Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Gabon is experiencing mild growth due to factors such as increasing health consciousness and convenience of online food services. This trend is expected to continue with the rising demand for healthier dairy alternatives.
Customer preferences: As consumers in Gabon become more health-conscious, there is a growing demand for alternative dairy products, such as plant-based yogurt substitutes. This trend is driven by a shift towards plant-based diets and a growing awareness of lactose intolerance. Additionally, the rise in veganism and environmental concerns also contribute to the increasing popularity of yogurt substitutes made from soy, almond, or coconut milk. This shift is indicative of a larger global trend towards plant-based alternatives in the food industry.
Trends in the market: In Gabon, there is a growing demand for plant-based alternatives in the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market. This trend is being driven by health-conscious consumers looking for non-dairy options, as well as those with lactose intolerance or allergies. As a result, companies are innovating and expanding their range of plant-based yogurt substitutes, such as soy, almond, and coconut-based products. This trend is expected to continue as consumers become more health-conscious and sustainability-focused, posing both challenges and opportunities for industry stakeholders.
Local special circumstances: In Gabon, the Yogurt Substitutes market of the Dairy Products & Eggs Market within The Food market is influenced by the country's high prevalence of lactose intolerance, leading to a demand for dairy-free alternatives. Additionally, Gabon's growing health-conscious population has created a niche market for non-dairy yogurt substitutes made from local ingredients like plant-based milks and fruits. The country's strict regulations on imported dairy products have also contributed to the growth of domestic yogurt substitutes market.
Underlying macroeconomic factors: The Yogurt Substitutes Market within the Dairy Products & Eggs Market of The Food market in Gabon is heavily influenced by macroeconomic factors such as consumer purchasing power, trade policies, and government regulations. With a growing population and an increase in disposable income, the demand for healthier and more convenient food options is on the rise. However, the market is also impacted by global economic trends and national economic health, which can affect the cost and availability of raw materials and transportation costs. Additionally, fiscal policies and other financial indicators such as inflation rates and interest rates can impact market performance and consumer spending behavior.
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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