Vegan Yogurt Market, By Source, By Distribution Channel, By Geography

PUBLISHED: May 21, 2024

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Description

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.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.63 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	18.60%	2031 Value Projection:	US$ 11.98 Bn

Figure. Vegan Yogurt Market Share (%), By Region, 2024

The vegan yogurt market has seen significant growth over the past few years driven by the rising health and wellness trends along with increased awareness about the benefits of plant-based and organic products. More consumers are now switching to vegan versions of regular dairy products as they seek to reduce their consumption of animal products and adopt a sustainable and ethical lifestyle. Several health conditions including lactose intolerance as well as allergy to dairy also contribute to the rising demand for dairy-free alternatives like vegan yogurt. With nutritional value comparable to dairy yogurt and diverse range of flavors and textures, vegan yogurts are emerging as a popular substitute. Leading manufacturers are innovating with novel ingredients to replicate the taste and texture of dairy yogurt closely and appeal to both vegan as well as non-vegan consumers.

Market Dynamics:

The global vegan yogurt market is driven by the rising health consciousness, along with increasing cases of lactose intolerance and milk allergy globally. Growing awareness about the various health benefits of plant-based and organic products is also fueling the market growth. However, higher prices of vegan yogurts compared to dairy equivalents and perceived lower nutritional value are some of the factors limiting their widespread adoption. Major opportunities include product innovation with exotic flavors and formats, as well as rising investment in brand promotion and marketing. Sustained focus on R&D to further enhance product quality is crucial to sustaining the growth momentum.

Key Features of the Study:

This report provides an in-depth analysis of the global vegan yogurt market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global vegan yogurt market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include 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., and Granarolo S.P.A.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global vegan yogurt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan yogurt market.

Detailed Segmentation-

By Source:
- Soy
- Almond
- Oats
- Coconut
- Others
By Distribution Channel:
- Hypermarket/Supermarket
- Convenience Stores
- Specialty Stores
- Online
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- 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.

Product Code: CMI5427

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Source
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Vegan Yogurt Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Vegan Yogurt Market
Impact Analysis

5. Global Vegan Yogurt Market, By Source, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Soy
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Almond
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Oats
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Coconut
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Vegan Yogurt Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hypermarket/Supermarket
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Convenience Stores
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Specialty Stores
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Online
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Vegan Yogurt Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Source, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Met Foods
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Cocos Organic
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Hain Celestial
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- EasiYo Products Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Danone
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- General Mills Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Stonyfield Farm, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Daiya Foods Inc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Good Karma Foods, Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Hudson River Foods
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- NANCY'S
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kite Hill
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- COYO Pty Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Nush Foods
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Chobani, LLC
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Barambah Organics Pty Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Blue Diamond Growers
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Dean Foods
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- General Mills Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Granarolo S.P.A.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Vegan Yogurt Market" - Global forecast to 2031.