Key regions: Canada, Russia, United States, Japan, United Kingdom
In the Benelux food market, the yogurt substitutes market is seeing minimal growth due to factors such as consumers' increasing health consciousness and convenience of online services. Despite this, digital health technologies are not widely adopted yet, impacting the market's growth rate.
Customer preferences: With the rise of lactose intolerance and dairy-free diets, there has been a growing demand for yogurt substitutes in the Benelux region. This trend is further fueled by the increasing popularity of vegan and plant-based diets. As a result, there has been a surge in the availability of non-dairy yogurt alternatives, such as coconut, almond, and soy-based yogurt. Additionally, consumers are also increasingly seeking yogurt substitutes that are free from artificial flavors and preservatives, reflecting a growing preference for clean label products.
Trends in the market: In Benelux, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards plant-based alternatives, driven by the growing demand for dairy-free and vegan options. This trend is expected to continue in the coming years, with consumers becoming more health-conscious and environmentally aware. The rise of flexitarianism and the growing availability of innovative products, such as coconut and almond-based yogurts, are contributing to the market's trajectory. This shift presents opportunities for industry stakeholders to tap into a new consumer segment and expand their product offerings. It also highlights the need for traditional dairy companies to adapt and innovate to stay competitive in the market.
Local special circumstances: In the Benelux region, the Yogurt Substitutes market is heavily influenced by the growing trend of health consciousness and the increasing demand for plant-based products. This is due to the region's high prevalence of lactose intolerance and vegetarian/vegan consumers. Additionally, strict regulations on food labeling and ingredients have played a significant role in shaping the market, as consumers are becoming more aware and conscious of the products they consume. The market is also driven by the region's diverse and multicultural population, leading to the introduction of ethnic flavors and variations in dairy-free yogurt substitutes.
Underlying macroeconomic factors: The Yogurt Substitutes Market in the Benelux region is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government policies. As the global economy continues to recover from the COVID-19 pandemic, consumers are becoming more conscious of their health and are seeking out healthier alternatives to traditional dairy products. Additionally, government initiatives promoting sustainable and plant-based diets are driving the demand for yogurt substitutes in the region. Furthermore, the growing trend of veganism and lactose intolerance is also a key factor contributing to the growth of the market in the Benelux countries.
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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