Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Estonia is experiencing minimal growth due to factors such as consumers' increasing health consciousness and the convenience of online health services. Despite this slow growth rate, the market is expected to continue expanding in the coming years.
Customer preferences: As consumer interest in plant-based diets and environmentally sustainable consumption grows, there has been an increase in demand for non-dairy yogurt substitutes made from alternative ingredients such as coconut milk, soy, and almond milk. This trend is also being driven by health-conscious consumers looking for lower calorie and lower sugar options, as well as individuals with lactose intolerance or dairy allergies.
Trends in the market: In Estonia, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing an increase in demand for plant-based yogurt alternatives, driven by health-conscious consumers seeking dairy-free options. This trend is expected to continue as more people adopt plant-based diets and prioritize sustainable food choices. As a result, industry stakeholders are investing in research and development to improve the taste and texture of these substitutes, while also exploring new production methods. Additionally, there is a growing market for non-dairy yogurt products made from alternative ingredients such as coconut, soy, and almond milk. These trends have significant implications for the dairy industry, as it may lead to a decline in traditional yogurt sales and a shift towards alternative products. This could also present opportunities for dairy companies to diversify their product offerings and cater to a wider range of consumers.
Local special circumstances: In Estonia, the Yogurt Substitutes market is influenced by the country's strong focus on health and wellness. The population's high level of awareness and interest in healthy eating has led to a demand for alternative dairy products, such as plant-based yogurts. Additionally, the government's strict regulations on food labeling and quality control have created a market where consumers have a high level of trust in the products they purchase. This has led to a competitive landscape with a wide range of high-quality yogurt substitutes available to meet the diverse needs of the Estonian market.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Estonia is influenced by various macroeconomic factors. These include the overall economic health of the country, global economic trends, fiscal policies, and other relevant financial indicators. The performance of the market is also affected by consumer spending power, inflation rates, and interest rates. Additionally, government regulations and policies related to food safety and health can impact the demand for yogurt substitutes. The increasing awareness about healthy eating and dietary restrictions also play a significant role in shaping the market. Furthermore, the growing trend of veganism and the availability of alternative dairy products are expected to drive the growth of the yogurt substitutes market in Estonia.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
