Yogurt Substitutes - Finland

Finland

Highlights

Revenue in the Yogurt Substitutes market amounts to US$12.88m in 2024. The market is expected to grow annually by 3.78% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$2.32 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 2.18m kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 2.7% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Finland is experiencing negligible growth, influenced by factors such as consumer preference for traditional dairy products and limited awareness about alternative options. Convenience and health consciousness are also impacting the market's growth rate.

Customer preferences: The growing popularity of plant-based diets and the rise of lactose intolerance among consumers are driving the demand for yogurt substitutes in Finland. This trend is also influenced by the increasing awareness about the environmental impact of dairy production and the ethical concerns surrounding animal-based products. As a result, there is a shift towards alternative milk options, such as almond, soy, and coconut milk, which are also used as substitutes for yogurt in various dishes and recipes. This shift is further supported by the rise of veganism and vegetarianism in the country, reflecting a shift towards more sustainable and ethical food choices.

Trends in the market: In Finland, the Yogurt Substitutes Market is experiencing a surge in demand for plant-based alternatives, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with a steady growth of 8.2% annually. This shift towards non-dairy products is also driven by lactose intolerance and allergies. As a result, industry stakeholders are investing in research and development to innovate and expand their product offerings. Additionally, collaborations with retailers and online platforms are expected to further boost the availability and accessibility of yogurt substitutes in the market, catering to the evolving preferences of consumers.

Local special circumstances: In Finland, the Yogurt Substitutes Market is heavily influenced by the country's strong dairy industry and high demand for healthy, organic products. The market is also shaped by the country's strict regulations on food labeling and ingredients, which prioritize transparency and consumer safety. Additionally, Finland's cold climate and proximity to neighboring Nordic countries heavily influence consumer preferences for dairy-free alternatives, such as oat and soy-based yogurts. Overall, these factors contribute to a unique market dynamic that sets Finland apart from other countries in the Dairy Products & Eggs Market within The Food market industry.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Finland is also affected by macroeconomic factors such as consumer spending power, government policies, and economic growth. Finland has a strong dairy industry and a high demand for healthy food products, which has led to a growing market for yogurt substitutes. Additionally, the country's stable economy and favorable business environment have enabled the market to thrive, with increasing investments in research and development for innovative and sustainable products. Moreover, the rising health consciousness among consumers and the growing trend of veganism are also contributing to the growth of the yogurt substitutes market in Finland.

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.