Yogurt Substitutes - Niger

Niger

Highlights

Revenue in the Yogurt Substitutes market amounts to US$2.56m in 2024. The market is expected to grow annually by 3.62% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$470m in 2024).
In relation to total population figures, per person revenues of US$0.09 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 270.00k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Niger is seeing moderate growth, impacted by factors such as consumer preference for traditional dairy products and limited availability of alternative offerings. This market is expected to see subdued growth in the coming years.

Customer preferences: Shifts in consumer preferences have led to a growing demand for plant-based yogurt substitutes, as individuals seek healthier and more sustainable alternatives to traditional dairy products. This trend is influenced by the increasing popularity of veganism and plant-based diets, as well as concerns over animal welfare and environmental sustainability. As a result, companies are launching more innovative and diverse plant-based yogurt options to cater to this growing market segment.

Trends in the market: In Niger, there is a growing trend of plant-based yogurt substitutes, such as soy, almond, and coconut milk yogurts, as consumers seek healthier and environmentally sustainable options. In the global Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market, this trend is expected to continue, with a projected CAGR of 8.2% from 2021 to 2026. This shift towards plant-based alternatives is driven by increasing health consciousness and rising concerns over animal welfare and climate change. This presents opportunities for industry stakeholders to innovate and expand their product lines to cater to this growing demand for non-dairy yogurt substitutes.

Local special circumstances: In Niger, the Yogurt Substitutes Market is heavily influenced by the local cultural preference for fermented milk products, leading to a high demand for alternative options such as plant-based yogurt substitutes. Additionally, the country's limited dairy production and strict import regulations contribute to a higher price point for yogurt substitutes compared to traditional dairy yogurt. This creates a unique market dynamic, where affordability and availability play a major role in consumer purchasing decisions. Furthermore, the lack of infrastructure and technology in rural areas poses challenges for distribution and marketing, requiring innovative strategies tailored to the local context.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Niger is primarily influenced by macroeconomic factors such as the country's GDP growth, inflation rates, and government policies. The overall economic health of the nation, as well as global economic trends, can significantly impact consumer spending and demand for yogurt substitutes. Additionally, fiscal policies such as taxation and subsidies can affect production costs and ultimately impact market performance. Other relevant financial indicators, such as consumer purchasing power and disposable income, also play a crucial role in shaping the market dynamics. The rise in health-consciousness and the increasing demand for plant-based alternatives are driving the growth of the yogurt substitutes market in Niger.

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.