Vegan yogurt is a plant-based fermented food made from ingredients like soy milk, coconut milk, almond milk, rice milk, oats or nuts that provide the same texture and taste like dairy yogurt. Vegan yogurt comes with numerous benefits of being lactose-free, cholesterol-free and contain probiotics that are good for gut health.The global Vegan Yogurt Market is estimated to be valued at US$ 3.6 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing popularity of veganism and rising concerns over animal welfare are some of the key factors propelling the growth of the vegan yogurt market. According to surveys, over 5% of the U.S. population now identifies as vegan which is triple the number from 2014. Vegan yogurts offer dairy alternatives for consumers with lactose intolerance or milk allergies. Innovation in yogurt flavors like matcha, Thai coconut and chia pudding varieties is expanding the customer base. Major brands are including vegan yogurt lines to leverage the market potential.
Segment Analysis:
The global vegan yogurt market is dominated by the soy-based yogurt segment, accounting for over 30% share in 2022. Soy yogurt witnessed high demand owing to its nutritional profile resembling dairy yogurt and creamy texture. Coconut-based yogurt is the fastest growing segment, growing at a CAGR of 20% during the forecast period. Rising incidence of dairy-related intolerances and lactose allergy are driving the demand for non-dairy and plant-based substitutes like coconut yogurt.
Key Takeaways:
The Global Vegan Yogurt Market Size is expected to witness high growth, exhibiting a CAGR of 18% over the forecast period 2023 to 2030, due to increasing consumer preference for dairy-free and plant-based diets.
The Asia Pacific region is expected to be the fastest growing regional market for vegan yogurt during the forecast period owing to rising health consciousness among consumers and growing vegan population in the region. North America currently holds the largest share in the global vegan yogurt market led by early adoption of veganism as a lifestyle trend in the US and Canada.
Key players operating in the vegan yogurt market are 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), Danone S.A., Oatly A.B., Forager Project, Coyo Pty Ltd., Chobani Global Holdings, and Kite Hill. Major players are focusing on capacity expansions and new product launches catering to regional taste preferences to strengthen their market position.
Explore more trending article on this topic -
https://www.insightprobing.com/vegan-yogurt-market-growth-and-forecasts-analysis/
They have adopted many new style.
Coloring hair is one of them.People often get bored with the same black hair color.
When the discussion is on hair color blonde is the winner one.
There are many shades in dark blonde, you can choose any of them.
Get a new look on this summer.
Choose the color as per your skin complexion or if you are confuse consult with your hair stylist.Go for vegan dietIn earlier people were aware about vegetarian, now one more group has added, I.e vegan group.
