The vegan yogurt market is estimated to be valued at USD 3.63 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 18.6% from 2024 to 2031. The vegan yogurt market has seen significant growth over the past few years driven by the rising health and wellness trends along with increased awareness about the benefits of plant-based and organic products. More consumers are now switching to vegan versions of regular dairy products as they seek to reduce their consumption of animal products and adopt a sustainable and ethical lifestyle. Several health conditions including lactose intolerance as well as allergy to dairy also contribute to the rising demand for dairy-free alternatives like vegan yogurt. With nutritional value comparable to dairy yogurt and diverse range of flavors and textures, vegan yogurts are emerging as a popular substitute. Leading manufacturers are innovating with novel ingredients to replicate the taste and texture of dairy yogurt closely and appeal to both vegan as well as non-vegan consumers.

 Market Dynamics:

The global vegan yogurt market is driven by the rising health consciousness, along with increasing cases of lactose intolerance and milk allergy globally. Growing awareness about the various health benefits of plant-based and organic products is also fueling the market growth. However, higher prices of vegan yogurts compared to dairy equivalents and perceived lower nutritional value are some of the factors limiting their widespread adoption. Major opportunities include product innovation with exotic flavors and formats, as well as rising investment in brand promotion and marketing. Sustained focus on R&D to further enhance product quality is crucial to sustaining the growth momentum.

 Key Features of the Study:

• This report provides an in-depth analysis of the global vegan yogurt market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global vegan yogurt market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Met Foods, Cocos Organic, Hain Celestial, EasiYo Products Limited, Danone, General Mills Inc., Stonyfield Farm, Inc., Daiya Foods Inc, Good Karma Foods, Inc., Hudson River Foods, NANCY'S, Kite Hill, COYO Pty Ltd., Nush Foods, Chobani, LLC, Barambah Organics Pty Ltd, Blue Diamond Growers, Dean Foods, General Mills Inc., and Granarolo S.P.A.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global vegan yogurt market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan yogurt market.

Detailed Segmentation-

• By Source:
  • Soy
  • Almond
  • Oats
  • Coconut
  • Others
• By Distribution Channel:
  • Hypermarket/Supermarket
  • Convenience Stores
  • Specialty Stores
  • Online
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Met Foods
  • Cocos Organic
  • Hain Celestial
  • EasiYo Products Limited
  • Danone
  • General Mills Inc.
  • Stonyfield Farm, Inc.
  • Daiya Foods Inc
  • Good Karma Foods, Inc.
  • Hudson River Foods
  • NANCY'S
  • Kite Hill
  • COYO Pty Ltd.
  • Nush Foods
  • Chobani, LLC
  • Barambah Organics Pty Ltd
  • Blue Diamond Growers
  • Dean Foods
  • General Mills Inc.
  • Granarolo S.P.A.