The vegan yogurt market is set to thrive at an average CAGR of 5.8% during the forecast period. The market holds a share of USD 6.7 billion in 2023 while it is anticipated to cross a value of USD 11.7 billion by 2033.
The research report on the vegan yogurt market explains that the flourishing vegan movement in the North American and Asian countries is a leading cause of vegan products’ success. Vegan yogurt is one of the vegan products with great household penetration. This is due to the health benefits and high nutritional value it carries. Furthermore, the advanced flavor with organic substances is expanding the sales of vegan yogurt. The advanced active and inactive cultures are loaded within the yogurt with probiotics, along with beneficial gut bacteria, making it super healthy for gut health and digestion.
A huge population of people opt for healthy lifestyles and avoid exploiting animals to source their consumables, flourishing the demand for vegan alternatives to dairy products. Companies experimenting with different levels of probiotic bacteria, along with the rich protein and fiber levels, are attracting end-users. New plant-based companies with experiments with yogurt and other material, such as coconut, soy, cashew, oat, and almond milk. The shrinking price gap between regular yogurt and vegan yogurt is fueling the sales of vegan yogurt globally.
The vegan yogurt market outlook explains that the growth is attributable to the high nutrient content in vegan yogurt, along with growing awareness of its rich nutritional values, such as vitamins, minerals, amino acids, and essential fats that help maintain healthy skin and hair. Vegan yogurt also helps in maintaining metabolism among consumers and aids in weight loss. Vegan yogurt with highly advanced packaging is also fueling the component markets, such as tubs, lids, and packaging. The key driving factors are listed below:
| Attributes | Details |
|---|---|
| Vegan Yogurt Market CAGR (2023 to 2033) | 5.8% |
| Vegan Yogurt Market Size (2023) | USD 6.7 billion |
| Vegan Yogurt Market Size (2033) | USD 11.7 billion |
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The global vegan yogurt market registered a comparatively lower CAGR of 4.3% from 2017 to 2022. Shifting preference from dairy-based products to dairy-free products due to a high incidence of lactose intolerance fueled the sales of vegan yogurt during the short-term growth period.
Increasing expenditure on plant-based foods in North America and Europe is expected to drive the market over the assessment period. In addition to this, growing rates of milk allergies among teenagers and children are spurring the demand for plant-based food products, especially vegan yogurt. The market is likely to grow steadily between 2023 and 2028.
Vegan yogurt offers functional benefits, such as maintaining blood sugar levels, reducing cholesterol, and resolving gastrointestinal issues. Driven by these factors, the demand for vegan yogurt is expected to remain high in the forthcoming years. The vegan yogurt market is anticipated to thrive at a CAGR of 5.8% between 2023 and 2033.
Consumers across the world are unsure about the nutritional and processing characteristics that make a product vegan. As a result, the availability of non-dairy milk, cheese, and yogurt substitutes has caused confusion among consumers, who frequently mistake the nutritional value of vegan products for that of dairy counterparts.
Regulatory agencies have stepped in to address some of these concerns. The United States Food and Drug Administration (FDA), for example, is looking into the identity guidelines for using dairy names for non-dairy goods. The regulatory agency has issued a request for information to gather information on how consumers use dairy replacements and how they interpret the term vegan in this context.
Similarly, the European Union in 2019 defined the concept of vegan food, laying the way for any product to be labeled as vegan. With this definition, the EU hopes to educate customers, as well as establish adequate criteria for businesses that produce vegan foods and beverages. Developing enterprises and established industry players can use the data to optimize their plans for tapping into the growing vegan products market.
Principal Consultant
| Regions | Absolute Market Growth |
|---|---|
| United States | USD 328.8 billion |
| United Kingdom | USD 43.4 million |
| China | USD 2.7 billion |
| Japan | USD 95 million |
| India | USD 401.1 million |
The Rising Incidence of Lactose Intolerance is Spurring Demand for Dairy-free Yogurt
| Region | Details |
|---|---|
| United States Market CAGR (2023 to 2033) | 5.4% |
| United States Market Absolute Doller Growth (USD million/billion) | USD 328.8 billion |
The United States vegan yogurt market is flourishing at a CAGR of 5.4% between 2023 and 2033, while reaching a value of 803.6 million by 2033.
The United States is expected to dominate the North America vegan yogurt market owing to increasing expenditure on plant-based foods in the country.
Manufacturers with excellent consumer insights, knowledge, and best-in-class product development competencies are drawing more customers in the country through creative product portfolios and a wide range of flavors.
Growing preference for functional foods in the United States, along with the availability of various vegan yogurts on online sales channels, are expected to continue pushing sales in the market over the assessment period.
Growing Trend of Veganism Boosts Sales of Plant-based Yoghurt in China
| Region | Details |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 6.9% |
| Chinese Market Absolute Doller Growth (USD million/billion) | USD 2.7 billion |
China thrives at a market-leading CAGR of 6.9% between 2023 and 2033, while it is anticipated to hold a value of USD 5.6 billion by 2033.
Sales of vegan yogurt are expected to rise at a robust pace in China, owing to the high demand for vegan alternatives to dairy-based products. Increasing preference for nutritious processed foods for a healthy lifestyle is resulting in high expenditure on plant-based foods, which is anticipated to boost sales in the market.
Increasing Adoption of Vegan Greek Yogurt in France is Expected to Fuel Growth
Growing preference among consumers in the country for sustainable food with health advantages is expected to drive sales of vegan yogurt. Furthermore, the country is recognized for its pastries and desserts, making it a popular market for vegan yogurt. According to Green Queen Media, there are nearly 2.6 million vegan consumers in France, which is anticipated to boost the market in the forthcoming years.
Furthermore, consumers in France are looking for healthy and nutritious sweets, which makes vegan yogurt a preferred choice as it is high in probiotics. As a result, demand in the France vegan yogurt market is likely to remain high over the forecast period.
| Segment | Top Product |
|---|---|
| Top Sub-segment | Almond Yogurt |
| CAGR (2017 to 2022) | 4.7% |
| CAGR (2023 to 2033) | 6.6% |
| Segment | Top End Use |
|---|---|
| Top Sub-segment | Household |
| CAGR (2017 to 2022) | 4.3% |
| CAGR (2023 to 2033) | 5.7% |
Almond milk is emerging as the most popular non-dairy alternative for making vegan yogurts, due to its highly unsaturated fat content and low cholesterol levels. The segment thrives at a CAGR of 6.6% between 2023 and 2033. Moreover, the presence of polyunsaturated fatty acids helps reduce bad cholesterol.
Furthermore, almond yogurt consumption has been found to improve digestive and ocular health, as well as overall immunity. Almond milk yogurts are high in vitamin E, which supplies 50% of a person's daily vitamin intake, ensuring that the skin remains healthy and beautiful.
As a result, vegan yogurt brands are launching products with almond milk as the primary ingredient, which in turn is driving sales in this segment.
By End Use, the household segment thrived at a CAGR of 5.7% between 2023 to 2033. The growth is attributed to the higher consumption on an individual level while veganism penetrates people’s lives. The growing awareness around animal rights and exploitation is turning people into vegans. This expands the sales of vegan yogurt through households.
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The global vegan yogurt market is highly fragmented, and the leading players are launching high-quality, nutrient-dense products to the market. Furthermore, rising demand has prompted players to expand their production capacity, allowing them to cater to a wider range of tastes and preferences while maintaining nutritional value. Some recent developments include
Market Developments:
The increasing popularity of plant-based diets in China is driving the growth of the vegan yogurt market in the region.
The rising awareness about the health benefits of vegan yogurt is driving the growth of the market in Europe, particularly in Germany.
The booming health and wellness industry is driving the adoption of vegan yogurt services globally.
The United States held 25% of the global market share in 2022.
The Asia Pacific region is expected to witness a CAGR of 10% through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Soy Yogurt 5.2. Almond Yogurt 5.3. Coconut Yogurt 5.4. Others 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Flavour 6.1. Chocolate 6.2. Strawberry 6.3. Banana 6.4. Pineapple 6.5. Mango 6.6. Lemonade 6.7. Peach 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End-Use 7.1. HORECA 7.2. Household 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Direct Sales 8.2. Indirect Sales 8.3. Modern Trade 8.4. Convenience Stores 8.5. Specialty Stores 8.6. E-Retailers 8.7. Other Retail Format 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific Excluding Japan 9.6. Japan 9.7. Middle East and Africa 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Vegan Yogurt Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Hain Celestial 19.2. General Mills Inc. 19.3. Danone 19.4. Stonyfield Farm, Inc. 19.5. KaTech 19.6. Epigamia 19.7. NANCY'S 19.8. Daiya Foods Inc 19.9. Kite Hill 19.10. Chobani, LLC 19.11. COYO Pty Ltd. 20. Assumptions & Acronyms Used 21. Research Methodology
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Vegan Yogurt Market
