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Vegan Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 138 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5656517
Description Jump to:
The global vegan yogurt market size reached US$ 2.5 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 18% during 2023-2028.

Vegan yogurt is a creamy and healthy non-dairy vegan food product that assists in meeting the nutritional requirements of the vegan population. It is prepared using plant sources, such as almonds, soy, coconuts, flax, hemp, oats, peas and cashews. It is a rich source of vitamins, minerals, amino acids and essential fats, owing to which it assists in minimizing inflammation and increasing the metabolism. Currently, the demand for vegan yogurt is escalating due to the growing adoption of veganism and its easy availability in a wide array of flavors, such as vanilla, strawberry, raspberry, mixed berry, etc.

According to studies by several institutes, including the University of Oxford, replacing meat and dairy products with a variety of plant-based foods can help improve human health and minimize greenhouse gas emissions. Moreover, numerous non-government organizations (NGOs) are promoting the welfare of farm animals and spreading awareness about the nutritional benefits of an animal-free diet, which in turn is strengthening the market growth. Apart from this, the increasing prevalence of chronic conditions is positively influencing the sales of low-fat vegan cheese as it helps maintain the blood glucose levels and reduce the risks of obesity, stroke, cholesterol and cancer. Furthermore, the leading players are investing in attractive packaging solutions to expand their existing consumer base. Other factors anticipated to bolster the market growth include the growing number of lactose-intolerant individuals and extensive campaigns undertaken by celebrities and other public figures to encourage the adoption of a vegan diet.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global vegan yogurt market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, flavor, application and distribution channel.

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 Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being 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), etc.

Key Questions Answered in This Report:

  • How has the global vegan yogurt market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global vegan yogurt market?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the flavor?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vegan yogurt market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vegan Yogurt Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Source
6.1 Almond
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Soy
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Coconut
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Flavor
7.1 Vanilla
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Strawberry
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Mixed Berry
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Raspberry
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Peach
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Application
8.1 Frozen Dessert
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Beverages
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Hypermarkets and Supermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Barambah Organics Pty Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Blue Diamond Growers
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Dean Foods (Dairy Farmers of America)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 General Mills Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Granarolo S.p.A.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 The Hain Celestial Group Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Vitasoy
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 White Wave Foods (Danone)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Vegan Yogurt Market: Major Drivers and Challenges
Figure 2: Global: Vegan Yogurt Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vegan Yogurt Market: Breakup by Source (in %), 2022
Figure 4: Global: Vegan Yogurt Market: Breakup by Flavor (in %), 2022
Figure 5: Global: Vegan Yogurt Market: Breakup by Application (in %), 2022
Figure 6: Global: Vegan Yogurt Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Vegan Yogurt Market: Breakup by Region (in %), 2022
Figure 8: Global: Vegan Yogurt Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Vegan Yogurt (Almond) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Vegan Yogurt (Almond) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Vegan Yogurt (Soy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Vegan Yogurt (Soy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Vegan Yogurt (Coconut) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Vegan Yogurt (Coconut) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Vegan Yogurt (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Vegan Yogurt (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Vegan Yogurt (Vanilla) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Vegan Yogurt (Vanilla) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Vegan Yogurt (Strawberry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Vegan Yogurt (Strawberry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Vegan Yogurt (Mixed Berry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Vegan Yogurt (Mixed Berry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Vegan Yogurt (Raspberry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Vegan Yogurt (Raspberry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Vegan Yogurt (Peach) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Vegan Yogurt (Peach) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Vegan Yogurt (Other Flavors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Vegan Yogurt (Other Flavors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Vegan Yogurt (Frozen Dessert) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Vegan Yogurt (Frozen Dessert) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Vegan Yogurt (Food) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Vegan Yogurt (Food) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Vegan Yogurt (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Vegan Yogurt (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Vegan Yogurt (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Vegan Yogurt (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Vegan Yogurt (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Vegan Yogurt (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Vegan Yogurt (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Vegan Yogurt (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Vegan Yogurt (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Vegan Yogurt (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: North America: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: North America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: United States: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: United States: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Canada: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Canada: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Asia Pacific: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Asia Pacific: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: China: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: China: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Japan: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Japan: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: India: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: India: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: South Korea: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: South Korea: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Australia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Australia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Indonesia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Indonesia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Europe: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Europe: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Germany: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Germany: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: France: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: France: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: United Kingdom: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: United Kingdom: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Italy: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Italy: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Spain: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Spain: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Russia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Russia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Latin America: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Latin America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Brazil: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Brazil: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Mexico: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Mexico: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Middle East and Africa: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Middle East and Africa: Vegan Yogurt Market: Breakup by Country (in %), 2022
Figure 93: Middle East and Africa: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Global: Vegan Yogurt Industry: SWOT Analysis
Figure 95: Global: Vegan Yogurt Industry: Value Chain Analysis
Figure 96: Global: Vegan Yogurt Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Vegan Yogurt Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vegan Yogurt Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 3: Global: Vegan Yogurt Market Forecast: Breakup by Flavor (in Million US$), 2023-2028
Table 4: Global: Vegan Yogurt Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Vegan Yogurt Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Vegan Yogurt Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Vegan Yogurt Market: Competitive Structure
Table 8: Global: Vegan Yogurt Market: Key Players

Companies Mentioned

  • 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)

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 2.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 6.6 Billion
Compound Annual Growth Rate17.6%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Market

Plant Milk Yogurt is a type of yogurt made from plant-based milks such as almond, coconut, oat, and soy. It is a dairy-free alternative to traditional yogurt, and is often fortified with vitamins and minerals. Plant Milk Yogurt is becoming increasingly popular due to its health benefits, such as being a source of plant-based protein and being free from lactose and cholesterol. It is also often seen as a more sustainable option than traditional yogurt, as it does not require the use of animal products. Plant Milk Yogurt is available in a variety of flavors and textures, ranging from thick and creamy to light and refreshing. It can be used in a variety of recipes, from smoothies and parfaits to savory dishes. It is also often used as a topping for breakfast cereals, oatmeal, and other dishes. Some companies in the Plant Milk Yogurt market include Silk, So Delicious, Kite Hill, Forager, and Califia Farms. Show Less Read more

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