USD 4.21 Billion
Report ID:
SQMIG30D2016 |
Region:
Global |
Published Date: January, 2025
Pages:
185
|Tables:
95
|Figures:
70
Global Vegan Yogurt Market size was valued at USD 4.21 Billion in 2023 poised to grow from USD 4.84 Billion in 2024 to USD 14.70 Billion by 2032, growing at a CAGR of 14.9% in the forecast period (2025-2032).
One of the primary drivers for the global vegan yoghurt market is the increased demand from consumers for plant-based food alternatives on account of moral, environmental, and health factors. The sector is also booming with the acceptance of veganism and heightened awareness about healthy diets. There are scope opportunities in this vegan yoghurt market if explored through a widening distribution network, especially via specialty shops and internet portals. It is still important to innovate product flavors and textures to cater to a wide range of consumer tastes. This cooperation can open possibilities for cross-promotion and entry into new markets among major players and food manufacturers. Consumers increasingly are choosing organic and non-GMO vegan yoghurt, searching for goods that live up to their ideals on the environment and ethics.
Probiotic strains are increasingly being used to enhance health benefits. In addition, consumer demand is driving efforts to produce plant-based yoghurt substitutes that mimic the flavor and texture of dairy yoghurt. Increasing popularity of plant-based diets is a major driver for the vegan yoghurt market. There has been growing concern in society over a safe and healthy environment, which raises a demand for food that addresses such needs. A product falling under this description is vegan yoghurt. According to its name, the product is one of food developed from plant milk; some are made from coconut, soy, or almond milk.
Market snapshot - (2025-2032)
Global Market Size
USD 4.21 Billion
Largest Segment
Soy
Fastest Growth
Rice
Growth Rate
14.9% CAGR
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The global vegan yogurt market is segmented based on product, distribution channel, flavor and additives, and regions. In terms of product, the market is grouped into soy, almond, rice, and others. Based on the distribution channel, the market is segmented into hypermarkets, supermarkets, convenience stores, specialty stores, and online. Based on flavor and additives, the market is segmented into plain, fruit-flavored, nut-flavored, probiotic, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
As per categorization by product, the market is classified as soy, almond, rice, and others. Among these, soy earned the largest share and continues to hold the dominant global vegan yogurt market share. Soy products are central to the global vegan yogurt market due to their versatile texture, high protein content, and mild flavor, which closely mimics traditional dairy yogurt. Soy-based yogurt innovations include fortified formulations with added probiotics, vitamins, and minerals, enhancing its nutritional value. Soy dominates due to its ready availability, cost-effectiveness, and ability to meet various dietary needs, which makes it the number one choice for manufacturers who seek to meet the growing vegan and lactose-free demands.
Rice products are rapidly becoming the fastest-growing segment in the global vegan yogurt market due to their hypoallergenic nature, mild flavor, and smooth texture, making them an ideal base for plant-based yogurt alternatives. Rice-based yogurt is growing in demand with soy, nut, or gluten allergies due to its safe and nutritious quality. Rice is inexpensive, easily available, and easily fortified with such nutrients as calcium and vitamin B12. As consumer demand for allergen-free and dairy-free products is growing, rice is emerging as an excellent choice as a versatile, inclusive, and sustainable product for the plant-based yogurt market.
The hypermarket distribution channel plays a pivotal role in the global vegan yogurt market by offering a wide variety of plant-based yogurt options in one convenient location. Innovations under the hypermarkets have included improved in-store display, better refrigeration technology, as well as proper sections for plant-based products that also feature brands of vegan yogurt. Hypermarkets lead the pack due to extensive reach, competitive price-points, strong consumer footfall, and availability opening windows of exposure toward wide-reaching demographics; thus, favorable supply chains also guarantee consistent stocks of popular vegan yogurt products thus, these are used both by consumers and manufacturers alike as the most convenient and visible platforms.
The supermarket distribution channel is poised to be the fastest-growing segment in the global vegan yogurt market due to its broad consumer base, accessibility, and increasing demand for plant-based products. Supermarkets include specific plant-based aisles as well as distinct vegan sections with products. Thus, supermarkets make the product easily available for the customer and thereby increase the purchase and sales volumes. The increased local presence with regular foot traffic boosts visibility and subsequent sales. As consumer awareness of lactose-free alternatives as well as vegan alternatives has grown rapidly in recent times, supermarkets are gaining pace and offering a varied range of yogurts at convenient and competitive prices.
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North America dominates the global vegan yogurt market due to its growing vegan population, rising health consciousness, and increasing preference for plant-based diets. Demand for dairy-free and lactose-free products in the region is growing rapidly due to health and sustainability consciousness in consumers. More environmentally and ethically conscious consumers in North America also lead the demand shift toward plant-based foods. Extensive distribution networks and innovative flavors and formulations in vegan yogurt have allowed key market players to further entrench North America as the dominant factor in this market. As the region leads in terms of its forward stance on plant-based foods, its position is secured.
Europe is the fastest-growing region in the global vegan yogurt market, driven by increasing consumer demand for plant-based alternatives and heightened awareness of health and sustainability issues. The growth in demand from European consumers towards vegan and lactose-free diets is on account of their awareness about animal welfare and the environment. The trend of flexitarian diets and growing vegan food chains in retail stores and supermarkets adds speed to the growth of the market. There are also robust regulations in Europe which favour plant-based food products, but the innovation regarding taste and texture appeals to such a broad category of consumers, establishing it as the growth leader of the market.
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Rising Vegan and Flexitarian Populations
Product Innovation and Variety
Limited Consumer Awareness
Availability in Certain Regions
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The competitive landscape of the global vegan yogurt market is marked by strong growth, with several key players innovating and expanding their product offerings. Companies are now working towards improving taste, texture, and nutritional value for a diverse consumer base. International players include Danone with Alpro, Chobani, Nestlé, and So Delicious Dairy Free. The above companies are constantly investing in R&D to come up with varieties of plant-based yogurts, keeping the competition alive, as demand continues to grow in the dairy-free category.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global vegan yogurt industry is driven due to the growth in consumer demands for plant-based alternatives, which gain popularity due to health, ethics, and environment concerns. Hence, with increasingly popular plant-based diets, this market requires innovated products and better distribution channels while key players collaborate for the same cause.
Consumer preference for functional, allergen-free, and sustainable options further fuels market growth. Further, regional shifts such as North America being less competitive than Europe, the latter has been growing very fast, point toward changing nature of this market. Continuous innovation in flavors, textures, and nutritional offerings means that it will continue to be a promising market in the coming years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.21 Billion |
Market size value in 2032 | USD 14.70 Billion |
Growth Rate | 14.9% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Vegan Yogurt Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vegan Yogurt Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vegan Yogurt Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vegan Yogurt Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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