The Vegan Yogurt Market is expected to register a CAGR of 8% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by source (Soy, Almond, Coconut, Others), category (plain, flavored). The report further presents analysis based on distribution channel (supermarkets and hypermarkets, convenience stores, online retail, and others). The global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Vegan Yogurt Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Vegan Yogurt Market Segmentation
Source- Soy
- Almond
- Coconut
- Others
- Plain
- Flavored
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Vegan Yogurt Market Growth Drivers- Growing Health Consciousness and Demand for Plant-Based Products: People's rising inclination to stay healthy is boosting the demand for plant-based vegan products. Vegan dairy products such as vegan yogurt, butter, and cheese are made primarily from plant-based sources such as almond, soy, coconut, etc., which are rich in wholesome carbs and nutrients. Thus, increasing health awareness is boosting the demand for vegan yogurt.
- Rising Prevalence of Lactose Intolerance and Dairy Allergies: The rising prevalence of lactose-based diseases also driving the demand for vegan dairy products. According to the article published in April 2023 by ‘National Centre of Biotechnology Information’ (NCBI), an average of 65% of the world’s population has lactose intolerance. People with lactose intolerance are recommended to have a lactose-free diet to avoid allergies and digestive problems such as diarrhea, abdominal bloating, and nausea. Thus, the demand for vegan yogurt is increasing across the globe.
- Higher Disposable Income and Growing Demand for Premium Vegan Products: Improved living standards and increased disposable income, several which ended up experiencing premium and artisanal vegan products. Economic prosperity allows for increased spending on specialty ingredients, thereby sustaining the growth of the vegan yogurt market worldwide.
- Increasing Vegan Population and Consumer Engagement: The significantly increasing vegan population over the past few years is a major trend creating demand for vegan products. According to Veganuary (a nonprofit organization that encourages individuals worldwide to become vegan for the entire month of January), in 2022, more than 620,000 people registered for the Veganuary campaign, and the registrations increased by 200% in the last three years.
- Environmental Awareness and Sustainability Concerns: Consumer awareness of the harmful effects of the livestock industry on the environment is increasing. Consuming vegan dairy products helps minimize carbon footprints and reduce overall environmental impacts. Therefore, consumers are rapidly switching to vegan yogurt.
- Health Consciousness and Changing Dietary Habits: Consumers are highly inclined toward vegan-friendly products due to increased health concerns and increased awareness of animal welfare. The rising health consciousness among people due to the increasing prevalence of obesity, diabetes, and other diseases is compelling them to change their dietary habits. People generally perceive plant-based products to be healthier than conventional ones.
- Product Innovation and Flavor Diversity: Key market players are innovating various products in the vegan format owing to increasing demand for vegan dairy products among consumers creating lucrative opportunities in the vegan yogurt market across the globe. Innovation in the different flavors, yogurt from different plant-based sources are the factors involved in innovation.
- Rising Popularity of Veganism Among Younger Generations: The increasing popularity of veganism, especially among younger generations, and the growing awareness of the negative impacts of the livestock industry on animals and the environment is boosting vegan dairy products demand among the younger generation.
- Surging E-commerce and Subscription Models: Surging the e-commerce sector further creates opportunities in the vegan yogurt market. Brands can get a much larger audience by having a robust internet presence and through e-commerce companies. The subscription model for regular deliveries of vegan yogurt also boosts loyalty and ease for customers.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vegan Yogurt Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Vegan Yogurt Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Danone SA, Culina Yogurt, Forager Project, General Mills, Joya, Kite Hill, Lava, Nancy’s Yogurt, Oatly, The Icelandic Milk and Skyr Corporations are among the leading players operating in the vegan yogurt market.
Based on geography, Europe held the largest share of the vegan yogurt market.
The rising awareness about health benefits of vegan dairy products among customers and strategic development initiatives by key market players is driving the vegan yogurt market growth.
The rising consumers’ inclination towards veganism is likely to remain the key trends in the market.
The Vegan Yogurt Market is estimated to witness a CAGR of 8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vegan Yogurt Market - By Type
1.3.2 Vegan Yogurt Market - By Distribution Channel
1.3.3 Vegan Yogurt Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VEGAN YOGURT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VEGAN YOGURT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VEGAN YOGURT MARKET - GLOBAL MARKET ANALYSIS
6.1. VEGAN YOGURT - GLOBAL MARKET OVERVIEW
6.2. VEGAN YOGURT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VEGAN YOGURT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOY
7.3.1. Overview
7.3.2. Soy Market Forecast and Analysis
7.4. ALMOND
7.4.1. Overview
7.4.2. Almond Market Forecast and Analysis
7.5. COCONUT
7.5.1. Overview
7.5.2. Coconut Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. VEGAN YOGURT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HYPERMARKET AND SUPERMARKET
8.3.1. Overview
8.3.2. Hypermarket and Supermarket Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. SPECIALTY STORES
8.5.1. Overview
8.5.2. Specialty Stores Market Forecast and Analysis
8.6. ONLINE
8.6.1. Overview
8.6.2. Online Market Forecast and Analysis
9. VEGAN YOGURT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vegan Yogurt Market Overview
9.1.2 North America Vegan Yogurt Market Forecasts and Analysis
9.1.3 North America Vegan Yogurt Market Forecasts and Analysis - By Type
9.1.4 North America Vegan Yogurt Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Vegan Yogurt Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Vegan Yogurt Market
9.1.5.1.1 Canada Vegan Yogurt Market by Type
9.1.5.1.2 Canada Vegan Yogurt Market by Distribution Channel
9.1.5.2 Mexico Vegan Yogurt Market
9.1.5.2.1 Mexico Vegan Yogurt Market by Type
9.1.5.2.2 Mexico Vegan Yogurt Market by Distribution Channel
9.1.5.3 US Vegan Yogurt Market
9.1.5.3.1 US Vegan Yogurt Market by Type
9.1.5.3.2 US Vegan Yogurt Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Vegan Yogurt Market Overview
9.2.2 Europe Vegan Yogurt Market Forecasts and Analysis
9.2.3 Europe Vegan Yogurt Market Forecasts and Analysis - By Type
9.2.4 Europe Vegan Yogurt Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Vegan Yogurt Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vegan Yogurt Market
9.2.5.1.1 Germany Vegan Yogurt Market by Type
9.2.5.1.2 Germany Vegan Yogurt Market by Distribution Channel
9.2.5.2 France Vegan Yogurt Market
9.2.5.2.1 France Vegan Yogurt Market by Type
9.2.5.2.2 France Vegan Yogurt Market by Distribution Channel
9.2.5.3 Italy Vegan Yogurt Market
9.2.5.3.1 Italy Vegan Yogurt Market by Type
9.2.5.3.2 Italy Vegan Yogurt Market by Distribution Channel
9.2.5.4 United Kingdom Vegan Yogurt Market
9.2.5.4.1 United Kingdom Vegan Yogurt Market by Type
9.2.5.4.2 United Kingdom Vegan Yogurt Market by Distribution Channel
9.2.5.5 Russia Vegan Yogurt Market
9.2.5.5.1 Russia Vegan Yogurt Market by Type
9.2.5.5.2 Russia Vegan Yogurt Market by Distribution Channel
9.2.5.6 Rest of Europe Vegan Yogurt Market
9.2.5.6.1 Rest of Europe Vegan Yogurt Market by Type
9.2.5.6.2 Rest of Europe Vegan Yogurt Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vegan Yogurt Market Overview
9.3.2 Asia-Pacific Vegan Yogurt Market Forecasts and Analysis
9.3.3 Asia-Pacific Vegan Yogurt Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Vegan Yogurt Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Vegan Yogurt Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vegan Yogurt Market
9.3.5.1.1 Australia Vegan Yogurt Market by Type
9.3.5.1.2 Australia Vegan Yogurt Market by Distribution Channel
9.3.5.2 China Vegan Yogurt Market
9.3.5.2.1 China Vegan Yogurt Market by Type
9.3.5.2.2 China Vegan Yogurt Market by Distribution Channel
9.3.5.3 India Vegan Yogurt Market
9.3.5.3.1 India Vegan Yogurt Market by Type
9.3.5.3.2 India Vegan Yogurt Market by Distribution Channel
9.3.5.4 Japan Vegan Yogurt Market
9.3.5.4.1 Japan Vegan Yogurt Market by Type
9.3.5.4.2 Japan Vegan Yogurt Market by Distribution Channel
9.3.5.5 South Korea Vegan Yogurt Market
9.3.5.5.1 South Korea Vegan Yogurt Market by Type
9.3.5.5.2 South Korea Vegan Yogurt Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Vegan Yogurt Market
9.3.5.6.1 Rest of Asia-Pacific Vegan Yogurt Market by Type
9.3.5.6.2 Rest of Asia-Pacific Vegan Yogurt Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vegan Yogurt Market Overview
9.4.2 Middle East and Africa Vegan Yogurt Market Forecasts and Analysis
9.4.3 Middle East and Africa Vegan Yogurt Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Vegan Yogurt Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Vegan Yogurt Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vegan Yogurt Market
9.4.5.1.1 South Africa Vegan Yogurt Market by Type
9.4.5.1.2 South Africa Vegan Yogurt Market by Distribution Channel
9.4.5.2 Saudi Arabia Vegan Yogurt Market
9.4.5.2.1 Saudi Arabia Vegan Yogurt Market by Type
9.4.5.2.2 Saudi Arabia Vegan Yogurt Market by Distribution Channel
9.4.5.3 U.A.E Vegan Yogurt Market
9.4.5.3.1 U.A.E Vegan Yogurt Market by Type
9.4.5.3.2 U.A.E Vegan Yogurt Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Vegan Yogurt Market
9.4.5.4.1 Rest of Middle East and Africa Vegan Yogurt Market by Type
9.4.5.4.2 Rest of Middle East and Africa Vegan Yogurt Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vegan Yogurt Market Overview
9.5.2 South and Central America Vegan Yogurt Market Forecasts and Analysis
9.5.3 South and Central America Vegan Yogurt Market Forecasts and Analysis - By Type
9.5.4 South and Central America Vegan Yogurt Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Vegan Yogurt Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vegan Yogurt Market
9.5.5.1.1 Brazil Vegan Yogurt Market by Type
9.5.5.1.2 Brazil Vegan Yogurt Market by Distribution Channel
9.5.5.2 Argentina Vegan Yogurt Market
9.5.5.2.1 Argentina Vegan Yogurt Market by Type
9.5.5.2.2 Argentina Vegan Yogurt Market by Distribution Channel
9.5.5.3 Rest of South and Central America Vegan Yogurt Market
9.5.5.3.1 Rest of South and Central America Vegan Yogurt Market by Type
9.5.5.3.2 Rest of South and Central America Vegan Yogurt Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VEGAN YOGURT MARKET, KEY COMPANY PROFILES
11.1. COYO PTY LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAIYA FOODS INC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DANONE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL MILLS INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GOOD KARMA FOODS, INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HAIN CELESTIAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HUDSON RIVER FOODS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KITE HILL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NANCY'S
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STONYFIELD FARM, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11.
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. COYO Pty Ltd.
2. Daiya Foods Inc
3. Danone
4. General Mills Inc.
5. Good Karma Foods, Inc.
6. Hain Celestial
7. Hudson River Foods
8. Kite Hill
9. NANCY'S
10. Stonyfield Farm, Inc.
11.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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