Vegan Yogurt Market Updates by 2031
Vegan yogurt is an alternative to dairy-based yogurt, usually made from milk derived from seeds, nuts, and grains. Nuts used to make the product include almond, macadamia, coconut, hazelnuts, pili, pistachios, and cashew. While the seeds used to make vegan yogurt include flax, soy, and hemp, whereas grains include oats. The raw materials in coconut, soy, and almonds are ground together with water to produce vegan yogurt, rich in probiotics making it a healthy snack and an alternative for the lactose intolerant population.
MARKET DYNAMICS
Shifting preference towards dairy-free products among millennials on a global level is expected to promote the scope of plant-based nutritional products such as vegan yogurts. Besides, makers of vegan yogurts have been focused on innovating and experimenting with unique flavors and new bases to position their product as mainstream. However, vegan yogurt's higher cost price, the higher the manufacturing cost, and fluctuations in raw material price may become restraint for the vegan yogurt market in the short term.
MARKET SCOPE
The "Global Vegan Yogurt Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the vegan yogurt market with detailed market segmentation by type and distribution channel. The global vegan yogurt market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vegan yogurt market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan yogurt market is segmented into type and distribution channel. By type, the vegan yogurt market is classified into Soy, Almond, Coconut, Others. By distribution channel, the vegan yogurt market is classified into Hypermarket & Supermarket, Convenience Stores, Specialty Stores, Online.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global vegan yogurt market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The vegan yogurt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan yogurt market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the vegan yogurt market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global vegan yogurt market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The vegan yogurt market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan yogurt market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the vegan yogurt market in these regions.
MARKET PLAYERS
The reports cover vital developments in the vegan yogurt market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the vegan yogurt market are anticipated to lucrative growth opportunities in the future with the rising demand for vegan yogurt in the global market. Below mentioned is the list of few companies engaged in the vegan yogurt market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan yogurt market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- 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.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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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