
Report ID: SQMIG30D2016
Report ID:
SQMIG30D2016 |
Region:
Global |
Published Date: January, 2025
Pages:
185
|
Tables:
95 |
Figures:
70
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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Report ID: SQMIG30D2016