Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the vegan yogurt market provides an in-depth analysis of segments and sub-segments in the global as well as regional vegan yogurt market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vegan yogurt market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global vegan yogurt market. According to the report, the global vegan yogurt market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
Due to the growing vegan culture and the demand for plant-based yogurt to replace dairy products, this industry is expanding at an exponential rate. Due to rising environmental concerns and the health advantages of plant-based protein, as well as the business potential for plant-based yogurt, which is expanding globally. Additional factors driving the growth of the vegan yogurt market include the rising number of people who are lactose intolerant, particularly in the European and Asian regions, and rising consumer spending on plant-based goods like flax seed yogurt or yogurts made with hemp milk.
Every generation has consumed less dairy than the one before it, and this trend has lasted for decades. The general public has been embracing a plant-based diet, which is quickly attempting to displace the consumption of dairy products, including vegan yogurt. The same digestive advantages of dairy-based yogurt are also provided by vegan yogurts with live bacteria and cultures, and occasionally vegan yogurts even contain nutrients that dairy-based yogurts lack. For instance, hemp yogurt and flax milk yogurt both have naturally occurring omega-3 fatty acids. To make them healthier, several additional kinds of vegan yogurt are enriched with vitamins and minerals. Vegan yogurt requires no flavor or texture adaption and is just as rich, smooth, and creamy as regular yogurt.
While the markets in Europe and North America have been successful, the Asia-Pacific region is anticipated to grow at the fastest rate over the forecast period. As people become more aware of the advantages of eating a plan and as milk-based allergies among the local population become more common, these regional markets have seen growth. Notably, exciting new product introductions have increased in recent years in Asian countries, strengthening their position in the worldwide vegan yogurt market.
The report on the global vegan yogurt market covers segments such as source, and distribution channel. On the basis of source, the sub-markets include soy, almond, oats, and others. On the basis of distribution channel, the sub-markets include supermarkets/ hypermarkets, convenience stores, online sales channel, and others.
The report provides profiles of the companies in the market such as The Hain Celestial Group, Inc., Danone S.A., General Mills Inc., Stonyfield Farm, Inc., Daiya Foods Inc., Good Karma Foods, Hudson River Foods, Inc., NANCY'S, Kite Hill, and COYO Pty Ltd..
The report provides deep insights into demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the vegan yogurt
market. Moreover, the study highlights current market trends and provides
forecasts from 2022-2028. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings insight into the market share
of the leading players.
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