Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in Bahrain is experiencing steady growth due to factors such as increasing health consciousness and the convenience of online services. The average growth rate is driven by the rising demand for dairy-free alternatives and the expanding availability of plant-based milk substitutes.
Customer preferences: The Milk Substitutes Market within the Dairy Products & Eggs Market is seeing a rise in demand for plant-based alternatives, driven by health-conscious consumers looking for dairy-free options. This shift is influenced by cultural preferences for vegetarian and vegan diets, as well as growing concerns about the environmental impact of traditional dairy farming. Additionally, the convenience and availability of these products online have further contributed to their popularity.
Trends in the market: In Bahrain, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based milk alternatives. This trend is driven by a growing awareness of the health benefits of these products, as well as concerns over dairy production's environmental impact. As more consumers opt for milk substitutes, industry players are investing in research and development to expand their product portfolios and cater to this evolving market. This trend is expected to continue, with potential implications for traditional dairy producers who may need to adapt to changing consumer preferences.
Local special circumstances: In Bahrain, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's small size and limited agricultural land. This has led to a heavy reliance on imported milk and dairy products. Additionally, cultural preferences for camel milk have driven demand for camel milk substitutes. The government's efforts to promote healthy eating habits and reduce dependence on imported goods have also had an impact on the market, with a growing demand for locally-produced milk substitutes.
Underlying macroeconomic factors: The Milk Substitutes Market in Bahrain is heavily influenced by macroeconomic factors such as the country's economic growth, government policies and investments, and global economic trends. The rising awareness about the health benefits of plant-based milk substitutes, coupled with the growing trend of veganism, is driving the market growth. Additionally, increasing disposable income and changing consumer preferences towards healthier alternatives are also contributing to the demand for milk substitutes in the country. However, factors such as high production costs and limited availability of raw materials may hinder market growth.
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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