According to IMARC Group’s latest report, titled “Vegan Yogurt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global vegan yogurt market reached a value of US$ 1.94 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 17.7% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Vegan yogurt is a creamy non-dairy food product that helps in meeting the nutritional requirements of the vegan population. It is prepared using plant-based sources, such as almonds, soy, coconuts, flax, hemp, oats, peas, and cashews. Vegan yogurt contains high amounts of vitamins, minerals, amino acids, and essential fats. As a result, it helps in reducing inflammation, maintaining good heart health, boosting immunity, and increasing metabolism. The prevalent trend of veganism and the wide availability of vegan yogurts in different flavors are augmenting the product demand.

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Market Trends

The high prevalence of various lifestyle disorders is primarily driving the market for vegan yogurt. Additionally, the changing consumer inclination towards vegan food products for maintaining blood glucose levels and minimizing the risks of obesity, stroke, cholesterol, etc., is also augmenting the product demand. Several non-government organizations (NGOs) are spreading awareness towards cattle safety and promoting the use of animal-free diet, which is further catalyzing the demand for vegan yogurt. Furthermore, the key players are emphasizing on attractive packaging solutions for vegan yogurts to attract a large consumer base. Moreover, the increasing lactose-intolerant population and the growing number of celebrity endorsements promoting the adoption of a vegan diet are further expected to bolster the market for vegan yogurts.

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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 (2015-2020)
• Market Outlook (2021- 2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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