LeapZipBlog: Steve Blade's blog: Vegan Yogurt Market to Witness Robust Expansion Throughout the Forecast Period 2018 to 2028

Vegan Yogurt Market to Witness Robust Expansion Throughout the Forecast Period 2018 to 2028

August 28, 2019 by Steve Blade  

The report on the vegan yogurt market published by Fact.MR provides an insightful view of the market and identifies the key trends and factors that impact the vegan yogurt market. A thorough analysis of all the micro and macroeconomic facets which influence the growth of the vegan market has been provided in the report. The vegan yogurt market also highlights the drivers, restraints, threats, challenges, and opportunities prevalent in the market. Further, the report elucidates each market trend individually analyzing the qualitative and quantitative impact it can have on the growth of the vegan yogurt market.

The vegan yogurt market is expected to continue its bullish run, driven by a combination of macroeconomic and industry-specific factors. Gains have been driven by vegan yogurt’s availability in a variety of flavors, and the ubiquitous health and wellness trend. These factors helped vegan yogurt sales increase by over 30,000 metric tons in 2018 over 2017, according to recent analysis by Fact.MR.

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Table of Content

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FACT.MR Analysis and Recommendations
1.4. Opportunity Assessment

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition

3. Market View Point
3.1. Macro-Economic Factors
3.2. Food and Beverages Industry Overview
3.3. Macro-Economic Indicators
3.4. Global Yogurt Market Overview
3.5. Vegan Yogurt Market Consumer Analysis
3.6. Consumer Behavior Analysis

4. Global Historical Market Analysis 2013–2016 and Forecast 2017–2028
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
4.3. Global Driver
4.4. Global Restraint
4.5. Value Chain
4.6. Pricing Analysis

5. Global Vegan Yogurt Market Historical Analysis 2013–2016 and Forecast, By Regions 2017–2028
5.1. Introduction / Key Findings
5.2. Historical Market Size (US$ Mn) and Volume (MT) Analysis By Regions (2013-2016)
       5.2.1. North America
       5.2.2. Western Europe
       5.2.3. Eastern Europe
       5.2.4. Latin America
       5.2.5. Asia Pacific Excluding Japan
       5.2.6. Japan
       5.2.7. Middle East and Africa

To be Continue.......

Households Account for 80% Consumption of Vegan Yogurt

Fact.MR finds that over 80% of vegan yogurt is consumed in households. Further, the compact packaging of vegan yogurt allows the consumer to eat it on-the-go, making it an attractive snacking option for busy consumers.

The use of vegan products in food chains and restaurants is gradually gaining traction; the study found moderate growth in the utilization of vegan yogurt and products in the food service industry. Although households dominate overall consumption, demand for vegan yogurt from households and HORECA is growing at comparable rates.

Vegan Yogurt Market – Notable Developments

  • General Mills continued to be bullish about Kite Hill, a vegan company that specializes in manufacturing plant-based yogurt and cheese. Kite Hill secured additional funding of US $40 million from 301 Inc. a General Mill’s venture capital firm. Kite Hill aims to use this funding for expanding its factory capacity.
  • Danone, the leading French yogurt maker, acquired WhiteWave Foods in 2017. With a US $10 billion payment in cash, Danone acquired the Colorado-based company which owns a range of plant-based food and beverages manufacturing brands in Silk®, So Delicious®, Alpro®, and Vega™ brands.
  • Califia Farms launched its first ever probiotics-rich vegan yogurt drinks line in 2018. The company’s latest product line gained widespread popularity among global masses and became its most accepted product in the span of 12 months. The company launched the vegan yogurt drinks in four flavors namely strawberry, mango, super berry, and unsweetened plain.
  • Ripple launched its first ever vegan Greek yogurt line in 2018 with its major constituent being its proprietary pea-based protein Ripptein. The pea-based composition of the yogurt aims to free the vegan product from common allergens in nuts, soy, gluten, lactose, and other common allergy-causing agents.

The report on the vegan yogurt market also features detailed profiling of key market players. The key market players profiled in the report include Hain Celestial Group Inc., Stonyfield Farm Inc., Daiya Foods Inc., Good Karma Foods Inc., Hudson River Foods, Nancy’s Yogurt, Kite Hill, and COYO Pty Ltd.

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