Vegan Yogurt Market Is Gaining Huge Growth In Upcoming Years 2024 - 2031 | Met Foods, Cocos Organic, Hain Celestial

Market Overview:

The vegan yogurt market is estimated to be valued at USD 3.63 Bn in 2024 and is expected to reach USD 11.98 Bn by 2031, growing at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2031.

Market Dynamics:

The Vegan Yogurt Market is witnessing high growth owing to increasing consumer health consciousness and rising lactose intolerance globally. According to the report, it is estimated that around 68% of the world's population has a reduced ability to digest lactose after infancy due to lactose intolerance. Also, growing vegan population worldwide along with health benefits of plant proteins over animal proteins are fueling the demand for vegan yogurt. Manufacturers are innovating with various flavors and ingredients to cater to evolving consumer tastes, which is further propelling the market growth during the forecast period.

💎Sample Copy of the Report @ https://www.coherentmarketinsights.com/insight/request-sample/5427

Vegan Yogurt Market Drivers

Increasing Health Consciousness among Consumers

The vegan yogurt market is primarily driven by increasing health consciousness among consumers globally. With growing awareness about the health benefits of plant-based and organic foods, consumers are reducing the consumption of dairy products. Vegan yogurts provide similar nutrients like protein, calcium, vitamins and probiotics without lactose and cholesterol. This is attracting more health-conscious people towards vegan yogurt alternatives. The clean label and natural positioning of vegan yogurts without artificial preservatives is another major factor fueling their demand.

Vegan Yogurt Market Opportunity

Growing Vegan Population

The rising number of vegans and flexitarians worldwide presents a massive opportunity for the vegan yogurt industry. Statistics show that veganism has grown by over 350% in the past decade alone. More people are adopting veganism due to ethical concerns about animal welfare, environmental impacts of animal agriculture and health reasons. This expanding consumer segment specifically demands vegan substitutes for dairy products like milk, cheese and yogurt. Leading brands can capitalize on this opportunity by offering an extensive range of great-tasting vegan yogurt varieties specially targeted at this consumer group.

Vegan Yogurt Market Trends

Increasing Usage of Protein-Rich Plant Ingredients

One of the key trends gaining ground in the vegan yogurt market is the increasing utilization of high-protein plant-based ingredients like soy, pulses, nuts and seeds. This is because protein content becomes even more significant for vegan products substituting dairy foods. Manufacturers are fortifying their yogurts with proteins from ingredients like soy, almonds, cashews, quinoa and chia seeds which help provide a protein punch. This emerging trend is allowing vegan yogurts to compete better with dairy yogurts in terms of nutrition. It is also a strategy to position these products as complete wellness offerings.

💎You Can Purchase Complete Report @ https://www.coherentmarketinsights.com/insight/buy-now/5427

Top Companies Featured in This Report:

★ Met Foods
★ Cocos Organic
★ Hain Celestial
★ EasiYo Products Limited
★ Danone
★ General Mills Inc.
★ Stonyfield Farm Inc.
★ Daiya Foods Inc
★ Good Karma Foods Inc.
★ Hudson River Foods
★ NANCY'S
★ Kite Hill
★ COYO Pty Ltd.
★ Nush Foods
★ Chobani LLC
★ Barambah Organics Pty Ltd
★ Blue Diamond Growers
★ Dean Foods
★ General Mills Inc.
★ Granarolo S.P.A.

Market Segmentation:

By Product Type:

★ By Source: Soy, Almond, Oats, Coconut, and Others
★ By Distribution Channel: Hypermarket/Supermarket, Convenience Stores, Specialty Stores, Online, and Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Insights from the Global Vegan Yogurt Market Analysis:

Market Size Evaluation: Assessing the value and sales volume of the Vegan Yogurt market spanning from 2024 to 2031.
Market Trends and Dynamics: Analyzing the drivers, opportunities, challenges, and risks influencing the Vegan Yogurt market.
Macro-economic and Regional Impacts: Exploring how global inflation and geopolitical events affect the Vegan Yogurt market.
Segment Analysis: Examining the market value and sales volume of Vegan Yogurt by type and application from 2024 to 2031.
Regional Market Overview: Assessing the current situations and future prospects of the Vegan Yogurt market in different regions.
Country-level Studies: Providing insights into revenue and sales volume for major countries within each region.
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Vegan Yogurt sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

💎Request For Customization at: @ https://www.coherentmarketinsights.com/insight/request-customization/5427

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

Contact Us

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

About Us

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.