The increasing inclination towards consuming plant-based protein products among consumers can have an excellent impact on the vegan yogurts market, states Fortune Business Insights, in a report, titled “Vegan Yogurts Market Size, Share & Industry Analysis, By Product Type (Soy Yogurt, Almond Yogurt, Coconut Yogurt, Others), By End-use (Food Services, Household), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Specialty Stores, Others) Others and Regional Forecast, 2019-2026.” The market size is likely to expand owing to the increasing number of health-conscious consumers.

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Market Driver:

Acquisition of WhiteWave Foods by Danone SA to Augment Growth

Danone SA, a French multinational food-products corporation based in Paris announced the acquisition of The WhiteWave Foods Company, a major leader and owner of a range of plant-based food and beverages manufacturing brands in Silk, So Delicious, Alpro, and Vega brands. Furthermore, the introduction of vegan yogurt products by major companies can have a tremendous impact on the global market. For instance, in 2018, Califia Farms LP launched its first-ever probiotics-rich vegan yogurt drinks line. The company launched the vegan yogurt drinks in four flavors, namely strawberry, mango, super berry, and unsweetened plain. Besides, the growing trend towards healthy food is likely to create opportunities for the vegan yogurts market. Vegan yogurt helps increase the metabolism, thereby improving weight management, improving bowel function, and minimizing inflammation. However, fluctuations in raw material prices and higher manufacturing costs of vegan yogurt are factors expected to hamper the market's growth.

Regional Analysis:

Increasing Urbanization to Augment Growth in North America

The market in North America is expected to dominate the global market during the forecast period. The increasing urbanization and increasing health-conscious consumers in U.S and Canada is expected to boost the market in the region. The rising inclination towards vegan yogurt owing to its enriched nutritional value is expected to further favor the market in the forthcoming years. Asia Pacific is expected to expand radically during the forecast period drive the global vegan yogurt market during the fore coming years due to increasing awareness regarding consuming gluten-free products.

Key Development:

2018: Ripple announced its first-ever vegan Greek yogurt line, with its major constituent being its proprietary pea-based protein Ripptein. The yogurt's pea-based composition aims to free the vegan product from common allergens in nuts, soy, gluten, lactose, and other common allergy-causing agents.

Source:

https://www.fortunebusinessinsights.com/vegan-yogurts-market-102292