Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Mauritius has been experiencing minimal growth due to factors such as low consumer awareness and limited availability of substitute products. This has affected the market's growth rate, despite the increasing trend towards healthier food alternatives in the country.
Customer preferences: Consumers in Mauritius are showing a growing preference for plant-based yogurt substitutes due to increasing awareness about health and environmental concerns. This trend is fueled by the country's large vegetarian and vegan population, as well as the global rise of flexitarianism. As a result, dairy-free yogurt options made from coconut, almond, and soy milk are gaining popularity. Additionally, the demand for lactose-free products is also on the rise, catering to individuals with lactose intolerance.
Trends in the market: In Mauritius, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a shift towards plant-based options, driven by the increasing demand for healthier and more sustainable food choices. This trend is expected to continue, with consumers becoming more health-conscious and environmentally aware. As a result, industry stakeholders are investing in research and development of new dairy-free alternatives, such as coconut, almond, and soy-based yogurts. This could potentially lead to a decrease in demand for traditional dairy products and a rise in market competition among dairy substitutes. Additionally, the rise of e-commerce and online grocery shopping is making it easier for consumers to access a wider variety of yogurt substitutes, further driving market growth.
Local special circumstances: In Mauritius, the demand for yogurt substitutes is driven by the growing health consciousness and the increasing popularity of vegan diets. Due to the small size of the island and its limited agricultural resources, dairy production is not as prevalent as in other markets. This has led to a higher demand for plant-based alternatives, such as soy, almond, and coconut yogurt, in the Dairy Products & Eggs Market. Additionally, the country's diverse cultural background has created a demand for ethnic flavors, such as mango and passion fruit, in the Yogurt Substitutes Market. Furthermore, the government's promotion of a healthy lifestyle and the presence of a large expatriate population have also contributed to the growth of this market.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Mauritius is heavily impacted by macroeconomic factors such as the country's economic health, global economic trends, fiscal policies, and other financial indicators. The market is greatly influenced by the overall economic performance of the country, including its GDP growth, inflation rates, and consumer spending patterns. In addition, the market is also impacted by global economic trends, such as trade policies, exchange rates, and commodity prices. Fiscal policies, such as taxes and subsidies, also play a key role in shaping the market, along with other relevant financial indicators like interest rates and credit availability. These factors collectively influence the demand, supply, and pricing dynamics of the Yogurt Substitutes Market in Mauritius.
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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