DUBAI, United Arab Emirates, March 16, 2022 (GLOBE NEWSWIRE) -- Sales in the global vegan yogurt market are slated to increase at a robust 8.9% CAGR, reaching a market valuation of US$ 5.1 Bn in 2032.
| Vegan Yogurt Market Size (2022) | US$ 2.2 Bn | |
| Vegan Yogurt Market Projected Size (2032) | US$ 5.1 Bn | |
| Vegan Yogurt Value-based CAGR (2022-2032) | 8.9% | |
| Vegan Yogurt Top 3 Countries Market Share | 35.8 | |
Increasing incidence of lactose intolerance among consumers is resulting in lesser consumption of milk-based products. As a result, plant-based diet has grown in popularity among the consumers, with many people trying to replace dairy products with plant-based alternatives, including yogurt.
To remain ‘ahead’ of your competitors, request for a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14386
This has led to high demand for vegan yogurts which contain live probiotics and cultures and provide the same digestive advantages as dairy-based yogurts.
Hemp milk yogurt and flax yogurt, for example, are high in fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are enriched with minerals and vitamins to improve their nutrient level. These products are as rich, creamy, and smooth as regular yoghurt, and they don't require any flavor or texture adaptation.
Vegan yogurt manufacturers have been experimenting and developing different bases and distinctive flavors to promote these yogurts as mainstream products. Furthermore, milk obtained from grains, seeds, and nuts such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like oats, are also used to make vegan yoghurt.
“Wide availability of vegan yogurt at online channels, along with growing popularity of veganism in emerging economies will continue driving the vegan yogurt market over the forecast period,” says the FMI analyst.
Key Takeaways:
- By flavor, demand in the chocolate segment is expected to remain high over the forecast period.
- Based on the product type, sales in the almond mil vegan yogurt segment are forecast to gain traction over the assessment period.
- In terms of sales channel, the offline segment is expected to account for a dominant share of the market through 2032.
- The North America vegan yogurt market is expected to grow at a 8.5% CAGR through 2032.
- East Asia vegan yogurt market is expected to emerge as a lucrative pocket with sales growing at a high rate.
For critical insights on this market, request to ask an expert here @ https://www.futuremarketinsights.com/ask-question/rep-gb-14386
Competitive Landscape
Leading players operating in the global vegan yogurt market are aiming to expand their presence in developing countries to gain a competitive edge. They are also investing in research and development to improve their product portfolios by adding innovative flavors. For instance:
- Danone, a leading French yogurt company, acquired WhiteWave Foods, a Colorado-based company for its range of plant-based food and beverages manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.
Vegan Yogurt Market by Category
By Product Type:
- Soy Milk Yogurt
- Coconut Milk Yogurt
- Almond Milk Yogurt
- Rice Milk Yogurt
By Flavour:
- Chocolate
- Strawberry
- Banana
- Pineapple
- Mango
- Lemonade
- Peach
By Sales Channel:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
By Region:
- North America
- Latin America
- Europe
- Middle east and Africa
- East Asia
- South Asia
- Oceania
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vegan yogurt market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Buy Now Full Report @ https://www.futuremarketinsights.com/checkout/14386
The study offers compelling insights based on product type (soy milk yogurt, coconut milk yogurt, almond milk yogurt, and rice milk yogurt), flavor (chocolate, strawberry, banana, pineapple, mango, lemonade, and peach), sales channel (offline sales channel (supermarkets/hypermarkets, departmental stores, convenience store) and online sales channel (company website and e-commerce platform)), across seven major regions.
Explore wide-ranging Coverage of FMI's Food and Beverage Market Insights Landscape
Spirits Market – The global spirits market is estimated at US$ 56 Bn in 2022 and is projected to reach US$ 92.9 Bn by 2032, at a CAGR of 5.2% from 2022 to 2032.
Champagne Market – The global champagne market is expected to reach a market valuation of US$ 7.0Bn by the year 2022, accelerating at a CAGR of 5.08% by 2022-2032, to reach a value of US$ 11.5Bn by 2032.
Vegan Flour Market – The global vegan flour market is expected to reach a valuation of US$ 1.1 Bn in 2022, with sales growing at a CAGR of 6.5% over the forecast period. Against this backdrop, the market valuation is set to top US$ 2.08 Bn by 2032.
Whiskey Market – Whiskey sales are likely to account for ~14.9% of the demand in the global alcohol beverages market, valued at US$ 542.6 Bn in 2021.
Pre-Workout Supplements Market – The pre-workout supplements market is projected to reach a market valuation of US$ 14.02 Bn in 2022. Growing emphasis on personal wellbeing is expected to boost sales at a robust 8.4% CAGR, with the market valuation reaching US$ 31.5 Bn in 2032.
Arachidonic Acid Market – The arachidonic acid market is projected to register a CAGR of 6.5% during the forecast period, up from US$ 231 Mn in 2021 to reach a valuation of US$ 460 Mn by 2032.
Nutrigenomic Market – The nutrigenomics market is expected to register a CAGR of 16% during the forecast period, up from US$ 451.7 Mn in 2021 to reach a valuation of US$ 2311.49 Mn by 2032.
Encapsulated Sodium Bicarbonate Market – The encapsulated sodium bicarbonate market is projected to record a positive CAGR during the forecast period. Encapsulated sodium bicarbonate is primarily used as an agent that decreases stomach acids and is used in bakeries.
Avena Sativa Market – The avena sativa market is projected to record a promising CAGR during the forecast period.
Lentils Flour Market - The lentils flour market is projected to register a CAGR of 12% during the forecast period, up from US$ 4.87 Bn in 2021 to reach a valuation of US$ 17 Bn by 2032.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centres in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/vegan-yogurt-market
