In a recently released report, experts said that increasing demand for dairy alternatives based on oats, soybeans, cashews, and almonds is driving the market. The report predicts that the global plant-based yogurt market will reach US$12.2 billion by 2033, growing at a compound annual growth rate (CAGR) of 6%.
Consumer interest in these products is partly motivated by health reasons. The general assumption is that about 68% of the world's population suffers from lactose malabsorption (reduced ability to digest lactose). There is also a growing awareness of the environmental impact of buying dairy . . .
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