Vegan Yogurt Market Research Report By Base Ingredient (Soy, Coconut, Almond, Cashew, Oat, Other Plant-based Sources), By Flavor and Additives (Plain, Fruit-flavored, Nut-flavored, Probiotic, Others), By Type (Dairy-Free, Organic, High-Protein, Non-GMO, Low-Sugar, Low-Fat), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Health Food Stores, Online Retailers, Other Distribution Channels), By End User (Retail Consumers, Food Service Industry, Other End Users) and By Regional (North America, Europe, South America, A

Vegan Yogurt Market Overview

Vegan Yogurt Market Size was estimated at 3.19 (USD Billion) in 2022. The Vegan Yogurt Market Industry is expected to grow from 3.66(USD Billion) in 2023 to 12.8 (USD Billion) by 2032. The Vegan Yogurt Market CAGR (growth rate) is expected to be around 14.92% during the forecast period (2024 - 2032).

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Vegan Yogurt Market Trends Highlighted

Key market drivers for vegan yogurt include increasing consumer demand for plant-based food alternatives due to health concerns, environmental awareness, and ethical considerations. The growing popularity of vegan lifestyles, coupled with rising health consciousness, is driving the market's growth.Opportunities for exploration in the vegan yogurt market lie in expanding distribution channels, particularly through online platforms and specialty stores. Innovation in product flavors and textures remains crucial to cater to diverse consumer preferences. Additionally, collaborations between key players and food manufacturers present opportunities for market penetration and cross-promotion.Recent trends indicate a shift towards organic and non-GMO vegan yogurt options as consumers seek products that align with their ethical and environmental values. The integration of probiotic strains for enhanced health benefits is also gaining traction. Furthermore, the demand for plant-based yogurt alternatives that mimic the taste and texture of dairy yogurt is driving product development efforts.

Vegan Yogurt Market Drivers

Rising Awareness of Plant-Based Diets

A major driver of the Vegan Yogurt Market Industry is the growing popularity of plant-based diets. With the rapidly increasing concerns among the population for a healthier and sustainable environment, they demand a kind of food that fits this requirement. Such food is vegan yogurt. As the name suggests, it refers to a product made from plant-based milk like almond, soy, or coconut milk. Similarly, yogurt has all the nutritional benefits equated to dairy yogurt.Quality vegan yogurt contains the equivalent amount of protein, calcium, and probiotics. The increasing consumption of a plant-based diet, vegan yogurt included, creates a market for the same, increasing its expansion into the market.

Innovation in Plant-Based Yogurt Products

Another critical driver of the Vegan Yogurt Market Industry is the continuous innovation that takes place in the field of plant-based yogurt products. Manufacturers are focusing on the development of new and improved vegan yogurt products that could better meet the needs and expectations of consumers. For example, some manufacturers are now offering vegan yogurts that are fortified with additional nutrients, such as protein or probiotics.Alternatively, other manufacturers are working on the development of vegan yogurts with new and innovative flavors. As a result, such products become even more appealing to larger audiences of consumers, which results in the further growth and development of the market.

Expansion of Distribution Channels

The development of the distribution channels also fosters the expansion of the Vegan Yogurt Market Industry. As a matter of fact, such products are available in supermarkets, grocery stores, natural food stores as well as in online stores. It becomes easier to find and purchase the product which serves the commercial sphere.

Vegan Yogurt Market Segment Insights

Vegan Yogurt Market Base Ingredient Insights

The Vegan Yogurt Market is categorized by Base Ingredient into Soy, Coconut, Almond, Cashew, Oat, and Other Plant-based. The soy segment accounts for the largest market share in its products primarily due to its being an excellent source of protein, low cost, and versatility to be processed into various food types. The coconut-based vegan yogurt also has registered rapid growth across the globe as it is creamy in texture and has a rich flavor. The almond-based vegan yogurts have gained traction in the market as they have a nutty taste and are considered a good source of energy.The cashew-based and oat-based vegan yogurts have also been consumed as they add a different taste and are nutritious. The other plant-based sources include pea protein and hemp seeds, which are added to the yogurts to make them taste different and natural. The Vegan Yogurt Market is expected to have a huge change in revenue over the next decade, triggered by the escalating demand for plant-based alternatives owing to the adverse health impacts of dairy yogurts. The market is expected to expand due to the growing facts among the global population regarding veganism and its positive impacts on individuals and the environment.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Vegan Yogurt Market Flavor and Additives Insights

In the Vegan Yogurt Market, the Flavor and Additives segment plays one of the most important roles. In 2023, the market was mainly dominated by Plain, which took up a revenue share of almost 35%. Among the rest, Fruit is expected to grow the most and its best rate is expected for the years 2013-2018, and it is expected to equal 12.5%. That is due to an increasing number of consumers who are concerned about their health and prefer natural products, especially the ones that are chosen for their flavor. Nuts are also becoming a popular additive to the aforementioned products, and the demand for such products as almond, cashew, and hazelnut is projected to grow throughout the observed period at a CAGR of 10.8%.Probiotics are the next additive to consider when speaking about vegan yogurts, as the latter are enriched with bacteria that remain alive and are beneficial for the human body. Its CAGR during the observed period is expected to total 9.6%. As for the Other category, coconut-based and soy options fall within it.

Vegan Yogurt Market Type Insights

The Vegan Yogurt Market is segmented into Type, which includes Dairy-Free, Organic, High-Protein, Non-GMO, Low-Sugar, and Low-Fat. The Dairy-Free segment is estimated to account for the largest share of the market in 2023, owing to the increasing prevalence of lactose intolerance and milk allergies. The Organic segment is expected to witness the fastest growth during the forecast period, driven by the growing consumer demand for natural and sustainable food products. The High-Protein segment is also expected to witness significant growth as consumers increasingly seek out protein-rich foods to support their active lifestyles.The Non-GMO, Low-Sugar, and Low-Fat segments are also expected to contribute to the growth of the Vegan Yogurt Market as consumers become more health-conscious and seek out products that align with their dietary preferences.

Vegan Yogurt Market Distribution Channel Insights

The distribution channel segment plays a crucial role in the growth of the Vegan Yogurt Market. In 2023, supermarkets and hypermarkets held the largest market share due to their extensive reach and wide product offerings. These channels provide consumers with convenient access to a variety of vegan yogurt brands and flavors. Convenience stores are also gaining popularity as they offer quick and easy purchase options for on-the-go consumers. Health food stores, known for their focus on natural and organic products, cater to health-conscious consumers seeking vegan yogurt options.Online retailers have emerged as a significant distribution channel, offering a wide selection of products and home delivery convenience. Other distribution channels, such as specialty stores and independent retailers, contribute to the market growth by targeting specific customer segments and offering unique product assortments.

Vegan Yogurt Market End User Insights

The Vegan Yogurt Market is segmented into end users which are Retail Consumers, Food Service Industry, and Other End Users. The Retail Consumers segment held the largest market share of 68.3% in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of this segment is attributed to the increasing popularity of vegan diets and the growing awareness of the health benefits associated with plant-based foods. The Food Service Industry segment is also expected to witness significant growth over the forecast period, owing to the increasing demand for vegan options in restaurants and cafes.The Other End Users segment includes food manufacturers and bakeries that use vegan yogurt as an ingredient in their products. This segment is expected to grow at a steady pace over the forecast period.

Vegan Yogurt Market Regional Insights

The Vegan Yogurt Market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America held the largest market share in 2023 and is expected to continue to dominate the market over the forecast period. The growth in this region can be attributed to the increasing demand for plant-based food products, as well as the presence of a large number of vegan and vegetarian consumers. Europe is the second-largest market for vegan yogurt and is expected to continue to grow at a steady pace. The growth in this region is being driven by the rising popularity of veganism, as well as the increasing availability of vegan yogurt products.The Asia-Pacific region is expected to be the fastest-growing market for vegan yogurt over the forecast period. The growth in this region is being driven by the growing awareness of the health benefits of plant-based food products, as well as the increasing demand for vegan and vegetarian food products. South America, the Middle East, and Africa are expected to account for a relatively small share of the Vegan Yogurt Market over the forecast period. However, these regions are expected to experience steady growth as the demand for plant-based food products continues to grow.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Vegan Yogurt Market Key Players And Competitive Insights

Leading stakeholders in the Vegan Yogurt Market industry are focused on avenues that would not only develop innovative products but also gain increased market penetration. It is important to note that many of the chief stakeholders in the Vegan Yogurt Market are concentrating their efforts on research and development avenues to create new flavors, textures, and types of formulations. Another vital aspect to consider is that the Vegan Yogurt Market is influenced by other general trends, such as the popularity of plant-based diets, as well as increased awareness of the health benefits of the same. The competitive patterns in the Vegan Yogurt Market are also significantly complex.First, regarding the chief stakeholders themselves, the mainstream operators in the Vegan Yogurt Market are a mix of both sizable and niche companies. The major competitors in the Vegan Yogurt Market are focused on gaining the upper hand in the highly competitive market via acquisitions, partnerships, and collaborations. For instance, one of the largest stakeholders in the Vegan Yogurt Market is Daiya Foods Inc. The stakeholders’ list in the market also includes Kite Hill, a voided yogurt manufacturer. Both Daiya Foods and Kite Hill excel in the field of the Vegan Yogurt Market, the largest plant-based dairy alternatives producer, offering an extensive selection of vegan yogurt. Kite Hill, in turn, is a smaller producer that was the first to commence the production of vegan yogurt from “a base of almond milk upon first entering the market”. The list of competitors also includes a number of smaller producers, the Forager Project, which has commenced production of cashew-based organic and vegan yogurt.

Key Companies in the Vegan Yogurt Market Include

• Kite Hill


• GT's Kombucha


• Silk


• Anita’s Organic


• Nancy's Probiotic Foods


• Forager Project


• So Delicious


• Alpro


• YofunewnparaDaiya


• The Coconut Collaborative


• Danone


• Lavva PlantBased

Vegan Yogurt Market Industry Developments

The Vegan Yogurt Market is projected to grow significantly over the next decade, driven by rising consumer demand for plant-based alternatives to dairy products. In 2023, the market was valued at USD 3.66 billion and is expected to reach USD 12.8 billion by 2032, exhibiting a CAGR of 14.92%. This growth is attributed to increasing health consciousness, a growing vegan population, and expanding product offerings by key players. Recent market developments include the launch of new vegan yogurt products by major brands such as Danone and Yoplait, as well as strategic acquisitions and partnerships within the industry. Moreover, government initiatives to promote plant-based diets and reduce environmental impact are further bolstering market growth.

Vegan Yogurt Market Segmentation Insights