Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Central & Western Europe is experiencing minimal growth due to factors such as increasing health consciousness and the convenience of online services. Despite this slow growth rate, the market is still expected to expand due to changing consumer preferences and advancements in digital technology.
Customer preferences: Consumers in Central & Western Europe are gravitating towards plant-based yogurt substitutes, driven by a growing interest in health and wellness. This trend is fueled by concerns over animal welfare and sustainability, as well as a desire for lactose-free options. Moreover, the rise of flexitarian diets and the increasing availability of alternative milk sources, such as almond and oat, are contributing to the growing popularity of yogurt substitutes in the region.
Trends in the market: In Central & Western Europe, the demand for dairy-free and plant-based products is on the rise, leading to a growing market for yogurt substitutes. This trend is driven by consumers' increasing focus on health and sustainability, as well as the rise of vegan and flexitarian diets. As a result, companies are launching innovative products such as coconut, almond, and soy-based yogurt alternatives. Additionally, there is a growing interest in probiotic-rich options, as consumers become more aware of the benefits of gut health. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into new markets and cater to changing consumer preferences.
Local special circumstances: In Central and Western Europe, the Yogurt Substitutes Market is influenced by the region's strong emphasis on health and wellness. With a growing trend towards plant-based diets, dairy-free yogurt alternatives have gained popularity. Additionally, strict regulations on food labeling and ingredients have led to a wider availability of non-dairy options. The cultural preference for natural and organic products has also contributed to the growth of this market in the region. Furthermore, the high levels of lactose intolerance among Europeans have created a demand for yogurt substitutes made from alternative milks such as almond, soy, and coconut.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as consumer preferences, economic growth, and government policies. In countries with strong economic growth and a trend towards healthier diets, the demand for yogurt substitutes is increasing. Additionally, government initiatives to promote plant-based diets and reduce dairy consumption are also driving market growth. However, in regions with economic instability and limited access to alternative products, the market may face challenges. Overall, the growing awareness of health and environmental concerns is expected to continue driving the demand for yogurt substitutes in the coming years.
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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