Vegan Yogurt Market Size, Share, Growth, Analysis, Trends and Forecast 2027

 According to IMARC Group’s latest report, titled “Vegan Yogurt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," Offers a comprehensive analysis of the industry, which comprises insights on vegan yogurt market.

The global vegan yogurt market size reached US$ 2.1 Billion in 2021. Vegan yogurt refers to a creamy and healthy non-dairy vegan food product that assists in meeting the nutritional requirements of the vegan population. It is prepared by using plant sources, including almonds, soy, coconuts, flax, hemp, oats, peas, cashews, etc. In line with this, vegan yogurt is also a rich source of vitamins, minerals, amino acids, essential fats, etc., which further aids in minimizing inflammation and increasing metabolism. Presently, it is easily available in a wide array of flavors, such as vanilla, strawberry, raspberry, mixed berry, etc.

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Market Trends

The rising need for replacing meat and dairy products with plant-based food that can help in improving human health and minimizing greenhouse gas emissions is primarily augmenting the vegan yogurt market. Furthermore, the launch of favorable policies promotion by numerous non-government organizations (NGOs) and government bodies to promote the welfare of farm animals and spreading awareness regarding the nutritional benefits of an animal-free diet is positively influencing the global market. Apart from this, the growing prevalence of chronic conditions is stimulating the sales of low-fat vegan cheese, as it assists in maintaining blood glucose levels and reducing the risks of obesity, stroke, cholesterol, cancer, etc., which is acting as another significant growth-inducing factor. Moreover, extensive investments by key market players in attractive packaging solutions to expand their existing consumer base are also bolstering the market growth. Besides this, the increasing number of lactose-intolerant individuals and the widespread adoption of campaigns by celebrities and other public figures are expected to fuel the vegan yogurt market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting a growth rate (CAGR) of 18.45% during 2022-2027.

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List of Key Companies Covered in this Market Report:

• Barambah Organics Pty Ltd.
• Blue Diamond Growers
• Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
• Dean Foods (Dairy Farmers of America)
• General Mills Inc.
• Granarolo S.p.A.
• The Hain Celestial Group Inc.
• Vitasoy
• White Wave Foods (Danone)

The report has segmented the market on the basis of source, flavor, application, distribution channel, and geography.

Breakup by Source:

• Almond
• Soy
• Coconut
• Others

Breakup by Flavor:

• Vanilla
• Strawberry
• Mixed Berry
• Raspberry
• Peach
• Others

Breakup by Application:

• Frozen Dessert
• Food
• Beverages
• Others

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others

Breakup by Geography:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

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