Milk Substitutes - Croatia

Croatia

Highlights

Revenue in the Milk Substitutes market amounts to US$6.27m in 2024. The market is expected to grow annually by 20.36% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$10bn in 2024).
In relation to total population figures, per person revenues of US$1.57 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 5.46m kg by 2029. The Milk Substitutes market is expected to show a volume growth of 27.2% in 2025.0.
The average volume per person in the Milk Substitutes market is expected to amount to 0.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Substitutes Market in Croatia is experiencing average growth, driven by factors such as increasing health consciousness and convenience of online services. This market is a part of the Dairy Products & Eggs Market in The Food market of Croatia.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a rise in demand for plant-based milk substitutes in Croatia. This trend is driven by a growing preference for sustainable and ethical food choices, as well as an increase in lactose intolerance and allergies. Additionally, the rise in veganism and flexitarianism has also contributed to the popularity of milk substitutes, as individuals seek out healthier and more environmentally friendly alternatives to traditional dairy products.

Trends in the market: In Croatia, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards plant-based alternatives, driven by health and environmental concerns. This trend is expected to continue, with consumers becoming more health-conscious and environmentally aware. As a result, dairy companies are investing in research and development of new plant-based options to meet the growing demand. Additionally, there is a rise in online sales of milk substitutes, allowing for easier accessibility and convenience for consumers. This trend has significant implications for industry stakeholders, as they must adapt their products and marketing strategies to cater to the changing consumer preferences. Moreover, the rise of plant-based milk substitutes could potentially disrupt the traditional dairy industry, leading to increased competition and market share shifts.

Local special circumstances: In Croatia, the Milk Substitutes Market within the Dairy Products & Eggs Market is influenced by the country's geographical location, with a strong tradition of dairy farming and production. However, the market is also affected by changing consumer preferences, with a growing demand for plant-based alternatives. Additionally, government regulations promoting healthy and sustainable food options have led to an increase in the availability and popularity of milk substitutes. This unique mix of geographical, cultural, and regulatory factors has created a dynamic market for milk substitutes in Croatia.

Underlying macroeconomic factors: The growth of the Milk Substitutes Market in Croatia is influenced by various macroeconomic factors. These include the country's economic health, fiscal policies, and global economic trends. Croatia's relatively stable economy and favorable fiscal policies have contributed to the growth of the Dairy Products & Eggs Market within The Food market. Additionally, the increasing awareness about health and wellness among consumers, along with the rising prevalence of lactose intolerance, have also driven the demand for milk substitutes in the country. Furthermore, the growing trend towards veganism and plant-based diets has further boosted the 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.