Vegan Yogurt Market Report

Market Overview:

The global vegan yogurt market experienced double-digit growth during 2014-2019. Vegan yogurt is a creamy and healthy non-dairy food product that assists in meeting the nutritional requirements of the vegan population. It is prepared using plant sources, such as almonds, soy, coconuts, flax, hemp, oats, peas and cashews. It is a rich source of vitamins, minerals, amino acids and essential fats, owing to which it assists in minimizing inflammation and increasing the metabolism. Currently, the demand for vegan yogurt is escalating due to the growing adoption of veganism and its easy availability in a wide array of flavors, such as vanilla, strawberry, raspberry, mixed berry, etc.

According to studies by several institutes, including the University of Oxford, replacing meat and dairy products with a variety of plant-based foods can help improve human health and minimize greenhouse gas emissions. Moreover, numerous non-government organizations (NGOs) are promoting the welfare of farm animals and spreading awareness about the nutritional benefits of an animal-free diet, which in turn is strengthening the market growth. Apart from this, the increasing prevalence of chronic conditions is positively influencing the sales of low-fat vegan yogurt as it helps maintain the blood glucose levels and reduce the risks of obesity, stroke, cholesterol and cancer. Furthermore, the leading players are investing in attractive packaging solutions to expand their existing consumer base. Other factors anticipated to bolster the market growth include the growing number of lactose-intolerant individuals and extensive campaigns undertaken by celebrities and other public figures to encourage the adoption of a vegan diet. Looking forward, IMARC Group expects the global vegan yogurt market to continue its strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan yogurt market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, source, flavor, application, and distribution channel.

Breakup by Source:

• Almond
• Soy
• Coconut
• Others
   

Breakup by Flavor:

• Vanilla
• Strawberry
• Mixed Berry
• Raspberry
• Peach
• Others
   

Breakup by Application:

• Frozen Dessert
• Food
• Beverages
• Others
   

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Barambah Organics Pty Ltd., Blue Diamond Growers, Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.), Dean Foods (Dairy Farmers of America), General Mills Inc., Granarolo S.p.A., The Hain Celestial Group Inc., Vitasoy, White Wave Foods (Danone), etc.

Key Questions Answered in This Report:

• How has the global vegan yogurt market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global vegan yogurt market?
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the flavor?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global vegan yogurt market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Vegan Yogurt Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Source
    6.1    Almond
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Soy
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Coconut
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Flavor
    7.1    Vanilla
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Strawberry
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Mixed Berry
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Raspberry
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Peach
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Application
    8.1    Frozen Dessert
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Food
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Beverages
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Hypermarkets/Supermarkets
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Convenience Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Online Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Indicators
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Barambah Organics Pty Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Blue Diamond Growers
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    Daiya Foods Inc. (Otsuka Pharmaceutical Co. Ltd.)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Dean Foods. (Dairy Farmers of America)
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
           15.3.4.3 Financials 
           15.3.4.4 SWOT Analysis
        15.3.5    General Mills Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials 
           15.3.5.4 SWOT Analysis
        15.3.6    Granarolo S.p.A.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials 
        15.3.7    The Hain Celestial Group Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Vitasoy
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 Financials 
           15.3.8.4 SWOT Analysis
        15.3.9    White Wave Foods (Danone)
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials 
           15.3.9.4 SWOT Analysis
 
List of Figures

Figure 1: Global: Vegan Yogurt Market: Major Drivers and Challenges
Figure 2: Global: Vegan Yogurt Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Vegan Yogurt Market: Breakup by Source (in %), 2019
Figure 4: Global: Vegan Yogurt Market: Breakup by Flavor (in %), 2019
Figure 5: Global: Vegan Yogurt Market: Breakup by Application (in %), 2019
Figure 6: Global: Vegan Yogurt Market: Breakup by Distribution Channel (in %), 2019
Figure 7: Global: Vegan Yogurt Market: Breakup by Region (in %), 2019
Figure 8: Global: Vegan Yogurt Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Vegan Yogurt (Almond) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Vegan Yogurt (Almond) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Vegan Yogurt (Soy) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Vegan Yogurt (Soy) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Vegan Yogurt (Coconut) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Vegan Yogurt (Coconut) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Vegan Yogurt (Other Sources) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Vegan Yogurt (Other Sources) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Vegan Yogurt (Vanilla) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Vegan Yogurt (Vanilla) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Vegan Yogurt (Strawberry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Vegan Yogurt (Strawberry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Vegan Yogurt (Mixed Berry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Vegan Yogurt (Mixed Berry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Vegan Yogurt (Raspberry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Vegan Yogurt (Raspberry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Vegan Yogurt (Peach) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Vegan Yogurt (Peach) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Vegan Yogurt (Other Flavors) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Vegan Yogurt (Other Flavors) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Vegan Yogurt (Frozen Dessert) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Vegan Yogurt (Frozen Dessert) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Vegan Yogurt (Food) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Vegan Yogurt (Food) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Vegan Yogurt (Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Vegan Yogurt (Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Vegan Yogurt (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Vegan Yogurt (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Vegan Yogurt (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Global: Vegan Yogurt (Convenience Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Global: Vegan Yogurt (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Global: Vegan Yogurt (Online Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Global: Vegan Yogurt (Online Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Global: Vegan Yogurt (Other Distribution Channels) Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Global: Vegan Yogurt (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: North America: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: North America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: United States: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: United States: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Canada: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Canada: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Asia Pacific: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Asia Pacific: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: China: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: China: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Japan: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Japan: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: India: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: India: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: South Korea: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: South Korea: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Australia: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Australia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Indonesia: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Indonesia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Europe: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Europe: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Germany: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Germany: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: France: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: France: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: United Kingdom: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: United Kingdom: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Italy: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Italy: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Spain: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Spain: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Russia: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Russia: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Latin America: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Latin America: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Brazil: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Brazil: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 87: Mexico: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 88: Mexico: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 89: Others: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 90: Others: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 91: Middle East and Africa: Vegan Yogurt Market: Sales Value (in Million US$), 2014 & 2019
Figure 92: Middle East and Africa: Vegan Yogurt Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 93: Global: Vegan Yogurt Industry: SWOT Analysis
Figure 94: Global: Vegan Yogurt Industry: Value Chain Analysis
Figure 95: Global: Vegan Yogurt Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Vegan Yogurt Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Vegan Yogurt Market Forecast: Breakup by Source (in Million US$), 2020-2025
Table 3: Global: Vegan Yogurt Market Forecast: Breakup by Flavor (in Million US$), 2020-2025
Table 4: Global: Vegan Yogurt Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Vegan Yogurt Market Forecast: Breakup by Distribution Channel (in Million US$), 2020-2025
Table 6: Global: Vegan Yogurt Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Vegan Yogurt Market Structure
Table 8: Global: Vegan Yogurt Market: Key Players