Yogurt Substitutes - Angola

Angola

Highlights

Revenue in the Yogurt Substitutes market amounts to US$6.67m in 2024. The market is expected to grow annually by 6.12% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$0.18 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 775.50k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 9.0% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Angola has seen moderate growth, influenced by factors such as consumer preference for healthier options and convenience of online services. Despite subdued growth, the market is expected to continue expanding due to increasing health awareness and adoption of digital technologies.

Customer preferences: Consumers in Angola are increasingly turning towards plant-based yogurt substitutes, driven by health and sustainability concerns. This trend is also evident in the Dairy Products & Eggs Market within The Food market, as consumers seek out alternatives to traditional dairy products. Additionally, the growing popularity of veganism and lactose intolerance have also contributed to the rise in demand for yogurt substitutes. This shift towards plant-based options reflects a larger cultural shift towards more conscious and mindful consumption choices.

Trends in the market: In Angola, the dairy market is seeing a shift towards healthier and more sustainable options, with an increasing demand for yogurt substitutes. This trend is driven by the growing awareness of the health benefits of plant-based alternatives and the environmental impact of traditional dairy production. As consumers become more health-conscious, there is a growing demand for dairy-free options such as almond, coconut, and soy-based yogurt substitutes. This trend is expected to continue in the coming years, presenting opportunities for industry players to innovate and expand their product offerings. However, it also poses a potential threat to traditional dairy producers who may need to adapt to changing consumer preferences.

Local special circumstances: In Angola, the Yogurt Substitutes Market of the Dairy Products & Eggs Market is influenced by the country's tropical climate and traditional food preferences. Due to the hot weather, there is a high demand for dairy alternatives, such as coconut and soy-based yogurt substitutes. Additionally, the country's cultural preference for plant-based diets has led to the popularity of non-dairy yogurt substitutes. However, strict regulations on imported food products pose a challenge for international brands trying to enter the market.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Angola is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Angola's economy has been recovering from the recent recession and is projected to grow in the coming years. This growth is expected to boost consumer spending, which will positively impact the demand for yogurt substitutes. Additionally, the increasing health consciousness among consumers and the rise in vegan and lactose intolerant population are driving the demand for alternative dairy products like yogurt substitutes. The government's efforts to attract foreign investment and improve infrastructure also provide growth opportunities for the Yogurt Substitutes Market in Angola.

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.