Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes market in the Dairy Products & Eggs market in Israel is seeing minimal growth, influenced by factors like consumer preference for traditional dairy products, limited product availability, and low awareness about yogurt alternatives. Convenience and health awareness may drive future growth.
Customer preferences: The trend towards healthier and more sustainable eating habits has led to a rise in demand for plant-based yogurt substitutes in Israel. This is fueled by a growing awareness of the environmental impact of dairy production and a shift towards vegan and flexitarian diets. Additionally, the convenience and variety offered by these substitutes, such as coconut, soy, and almond-based options, appeal to health-conscious consumers looking for alternative sources of protein.
Trends in the market: In Israel, the Yogurt Substitutes Market is seeing a rise in alternative dairy products, such as plant-based yogurts, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with the market projected to grow at a CAGR of 6.3% from 2021 to 2026. This shift towards dairy substitutes is significant as it reflects changing consumer preferences and a demand for healthier, more sustainable options. It also presents opportunities for industry stakeholders to innovate and expand their product offerings to cater to this growing market segment. Additionally, this trend may have implications for traditional dairy producers, who may need to adapt their strategies to compete with the rising popularity of yogurt substitutes.
Local special circumstances: In Israel, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's strong emphasis on health and wellness. The demand for alternative dairy products has risen due to the dietary restrictions of the Jewish population. Additionally, Israel's advanced technology and innovation in food products have led to the introduction of unique yogurt substitutes made from plant-based ingredients. The country's strict kosher laws also play a role in shaping the market, with many products being certified for their adherence to these religious requirements.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Israel is influenced by various macroeconomic factors. These include the country's strong economic growth, stable political climate, and favorable regulatory environment. Israel's well-developed infrastructure and government support for innovation and technology also contribute to the market's growth. Additionally, the increasing health consciousness among consumers and the growing demand for plant-based options are driving the demand for yogurt substitutes in the country. As a result, the market is expected to continue its upward trend in the coming years.
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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