Plant Based Frozen Yogurt Expanding in Vegan and Dairy-Free Markets
The plant-based food industry has been experiencing significant growth in recent years, with more consumers opting for vegan and dairy-free alternatives. One segment of this market that has been gaining traction is plant-based frozen yogurt. This dairy-free and vegan-friendly dessert option is not only delicious but also appeals to health-conscious consumers looking for a guilt-free treat.
Rising Demand for Plant-Based Frozen Yogurt
According to market research firm Mintel, the global market for plant-based products is expected to reach $74.2 billion by 2027. This growth is driven by increasing awareness of the health and environmental benefits of plant-based diets. As more consumers seek alternatives to traditional dairy products, plant-based frozen yogurt has emerged as a popular choice.
One of the key factors driving the demand for plant-based frozen yogurt is the rising number of vegans and vegetarians worldwide. According to a report by GlobalData, the number of vegans in the US has increased by 600% in the last three years. This growing consumer base is driving the demand for plant-based alternatives across various food categories, including frozen desserts.
Key Players in the Plant-Based Frozen Yogurt Market
Several companies have recognized the potential of the plant-based frozen yogurt market and have introduced innovative dairy-free and vegan-friendly options. One of the leading players in this space is NadaMoo!, a Texas-based company that specializes in organic, non-GMO, and dairy-free frozen desserts. NadaMoo! offers a variety of plant-based frozen yogurt flavors, including vanilla, chocolate, and strawberry.
Another key player in the plant-based frozen yogurt market is So Delicious Dairy Free, a subsidiary of Danone. So Delicious offers a wide range of dairy-free frozen desserts, including coconut milk-based frozen yogurt. The company has seen strong growth in recent years as more consumers seek plant-based alternatives to traditional dairy products.
Financial Data and Industry Insights
The plant-based frozen yogurt market is still relatively niche compared to traditional dairy products, but it is rapidly growing. According to data from Statista, the global plant-based yogurt market is expected to reach $7.4 billion by 2027, with a compound annual growth rate of 11.2%. This growth is driven by increasing consumer awareness of the health benefits of plant-based diets and the environmental impact of animal agriculture.
In terms of market share, traditional dairy frozen yogurt still dominates the market, but plant-based options are gaining traction. As more consumers seek dairy-free and vegan-friendly alternatives, plant-based frozen yogurt is expected to continue its upward trajectory in the coming years.
Conclusion
Plant-based frozen yogurt is a rapidly growing segment of the plant-based food industry, driven by increasing consumer demand for dairy-free and vegan-friendly alternatives. With the rising number of vegans and vegetarians worldwide, companies are introducing innovative plant-based frozen yogurt options to cater to this growing market.
As the plant-based frozen yogurt market expands, consumers can expect to see a wider variety of flavors and brands entering the space. With the health and environmental benefits of plant-based diets becoming more widely recognized, plant-based frozen yogurt is poised to become a staple in the frozen dessert aisle.
