NEW YORK, Nov. 21, 2023 /PRNewswire/ — The vegan yogurt market size is expected to grow by USD 4.31 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 18.15% during the forecast period. Frequent launches of new vegan yogurt varieties are notably driving the vegan yogurt market. However, factors such as Stringent rules and regulations related to food safety and standards may impede market growth. The market is segmented by product type (almond-based, soy-based, coconut-based, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format
Key Segment Analysis
- The market share growth of the almond-based segment is significant during the forecast period. The growth of the almond-based yogurt segment is fuelled by its advantage such that it often retains some of these nutritional benefits, making it an attractive choice for health-conscious consumers. Hence, such factors fuel the growth of this segment which in turn drives the market growth.
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Geographical Market Analysis
- North America accounts for 40% of the growth of the global market during the forecast period. The concerns about animal welfare and the environmental impact of animal agriculture, as well as the health benefits of plant-based diets, are some of the main factors that are significantly contributing to the growth of the vegan yogurt market in North America. Hence, such factors are driving the market growth in North America.
Company Insights
The vegan yogurt market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including Barambah Organics Pty Ltd., Blue Diamond Growers, Chobani Global Holdings LLC, COYO Pty Ltd., Culina Yogurt, Daiya Foods Inc., Danone SA, Drums Food International Pvt. Ltd., Forager Project, General Mills Inc., Granarolo S.P.A., GTs Living Foods, Kite Hill, Oatly Group AB, Regenerative Plant Based Inc., SPRINGFIELD CREAMERY, Stonyfield Farm Inc., The Coconut Collaborative ltd. , The Hain Celestial Group Inc., and Vitasoy International Holdings Ltd.
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Vegan Yogurt Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.15% |
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Market growth 2023-2027 |
USD 4.31 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
17.5 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 40% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product Type
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
