Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Egypt is experiencing minimal growth, impacted by factors such as limited consumer awareness and competition from traditional dairy products. Convenience and health consciousness are also driving the market's growth, fueled by the increasing adoption of digital technologies.
Customer preferences: The popularity of plant-based diets and the rise of veganism have led to a growing demand for dairy-free yogurt substitutes in Egypt. This trend is further fueled by a rising awareness of lactose intolerance and a preference for healthier and more environmentally sustainable options. As a result, the market is seeing an increase in the availability of non-dairy yogurt alternatives, such as soy, almond, and coconut-based products. This shift towards dairy-free options is also driven by the growing number of consumers seeking alternative sources of protein and calcium.
Trends in the market: In Egypt, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for plant-based alternatives such as soy, almond, and coconut yogurt. This trend is driven by a growing health-conscious population seeking dairy-free options. In addition, there is a rise in veganism and lactose intolerance, further boosting the demand for yogurt substitutes. This trend is expected to continue, with potential implications for dairy companies to expand their product offerings to cater to this market segment. Additionally, this trend presents opportunities for plant-based dairy companies to enter the Egyptian market and compete with traditional dairy products.
Local special circumstances: In Egypt, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's cultural preference for dairy-based products. As a result, there is a high demand for alternatives to traditional yogurt. Additionally, regulations governing the import and production of dairy products play a significant role in shaping the market dynamics. These unique factors create a competitive landscape for yogurt substitutes, with local brands often dominating the market. Furthermore, the growing health and wellness trend in Egypt has led to a rise in demand for dairy-free and plant-based alternatives, further shaping the market.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Egypt is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and global economic trends. Egypt's growing population and increasing disposable income are driving the demand for dairy products, including yogurt substitutes. Furthermore, favorable government policies and investments in the dairy industry are expected to further boost market growth. However, fluctuations in global milk prices and competition from imported products may hinder the growth of the market. Additionally, the impact of COVID-19 on the economy and consumer spending patterns should also be considered when examining the performance of the Yogurt Substitutes Market in Egypt.
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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