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PUBLISHER: IMARC | PRODUCT CODE: 1370326
PUBLISHER: IMARC | PRODUCT CODE: 1370326
Vegan Yogurt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global vegan yogurt market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 18% during 2023-2028.
Vegan yogurt is a creamy and healthy non-dairy vegan food product that assists in meeting the nutritional requirements of the vegan population. It is prepared using plant sources, such as almonds, soy, coconuts, flax, hemp, oats, peas and cashews. It is a rich source of vitamins, minerals, amino acids and essential fats, owing to which it assists in minimizing inflammation and increasing the metabolism. Currently, the demand for vegan yogurt is escalating due to the growing adoption of veganism and its easy availability in a wide array of flavors, such as vanilla, strawberry, raspberry, mixed berry, etc.
According to studies by several institutes, including the University of Oxford, replacing meat and dairy products with a variety of plant-based foods can help improve human health and minimize greenhouse gas emissions. Moreover, numerous non-government organizations (NGOs) are promoting the welfare of farm animals and spreading awareness about the nutritional benefits of an animal-free diet, which in turn is strengthening the market growth. Apart from this, the increasing prevalence of chronic conditions is positively influencing the sales of low-fat vegan cheese as it helps maintain the blood glucose levels and reduce the risks of obesity, stroke, cholesterol and cancer. Furthermore, the leading players are investing in attractive packaging solutions to expand their existing consumer base. Other factors anticipated to bolster the market growth include the growing number of lactose-intolerant individuals and extensive campaigns undertaken by celebrities and other public figures to encourage the adoption of a vegan diet.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan yogurt market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on source, flavor, application and distribution channel.
Breakup by Source:
Almond
Soy
Coconut
Others
Breakup by Flavor:
Vanilla
Strawberry
Mixed Berry
Raspberry
Peach
Others
Breakup by Application:
Frozen Dessert
Food
Beverages
Others
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Convenience Stores
Online Stores
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Barambah Organics Pty Ltd., Blue Diamond Growers, Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.), Dean Foods (Dairy Farmers of America), General Mills Inc., Granarolo S.p.A., The Hain Celestial Group Inc., Vitasoy, White Wave Foods (Danone), etc.
Key Questions Answered in This Report:
- How has the global vegan yogurt market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global vegan yogurt market?
- What is the breakup of the market based on the source?
- What is the breakup of the market based on the flavor?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global vegan yogurt market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2289
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vegan Yogurt Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Source
- 6.1 Almond
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Soy
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Coconut
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Flavor
- 7.1 Vanilla
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Strawberry
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Mixed Berry
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Raspberry
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Peach
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
8 Market Breakup by Application
- 8.1 Frozen Dessert
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Food
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Beverages
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Hypermarkets and Supermarkets
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Convenience Stores
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Online Stores
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Barambah Organics Pty Ltd.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Blue Diamond Growers
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Dean Foods (Dairy Farmers of America)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 General Mills Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Granarolo S.p.A.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.7 The Hain Celestial Group Inc.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Vitasoy
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 White Wave Foods (Danone)
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.1 Barambah Organics Pty Ltd.
Product Code: SR112023A2289
List of Figures
- Figure 1: Global: Vegan Yogurt Market: Major Drivers and Challenges
- Figure 2: Global: Vegan Yogurt Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Vegan Yogurt Market: Breakup by Source (in %), 2022
- Figure 4: Global: Vegan Yogurt Market: Breakup by Flavor (in %), 2022
- Figure 5: Global: Vegan Yogurt Market: Breakup by Application (in %), 2022
- Figure 6: Global: Vegan Yogurt Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Vegan Yogurt Market: Breakup by Region (in %), 2022
- Figure 8: Global: Vegan Yogurt Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Vegan Yogurt (Almond) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Vegan Yogurt (Almond) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Vegan Yogurt (Soy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Vegan Yogurt (Soy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Vegan Yogurt (Coconut) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Vegan Yogurt (Coconut) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Vegan Yogurt (Other Sources) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Vegan Yogurt (Other Sources) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Vegan Yogurt (Vanilla) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Vegan Yogurt (Vanilla) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Vegan Yogurt (Strawberry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Vegan Yogurt (Strawberry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Vegan Yogurt (Mixed Berry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Vegan Yogurt (Mixed Berry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Vegan Yogurt (Raspberry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Vegan Yogurt (Raspberry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Vegan Yogurt (Peach) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Vegan Yogurt (Peach) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Vegan Yogurt (Other Flavors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Vegan Yogurt (Other Flavors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Vegan Yogurt (Frozen Dessert) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Vegan Yogurt (Frozen Dessert) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Vegan Yogurt (Food) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Vegan Yogurt (Food) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Vegan Yogurt (Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Vegan Yogurt (Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Vegan Yogurt (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Vegan Yogurt (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Vegan Yogurt (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Vegan Yogurt (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Vegan Yogurt (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Vegan Yogurt (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Vegan Yogurt (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Vegan Yogurt (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: North America: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: North America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United States: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United States: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Canada: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Canada: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Asia Pacific: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Asia Pacific: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: China: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: China: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Japan: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Japan: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: India: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: India: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: South Korea: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: South Korea: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Australia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Australia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Indonesia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Indonesia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Europe: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Europe: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Germany: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Germany: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: France: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: France: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: United Kingdom: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: United Kingdom: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Italy: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Italy: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Spain: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Spain: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Russia: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Russia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Latin America: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Latin America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Brazil: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Brazil: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Mexico: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Mexico: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Middle East and Africa: Vegan Yogurt Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Middle East and Africa: Vegan Yogurt Market: Breakup by Country (in %), 2022
- Figure 93: Middle East and Africa: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Global: Vegan Yogurt Industry: SWOT Analysis
- Figure 95: Global: Vegan Yogurt Industry: Value Chain Analysis
- Figure 96: Global: Vegan Yogurt Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Vegan Yogurt Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Vegan Yogurt Market Forecast: Breakup by Source (in Million US$), 2023-2028
- Table 3: Global: Vegan Yogurt Market Forecast: Breakup by Flavor (in Million US$), 2023-2028
- Table 4: Global: Vegan Yogurt Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Vegan Yogurt Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 6: Global: Vegan Yogurt Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Vegan Yogurt Market: Competitive Structure
- Table 8: Global: Vegan Yogurt Market: Key Players
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