Key regions: India, Canada, China, United States, Russia
The Milk Substitutes Market in Qatar has seen moderate growth due to factors such as increasing health consciousness and preference for plant-based options. However, subdued growth is being impacted by challenges such as limited availability and high costs.
Customer preferences: '
As health and wellness awareness continues to grow in Qatar, consumers are increasingly turning towards plant-based milk substitutes as a healthier alternative to traditional dairy products. This trend is driven by factors such as the rising prevalence of lactose intolerance and ethical considerations surrounding animal welfare. Additionally, the growing popularity of veganism and flexitarian diets is also contributing to the demand for milk substitutes. This shift in consumer preferences is expected to drive the growth of the Milk Substitutes Market in the coming years.
Trends in the market: In Qatar, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based milk alternatives, such as almond, soy, and coconut milk. This trend is driven by the growing awareness of lactose intolerance and health concerns related to dairy consumption. Additionally, there is a shift towards vegan and vegetarian diets, further fueling the demand for milk substitutes. This trajectory is significant for industry stakeholders as it presents new opportunities for product innovation and market expansion. However, it also poses a challenge for traditional dairy producers who may need to adapt their strategies to cater to changing consumer preferences.
Local special circumstances: In Qatar, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is primarily driven by the country's growing health consciousness and increasing demand for plant-based alternatives. This is influenced by the nation's predominantly Muslim population, which follows a Halal diet. Additionally, the government's efforts to promote a healthy lifestyle through initiatives such as the National Health Strategy 2018-2022 have also contributed to the rise in demand for milk substitutes in Qatar.
Underlying macroeconomic factors: The Milk Substitutes Market in Qatar is heavily influenced by macroeconomic factors, including the country's strong economic growth and stability, as well as its growing population and high disposable income. In addition, the government's initiatives to reduce its reliance on dairy imports and promote local production have created a favorable regulatory environment for the market. Furthermore, increasing health consciousness and the rise in vegan and lactose-intolerant consumers have also contributed to the growing demand for milk substitutes in Qatar, driving 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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