global vegan
yogurt market are slated to increase at a robust 8.9% CAGR,
reaching a market valuation of US$ 5.1 Bn in 2032.
Increasing incidence of lactose intolerance among consumers
is resulting in lesser consumption of milk-based products. As a result,
plant-based diet has grown in popularity among the consumers, with many people
trying to replace dairy products with plant-based alternatives, including
yogurt.
This has led to high demand for vegan yogurts which contain
live probiotics and cultures and provide the same digestive advantages as
dairy-based yogurts.
Hemp milk yogurt and flax yogurt, for example, are high in
fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are
enriched with minerals and vitamins to improve their nutrient level. These
products are as rich, creamy, and smooth as regular yoghurt, and they don’t
require any flavor or texture adaptation.
Vegan yogurt manufacturers have been experimenting and
developing different bases and distinctive flavors to promote these yogurts as
mainstream products. Furthermore, milk obtained from grains, seeds, and nuts
such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are
used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like
oats, are also used to make vegan yoghurt.
“Wide availability of vegan yogurt at online channels,
along with growing popularity of veganism in emerging economies will continue
driving the vegan yogurt market over the forecast period,” says
the FMI analyst.
Key Takeaways:
- By
flavor, demand in the chocolate segment is expected to remain high over
the forecast period.
- Based
on the product type, sales in the almond mil vegan yogurt segment are
forecast to gain traction over the assessment period.
- In
terms of sales channel, the offline segment is expected to account for a
dominant share of the market through 2032.
- The
North America vegan yogurt market is expected to grow at a 8.5% CAGR
through 2032.
- East
Asia vegan yogurt market is expected to emerge as a lucrative pocket with
sales growing at a high rate.
Competitive Landscape
Leading players operating in the global vegan yogurt market
are aiming to expand their presence in developing countries to gain a
competitive edge. They are also investing in research and development to
improve their product portfolios by adding innovative flavors. For instance:
- Danone,
a leading French yogurt company, acquired WhiteWave Foods, a
Colorado-based company for its range of plant-based food and beverages
manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.
Vegan Yogurt Market by Category
By Product Type:
- Soy
Milk Yogurt
- Coconut
Milk Yogurt
- Almond
Milk Yogurt
- Rice
Milk Yogurt
By Flavour:
- Chocolate
- Strawberry
- Banana
- Pineapple
- Mango
- Lemonade
- Peach
By Sales Channel:
- Offline
Sales Channel
- Supermarkets/Hypermarkets
- Departmental
Stores
- Convenience
Store
- Other
Sales Channel
- Online
Sales Channel
- Company
Website
- E-commerce
Platform
By Region:
- North
America
- Latin
America
- Europe
- Middle
east and Africa
- East
Asia
- South
Asia
- Oceania
Read Full Report: https://www.futuremarketinsights.com/reports/vegan-yogurt-market