Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Lebanon has seen a minimal growth rate due to factors such as limited awareness and availability of alternative options, as well as consumer preference for traditional dairy products. However, with increasing health concerns and the convenience of online shopping, the market is expected to experience gradual growth in the coming years.
Customer preferences: As the demand for healthy and plant-based options continues to rise, the Yogurt Substitutes Market in Lebanon is witnessing a growing preference for non-dairy alternatives, such as coconut, almond, and cashew-based yogurts. This shift is driven by an increasing number of consumers adopting vegan and lactose-free diets, as well as a growing awareness of the environmental impact of dairy production. Moreover, the availability of a variety of flavors and textures in non-dairy yogurts is also contributing to their popularity among health-conscious and adventurous consumers.
Trends in the market: In Lebanon, the demand for dairy-free and plant-based alternatives to yogurt is on the rise, driven by a growing health-conscious population and increasing awareness of lactose intolerance. Similarly, in the global market, the popularity of non-dairy yogurt substitutes is increasing, with a projected CAGR of 6.1% from 2020 to 2025. This trend is significant for industry stakeholders as it presents an opportunity for expansion and diversification of product offerings. Moreover, the rise in veganism and flexitarianism is also expected to drive the demand for yogurt substitutes, with potential implications for dairy farmers and processors.
Local special circumstances: In Lebanon, the Yogurt Substitutes Market is heavily influenced by the country's diverse cultural and religious population. With a large Muslim population, the demand for halal and dairy-free options is high, leading to a rise in plant-based yogurt substitutes. Additionally, the country's Mediterranean climate and traditional cuisine have also influenced the market, with a preference for tangy and creamy yogurt alternatives. Furthermore, Lebanon's strict regulations on dairy products have led to the popularity of imported yogurt substitutes, particularly from neighboring countries like Greece and Turkey.
Underlying macroeconomic factors: The Yogurt Substitutes Market in Lebanon is highly influenced by macroeconomic factors such as consumer preferences, changing dietary patterns, and increasing health consciousness. As the country's economy continues to recover from recent political instability, there is a growing demand for affordable and convenient dairy alternatives. This is further fueled by global trends towards plant-based diets and the availability of new and innovative yogurt substitutes in the market. Additionally, government initiatives to promote healthier food choices and the rise in disposable income are also contributing to the growth of the Yogurt Substitutes Market in Lebanon.
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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