Vegan Yogurt Market

Vegan Yogurt Market Size, Share, Growth Analysis, By Product(Soy, Almond, Rice, Others), By Distribution Channel(Hypermarket, Supermarket, & Convenience Stores, Specialty Stores), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG30I2189 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Vegan Yogurt Market Insights

Market Overview:

The vegan yogurt market had a value of USD 1.6 billion in 2019 and is expected to experience a compound annual growth rate (CAGR) of 18.9% from 2020 to 2027. The increasing popularity of dairy-free products, particularly among millennials worldwide, is driving the demand for plant-based nutritional products like vegan yogurts. The rise in milk allergies and other disorders in developed regions such as North America and Europe has led consumers to spend more on plant-based alternatives. Regulatory authorities, including the U.S. FDA and the European Commission, are actively encouraging the production and use of vegan products. The FDA plans to promote innovation in dairy alternatives, including vegan yogurt, while the European Commission aims to establish guidelines to improve milk alternative production.

Vegan Yogurt Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Vegan Yogurt was estimated to be valued at US$ XX Mn in 2021.

The Vegan Yogurt Market is estimated to grow at a CAGR of XX% by 2028.

The Vegan Yogurt Market is segmented on the basis of Product, Distribution Channel, Region.

Based on region, the Vegan Yogurt Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Vegan Yogurt Market are Hain Celestial, Danone, General Mills Inc., Stonyfield Farm, Inc., Daiya Foods Inc, Good Karma Foods, Inc., Hudson River Foods, NANCY'S, Kite Hill, COYO Pty Ltd., Chobani, LLC.

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Vegan Yogurt Market

Report ID: UCMIG30I2189

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