Yogurt Substitutes - Bulgaria

Bulgaria

Highlights

Revenue in the Yogurt Substitutes market amounts to US$2.65m in 2024. The market is expected to grow annually by 8.90% (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$0.40 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 374.70k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 8.0% 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 Bulgaria is experiencing minimal growth, influenced by factors like consumer preferences for alternative dairy products and increasing health consciousness. Online options offer convenience, contributing to the overall growth rate in this market.

Customer preferences: As consumers become more health-conscious and environmentally aware, there is a growing demand for plant-based yogurt substitutes in Bulgaria. This trend is driven by cultural preferences for natural and sustainable products, as well as an increasing number of individuals following vegetarian or vegan diets. Additionally, the rise of lactose intolerance and dairy allergies among the population has also contributed to the popularity of yogurt alternatives made from soy, coconut, and other plant-based ingredients.

Trends in the market: In Bulgaria, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a rise in plant-based alternatives, driven by increasing health consciousness and dietary restrictions. This trend is expected to continue as consumers seek more diverse and sustainable options. Additionally, there is a growing demand for lactose-free and vegan yogurt substitutes, indicating a shift towards more inclusive and ethical consumption. These trends present opportunities for industry stakeholders to innovate and cater to evolving consumer preferences, while also promoting a healthier and more environmentally-friendly market.

Local special circumstances: In Bulgaria, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is heavily influenced by the country's rich history and culture of dairy consumption. The traditional Bulgarian yogurt, known as "kiselo mlyako," has a unique texture and taste, making it a staple in Bulgarian cuisine. This has led to a higher demand for yogurt substitutes that can match the taste and nutritional value of traditional yogurt. Additionally, Bulgaria's membership in the European Union has resulted in stricter regulations for dairy products, affecting the production and distribution of yogurt substitutes in the market.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Bulgaria is heavily influenced by macroeconomic factors such as consumer spending power, government policies, and economic stability. The country's growing middle-class population and increasing disposable income are driving the demand for healthier and more affordable food options, including yogurt substitutes. Additionally, favorable government policies promoting healthy living and sustainability are also expected to boost the market growth. However, economic uncertainties caused by the COVID-19 pandemic may hinder market growth in the short term.

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.