diff --git a/packages/angular_devkit/build_angular/package.json b/packages/angular_devkit/build_angular/package.json
index ab23f29cf3f1..862916c71057 100644
--- a/packages/angular_devkit/build_angular/package.json
+++ b/packages/angular_devkit/build_angular/package.json
@@ -35,7 +35,7 @@
     "less": "3.11.1",
     "less-loader": "5.0.0",
     "license-webpack-plugin": "2.1.4",
-    "loader-utils": "1.4.0",
+    "loader-utils": "2.0.0",
     "magic-string": "0.25.7",
     "mini-css-extract-plugin": "0.9.0",
     "minimatch": "3.0.4",
diff --git a/packages/angular_devkit/build_optimizer/package.json b/packages/angular_devkit/build_optimizer/package.json
index 0193bf33dd36..d27abf560ccb 100644
--- a/packages/angular_devkit/build_optimizer/package.json
+++ b/packages/angular_devkit/build_optimizer/package.json
@@ -9,7 +9,7 @@
     "build-optimizer": "./src/build-optimizer/cli.js"
   },
   "dependencies": {
-    "loader-utils": "1.4.0",
+    "loader-utils": "2.0.0",
     "source-map": "0.7.3",
     "tslib": "1.11.1",
     "typescript": "3.8.3",
diff --git a/yarn.lock b/yarn.lock
index 08ef43b01c64..a2a7a652da63 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7027,7 +7027,16 @@ loader-runner@^2.4.0:
   resolved "https://registry.yarnpkg.com/loader-runner/-/loader-runner-2.4.0.tgz#ed47066bfe534d7e84c4c7b9998c2a75607d9357"
   integrity sha512-Jsmr89RcXGIwivFY21FcRrisYZfvLMTWx5kOLc+JTxtpBOG6xML0vzbc6SEQG2FO9/4Fc3wW4LVcB5DmGflaRw==
 
-loader-utils@1.4.0, loader-utils@^1.0.2, loader-utils@^1.1.0, loader-utils@^1.2.3, loader-utils@^1.4.0:
+loader-utils@2.0.0:
+  version "2.0.0"
+  resolved "https://registry.yarnpkg.com/loader-utils/-/loader-utils-2.0.0.tgz#e4cace5b816d425a166b5f097e10cd12b36064b0"
+  integrity sha512-rP4F0h2RaWSvPEkD7BLDFQnvSf+nK+wr3ESUjNTyAGobqrijmW92zc+SO6d4p4B1wh7+B/Jg1mkQe5NYUEHtHQ==
+  dependencies:
+    big.js "^5.2.2"
+    emojis-list "^3.0.0"
+    json5 "^2.1.2"
+
+loader-utils@^1.0.2, loader-utils@^1.1.0, loader-utils@^1.2.3, loader-utils@^1.4.0:
   version "1.4.0"
   resolved "https://registry.yarnpkg.com/loader-utils/-/loader-utils-1.4.0.tgz#c579b5e34cb34b1a74edc6c1fb36bfa371d5a613"
   integrity sha512-qH0WSMBtn/oHuwjy/NucEgbx5dbxxnxup9s4PVXJUDHZBQY+s0NWA9rJf53RBnQZxfch7euUui7hpoAPvALZdA==