Study: Global vegan yogurt market worth $2.53B by 2025
Conventional stores are expected to foresee revenue growth at a CAGR of more than 15% from 2017-2025.
The global vegan yogurt market is expected to reach $2.53 billion by 2025, according to research presented by Hexa Research, Felton, Calif., thanks in part to shifting preferences toward plant-based protein products in developed markets, including the United States, UK, France and Germany.
Moreover, rising consumer awareness about the harmful effects of artificial additives and preservatives continues to spur food and beverage manufacturers to reduce sugar content in food products. To this end, UK manufacturers plan to cut down the sugar content by 20% in the yogurt category by 2020.