Key regions: Canada, South Korea, United Kingdom, Japan, Philippines
The Cheese Substitutes Market in Angola is experiencing negligible growth due to low consumer awareness and limited availability. Factors such as lack of market competition and traditional food preferences are impacting this slow growth rate.
Customer preferences: With the rise of veganism and lactose intolerance, there is a growing demand for plant-based alternatives to traditional dairy products, including cheese. This trend is being driven by a growing awareness of the health and environmental benefits of plant-based diets. As a result, more consumers are turning to cheese substitutes made from soy, nuts, and other plant-based ingredients. This shift is also being influenced by the rising popularity of flexitarianism and the desire for more diverse and sustainable food options.
Trends in the market: In Angola, there is a growing demand for plant-based cheese substitutes, driven by health and environmental concerns. This trend is expected to continue as consumers become more health-conscious and environmentally aware. Industry stakeholders are investing in research and development to improve the taste and texture of these substitutes, as well as expanding their product offerings to cater to different dietary needs. This shift towards plant-based alternatives could have significant implications for the traditional dairy industry, as well as opportunities for new players to enter the market.
Local special circumstances: In Angola, the Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's limited dairy production and high import costs. This has led to a rise in demand for locally produced cheese substitutes, such as plant-based alternatives, which are more affordable for consumers. Additionally, the government's efforts to promote a healthier diet and reduce consumption of animal products have also contributed to the growth of the market. However, lack of infrastructure and distribution channels in rural areas pose a challenge for market expansion.
Underlying macroeconomic factors: The Cheese Substitutes Market of the Dairy Products & Eggs Market within The Food market in Angola is influenced by various macroeconomic factors. The country's economic health and government fiscal policies play a crucial role in determining market growth. Additionally, global economic trends and changes in consumer preferences also impact the performance of the market. The increasing demand for healthier and plant-based alternatives to traditional dairy products is driving the growth of the cheese substitutes market in Angola. Furthermore, the rising awareness about animal welfare and sustainability is also influencing consumers to opt for cheese substitutes, creating a favorable market environment.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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