Market Overview:
The global vegan yogurt market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising awareness about veganism, increasing demand for plant-based foods, and growing number of health-conscious consumers. The soy yogurt segment is expected to account for the largest share of the global vegan yogurt market in 2018. This can be attributed to its high nutritional value and health benefits compared with other types of yogurts. The almond yogurt segment is projected to grow at the highest CAGR during the forecast period owing to its high nutritional value and increasing popularity among health-conscious consumers. In terms of application, household accounted for the largest share of the global vegan yogurt market in 2017. This can be attributed to rising trend of home cooking and growing demand for healthy food options among households worldwide.
Product Definition:
A vegan yogurt is a yogurt that does not contain any dairy products. It is made from soy milk, rice milk, or other plant-based milks. Vegan yogurts are available in many flavors and can be eaten as a snack or used in recipes.
Soy Yogurt:
Soy yogurt is a plant-based dairy alternative made by fermenting soy milk. Soy has been used as an animal feed and in the food industry for many years, but its usage as a dairy substitute has only recently gained popularity. Soy yogurt is becoming more popular amongst vegan consumers due to its high protein content (nearly double that of regular cow's milk), along with other benefits such as improved heart health and lowered blood cholesterol levels.
Almond Yogurt:
Almond yogurt is a plant-based dairy alternative made by combining almond milk with live bacterial culture and sweetener. It has a consistency similar to regular dairy yogurt and can be used in place of regular dairy yogurt in any recipe calling for vegan yogurt. The market size for almond yogurts is expected to grow at an estimated CAGR of XX% from 2016 - 2024, owing to the growing number of health conscious consumers across the globe.
Application Insights:
The household application segment led the global market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for vegan yogurt across households. HoReCa or food service account for more than 70% of total sales on account of high product consumption by restaurants and eateries.
Yogurt is consumed as an ingredient in numerous cuisines and has gained popularity as a breakfast item across the world due to its protein-rich content along with various other health benefits associated with it such as weight loss, improved gut health, immunity boost among others which are likely to propel its demand further over the coming years. Furthermore, increasing number of juice and smoothie centers where consumers prefer fresh fruit juices have contributed positively towards industry growth globally since 2015 when data regarding such operations was first collected by trade organization International Smoothie Association (ISA).
Regional Analysis:
North America dominated the global vegan yogurt market in 2017. The region is expected to maintain its dominance over the forecast period as well. This growth can be attributed to increasing awareness about a healthy diet, rising consumption of plant-based foods, and increased demand for dairy alternatives in countries such as the U.S., Canada, and Mexico.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising consumer interest towards veganism.
Key players operating in this industry are Tofu House Inc.
Growth Factors:
- Increasing awareness about the health benefits of vegan yogurt.
- Rising demand for dairy-free and gluten-free products.
- Growing popularity of plant-based diets among health conscious consumers.
- Innovative product offerings by leading players in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Yogurt Market Research Report
By Type
Soy Yogurt, Almond Yogurt, Coconut Yogurt, Others
By Application
Household, HoReCa
By Companies
General Mills, Danone, Hain Celestial Group, Califia Farms, Ripple Foods, Lactalis (Stonyfield Farm), Daiya Foods, Good Karma Foods, Hudson River Foods, Nancy's Yogurt, Kite Hill, COYO Pty Ltd, Forager Project, Yoconut Dairy Free
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Yogurt Market Report Segments:
The global Vegan Yogurt market is segmented on the basis of:
Types
Soy Yogurt, Almond Yogurt, Coconut Yogurt, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, HoReCa
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Mills
- Danone
- Hain Celestial Group
- Califia Farms
- Ripple Foods
- Lactalis (Stonyfield Farm)
- Daiya Foods
- Good Karma Foods
- Hudson River Foods
- Nancy's Yogurt
- Kite Hill
- COYO Pty Ltd
- Forager Project
- Yoconut Dairy Free
Highlights of The Vegan Yogurt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy Yogurt
- Almond Yogurt
- Coconut Yogurt
- Others
- By Application:
- Household
- HoReCa
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan Yogurt Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegan yogurt is a type of yogurt that does not contain any animal products.
Some of the major companies in the vegan yogurt market are General Mills, Danone, Hain Celestial Group, Califia Farms, Ripple Foods, Lactalis (Stonyfield Farm), Daiya Foods, Good Karma Foods, Hudson River Foods, Nancy's Yogurt, Kite Hill, COYO Pty Ltd, Forager Project, Yoconut Dairy Free.
The vegan yogurt market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegan Yogurt Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vegan Yogurt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegan Yogurt Market - Supply Chain
4.5. Global Vegan Yogurt Market Forecast
4.5.1. Vegan Yogurt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegan Yogurt Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegan Yogurt Market Absolute $ Opportunity
5. Global Vegan Yogurt Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vegan Yogurt Market Size and Volume Forecast by Type
5.3.1. Soy Yogurt
5.3.2. Almond Yogurt
5.3.3. Coconut Yogurt
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegan Yogurt Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vegan Yogurt Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. HoReCa
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegan Yogurt Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vegan Yogurt Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vegan Yogurt Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vegan Yogurt Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vegan Yogurt Demand Share Forecast, 2019-2026
9. North America Vegan Yogurt Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vegan Yogurt Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vegan Yogurt Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. HoReCa
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegan Yogurt Market Size and Volume Forecast by Type
9.7.1. Soy Yogurt
9.7.2. Almond Yogurt
9.7.3. Coconut Yogurt
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vegan Yogurt Demand Share Forecast, 2019-2026
10. Latin America Vegan Yogurt Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vegan Yogurt Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vegan Yogurt Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. HoReCa
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegan Yogurt Market Size and Volume Forecast by Type
10.7.1. Soy Yogurt
10.7.2. Almond Yogurt
10.7.3. Coconut Yogurt
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vegan Yogurt Demand Share Forecast, 2019-2026
11. Europe Vegan Yogurt Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vegan Yogurt Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vegan Yogurt Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. HoReCa
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegan Yogurt Market Size and Volume Forecast by Type
11.7.1. Soy Yogurt
11.7.2. Almond Yogurt
11.7.3. Coconut Yogurt
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vegan Yogurt Demand Share, 2019-2026
12. Asia Pacific Vegan Yogurt Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vegan Yogurt Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vegan Yogurt Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. HoReCa
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegan Yogurt Market Size and Volume Forecast by Type
12.7.1. Soy Yogurt
12.7.2. Almond Yogurt
12.7.3. Coconut Yogurt
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vegan Yogurt Demand Share, 2019-2026
13. Middle East & Africa Vegan Yogurt Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vegan Yogurt Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vegan Yogurt Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. HoReCa
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegan Yogurt Market Size and Volume Forecast by Type
13.7.1. Soy Yogurt
13.7.2. Almond Yogurt
13.7.3. Coconut Yogurt
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vegan Yogurt Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegan Yogurt Market: Market Share Analysis
14.2. Vegan Yogurt Distributors and Customers
14.3. Vegan Yogurt Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Mills
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Danone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hain Celestial Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Califia Farms
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ripple Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lactalis (Stonyfield Farm)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Daiya Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Good Karma Foods
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hudson River Foods
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Nancy's Yogurt
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kite Hill
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COYO Pty Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Forager Project
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yoconut Dairy Free
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook