Vegan Yoghurt Market Set To Be Worth $7.4 Million By 2027

Dairy-based yoghurt sales have slumped by 82 million servings.

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A new report compiled by Future Market Insights (FMI) has suggested that the vegan yoghurt market will be worth $7.4 million by 2027.

The report mentioned they anticipated that the vegan yoghurt market would increase to a value to $7.4 million by 2027, while the global non-dairy market can expect to see a compound annual growth rate of 4.9% between 2017 and 2027.

Yoghurt Sales Slump By 82 Million Servings As More People Ditch Dairy

“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 also went on discuss the increase in demand for non-dairy milk. “Demand for non-dairy milk continues to increase at a significant rate as consumers perceive better alternatives to dairy milk, with an increasing number of adults and families opting for plant-based beverages.”

Dairy-based yoghurt sales are reported to have slumped by 82 million servings, as more people look to eliminate dairy from their diets. While 7% of the UK population is now vegan, it seems likely plant-based markets are going to see a surge in value in coming years.

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