Healthy Culture Vegan Yogurt Market Set to Grow to USD 11.7 Billion by 2033

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This has led to high demand for vegan yogurts which contain live probiotics and cultures and provide the same digestive advantages as dairy-based yogurts.

Hemp milk yogurt and flax yogurt, for example, are high in fatty acids, natural omega-3, and fiber. Many other vegan yogurt variants are enriched with minerals and vitamins to improve their nutrient level. These products are as rich, creamy, and smooth as regular yoghurt, and they don’t require any flavor or texture adaptation.

Vegan yogurt manufacturers have been experimenting and developing different bases and distinctive flavors to promote these yogurts as mainstream products. Furthermore, milk obtained from grains, seeds, and nuts such as coconut, hazelnuts, macadamia, almond, pistachios, pili, and cashew are used to make vegan yoghurt. Flax, soy, and hemp seeds, as well as cereals like oats, are also used to make vegan yoghurt.

“Wide availability of vegan yogurt at online channels, along with growing popularity of veganism in emerging economies will continue driving the vegan yogurt market over the forecast period,” says the FMI analyst.

Key Takeaways:

• By flavor, demand in the chocolate segment is expected to remain high over the forecast period.
• Based on the product type, sales in the almond mil vegan yogurt segment are forecast to gain traction over the assessment period.
• In terms of sales channel, the offline segment is expected to account for a dominant share of the market through 2033.
• The North America vegan yogurt market is expected to grow at a 5.4%  CAGR through 2033.
• East Asia vegan yogurt market is expected to emerge as a lucrative pocket with sales growing at a high rate.

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Competitive Landscape

Leading players operating in the global vegan yogurt market are aiming to expand their presence in developing countries to gain a competitive edge. They are also investing in research and development to improve their product portfolios by adding innovative flavors. For instance:

• Danone, a leading French yogurt company, acquired WhiteWave Foods, a Colorado-based company for its range of plant-based food and beverages manufacturing brands such as Alpro®, So Delicious®, Silk®, and Vega™.

Vegan Yogurt Market by Category

By Product Type:

• Soy Milk Yogurt
• Coconut Milk Yogurt
• Almond Milk Yogurt
• Rice Milk Yogurt

By Flavour:

• Chocolate
• Strawberry
• Banana
• Pineapple
• Mango
• Lemonade
• Peach

By Sales Channel:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region:

• North America
• Latin America
• Europe
• Middle east and Africa
• East Asia
• South Asia
• Oceania

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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