Vegan Yogurt Market: Growth Opportunities, Segmentation And Trends Analysis During The Forecast Year 2022-2030

 

Vegan Yogurt Market


Vegan yogurt is made with milk derived from nuts, seeds, and grains. Nuts including cashew, coconut, macadamia, hazelnuts, pistachios, and pili are used to make the product. While soy, flax, and hemp are seeds and are used to vegan yoghurt, oats are a grain.

The Vegan Yogurt Market was estimated at US$ 2.25 billion and is projected to grow to US$ 10.97 billion between 2022 and 2030, at a CAGR of 18.9%.

Growth Opportunities:

a. Expansion of Distribution Channels: Vegan yogurt manufacturers can explore partnerships with grocery stores, supermarkets, and online retailers to expand their distribution networks and reach a wider consumer base.

b. Product Innovation: Continuous innovation in terms of flavors, textures, and ingredients can attract new customers and drive market growth. Manufacturers can focus on developing unique and exotic flavors, as well as incorporating functional ingredients such as probiotics or plant-based proteins.

c. Marketing and Promotions: Effective marketing campaigns and educational initiatives about the health and environmental benefits of vegan yogurt can help raise awareness and drive consumer demand.

Segmentation:

• By Application: Ice cream, food, drinks, and other

• Vanilla, Strawberry, Mixed Berries, Raspberry, Peach, and Others, by Flavour

• By Product: Oats, Coconut, Soy, Almond, and Others

• By Distribution Channels: Convenience Stores, Online Stores, and Offline (Supermarket, Hypermarket)

• By regional distribution: The Americas: Canada and the United States

Mexico, Brazil, Argentina, and the rest of Latin America

Europe as a whole, including Germany, the United Kingdom, Spain, France, Italy, Russia

Competitive Landscape

The dairy sector is home to the following businesses: The Hain Celestial Group Inc., Vitasoy, White Wave Foods (Danone), Danone S.A., Oatly A.B., Barambah Organics Pty Ltd., Blue Diamond Growers, Dean Foods (Dairy Farmers of America), Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.), General Mills Inc.

Trends Analysis:

a. Plant-Based Alternatives: Growing concerns about animal welfare, environmental sustainability, and health have led consumers to opt for plant-based alternatives, including vegan yogurt.

b. Clean Label and Natural Ingredients: Consumers are increasingly seeking products with clean label ingredients and minimal processing. Vegan yogurts that use natural sweeteners, organic ingredients, and no artificial additives are gaining popularity.

c. Dairy-Free Probiotics: Probiotics are beneficial for gut health, and vegan yogurts that incorporate dairy-free probiotic strains are in high demand.

d. Convenience and Snacking: Vegan yogurts that come in convenient, on-the-go packaging formats or snackable sizes are appealing to busy consumers seeking healthy and portable options.

 

Read More –

https://www.globenewswire.com/news-release/2023/01/13/2588350/0/en/Global-Vegan-Yogurt-Market-to-Reach-US-10-97-Billion-by-2030-Says-Coherent-Market-Insights-CMI.html

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