Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in Northern Africa is experiencing steady growth, influenced by factors like increased adoption of plant-based alternatives, rising health consciousness, and convenience of online shopping. This trend is driven by the average growth rate within the Dairy Products & Eggs Market in the region.
Customer preferences: As the demand for plant-based diets continues to rise globally, consumers in Northern Africa are increasingly turning to alternative milk substitutes, such as almond, soy, and coconut milk. This trend is driven by health and environmental concerns, as well as cultural preferences for dairy-free options. Additionally, the rise of veganism and lactose intolerance among younger generations is also contributing to the growth of the milk substitutes market in the region.
Trends in the market: In Northern Africa, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a rise in demand for plant-based alternatives due to increasing health and environmental concerns. This trend is expected to continue, with a projected growth of 9.4% in the next five years. This shift towards non-dairy products is significant as it reflects changing consumer preferences and presents opportunities for industry stakeholders to innovate and capitalize on the growing market. Additionally, with the rise of veganism and lactose intolerance, the demand for milk substitutes is expected to further increase, creating a potential for growth and expansion in the market.
Local special circumstances: In Northern Africa, the Milk Substitutes Market is shaped by a combination of cultural and regulatory factors. The region has a large population of lactose-intolerant individuals, leading to a high demand for non-dairy milk alternatives. Additionally, government subsidies and trade agreements can impact the availability and pricing of milk substitutes. In countries like Morocco and Tunisia, where dairy farming is a significant industry, there may be stricter regulations and protectionist policies in place. These unique factors contribute to the dynamic and evolving landscape of the Milk Substitutes Market in Northern Africa.
Underlying macroeconomic factors: The Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by various macroeconomic factors in Northern Africa. The region's economic performance, fiscal policies, and global economic trends impact the market's growth. Countries with stable economic health and favorable regulatory environments experience higher market growth due to increased investments and consumer spending. The rising demand for healthier and plant-based alternatives to dairy products, coupled with the region's growing population and increasing disposable income, are also driving the market's growth. Additionally, the region's shift towards a more health-conscious lifestyle and the rising prevalence of lactose intolerance are further fueling the demand for milk substitutes.
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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