Allied Market Research

2024

Vegan Yogurt Market

Vegan Yogurt Market Size, Share, Competitive Landscape and Trend Analysis Report by Source, by Flavor, by Application and by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

FB : Convenience Food/Frozen Food

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Author's: | Roshan Deshmukh
Publish Date:

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Vegan yogurt is a good option for those with lactose intolerance. Vegan yogurt will gain more demand due to its health benefits. It provides benefits such as it helps in increasing the metabolism, which in turn leads to weight loss, and improves the bowel function.  It is enriched with vitamins, amino acids, minerals, and essential fats, thus helping in having healthy skin and hair. These factors will propel the vegan yogurt market to grow in the future. However, it is expected that the high cost of vegan yogurt may hamper market growth.

COVID-19 Scenario Analysis:

Production:

The lockdown has devastated the vegan yogurt market due to non – production as the industries are closed. Due to awareness, people are avoiding the consumption of meat. So, the first two months of lockdown were fruitful for the vegan market. People are stockpiling, which will result in a drastic shortage in the near future.

Economy:

Due to the restrictions on import and export, the world is facing economic turbulence as the major portion of a country’s economy is from the vegan yogurt market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Major factors driving the dairy-free yogurt market are the growing number of health-conscious consumers, the increasing number of vegan populations, and increasing demand for vitamin-enriched food and beverages that boost the growth of the global market. Also, the increasing demand for dairy-free yogurt has led to trending as an on-the-go breakfast product. Further, the growing number of urban population and increasing consumers belong to the high-income level group can be the factors that contribute to the growth of the dairy-free yogurt market in the developing countries. Also, celebrity endorsements and easy sale on online channels acknowledge people about health issues, the adoption of the vegan yogurt market increases with a rise in its market hold.

Key Benefits of the Report:

  • This study presents the analytical depiction of the global vegan yogurt industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vegan yogurt market share.
  • The current market is quantitatively analyzed  to highlight the global vegan yogurt market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global vegan yogurt market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Vegan yogurt Market Research Report:

  • What are the leading market players active in the vegan yogurt market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Vegan Yogurt Market Report Highlights

Aspects Details
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By Source
  • Soya
  • Coconut
  • Rice
  • Nuts
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By Flavor
  • Plain
  • Strawberry
  • Pineapple
  • Mixed berries
  • Others
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By Application
  • Bakery,
  • Snacks,
  • Desserts
  • Others
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By Distribution Channel
  • Hypermarkets/supermarkets
  • Convenience Stores
  • Online Channels
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Daiya Foods Inc., Ripple Foods, COYO Pty Ltd, Stonyfield Farm Inc., The Hain Celestial Group Inc., Blue Diamond Growers, Califia Farms, Good Karma Foods Inc., Danone, Kite Hill

Key Market Players

Nancy's Yogurt, Forager Project, Yoconut Dairy Free

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Vegan Yogurt Market

Global Opportunity Analysis and Industry Forecast, 2023-2032