Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in EMEA is experiencing mild growth due to factors such as health consciousness among consumers and the convenience of online services. This trend is expected to continue as the market is impacted by the growing demand for dairy-free alternatives.
Customer preferences: As more consumers in EMEA are adopting plant-based diets, the demand for milk substitutes is on the rise. This trend is driven by factors such as increasing health consciousness, ethical concerns, and lactose intolerance. Additionally, the growing popularity of veganism and flexitarianism is also contributing to the shift towards milk substitutes. As a result, companies are introducing innovative and diverse plant-based milk alternatives to cater to this evolving consumer demand.
Trends in the market: In the EMEA region, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for plant-based milk alternatives, driven by health and environmental concerns. Additionally, there is a growing trend of incorporating functional ingredients, such as probiotics and vitamins, in milk substitutes. This trajectory is expected to continue, as consumers seek healthier and more sustainable options. Industry stakeholders should focus on expanding their product offerings and marketing strategies to cater to this evolving trend.
Local special circumstances: In Europe, the Milk Substitutes Market is driven by the increasing number of lactose intolerant individuals and the growing trend of veganism. This has led to a rise in demand for non-dairy alternatives, such as plant-based milk and yogurt. In addition, strict regulations on animal welfare and sustainability have also influenced consumer choices, driving the growth of the market. In the Middle East, the market is influenced by religious and cultural factors, with a large Muslim population avoiding dairy products during Ramadan and other religious occasions. This has created a demand for dairy-free options, such as almond and coconut milk, in the region. The unique factors in these regions have contributed to the growth and evolution of the Milk Substitutes Market in EMEA.
Underlying macroeconomic factors: The Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market in EMEA is influenced by macroeconomic factors such as changing consumer preferences, rising health concerns, and increasing demand for plant-based products. Furthermore, favorable government policies promoting sustainable and environmentally friendly alternatives to dairy products are also driving market growth. Additionally, the overall economic health of the region and disposable income levels play a significant role in determining the demand for milk substitutes. Moreover, the rising popularity of vegan and vegetarian diets in the region is expected to further fuel the growth of the milk substitutes market in EMEA.
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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