Vegan Yogurt Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

Vegan Yogurt Market Report Analysis

Vegan Yogurt Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• COYO Pty Ltd.
• Daiya Foods Inc
• Danone
• General Mills Inc.
• Good Karma Foods, Inc.
• Hain Celestial
• Hudson River Foods
• Kite Hill
• NANCY'S

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Soy
• Almond
• Coconut

By Distribution Channel

• Hypermarket and Supermarket
• Convenience Stores
• Specialty Stores
• Online

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.

Vegan Yogurt Market Report Scope