Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in the D-A-CH region is experiencing subdued growth due to various factors such as increasing demand for plant-based alternatives, health consciousness among consumers, and convenience of online shopping. This market's growth rate has been impacted by changing consumer preferences and the introduction of new dairy-free options.
Customer preferences: With the growing popularity of plant-based diets and increasing concerns about animal welfare and sustainability, there has been a rise in demand for dairy-free yogurt substitutes in the D-A-CH region. This trend is also influenced by the rising number of lactose-intolerant and vegan consumers. To cater to these changing preferences, companies are introducing a variety of dairy-free yogurt alternatives made from soy, coconut, almonds, and other plant-based sources. This shift towards plant-based yogurt substitutes reflects the evolving lifestyle choices of consumers in the region.
Trends in the market: In the D-A-CH region, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is seeing a rise in demand for plant-based alternatives, driven by health-conscious consumers and the increasing popularity of vegan diets. Additionally, there is a growing trend of incorporating functional ingredients such as probiotics and prebiotics in these substitutes to cater to the demand for gut health products. This shift towards healthier and sustainable options is expected to continue, creating opportunities for companies to innovate and expand their product offerings in the market.
Local special circumstances: In the D-A-CH region, the Yogurt Substitutes Market is influenced by the strong consumer preference for organic and plant-based products. Germany, for example, has a high demand for dairy alternatives due to the increasing vegan and vegetarian population. In Austria, the market is driven by strict regulations on food labeling and the growing trend of health-conscious consumers seeking lactose-free options. Switzerland, with its strong dairy tradition, has a slower adoption of yogurt substitutes, but is seeing growth in demand for non-dairy options due to health and environmental concerns.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is impacted by various macroeconomic factors. Global economic trends, such as increasing health consciousness and growing demand for plant-based alternatives, are driving the market growth. In addition, national economic health, including GDP growth and consumer spending, plays a crucial role in influencing market performance. Fiscal policies, such as government subsidies and taxation, also have a significant impact on the market. Other relevant financial indicators, such as inflation and currency exchange rates, can affect production costs and consumer purchasing power, ultimately impacting market growth.
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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