Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in Ireland has seen steady growth, driven by factors such as increasing health consciousness, convenience of plant-based options, and the rise of veganism. This average growth is impacted by the growing demand for dairy-free alternatives and the trend towards healthier dietary choices.
Customer preferences: As health and wellness concerns continue to rise, there has been a growing demand for plant-based milk substitutes in Ireland. This trend is driven by a combination of factors, including environmental concerns, ethical considerations, and health benefits. Additionally, there has been an increase in lactose intolerance and dairy allergies, leading consumers to seek alternative sources of milk. This has resulted in a wider variety of milk substitutes being offered in the market, including almond, soy, and oat milk. This shift towards plant-based milk alternatives is expected to continue as more consumers prioritize health and sustainability in their purchasing decisions.
Trends in the market: In Ireland, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a rise in demand for plant-based milk alternatives, driven by a growing trend of health-conscious and environmentally conscious consumers. This trend is expected to continue and potentially impact the dairy industry, as more consumers turn to milk substitutes for health and sustainability reasons. Industry stakeholders should pay attention to this trend and explore opportunities in the growing market for milk substitutes.
Local special circumstances: In Ireland, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's strong agricultural industry and the demand for sustainable and ethical dairy alternatives. Additionally, the government's focus on promoting healthy and environmentally friendly food choices has created a favorable environment for the growth of milk substitutes. Furthermore, the cultural preference for plant-based diets, as well as the increasing number of lactose intolerant individuals, has also contributed to the market's growth.
Underlying macroeconomic factors: The Milk Substitutes Market in Ireland is heavily influenced by macroeconomic factors such as the country's economic health, trade policies, and consumer purchasing power. The global trend towards plant-based and dairy-free diets has contributed to the growth of this market, as well as Ireland's strong focus on sustainable and ethical food options. Additionally, the government's support for small businesses and investments in agricultural infrastructure have created a favorable environment for the growth of the Milk Substitutes Market in the country. Furthermore, the increasing awareness of the health benefits of plant-based diets and the rising prevalence of lactose intolerance are also driving the demand for milk substitutes in Ireland.
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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