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Global Vegan Yogurt market report, size, share, trends and forecast to 2028

According to Stratistics MRC, the Global Vegan Yogurt Market is accounted for $2.82 billion in 2022 and is expected to reach $8.82 billion by 2028 growing at a CAGR of 20.9% during the forecast period. 

Vegan yoghurt is a plant-based, dairy-free alternative to regular yoghurt. A healthy dietary option, vegan yoghurt is high in probiotics, vitamins, and minerals. Additionally, it is a good source of calcium and protein. Vegan yoghurt comes in a variety of flavors, including strawberry, vanilla, chocolate, and others. Also, it helps to reduce inflammation and boost metabolism because it is a rich source of vitamins, minerals, amino acids, and important lipids.

The market for plant-based products has greatly expanded as a result of the increased demand for numerous dairy substitute foods and beverages around the world. In the modern era, veganism has not only maintained a culinary preference but now seems to be a component of a developing social movement centered on animal rights, sustainability, and welfare. Even though the number of vegans is rising with each passing day, only 1% of people worldwide practice it. The population of vegans and flexitarians, however, has been expanding steadily since the COVID-19 pandemic. Therefore, the above factors are driving the market growth.

By geography, Asia Pacific is projected to hold the largest market share during the forecast period owing to the factors such as rapidly expanding population, more incidences of lactose intolerance, and rising disposable income all contribute to the potential for growth. Additionally, customer preferences for vegan goods are influenced by worries about caloric consumption and diseases like obesity and hypercholesterolemia, which supports the rise in vegan yoghurt sales. Customers who are informed about the nutritional benefits of dairy substitutes have already shifted to the developing vegan culture.

Some of the key players profiled in the Vegan Yogurt Market include Daiya Foods Inc., Forager Project, Danone S.A., Oatly A.B., Chobani Global Holdings, General Mills Inc., Kite Hill, GT’s Living Foods LLC, Nancy’s Probiotic Foods, Coyo Pty Ltd, Good Karma Foods, Inc., Hudson River Foods, Hain Celestial, Stonyfield Farm, Inc., Ripple Foods

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By Sources:

  • Coconut
  • Almond
  • Soy
  • Rice
  • Other Sources

By Flavors:

  • Peach
  • Vanilla
  • Mixed Berry
  • Strawberry
  • Raspberry
  • Other Flavors

By Applications:

  • Beverages
  • Food
  • Frozen Dessert
  • Other Applications

By Distribution Channels:

  • Convenience Stores
  • Online Stores
  • Hypermarkets and Supermarkets
  • Other Distribution Channels

 

Free Customization Offerings: 

All the customers of this report will be entitled to receive one of the following free customization options: 

  • Company Profiling 
  • Comprehensive profiling of additional market players (up to 3) 
  • SWOT Analysis of key players (up to 3) 
  • Regional Segmentation 
  • Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check) 
  • Competitive Benchmarking 
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances 

 

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