Yogurt Substitutes - Cameroon

Cameroon

Highlights

Revenue in the Yogurt Substitutes market amounts to US$3.26m in 2024. The market is expected to grow annually by 4.96% (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$0.11 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 352.90k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 2.2% 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 Cameroon is witnessing minimal growth, impacted by factors such as limited consumer awareness and availability of traditional dairy products. Despite this, the market is expected to grow gradually due to increasing health consciousness and convenience of alternative options.

Customer preferences: As consumers become more health-conscious, there is a growing trend towards plant-based alternatives to traditional dairy products like yogurt. This shift is driven by factors such as lactose intolerance, ethical concerns, and rising interest in vegan and vegetarian diets. Additionally, the increasing availability of non-dairy milk options, such as almond, soy, and coconut, is also contributing to the growth of the yogurt substitutes market.

Trends in the market: In Cameroon, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for plant-based alternatives, driven by health and environmental concerns. In addition, there is a growing trend of incorporating local ingredients and traditional flavors into these substitutes. This trajectory highlights the importance of innovation and sustainability in the industry, and presents opportunities for stakeholders to tap into the increasing consumer demand for healthier and more diverse options. However, the potential implications of this trend include increased competition and the need for continuous product development to stay relevant in the market.

Local special circumstances: In Cameroon, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's diverse cultural and geographical landscape. With a large portion of the population living in rural areas, there is a preference for traditional dairy substitutes such as soy and coconut milk. Additionally, strict regulations on dairy production and distribution have led to the emergence of local dairy substitutes made from locally sourced ingredients. These factors have created a unique market dynamic, where traditional and locally made substitutes have a strong presence alongside international brands.

Underlying macroeconomic factors: The Yogurt Substitutes Market in Cameroon is greatly impacted by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. With a growing population and increasing disposable income, the demand for dairy alternatives is expected to rise. However, factors such as high import costs, limited access to technology, and lack of regulatory support pose challenges to market growth. Additionally, the country's agricultural sector, which plays a crucial role in the production of dairy substitutes, is also affected by macroeconomic factors such as climate change, trade policies, and government subsidies. These factors influence the availability and cost of raw materials, ultimately impacting the performance of the Yogurt Substitutes Market in Cameroon.

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.