Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes market in France is experiencing minimal growth, influenced by factors such as shifting consumer preferences towards plant-based alternatives, rising health consciousness, and the convenience of online shopping. This market is a part of the Dairy Products & Eggs market within The Food market, which is expected to see slow growth due to market saturation and competition from traditional dairy products.
Customer preferences: As health and wellness trends continue to gain traction in France, there is a noticeable shift towards plant-based diets and alternative dairy products. This is driven by increasing concerns over animal welfare, environmental sustainability, and personal health. As a result, there is a growing demand for yogurt substitutes made from non-dairy sources such as coconut milk, almond milk, and soy milk. This trend is also influenced by the rise of flexitarian and vegan lifestyles, as well as the growing popularity of lactose-free and gluten-free diets.
Trends in the market: In France, the Yogurt Substitutes Market is experiencing a surge in demand for plant-based alternatives, driven by consumers' increasing interest in healthy and sustainable food choices. This trend is expected to continue, with the market projected to grow at a CAGR of 8.5% from 2021 to 2026. The rise of flexitarian and vegan diets, coupled with concerns over animal welfare and environmental impact, are significant factors driving this growth. Industry stakeholders are responding by expanding their product offerings and investing in innovative plant-based technologies, positioning themselves for a competitive edge in the evolving market.
Local special circumstances: In France, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by the country's strict regulations on food labeling and production. This has led to a preference for locally-sourced and organic options among consumers. Additionally, the cultural importance of food in France has created a demand for high-quality and artisanal products, making it challenging for new entrants to compete. Furthermore, the country's strong dairy industry and love for cheese have also influenced the development of the Yogurt Substitutes Market, with a focus on alternative dairy-based options.
Underlying macroeconomic factors: The Yogurt Substitutes Market in France is greatly influenced by macroeconomic factors such as national economic health, global economic trends, fiscal policies, and other financial indicators. The country's strong economy and stable political environment have led to consistent growth in The Food market, including the Dairy Products & Eggs Market. Additionally, the increasing health consciousness among consumers and growing demand for plant-based products are driving the demand for yogurt substitutes in France. Furthermore, the government's initiatives to promote healthy eating habits and reduce dairy consumption also contribute to the growth of the yogurt substitutes market. However, fluctuations in raw material prices and strict regulations on food labeling and ingredients can pose challenges for market players. Overall, favorable macroeconomic conditions and shifting consumer preferences towards healthier options are expected to continue driving the growth of the Yogurt Substitutes Market in France.
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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