Definition:
Yogurt substitutes are non-dairy alternatives to traditional yogurt. They are made from plant-based ingredients, such as soy, coconut, almonds, or cashews. These substitutes aim to replicate the taste, texture, and nutritional properties of dairy yogurt without using any animal-derived ingredients. This makes them suitable for vegans, lactose intolerant individuals, those with dairy allergies, and/or people who simply wish to reduce their consumption of animal products. Yogurt substitutes often contain probiotics to promote gut health, and similarly to dairy-based yogurts, they can be used in various dishes and recipes.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
For more information on the displayed data, click the info button on the right side of each box.Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Yogurt Substitutes Market in EU-27 is expected to experience minimal growth, influenced by factors such as increasing health consciousness and the convenience of online services. This market is driven by the growing demand for dairy-free and plant-based alternatives in The Food market.
Customer preferences: With the rise of health-consciousness and dietary restrictions, there is a growing demand for non-dairy alternatives in the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market. Plant-based yogurt substitutes, such as coconut, almond, and soy, are gaining popularity among consumers looking for healthier options. This trend is driven by a growing awareness of lactose intolerance and the desire for more sustainable and ethical food choices.
Trends in the market: In the EU-27 market, the demand for yogurt substitutes is on the rise as consumers seek healthier and more sustainable alternatives to traditional dairy products. This trend is being driven by a growing awareness of the environmental impact of dairy farming and a shift towards plant-based diets. In addition, there is a rising demand for lactose-free options and the availability of innovative and tasty non-dairy alternatives. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into the growing market for yogurt substitutes. However, this could also pose a challenge for traditional dairy companies to adapt and innovate in order to stay competitive.
Local special circumstances: In the EU-27, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's strong focus on sustainability and environmental awareness. This has led to the rise of plant-based yogurt alternatives, catering to the growing demand for vegan and vegetarian options. Additionally, stringent regulations on food labeling and ingredients have also shaped the market, with manufacturers having to comply with strict guidelines to meet consumer expectations. These factors contribute to the unique dynamics of the Yogurt Substitutes Market in the EU-27 compared to other markets.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as consumer spending power, health consciousness, and changing dietary preferences. Regions with strong economic growth and increasing disposable income, such as the Asia-Pacific and North America, are expected to witness higher demand for yogurt substitutes. Additionally, government initiatives promoting healthy eating habits and rising concerns about food allergies and lactose intolerance are driving the demand for dairy-free alternatives, further fueling the growth of the market.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights