Vegan Yogurt Market Size To Reach $11.11 Billion By 2030

Vegan Yogurt Market Growth & Trends

The global vegan yogurt market size is anticipated to reach USD 11.11 billion by 2030 and is anticipated to expand at a CAGR of 19.7% during the forecast period, according to a new report by Grand View Research, Inc. Rising importance of plant-based food in developed economies of North America and Europe as a result of growing popularity of vegan nutrition products among health conscious consumers is expected to be a key driving force. Furthermore, growing concerns regarding lactose intolerance on a global level have paved the way for milk alternatives such as vegan yogurt over the next few years.

Vegan yogurt is sold in various flavors including raspberry, strawberry, blueberry, vanilla, peach, lime, macchiato, salted caramel, lemon, cherry, chocolate, mango, rhubarb, pear, fig, kiwi, blackberry, kiwi, banana, pineapple, acai, apple, cinnamon, maple, chia, granola, pina colada, hibiscus, and date. While a number of flavors are being introduced in the market, the plain version is among the most preferred variants. It offers the option to add toppings like fresh fruits, nuts, or condiments based on personal preferences. Plain yogurt helps in moderating sugar intake, depending on the requirements. Manufacturers have been taking these trends into consideration and have been launching products with low-profile flavors.

Vegan yogurt with less than five grams of added sugar has been known to be preferred among consumers. Some companies have been exhibiting a conscious effort to create environment friendly products. In February 2024, Danone's Silk brand introduced a pea-protein-based yogurt available in Key lime and vanilla flavors. Each serving contains 12 grams of protein and live probiotics. The product emphasizes local sourcing, utilizing Canadian pea protein, and is produced in Quebec.

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Vegan Yogurt Market Report Highlights

• The soy segment accounted for the largest revenue share of over 45% in 2024 and is expected to maintain its dominance over the forecast period. The dominance is attributed to the lower cost of the product in comparison to most available alternatives in the market.

• The rice segment is anticipated to grow at the fastest CAGR from 2020 to 2030. The product has been gaining popularity among customers as rice milk is considered to be the least allergenic milk among all the dairy milk alternatives.

• The hypermarkets, supermarkets, and convenience stores segment accounted for the largest revenue share in 2024 and is expected to maintain the dominance over the forecast period, owing to the availability of large grocery store chains across the globe with a large customer base

• Europe dominated the market and held a market revenue share of more than 50% in 2024. Positive outlook towards plant-based foods in Western European countries, including Germany, France, and Italy, is expected to have a positive impact on the market.

Vegan Yogurt Market Segmentation

Grand View Research has segmented the global vegan yogurt market on the basis of product, distribution channel, and region:

Vegan Yogurt Product Outlook (Revenue, USD Million; 2018 - 2030)

• Soy

• Almond

• Rice

• Others

Vegan Yogurt Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)

• Hypermarkets, Supermarkets, & Convenience Stores

• Specialty Stores

• Online

Vegan Yogurt Region Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players in the Vegan Yogurt Market

• Hain Celestial

• Danone

• General Mills Inc.

• Stonyfield Farm, Inc.

• Daiya Foods.

• Good Karma Foods

• Hudson River Foods

• Nancy's.

• Kite Hill Store

• COYO Pty Ltd.

• Chobani, LLC