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Vegan Yogurts Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Apr 01, 2024
Length 185 Pages
SKU # FOB18798813

Description

Vegan Yogurts Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Vegan Yogurts Market

The vegan yogurts market size was valued at USD 3.10 billion in 2023, and the market is now projected to grow from USD 3.70 billion in 2024 to USD 16.76 billion by 2032, exhibiting a CAGR of 20.75% during the forecast period of 2024-2032.

the COVID-19 pandemic had an unstaggering impact on the market. The product demand was lowered by lockdown limitations and affected the overall vegan yogurts market growth. This particular market is still experiencing rapid growth post-pandemic period.

More opportunities exist for operational players to introduce novel or inventive plant-centric items into the market as consumer’s interest in typical products is dwindling more quickly than before. In addition to trying to create sustainable items, the startups and other up-and-coming companies intend to expand their product line. They also predict that in the upcoming years, the market for vegan goods will expand. This is the major factor influencing the vegan yogurts market share.

The vegan industry is well established market in some regions whereas still in its early stages in others but also witnessed to be evolving globally. A line of trendy and mouthwatering flavours have been introduced such as Chocolate, strawberry and also blueberry.

Comprehensive Analysis of Vegan Yogurts Market

Type-wise, the market is divided into four subtypes, including oats, soy, almonds, and others. Because almonds are increasingly used in the creation of a variety of vegan items, it is projected that the almonds segment will have the highest revenue share of all. Four market segments are identified based on the distribution channel: online sales channels, convenience stores, supermarkets/hypermarkets, and others. The category with the biggest predicted revenue share is supermarkets and hypermarkets.

In the global market, Asia Pacific held a commanding proportion. Due to increasing population, lactose intolerance and other such factors have been influencing the growth of the market.

Chobani Global Holdings, Oatly A.B., Danone S.A., and General Mills Inc. are a few of the well-known companies in the vegan yogurt industry. Through joint ventures or collaboration with other business partners, the corporations are heavily concentrating on growing their consumer base.

In July 2023, Popular German brand ""Müller"" introduced rice pudding and plant-based corner yogurts to the UK market. Before being distributed by other merchants, the new vegan items were first introduced at ""Asda.""

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 20.75% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Source

Almond

Soy

Oats

Others

By Distribution Channels

Supermarkets/Hypermarkets

Convenience Stores

Online Sales Channel

Others

By Geography

North America (By Source, Distribution Channel, and Country)

U.S. (By Source)

Canada (By Source)

Mexico (By Source)

Europe (By Source, Distribution Channel, and Country)

U.K. (By Source)

France (By Source)

Germany (By Source)

Italy (By Source)

Spain (By Source)

Rest of Europe (By Source)

Asia Pacific (By Source, Distribution Channel, and Country)

China (By Source)

India (By Source)

Japan (By Source)

Australia (By Source)

Rest of Asia Pacific (By Source)

South America (By Source, Distribution Channel, and Country)

Brazil (By Source)

Argentina (By Source)

Rest of South America (By Source)

Middle East and Africa (By Source, Distribution Channel and Country)

South Africa (By Source)

United Arab Emirates (By Source)

Rest of the Middle East & Africa (By Source)

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Table of Contents

185 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Supply Chain Analysis
4.3. Industry SWOT Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Analysis related to COVID-19
5. Global Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Source (Value)
5.2.1.1. Almond
5.2.1.2. Soy
5.2.1.3. Oat
5.2.1.4. Others
5.2.2. By Distribution Channel (Value)
5.2.2.1. Supermarkets/Hypermarkets
5.2.2.2. Convenience Stores
5.2.2.3. Online Sales Channel
5.2.2.4. Others
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Source (Value)
6.2.1.1. Almond
6.2.1.2. Soy
6.2.1.3. Oat
6.2.1.4. Others
6.2.2. By Distribution Channel (Value)
6.2.2.1. Supermarkets/Hypermarkets
6.2.2.2. Convenience Stores
6.2.2.3. Online Sales Channel
6.2.2.4. Others
6.2.3. By Country (Value)
6.2.3.1. U.S
6.2.3.1.1. By Source (Value)
6.2.3.1.1.1. Almond
6.2.3.1.1.2. Soy
6.2.3.1.1.3. Oat
6.2.3.1.1.4. Others
6.2.3.2. Canada
6.2.3.2.1. By Source (Value)
6.2.3.2.1.1. Almond
6.2.3.2.1.2. Soy
6.2.3.2.1.3. Oat
6.2.3.2.1.4. Others
6.2.3.3. Mexico
6.2.3.3.1. By Source (Value)
6.2.3.3.1.1. Almond
6.2.3.3.1.2. Soy
6.2.3.3.1.3. Oat
6.2.3.3.1.4. Others
7. Europe Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Source (Value)
7.2.1.1. Almond
7.2.1.2. Soy
7.2.1.3. Oats
7.2.1.4. Others
7.2.2. By Distribution Channel (Value)
7.2.2.1. Supermarkets/Hypermarkets
7.2.2.2. Convenience Stores
7.2.2.3. Online Sales Channel
7.2.2.4. Others
7.2.3. By Country (Value)
7.2.3.1. U.K.
7.2.3.1.1. By Source (Value)
7.2.3.1.1.1. Almond
7.2.3.1.1.2. Soy
7.2.3.1.1.3. Oat
7.2.3.1.1.4. Others
7.2.3.2. Spain
7.2.3.2.1. By Source (Value)
7.2.3.2.1.1. Almond
7.2.3.2.1.2. Soy
7.2.3.2.1.3. Oat
7.2.3.2.1.4. Others
7.2.3.3. France
7.2.3.3.1. By Source (Value)
7.2.3.3.1.1. Almond
7.2.3.3.1.2. Soy
7.2.3.3.1.3. Oat
7.2.3.3.1.4. Others
7.2.3.4. Germany
7.2.3.4.1. By Source (Value)
7.2.3.4.1.1. Almond
7.2.3.4.1.2. Soy
7.2.3.4.1.3. Oat
7.2.3.4.1.4. Others
7.2.3.5. Italy
7.2.3.5.1. By Source (Value)
7.2.3.5.1.1. Almond
7.2.3.5.1.2. Soy
7.2.3.5.1.3. Oats
7.2.3.5.1.4. Others
7.2.3.6. Rest of Europe
7.2.3.6.1. By Source (Value)
7.2.3.6.1.1. Almond
7.2.3.6.1.2. Soy
7.2.3.6.1.3. Oat
7.2.3.6.1.4. Others
7.2.3.7.
8. Asia Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Source (Value)
8.2.1.1. Almond
8.2.1.2. Soy
8.2.1.3. Oat
8.2.1.4. Others
8.2.2. By Distribution Channel (Value)
8.2.2.1. Supermarkets/Hypermarkets
8.2.2.2. Convenience Stores
8.2.2.3. Online Sales Channel
8.2.2.4. Others
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Source (Value)
8.2.3.1.1.1. Almond
8.2.3.1.1.2. Soy
8.2.3.1.1.3. Oat
8.2.3.1.1.4. Others
8.2.3.2. India
8.2.3.2.1. By Source (Value)
8.2.3.2.1.1. Almond
8.2.3.2.1.2. Soy
8.2.3.2.1.3. Oat
8.2.3.2.1.4. Others
8.2.3.3. Japan
8.2.3.3.1. By Source (Value)
8.2.3.3.1.1. Almond
8.2.3.3.1.2. Soy
8.2.3.3.1.3. Oat
8.2.3.3.1.4. Others
8.2.3.4. Australia
8.2.3.4.1. By Source (Value)
8.2.3.4.1.1. Almond
8.2.3.4.1.2. Soy
8.2.3.4.1.3. Oat
8.2.3.4.1.4. Others
8.2.3.5. Rest of Asia Pacific
8.2.3.5.1. By Source (Value)
8.2.3.5.1.1. Almond
8.2.3.5.1.2. Soy
8.2.3.5.1.3. Oat
8.2.3.5.1.4. Others
9. South America Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Source (Value)
9.2.1.1. Almond
9.2.1.2. Soy
9.2.1.3. Oat
9.2.1.4. Others
9.2.2. By Distribution Channel (Value)
9.2.2.1. Supermarkets/Hypermarkets
9.2.2.2. Convenience Stores
9.2.2.3. Online Sales Channel
9.2.2.4. Others
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Source (Value)
9.2.3.1.1.1. Almond
9.2.3.1.1.2. Soy
9.2.3.1.1.3. Oat
9.2.3.1.1.4. Others
9.2.3.2. Argentina
9.2.3.2.1. By Source (Value)
9.2.3.2.1.1. Almond
9.2.3.2.1.2. Soy
9.2.3.2.1.3. Oat
9.2.3.2.1.4. Others
9.2.3.3. Rest of South America
9.2.3.3.1. By Source (Value)
9.2.3.3.1.1. Almond
9.2.3.3.1.2. Soy
9.2.3.3.1.3. Oat
9.2.3.3.1.4. Others
10. Middle East & Africa Vegan Yogurt Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Source (Value)
10.2.1.1. Almond
10.2.1.2. Soy
10.2.1.3. Oat
10.2.1.4. Others
10.2.2. By Distribution Channel (Value)
10.2.2.1. Supermarkets/Hypermarkets
10.2.2.2. Convenience Stores
10.2.2.3. Online Sales Channel
10.2.2.4. Others
10.2.3. By Country (Value)
10.2.3.1. South Africa
10.2.3.1.1. By Source (Value)
10.2.3.1.1.1. Almond
10.2.3.1.1.2. Soy
10.2.3.1.1.3. Oat
10.2.3.1.1.4. Others
10.2.3.2. UAE
10.2.3.2.1. By Source Value)
10.2.3.2.1.1. Almond
10.2.3.2.1.2. Soy
10.2.3.2.1.3. Oat
10.2.3.2.1.4. Others
10.2.3.3. Rest of Middle East & Africa
10.2.3.3.1. By Source (Value)
10.2.3.3.1.1. Almond
10.2.3.3.1.2. Soy
10.2.3.3.1.3. Oat
10.2.3.3.1.4. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Vegan Yogurt Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Danone S.A.
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. General Mills Inc.,
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Oatly A.B.
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Forager Project
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. Chobani Global Holdings
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Coyo Pty Ltd
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Nancy’s Probiotic Foods
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. Kite Hill
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Daiya Foods Inc.
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. GT’s Living Foods LLC
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments
13. Strategic Recommendations

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