Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in Southern Europe is experiencing minimal growth, impacted by factors such as consumer preference for traditional dairy products and limited technological advancements. However, increasing health consciousness and convenience of online purchasing are driving slight growth in the market.
Customer preferences: In Southern Europe, there has been a noticeable increase in demand for plant-based and vegan dairy alternatives, driven by a growing health-conscious population and a rising awareness of sustainability. This trend is further supported by the region's strong cultural tradition of plant-based diets, as well as a growing interest in alternative protein sources. Additionally, the rise of flexitarianism and the increasing availability of innovative dairy-free products have also contributed to this shift in consumer preferences.
Trends in the market: In Southern Europe, there is a growing demand for plant-based dairy alternatives, such as almond milk and soy yogurt, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with the European plant-based dairy market projected to reach $7.5 billion by 2026. This shift towards alternative dairy products has implications for industry stakeholders, as companies must adapt to meet changing consumer preferences and compete with new plant-based brands. Additionally, there is a growing interest in locally sourced and artisanal dairy products, as consumers prioritize quality and authenticity. This presents opportunities for small-scale producers and niche brands to enter the market and cater to this niche segment. Overall, the trend towards plant-based and artisanal dairy products is expected to shape the future of the Other Dairy Products & Eggs Market in Southern Europe.
Local special circumstances: In Southern Europe, the Other Dairy Products & Eggs Market is heavily influenced by traditional cultural preferences and local farming practices. This often leads to a focus on artisanal and organic products, as well as a strong demand for local and regional specialties. Additionally, regulatory restrictions on imports and strict labeling requirements can create barriers for international companies looking to enter the market. These unique factors contribute to a dynamic and competitive landscape in the Other Dairy Products & Eggs Market in Southern Europe.
Underlying macroeconomic factors: The growth of the Other Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer preferences, government regulations, and trade policies. Countries with strong economies and high dairy consumption rates, such as Italy, France, and Spain, are experiencing steady market growth. On the other hand, countries with economic instability and strict regulations, such as Greece and Portugal, are facing challenges in the dairy market. Additionally, changing dietary habits and increasing health consciousness among consumers are driving the demand for healthier dairy alternatives, such as plant-based milk and dairy-free products, in Southern Europe.
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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