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:
Detailed Segmentation-
Table of Contents
* Browse 25 market data tables* and 20 figures* on "Global Vegan Yogurt Market” - Global forecast to 2031.
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