
Report ID: SQMIG30D2016
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.
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Report ID: SQMIG30D2016