Market Size

Canada Almond Yogurt Market reached US$244.20 million in 2024 and is expected to reach US$1,040.95 million by 2032, growing with a CAGR of 19.87% during the forecast period 2025-2032. 

The Canada almond yogurt market is experiencing strong growth, driven by the increasing demand for plant-based, dairy-free alternatives. As health-conscious Canadians seek nutritious products, almond yogurt has gained popularity due to its high protein content and suitability for lactose-intolerant consumers. Additionally, the rise of sustainable and eco-friendly food trends has further boosted its position in the growing plant-based yogurt segment.

Consumer preferences for plant-based diets, combined with almond yogurt’s nutritional benefits and environmental appeal, are key factors fueling its demand. The market is also benefiting from the growing interest in vegan products, with almond yogurt offering a versatile and nutritious option to meet the diverse dietary needs of Canadian consumers.

 

Market Dynamics

Driver - Health and Wellness Consciousness

Health and wellness consciousness is a key driver of growth in the Canadian almond market. Consumers are increasingly seeking nutrient-dense, plant-based alternatives due to growing awareness of health issues such as lactose intolerance, obesity, and heart disease.

Almonds, known for their high protein, fiber, and healthy fat content, are seen as a versatile ingredient in snacks, beverages, and plant-based dairy alternatives, like almond milk and yogurt. This trend towards healthier eating, combined with the demand for sustainable and natural products, is propelling the almond market's expansion in Canada.

 

Restraint - High Production Costs

The cost of raw materials, including almonds, and the need for specialized manufacturing processes to produce plant-based yogurt contribute to higher overall production expenses. Additionally, the need for clean-label ingredients, along with packaging and distribution costs, further elevate the price point. These factors can limit market expansion, particularly in a price-sensitive market, as consumers may opt for more affordable dairy-based alternatives or other plant-based yogurts with lower production costs.

 

Market Segment Analysis

The demand for flavored almond yogurt in Canada is rising, driven by consumer preferences for plant-based, dairy-free alternatives. Popular flavors like vanilla and strawberry offer a balance of taste and nutrition, with added benefits such as high protein and vitamins. As health-conscious and sustainability-driven consumers increase, the flavored almond yogurt market is expanding, with brands innovating to meet these demands through diverse, clean-label offerings.

For instance, in February 2023, Danone Canada's Silk has introduced a high-protein, plant-based yogurt made with Canadian pea protein, offering 12g of protein per 175g serving in Key Lime and Vanilla flavors. Additionally, the brand revamped its coconut yogurt line with new flavors and added nutrients like calcium and vitamin D.

Key Market Players

Key players are Danone, Yoso, AYO FOODS, LLC, Almond Cow, Oatly, Kite Hill, Purely Elizabeth, Cultures For Health and Luvele.

Key Developments

  • In February 2024, Danone Canada's Silk launched a high-protein, plant-based yogurt made with Canadian pea protein, offering 12g of protein per 175g serving in Key Lime and Vanilla. The brand also revamped its coconut yogurt line with new flavours and added nutrients, produced locally in Boucherville, Quebec, to meet growing demand for locally sourced products.

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