News

Vegan Yogurt Market to Be Worth $7.4 Billion by 2027

Consumer demand for vegan products, including non-dairy yogurt, is driving a number of plant-based industries to rise significantly in value.

The dairy-free yogurt market is expected to rise to $7.4 billion by 2027, according to a new report by market research firm Future Market Insights (FMI). The report predicts that the global non-dairy yogurt market increase by a compounded annual growth rate (CAGR) of 4.9 percent from 2017 to 2027, largely due to the growing population of health-conscious millennials. “The millennial population is on the verge of surpassing the baby boomers globally,” the report said. “This population segment is active and diet-conscious. They prefer products with low sugar, fat, and lactose as well. Plant-based products are one of the ideal products they desire.” The report noted companies such as The Hain Celestial Group and Daiya Foods as key players in this market’s rise. This report follows similar market research that previously projected vegan ice cream, vegan cheese, and vegan meat industries to reach values of $2.45 billion, $4 billion, and $7 billion, respectively, within the next decade.

Photo courtesy of Daiya Foods

Symphony Barnes is a Southern California native with a Bachelor of Arts in Journalism from Pepperdine University who is passionate about health and wellness.

Editor's Note: A previous version of this story reported the estimated value as $7.4 million. The piece has since been updated.

More News

100,000-Square-Foot Vegan Block Party Hits LA

100,000-Square-Foot Vegan Block Party Hits LA
Read More »

Luxe Shop Debuts Vegan Avocado-Shaped Ice Cream

London's luxury gelato stand Snowflake sells vegan ice cream made from, and shaped like, an avocado, complete with an edible pit.
Read More »

IKEA Promotes Plant-Based Eating for Earth Day

The furniture chain sent a newsletter in time for Earth Day with three plant-based recipes it says are good for your body and the planet.
Read More »

'50s Style Vegan Diner Opens in Michigan

Former Detroit-area food truck Shimmy Shack's new retro diner will serve Coney dogs, burgers, and shakes, and host birthday parties, gift-basket making events, and vegan vintage clothing pop-ups.
Read More »

Vegan Chicken Nugget Startup Raises $1 Million

Seattle Food Tech plans to debut its plant-based chicken nugget replicas at school cafeterias by the end of 2018.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »