Vegan Yogurt Market Sales Are Forecasted To Reach US$ 12.2 Billion By 2033

Global sales of vegan yogurt are estimated to have reached US$ 6.8 billion in 2023, with forecasts indicating a surge to US$ 12.2 billion by 2033. Over the coming decade (from 2023 to 2033), the worldwide vegan yogurt market is expected to witness a steady expansion at a Compound Annual Growth Rate (CAGR) of 6%.

Vegan yogurt, a dairy-free alternative to traditional yogurt, typically derives its base from milk substitutes like soy, coconut, or almond. These raw materials are blended with water to create a yogurt rich in probiotics, offering consumers a healthy snack option and catering to those with lactose intolerance.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2478

The increasing popularity of lifestyle trends such as veganism and plant-based diets has significantly contributed to the growth of the vegan yogurt market. As consumers become more aware of the health benefits associated with vegan yogurt consumption and its suitability for various dietary preferences, demand continues to rise. Presently, a variety of dairy-free yogurt options are available in the market, including pea yogurt, soy yogurt, hemp yogurt, coconut yogurt, and rice yogurt, catering to diverse consumer preferences and dietary needs.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:

The Vegan Yogurt Market is witnessing dynamic growth trends driven by several factors. Firstly, there's a notable shift towards plant-based diets and vegan lifestyles, fueled by increasing health consciousness, environmental concerns, and ethical considerations. This shift has led to a growing demand for dairy-free alternatives like vegan yogurt among consumers seeking healthier and more sustainable food options.

Additionally, advancements in food technology have led to improvements in the taste, texture, and variety of vegan yogurt products, making them more appealing to a wider audience. Manufacturers are innovating with ingredients and formulations to replicate the creamy texture and tangy flavor of traditional yogurt, thereby expanding the market reach.

Moreover, the rise of dairy intolerances and allergies, along with the growing awareness of lactose intolerance, has boosted the demand for dairy-free alternatives like vegan yogurt. Consumers are increasingly seeking products that are free from common allergens and offer digestive health benefits, such as probiotics found in many vegan yogurt varieties.

Furthermore, the influence of social media and digital platforms has played a significant role in promoting vegan yogurt brands and educating consumers about their benefits. With influencers and health-conscious individuals sharing recipes, reviews, and nutritional information, awareness and interest in vegan yogurt continue to spread rapidly.

Overall, with a combination of changing consumer preferences, technological innovations, health considerations, and effective marketing strategies, the vegan yogurt market is poised for sustained growth in the foreseeable future.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝

• General Mills Inc.
• Danone
• Chobani LLC
• The Hain Celestial Group Inc.
• Daiya Foods Inc.
• Nancy's Yogurt
• Kite Hill
• COYO Pty Ltd.
• Stonyfield Farm Inc.
• Hudson River Foods
• Good Karma Foods Inc.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Leading vegan yogurt brands are focusing on launching new products and expanding their product portfolio.

• In July 2023, Müller, a renowned dairy brand based in Germany, announced the launch of plant-based versions of its popular products in the United Kingdom. Corner yogurts and rice pudding were the products launched.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐕𝐞𝐠𝐚𝐧 𝐘𝐨𝐠𝐮𝐫𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

• By Product Type :
o Soy Yogurt
o Coconut Yogurt
o Almond Yogurt
o Rice Yogurt
o Others

• By Flavor :
o Chocolate
o Strawberry
o Banana
o Pineapple
o Mango
o Lemonade
o Peach
o Others

• By Sales Channel :
o Offline
 Supermarkets/Hypermarkets
 Departmental Stores
 Convenience Stores
 Others
o Online
 Company Website
 e-Commerce Platforms

• By End Use :
o HORECA
o Household

• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/2478/vegan-yogurt-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Greek Yogurt Market: https://www.factmr.com/report/269/greek-yogurt-market

Yogurt Alternative Market: https://www.factmr.com/report/3341/yogurt-alternative-market

Vegan Baking Ingredients Market: https://www.factmr.com/report/3072/vegan-baking-ingredients-market

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