Vegan Yogurt Market Report 2024-2032: Size, Scope, Growth, Price Trends and Forecast
IMARC Group's report titled "Vegan Yogurt Market Report by Source (Almond, Soy, Coconut, and Others), Flavor (Vanilla, Strawberry, Mixed Berry, Raspberry, Peach, and Others), Application (Frozen Dessert, Food, Beverages, and Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online Stores, and Others), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global vegan yogurt market forecast. The global market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2032, exhibiting a growth rate (CAGR) of 15.3% during 2024-2032.
- Increasing Health Consciousness:
The increasing awareness of health benefits
and a shift towards plant-based diets are key drivers of the growth in the
vegan yogurt market. Vegan yogurt, made from ingredients like almonds,
coconuts, soy, oats, or cashews, provides a nutritious option that is high in
proteins, vitamins, and minerals, and low in cholesterol and lactose. This
makes it a popular choice for consumers with dietary restrictions or those
looking to improve their health. healthy eating habits and overall well-being,
the demand for vegan yogurt is projected to increase.
- Ethical Concerns:
A major factor fueling the growth of the vegan
yogurt market is the rising awareness about the need to protect animal rights
and preserve the environment. As consumers become more mindful of their moral
obligations, they are opting for plant-based products to minimize their impact
on the planet. The production of vegan yogurt generally requires fewer natural
resources and generates lower emissions than traditional dairy products, making
it an attractive choice for environmentally aware consumers who make purchasing
decisions based on their values. Additionally, the humane and compassionate
ethos of vegan products resonates with consumers who reject the exploitation of
animals in the food industry. As concern for these issues continues to
escalate, it is likely that more consumers will turn to vegan yogurt, driving
market expansion.
- Innovations and Flavor Varieties:
The growth of the vegan yogurt market is being
driven by advancements in product development and the introduction of a variety
of flavors. Manufacturers are continuously experimenting with different plant
bases and fermentation methods to enhance the taste, texture, and nutritional
value of vegan yogurt. A wide selection of flavors, ranging from traditional
choices like vanilla and strawberry to unique options such as mango,
passionfruit, and matcha, contribute product offerings with innovative and
expected to continue growing.
Leading Companies Operating in the Global
Vegan Yogurt Industry:
- Barambah Organics Pty Ltd.
- Blue Diamond Growers
- Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
- Dean Foods (Dairy Farmers of America)
- General Mills Inc.
- Granarolo S.p.A.
- The Hain Celestial Group Inc.
- Vitasoy
- White Wave Foods (Danone)
For an in-depth analysis, you can refer sample
copy of the report: https://www.imarcgroup.com/vegan-yogurt-market/requestsample
Vegan Yogurt Market Report Segmentation:
By Source:
- Almond
- Soy
- Coconut
- Others
Soy represent the leading segment as it offers
a high protein content, similar to that of dairy yogurt.
By Flavor:
- Vanilla
- Strawberry
- Mixed Berry
- Raspberry
- Peach
- Others
Based on the flavor, the market has been
divided into as it offers a high protein content, similar to that of dairy
yogurt.
By Application:
- Frozen Dessert
- Food
- Beverages
- Others
Based on the application, the market has been
segmented into frozen dessert, food, beverages, and others.
By Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
- Others
Hypermarkets and supermarkets dominate the
market as they offer a wide variety of choices, making it convenient for
consumers to compare.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia,
Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia,
Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Vegan Yogurt Market Trends:
Producers are constantly striving to improve
the flavor, consistency, and health benefits of plant-based yogurt options.
They achieve this by experimenting with different ingredients like almond, soy,
coconut, and oats, and by introducing a variety of flavors and added functional
components. The availability of vegan yogurt products is expanding, with them
being stocked in more places like supermarkets, specialty shops, online stores,
and eateries This wider availability is leading to market expansion as it
allows a more diverse range of consumers to access these products. Furthermore,
the endorsement of vegan lifestyles and products, including yogurt, by
celebrities and social media influencers is shaping consumer attitudes and
encouraging younger generations to embrace vegan choices.
Note: If you need specific information that is
not currently within the scope of the report, we will provide it to you as a
part of the customization.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
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