Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Kazakhstan is facing negligible growth, influenced by factors such as low consumer awareness and limited availability. Despite being a part of the Dairy Products & Eggs Market, the Yogurt Substitutes Market in Kazakhstan is struggling to attract consumers due to the lack of marketing and advertising efforts. Additionally, the traditional preference for dairy products in Kazakhstan is also impacting the growth rate of the Yogurt Substitutes Market.
Customer preferences: As consumers become more health-conscious and environmentally aware, the demand for plant-based yogurt substitutes is on the rise. This trend is driven by factors such as lactose intolerance, animal welfare concerns, and the desire for sustainable food choices. Additionally, the growing popularity of veganism and flexitarianism has also contributed to the growth of the yogurt substitutes market. This shift towards plant-based alternatives is expected to continue as consumers prioritize health, sustainability, and ethical considerations in their food choices.
Trends in the market: In Kazakhstan, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based alternatives. This trend is being driven by a growing awareness of health and environmental concerns, as well as a rise in vegan and vegetarian diets. As a result, companies are expanding their product offerings to include more dairy-free options, such as almond, soy, and coconut milk yogurt. This trajectory is significant as it reflects a shift towards healthier and more sustainable food choices among consumers. Industry stakeholders must keep up with these trends to stay competitive and cater to changing consumer preferences. Additionally, this trend has potential implications for the dairy industry, as it may impact milk production and sales.
Local special circumstances: In Kazakhstan, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's nomadic heritage and traditional diet, which includes fermented mare's milk known as kumis. This has led to a high demand for plant-based yogurt alternatives, such as soy or almond milk, among the growing vegan population. Additionally, strict government regulations on dairy production and imports have also shaped the market, creating opportunities for locally produced substitutes.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Kazakhstan is greatly impacted by macroeconomic factors such as consumer spending power, government policies, and economic stability. The country's growing economy, favorable regulatory environment, and increasing investment in food industry infrastructure are driving market growth. Additionally, the rising health consciousness among consumers and the increasing demand for plant-based alternatives are also contributing to the growth of the yogurt substitutes market in Kazakhstan. On a global scale, the increasing demand for dairy-free and lactose-free products, along with the growing adoption of vegan and vegetarian diets, are expected to further drive the growth of the yogurt substitutes 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.
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