Global Vegan Yogurt Market to Surpass USD 12.5 Billion by 2035 Amid Rising Demand for Plant-Based Alternatives

The global vegan yogurt market is undergoing a dynamic transformation driven by changing consumer preferences, increased awareness of plant-based diets, and growing concerns over animal welfare and environmental sustainability. In 2025, the global vegan yogurt market size is assessed at USD 7,449.7 million and is forecasted to witness robust expansion, reaching USD 12,569.8 million by 2035, reflecting a CAGR of 5.3%. This upward trend is bolstered by innovation in dairy alternatives, particularly those derived from soy, coconut, almond, and oats, catering to vegan, lactose-intolerant, and health-conscious consumers.

Major players in the food and beverage industry are increasingly investing in plant-based product lines to capture a share of this rapidly growing market. Enhanced product availability across retail chains, improved taste profiles, and clean-label certifications have significantly influenced purchase decisions. The introduction of fortified variants with probiotics and essential nutrients has further elevated the nutritional value of vegan yogurt, making it an attractive option for a broader demographic, including fitness enthusiasts and families seeking healthier breakfast options.

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Mergers and Acquisitions

The vegan yogurt industry has seen a surge in mergers and acquisitions (M&A) as established dairy brands and startups alike aim to consolidate market share and strengthen their portfolios. Noteworthy acquisitions include Danone's acquisition of WhiteWave Foods, which brought leading plant-based brands like Silk and So Delicious under its umbrella. Similarly, Nestlé's partnership with plant-based innovators and investments in vegan yogurt brands have emphasized the strategic importance of the segment. These M&A activities are not only driving growth but also accelerating innovation, enabling companies to access cutting-edge R&D and distribution networks.

Key Takeaways

• The global vegan yogurt market is projected to grow at a CAGR of 5.3%, reaching USD 12.57 billion by 2035.
• Soy, almond, coconut, and oat-based yogurts dominate the market due to their health benefits and creamy textures.
• Key drivers include rising lactose intolerance, ethical consumption trends, and environmental sustainability concerns.
• North America and Europe lead the market, but Asia-Pacific is emerging as a fast-growing region due to rising urbanization and awareness.

Emerging Trends in Global Market

Several trends are shaping the future of the vegan yogurt market:
1. Probiotic-rich formulations: Consumers increasingly demand gut-health-friendly products. Vegan yogurts fortified with probiotics are gaining traction, bridging the gap between taste and health.
2. Clean label movement: There is a shift toward products free from artificial additives, preservatives, and sweeteners. Brands emphasizing transparency and clean labels are gaining consumer trust.
3. Personalization and Functional Nutrition: Customized products targeting specific health goals, such as immunity or digestive support, are expected to gain momentum.

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Trends and Opportunities in the Market

The vegan yogurt market is ripe with opportunities for expansion into emerging markets and niche segments. For instance:
• Kids' vegan yogurts are gaining traction, offering fortified nutrients tailored for early growth stages.
• Online grocery platforms and DTC (Direct-to-Consumer) channels are becoming prominent avenues for vegan yogurt brands, providing opportunities for brand storytelling and customization.
• Sustainability-driven packaging solutions, such as biodegradable cups and spoons, are gaining attention and could become a unique selling point in the years ahead.

Recent Developments in the Market

• In 2024, Yoplait introduced a new almond-based yogurt line, tapping into the premium health food category.
• Kite Hill expanded its distribution to more than 7,000 retail stores across the U.S., fueled by funding from General Mills.
• Danone committed to carbon neutrality across its plant-based yogurt portfolio by 2030, reflecting an industry-wide push toward sustainable practices.
• New market entries from local players in India, Brazil, and South Africa show the globalization of the vegan yogurt trend.

Companies

• Danone S.A.
• General Mills Inc.
• Forager Project LLC
• The Coconut Collaborative
• Stonyfield Organic
• Califia Farms
• Oatly AB
• Valio Ltd
• Lavva (EVR Foods)
• Nancy's Probiotic Foods
• Others

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This release was published on openPR.