Product Code: GVR-4-68038-758-2
Vegan Yogurt Market Growth & Trends:
The global vegan yogurt market size is anticipated to reach USD 11.11 billion by 2030 and is anticipated to expand at a CAGR of 19.7% during the forecast period, according to a new report by Grand View Research, Inc. Rising importance of plant-based food in developed economies of North America and Europe as a result of growing popularity of vegan nutrition products among health conscious consumers is expected to be a key driving force. Furthermore, growing concerns regarding lactose intolerance on a global level have paved the way for milk alternatives such as vegan yogurt over the next few years.
Vegan yogurt is sold in various flavors including raspberry, strawberry, blueberry, vanilla, peach, lime, macchiato, salted caramel, lemon, cherry, chocolate, mango, rhubarb, pear, fig, kiwi, blackberry, kiwi, banana, pineapple, acai, apple, cinnamon, maple, chia, granola, pina colada, hibiscus, and date. While a number of flavors are being introduced in the market, the plain version is among the most preferred variants. It offers the option to add toppings like fresh fruits, nuts, or condiments based on personal preferences. Plain yogurt helps in moderating sugar intake, depending on the requirements. Manufacturers have been taking these trends into consideration and have been launching products with low-profile flavors.
Vegan yogurt with less than five grams of added sugar has been known to be preferred among consumers. Some companies have been exhibiting a conscious effort to create environment friendly products. In February 2024, Danone's Silk brand introduced a pea-protein-based yogurt available in Key lime and vanilla flavors. Each serving contains 12 grams of protein and live probiotics. The product emphasizes local sourcing, utilizing Canadian pea protein, and is produced in Quebec.
Vegan Yogurt Market Report Highlights:
- The soy segment accounted for the largest revenue share of over 45% in 2024 and is expected to maintain its dominance over the forecast period. The dominance is attributed to the lower cost of the product in comparison to most available alternatives in the market.
- The rice segment is anticipated to grow at the fastest CAGR from 2020 to 2030. The product has been gaining popularity among customers as rice milk is considered to be the least allergenic milk among all the dairy milk alternatives.
- The hypermarkets, supermarkets, and convenience stores segment accounted for the largest revenue share in 2024 and is expected to maintain the dominance over the forecast period, owing to the availability of large grocery store chains across the globe with a large customer base
- Europe dominated the market and held a market revenue share of more than 50% in 2024. Positive outlook towards plant-based foods in Western European countries, including Germany, France, and Italy, is expected to have a positive impact on the market.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Vegan Yogurt Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Consumer Trends & Preferences
- 4.3. Factors Influencing Buying Decisions
- 4.4. Consumer Product Adoption Trends
- 4.5. Observations & Recommendations
Chapter 5. Vegan Yogurt Market: Product Estimates & Trend Analysis
- 5.1. Vegan Yogurt Market Product: Key Takeaways
- 5.2. Product Analysis & Market Share, 2024 & 2030
- 5.3. Vegan Yogurt Market Estimates & Forecast, By Product, 2018 to 2030 (USD Million)
- 5.3.1. Soy
- 5.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.2. Almond
- 5.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.3. Rice
- 5.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 5.3.4. Others
- 5.3.4.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 6. Vegan Yogurt Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Vegan Yogurt Market Distribution Channel: Key Takeaways
- 6.2. Distribution Channel Movement Analysis & Market Share, 2024 & 2030
- 6.3. Vegan Yogurt Market Estimates & Forecast, By Distribution Channel, 2018 to 2030 (USD Million)
- 6.3.1. Hypermarkets, Supermarkets, & Convenience Stores
- 6.3.1.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.2. Specialty Stores
- 6.3.2.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
- 6.3.3. Online
- 6.3.3.1. Market Estimates & Forecasts, 2018 to 2030 (USD Million)
Chapter 7. Vegan Yogurt Market: Regional Estimates & Trend Analysis
- 7.1. Vegan Yogurt Market: Regional Outlook
- 7.2. Regional Marketplaces: Key Takeaways
- 7.3. Vegan Yogurt Market Estimates & Forecast, By Region, 2018 to 2030 (USD Million)
- 7.4. North America
- 7.4.1. North America Vegan Yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.2. U.S.
- 7.4.2.1. Key country dynamics
- 7.4.2.2. U.S. vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.3. Canada
- 7.4.3.1. Key country dynamics
- 7.4.3.2. Canada vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.4.4. Mexico
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Mexico vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5. Europe
- 7.5.1. Europe vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.2. Germany
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Germany vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.3. UK
- 7.5.3.1. Key country dynamics
- 7.5.3.2. UK vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.4. France
- 7.5.4.1. Key country dynamics
- 7.5.4.2. France vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.5. Spain
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Spain vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.5.6. Italy
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Italy vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6. Asia Pacific
- 7.6.1. Asia Pacific vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.2. China
- 7.6.2.1. Key country dynamics
- 7.6.2.2. China vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.3. Japan
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Japan vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.4. India
- 7.6.4.1. Key country dynamics
- 7.6.4.2. India vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.5. South Korea
- 7.6.5.1. Key country dynamics
- 7.6.5.2. South Korea vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.6.6. Australia
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Australia vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.7. Central & South America
- 7.7.1. Central & South America vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.7.2. Brazil
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Brazil vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.8. Middle East & Africa
- 7.8.1. Middles East & Africa vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
- 7.8.2. South Africa
- 7.8.2.1. Key country dynamics
- 7.8.2.2. South Africa vegan yogurt market estimates & forecast, 2018 - 2030 (USD Million)
Chapter 8. Vegan Yogurt Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share, 2024
- 8.4. Company Heat Map/ Positioning Analysis
- 8.5. Strategy Mapping
- 8.6. Company Profiles
- 8.6.1. Hain Celestial
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Strategic Initiatives
- 8.6.2. Danone
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Strategic Initiatives
- 8.6.3. General Mills Inc.
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Strategic Initiatives
- 8.6.4. Stonyfield Farm, Inc.
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Strategic Initiatives
- 8.6.5. Daiya Foods.
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Strategic Initiatives
- 8.6.6. Good Karma Foods.
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Strategic Initiatives
- 8.6.7. Hudson River Foods
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Strategic Initiatives
- 8.6.8. Nancy's
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Strategic Initiatives
- 8.6.9. Kite Hill Store
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Strategic Initiatives
- 8.6.10. COYO Pty Ltd.
- 8.6.10.1. Company Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Strategic Initiatives
- 8.6.11. Chobani, LLC
- 8.6.11.1. Company Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Strategic Initiatives