Fermented Plant Based Dairy Market
Fermented Plant-Based Dairy Market Forecasts to 2032 – Global Analysis By Product Type (Plant-Based Yogurts, Cultured Cheeses, Fermented Beverages & Kefir Analogues, Sour Cream Analogues and Other Product Types), Source (Soy, Almond, Coconut, Oats, Cashew, Rice, Pea and Other Sources), Fermentation Type, Packaging Format, Distribution Channel, End User and By Geography
According to Stratistics MRC, the Global Fermented Plant-Based Dairy Market is accounted for $3.05 billion in 2025 and is expected to reach $5.66 billion by 2032 growing at a CAGR of 9.2% during the forecast period. Fermented plant-based dairy are non-dairy alternatives derived from plant sources such as soy, almond, oat, coconut, or cashew, which undergo controlled microbial fermentation. This process enhances nutritional value, texture, and shelf life while imparting probiotic benefits and a tangy flavor profile. These products mimic traditional fermented dairy items like yogurt or kefir, catering to vegan, lactose-intolerant, or health-conscious consumers. They are increasingly adopted in functional food markets for their gut-friendly properties and sustainable production attributes.
According to MDPI Foods Journal fermented plant-based beverages made from soy, oat, and rice showed viable lactic acid bacteria counts exceeding 7 log CFU/mL, meeting the minimum threshold for probiotic functionality in functional foods.
Market Dynamics:
Driver:
Rising lactose intolerance and dairy allergies
Consumers are actively seeking alternatives that offer digestive comfort without compromising on taste or nutrition. Fermented plant-based products, such as yogurts and kefirs made from almond, oat, or coconut bases, are gaining traction due to their probiotic benefits. These products cater to both health-conscious individuals and those with dietary restrictions. Additionally, the rise in veganism and flexitarian diets is amplifying demand for dairy-free fermented options across global markets.
Restraint:
Limited shelf life
Unlike traditional dairy, plant-based formulations often lack natural preservatives, making them more susceptible to spoilage. Maintaining probiotic viability while ensuring taste and texture over time requires advanced cold chain logistics and packaging innovation. This increases operational costs and limits distribution reach, especially in regions with underdeveloped infrastructure. Moreover, retailers may hesitate to stock short-shelf-life items, impacting market penetration.
Opportunity:
Rising middle-class health consciousness
The expanding middle class in emerging economies is driving demand for functional and clean-label foods, including fermented plant-based dairy. As disposable incomes rise, consumers are prioritizing wellness-oriented products that support gut health and immunity. Brands are responding with fortified offerings infused with prebiotics, vitamins, and adaptogens to appeal to this segment. Educational campaigns and influencer-led marketing are also shaping consumer perceptions, making fermented plant-based dairy a lifestyle choice rather than a niche substitute.
Threat:
Taste and texture challenges
Consumers accustomed to conventional yogurt or cheese may find plant-based versions lacking in sensory appeal. Achieving consistency across batches, especially with natural ingredients and live cultures, remains a technical hurdle. Negative first-time experiences can deter repeat purchases, affecting brand loyalty. Furthermore, cultural preferences for dairy-rich diets in certain regions may slow adoption of fermented plant-based alternatives.
Covid-19 Impact:
The COVID-19 pandemic had a dual impact on the fermented plant-based dairy market. On one hand, supply chain disruptions and labor shortages affected production and distribution, leading to temporary stockouts. On the other, heightened health awareness and the shift toward immunity-boosting foods accelerated demand for probiotic-rich products. Consumers embraced home cooking and functional nutrition, driving trial and adoption of fermented plant-based yogurts and beverages. The pandemic also catalyzed e-commerce growth, enabling direct-to-consumer models for niche brands.
The plant-based yogurts segment is expected to be the largest during the forecast period
The plant-based yogurts segment is expected to account for the largest market share during the forecast period due to their widespread consumer acceptance and versatility. These products offer a familiar format for probiotic intake and are available in diverse bases like almond, soy, oat, and coconut. Innovations in flavor profiles and texture enhancement are further boosting their appeal across age groups and dietary preferences.
The lactic acid fermentation segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the lactic acid fermentation segment is predicted to witness the highest growth rate driven by its ability to enhance taste, texture, and shelf life in plant-based dairy. This method supports the development of tangy, creamy products that mimic traditional dairy while delivering probiotic benefits. Technological advancements in microbial strains and fermentation control are enabling scalable production and product differentiation.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share fueled by rising lactose intolerance rates, urbanization, and growing health awareness. Countries like China, India, and Japan are witnessing increased demand for dairy alternatives, supported by government initiatives and retail expansion. The region’s rich tradition of fermented foods also aligns well with plant-based innovations.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by strong consumer demand for clean-label, functional foods and a robust plant-based ecosystem. The presence of leading brands, advanced R&D capabilities, and supportive regulatory frameworks are accelerating product launches. Additionally, the rise of flexitarianism and sustainability-driven purchasing is reshaping dairy consumption patterns.
Key players in the market
Some of the key players in Fermented Plant-Based Dairy Market include Danone S.A., Nestlé S.A., Oatly Group AB, Chobani LLC, Forager Project, Kite Hill, Califia Farms, Good Karma Foods, Lavva, Nancy’s Probiotic Foods, The Coconut Collaborative, Yeo Valley, Valio Ltd., Blue Diamond Growers, Ripple Foods, Daiya Foods Inc., Miyoko’s Creamery, and Plant Veda Foods Ltd.
Key Developments:
In October 2025, Chobani LLC raised $650M to fund expansions in Twin Falls, ID and Rome, NY. The capital supports increased capacity and innovation in plant-based and dairy segments. Valuation now stands at $20B.
In September 2025, Oatly Group AB issued SEK 1.7B in Nordic Bonds to prepay Term Loan B and cancel U.S. convertible notes. The move strengthens its balance sheet and supports future growth. It also secured a SEK 750M revolving credit facility.
In August 2025, Forager launched a multi-year initiative in Côte d'Ivoire to support organic cashew farming. Focus areas include sustainable agriculture, financial literacy, and gender empowerment.
Product Types Covered:
• Plant-Based Yogurts
• Cultured Cheeses
• Fermented Beverages & Kefir Analogues
• Sour Cream Analogues
• Other Product Types
Sources Covered:
• Soy
• Almond
• Coconut
• Oats
• Cashew
• Rice
• Pea
• Other Sources
Fermentation Types Covered:
• Lactic Acid Fermentation
• Alcoholic Fermentation
• Acetic Acid Fermentation
• Other Fermentation Types
Packaging Formats Covered:
• Cups & Tubs
• Bottles
• Pouches
• Cartons
• Other Packaging Formats
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Health Food Stores
• Online Retail
• Convenience Stores
• Specialty Stores
• Other Distribution Channels
End Users Covered:
• Household
• Foodservice
• Institutional
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fermented Plant-Based Dairy Market, By Product Type
5.1 Introduction
5.2 Plant-Based Yogurts
5.3 Cultured Cheeses
5.4 Fermented Beverages & Kefir Analogues
5.5 Sour Cream Analogues
5.6 Other Product Types
6 Global Fermented Plant-Based Dairy Market, By Source
6.1 Introduction
6.2 Soy
6.3 Almond
6.4 Coconut
6.5 Oats
6.6 Cashew
6.7 Rice
6.8 Pea
6.9 Other Sources
7 Global Fermented Plant-Based Dairy Market, By Fermentation Type
7.1 Introduction
7.2 Lactic Acid Fermentation
7.3 Alcoholic Fermentation
7.4 Acetic Acid Fermentation
7.5 Other Fermentation Types
8 Global Fermented Plant-Based Dairy Market, By Packaging Format
8.1 Introduction
8.2 Cups & Tubs
8.3 Bottles
8.4 Pouches
8.5 Cartons
8.6 Other Packaging Formats
9 Global Fermented Plant-Based Dairy Market, By Distribution Channel
9.1 Introduction
9.2 Supermarkets/Hypermarkets
9.3 Health Food Stores
9.4 Online Retail
9.5 Convenience Stores
9.6 Specialty Stores
9.7 Other Distribution Channels
10 Global Fermented Plant-Based Dairy Market, By End User
10.1 Introduction
10.2 Household
10.3 Foodservice
10.4 Institutional
10.5 Other End Users
11 Global Fermented Plant-Based Dairy Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Danone S.A.
13.2 Nestlé S.A.
13.3 Oatly Group AB
13.4 Chobani LLC
13.5 Forager Project
13.6 Kite Hill
13.7 Califia Farms
13.8 Good Karma Foods
13.9 Lavva
13.10 Nancy’s Probiotic Foods
13.11 The Coconut Collaborative
13.12 Yeo Valley
13.13 Valio Ltd.
13.14 Blue Diamond Growers
13.15 Ripple Foods
13.16 Daiya Foods Inc.
13.17 Miyoko’s Creamery
13.18 Plant Veda Foods Ltd.
List of Tables
1 Global Fermented Plant-Based Dairy Market Outlook, By Region (2024-2032) ($MN)
2 Global Fermented Plant-Based Dairy Market Outlook, By Product Type (2024-2032) ($MN)
3 Global Fermented Plant-Based Dairy Market Outlook, By Plant-Based Yogurts (2024-2032) ($MN)
4 Global Fermented Plant-Based Dairy Market Outlook, By Cultured Cheeses (2024-2032) ($MN)
5 Global Fermented Plant-Based Dairy Market Outlook, By Fermented Beverages & Kefir Analogues (2024-2032) ($MN)
6 Global Fermented Plant-Based Dairy Market Outlook, By Sour Cream Analogues (2024-2032) ($MN)
7 Global Fermented Plant-Based Dairy Market Outlook, By Other Product Types (2024-2032) ($MN)
8 Global Fermented Plant-Based Dairy Market Outlook, By Source (2024-2032) ($MN)
9 Global Fermented Plant-Based Dairy Market Outlook, By Soy (2024-2032) ($MN)
10 Global Fermented Plant-Based Dairy Market Outlook, By Almond (2024-2032) ($MN)
11 Global Fermented Plant-Based Dairy Market Outlook, By Coconut (2024-2032) ($MN)
12 Global Fermented Plant-Based Dairy Market Outlook, By Oats (2024-2032) ($MN)
13 Global Fermented Plant-Based Dairy Market Outlook, By Cashew (2024-2032) ($MN)
14 Global Fermented Plant-Based Dairy Market Outlook, By Rice (2024-2032) ($MN)
15 Global Fermented Plant-Based Dairy Market Outlook, By Pea (2024-2032) ($MN)
16 Global Fermented Plant-Based Dairy Market Outlook, By Other Sources (2024-2032) ($MN)
17 Global Fermented Plant-Based Dairy Market Outlook, By Fermentation Type (2024-2032) ($MN)
18 Global Fermented Plant-Based Dairy Market Outlook, By Lactic Acid Fermentation (2024-2032) ($MN)
19 Global Fermented Plant-Based Dairy Market Outlook, By Alcoholic Fermentation (2024-2032) ($MN)
20 Global Fermented Plant-Based Dairy Market Outlook, By Acetic Acid Fermentation (2024-2032) ($MN)
21 Global Fermented Plant-Based Dairy Market Outlook, By Other Fermentation Types (2024-2032) ($MN)
22 Global Fermented Plant-Based Dairy Market Outlook, By Packaging Format (2024-2032) ($MN)
23 Global Fermented Plant-Based Dairy Market Outlook, By Cups & Tubs (2024-2032) ($MN)
24 Global Fermented Plant-Based Dairy Market Outlook, By Bottles (2024-2032) ($MN)
25 Global Fermented Plant-Based Dairy Market Outlook, By Pouches (2024-2032) ($MN)
26 Global Fermented Plant-Based Dairy Market Outlook, By Cartons (2024-2032) ($MN)
27 Global Fermented Plant-Based Dairy Market Outlook, By Other Packaging Formats (2024-2032) ($MN)
28 Global Fermented Plant-Based Dairy Market Outlook, By Distribution Channel (2024-2032) ($MN)
29 Global Fermented Plant-Based Dairy Market Outlook, By Supermarkets/Hypermarkets (2024-2032) ($MN)
30 Global Fermented Plant-Based Dairy Market Outlook, By Health Food Stores (2024-2032) ($MN)
31 Global Fermented Plant-Based Dairy Market Outlook, By Online Retail (2024-2032) ($MN)
32 Global Fermented Plant-Based Dairy Market Outlook, By Convenience Stores (2024-2032) ($MN)
33 Global Fermented Plant-Based Dairy Market Outlook, By Specialty Stores (2024-2032) ($MN)
34 Global Fermented Plant-Based Dairy Market Outlook, By Other Distribution Channels (2024-2032) ($MN)
35 Global Fermented Plant-Based Dairy Market Outlook, By End User (2024-2032) ($MN)
36 Global Fermented Plant-Based Dairy Market Outlook, By Household (2024-2032) ($MN)
37 Global Fermented Plant-Based Dairy Market Outlook, By Foodservice (2024-2032) ($MN)
38 Global Fermented Plant-Based Dairy Market Outlook, By Institutional (2024-2032) ($MN)
39 Global Fermented Plant-Based Dairy Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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