Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Ethiopia's Dairy Products & Eggs Market is experiencing mild growth, driven by factors such as increasing health awareness and convenience of online health services. This growth is impacted by the country's developing economy and evolving consumer preferences.
Customer preferences: As health and wellness trends continue to gain traction in Ethiopia, there has been a growing demand for plant-based yogurt substitutes among health-conscious consumers. This shift towards alternative dairy products is driven by a desire for healthier and more environmentally friendly food options, as well as cultural preferences for plant-based diets. Additionally, with the rise of veganism and lactose intolerance, there is a growing market for yogurt substitutes made from ingredients such as coconut, almond, and soy milk.
Trends in the market: In Ethiopia, the demand for yogurt substitutes is on the rise, driven by the increasing health consciousness and changing dietary preferences of consumers. Non-dairy alternatives such as soy, almond, and coconut-based products are gaining popularity as they offer similar nutritional benefits to traditional yogurt. In addition, the rise of veganism and lactose intolerance is fueling the growth of this market. This trend is expected to continue in the future, presenting opportunities for industry stakeholders to innovate and cater to the evolving needs of consumers in the country.
Local special circumstances: In Ethiopia, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's traditional diet and cultural preferences. The use of plant-based ingredients, such as teff and sorghum, in yogurt substitutes is a reflection of the local food culture. Additionally, the government's efforts to promote healthy eating habits and regulate food safety standards have shaped the market dynamics. These factors differentiate the market from others, creating a unique landscape for yogurt substitutes.
Underlying macroeconomic factors: The Yogurt Substitutes Market in Ethiopia is heavily influenced by macroeconomic factors such as economic stability, trade policies, and consumer purchasing power. The country's growing economy, coupled with rising urbanization and a growing middle-class population, has increased demand for dairy alternatives, including yogurt substitutes. Additionally, the government's initiatives to promote dairy production and consumption, along with investments in infrastructure and technology, are expected to drive the growth of the market in the coming years. However, challenges such as limited access to credit and high import costs for raw materials could hinder 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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