Global Vegan Yogurt Market report from Global Insight Services is the single authoritative source of intelligence on Vegan Yogurt Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Vegan yogurt is a type of yogurt made without the use of any animal products. This includes milk, cream, eggs, or honey. Vegan yogurts are typically made from plant-based milks, such as soy, almond, or coconut milk. They can also be made from other plant-based ingredients, such as cashews or oats. Vegan yogurts often contain live and active cultures, which are beneficial bacteria that help promote a healthy gut. These yogurts can also be a good source of calcium, vitamin D, and other nutrients.
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Key Trends
The key trends in vegan yogurt technology are the use of plant-based ingredients, the development of new flavors, and the use of probiotics.
Plant-based ingredients:
There is a trend toward using plant-based ingredients in vegan yogurt. This includes the use of soy milk, almond milk, and coconut milk. Soy milk is the most popular plant-based milk used in vegan yogurt. Soy milk is a good source of protein and also contains isoflavones, which have health benefits. Almond milk is also a popular choice for vegan yogurt. It is high in calcium and vitamin E. Coconut milk is another popular choice for vegan yogurt. It is high in saturated fat, which can help to improve the texture of the yogurt.
New flavors:
There is a trend toward developing new flavors of vegan yogurt. This includes the use of fruits, vegetables, and spices. Fruits such as strawberries, blueberries, and bananas are popular choices for vegan yogurt. Vegetables such as carrots, sweet potatoes, and beets can also be used to create new flavors. Spices such as cinnamon, nutmeg, and cloves can also be used to create new flavors.
Probiotics:
There is a trend toward using probiotics in vegan yogurt. Probiotics are live microorganisms that have health benefits. They can help to improve digestion and immune function. Probiotics are often added to yogurt to help improve the texture and flavor.
Key Drivers
The key drivers of the vegan yogurt market are the growing preference for plant-based diets, the increasing awareness of the health benefits of veganism, and the availability of plant-based alternatives to dairy products.
The growing preference for plant-based diets is driven by a number of factors, including health concerns, ethical considerations, and environmental sustainability. Health-conscious consumers are increasingly aware of the link between diet and chronic diseases such as heart disease, cancer, and diabetes. They are also aware of the impact of animal agriculture on the environment, and the humane treatment of animals.
The availability of plant-based alternatives to dairy products is another key driver of the vegan yogurt market. Plant-based yogurts are made from a variety of plant-based ingredients, such as soy, almond, coconut, and cashew milk. These yogurts are often fortified with vitamins and minerals, and are available in a variety of flavors.
The increasing awareness of the health benefits of veganism is also driving the growth of the vegan yogurt market. Veganism is associated with a number of health benefits, including lower risk of chronic diseases, improved gut health, and a lower carbon footprint.
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Market Segments
The Vegan Yogurt Market is segmented by product, distribution channel, and region. By product, the market is divided into soy, almond, rice, and others. Based on distribution channel, it is bifurcated into hypermarket, supermarket, convenience stores, specialty stores, and online. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the rest of the World.
Key Players
The Vegan Yogurt Market includes players such as Hain Celestial, Danone, General Mills Inc., Stonyfield Farm, Inc., Daiya Foods Inc., Good Karma Foods, Inc., Hudson River Foods, NANCY’S, Kite Hill and COYO Pty Ltd.
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