts do not contain milk and hence are devoid of lactose. As a result, they help in regulation of body sugar. At the same time, the protein in these yogurts helps in slowing down the digestion process which ensures that the body sugar levels do not rise suddenly. Also, ingredients in these yogurts help in proper processing of carbohydrates. Thus, replacing dairy yogurt with plant-based yogurt in daily diet can reduce the risk of Type-2 diabetes.
Boosts immunity
Plant-based yogurts are easier to digest as compared to conventional dairy yogurt. This is due to the high probiotic and prebiotic content of vegan yogurts which help in improving gut health. Moreover, non-dairy yogurts are rich in antioxidants which aid in dealing with the free radicals in the body. The vitamins present in these yogurts, along with the antioxidants, prevent cells from damaging prematurely. Furthermore, adding plant-based yogurt to daily diet denies the growth of bad bacteria in the body. All these factors result in strengthening immunity and bring down the chances of contracting regular illnesses.
Rise of veganism in Asia-Pacific
In the past few years, various countries in the Asia-Pacific region have registered a substantial rise in the number of vegans. There are multiple reasons behind this trend; firstly, the proportion of lactose intolerant people has been continuously increasing which has compelled these people to go vegan. At the same time, some people have shifted to veganism owing to the rising awareness regarding the health-benefits of plant-based diet. Moreover, many celebrities, sports personalities, and social workers have adopted vegan lifestyles and have even appealed to their fans and followers to do the same. This has also contributed to taking this movement forward. All these factors have helped the global plant-based yogurt industry to flourish in the Asia-Pacific region. As a result, the Asia-Pacific region is expected to be the fastest growing region with a CAGR of 10.2% in the 2022-2032 timeframe.
Innovative trends in the plant-based yogurt industry
Increasing demands for dairy alternatives have led to many dairy companies investing in the development of vegan yogurt products. Since the industry is rather new, these companies have taken the freedom to experiment with the ingredients. This innovative spirit of the leading companies in the industry has resulted in the launch of several innovative products. For instance, Siggi's, Iceland’s dairy company famous for its Skyr yogurt, released launched a plant-based yogurt product. Produced using coconut milk, macadamia nuts, and natural flavors, the product has garnered widespread attention. Furthermore, in a unique step, the company has added pea protein to the yogurt which makes it a healthy choice for consumers.
In a similar product launch, Lavva, a plant-based food company, announced the launch of its pili nut yogurt. Pili nuts are known for their high protein and mineral content, and their use for yogurt production has been considered as a revolutionary step in furthering the cause of plant-based foods. The pili nut yogurt has become a popular choice for youngsters as many nutritionists have given positive reviews for this product.
To summarize, the gradual shift towards plant-based diet is sure to help the plant-based yogurt industry to flourish in the next few years. The rise of veganism in the Asia-Pacific region will also help in augmenting the growth rate of the industry. Additionally, innovative product launches by companies will create favorable conditions of growth for the industry.
For detailed insights on how to maximize opportunities offered by the plant-based yogurt industry, feel free to contact us.
Akhilesh Prabhugaonkar
Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.
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