Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes market in the EAEU region is experiencing minimal growth due to factors such as low consumer awareness and limited availability of substitutes. Despite this, the market is expected to grow steadily as consumers become more health-conscious and seek alternative options in the Dairy Products & Eggs market.
Customer preferences: There is a growing trend in the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market towards plant-based alternatives, as consumers become more health-conscious and environmentally aware. This has led to an increase in demand for non-dairy yogurts made from ingredients such as soy, coconut, and almond milk. Additionally, the rise of veganism and lactose intolerance has also contributed to the popularity of these substitutes.
Trends in the market: In the EAEU, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based alternatives, driven by the growing demand for vegan and lactose-free options. This trend is expected to continue, with consumers increasingly seeking healthier and sustainable alternatives to traditional dairy products. Additionally, there is a rise in innovative product offerings, such as yogurt made from non-dairy sources like coconut, almond, and soy milk. These trends signify a shift towards a more health-conscious and environmentally-friendly market, posing both challenges and opportunities for industry stakeholders to adapt and innovate.
Local special circumstances: In the EAEU, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's rich dairy tradition. Local tastes and preferences for fermented dairy products have led to the popularity of yogurt substitutes made from traditional ingredients like kefir and ayran. Additionally, regulatory barriers, such as import restrictions and labeling requirements, have created a unique market environment for dairy substitutes in the region. These factors have shaped the market dynamics and continue to drive its growth in the EAEU.
Underlying macroeconomic factors: The Yogurt Substitutes Market in the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as consumer purchasing power, government policies, and economic stability. Countries with favorable economic conditions and strong government support for the food industry are experiencing faster market growth compared to regions with economic challenges and limited government policies. Additionally, the increasing health consciousness and changing dietary preferences among consumers are driving the demand for yogurt substitutes, creating opportunities for 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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