Vegan yogurt are made from milk derived nuts, seeds, and grains. Nuts used to make the product include coconut, macadamia, hazelnuts, pistachios, pili, almond, and cashew. Seeds used in the making of vegan yogurt include soy, flax, and hemp, whereas grains include oats. So, manufactures do not depends on animal based products to make vegan yogurt. Vegan yogurt is consists of fat, minerals, protein, and vitamins.
The global Vegan Yogurt Market was valued at US$ 2.25 Billion and is expected to reach US$ 10.97 Billion exhibiting a CAGR of 18.19% during the years (2022-2030)
Market Leaders in the Vegan Yogurt Industry:
1) Dean Foods
Dean Foods was an American food and Beverage Company and also the largest dairy company in the United States. The products manufactured by the company included Ice cream, chees, juices, milk etc. The company was founded in the year 1925 and the headquarters are located in Dallas, Texas, U.S. the company was founded by Samuel E. Dean Sr.
2) Dairy Farmers of America Inc.
Dairy Farmers of America is a national milk marketing cooperative in the U.S. the company sells milk, dairy products, and shelf-stable dairy products mainly to wholesale buyers. DFA was founded in the year 1998 and the headquarters are located in Kansas City, Kansas, United States. In May 2020 DFA completed the acquisition of a substantial part of Dean Foods, which is the largest U.S. milk producer.
3) Blue Diamond Growers
Blue Diamond Growers is an agricultural cooperative and marketing organization, specializing in California almonds. The company was founded in the year 1910. The company produces almonds in various forms that include roasted almonds and almond milk. The headquarters are located Calpak Plant No.11, Sacramento, California, U.S.
4) General Mills, Inc.
General Mills Inc. is an American multinational manufacturer and marketer of branded processed consumer foods sold through retail stores. The company produces Making mixes, ice cream, yogurt, flour, and other food products. The company was founded in the year 1866 and the headquarters are located in Golden Valley, Minnesota, U.S. The company was founded by Cadwallader C. Washburn, John Crosby, James Ford Bell.
In May, 2022 General Mills announced its plans of acquiring TNT Crust, a supplier of frozen pizza crust, from peak rock capital.
5) Chobani Global Holdings
Chobani is an American food company specializing in strained yogurt. The company sells thick, Greek style yogurt that provides a higher protein content than traditional yoghurt. It is one of the main companies that popularized the style of yogurt in the U.S. The company was founded in the year 2005, and the headquarters are located in Norwich, New York, U.S. The company was founded by Hamdi Ulukaya.
In February, 2022 Chobani launched two new dairy platforms, Chobani Ultra Filtered Milk, a lactose-free, protein-packed ultrafiltered milk, and Chobani Half& Half.
6) Granarolo S.p.A
Granarolo S.p.A is a food company in Italy. The company operates in the fresh milk and dairy-cheese sector, yogurt, desserts, fresh cream, dry pasta, vegetable foods, deli meats. The company was founded in the year 1957 in Bologna and the headquarters are located in Italy. In October 2021, Granarolo acquired 100% of Calabro Cheese Corp. In May 2022, the company acquired majority stake in White & Seeds, a wellness startup.
*Definition: Vegan Yoghurt is yoghurt typically made from plant-based milk like, almond milk, soy milk, coconut milk and others. It is an alternative to regular yoghurt.
