Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Northern Africa has experienced negligible growth, influenced by factors such as low consumer awareness and limited availability of substitutes. However, the convenience of online shopping and increasing health consciousness may drive future growth.
Customer preferences: As consumers in Northern Africa become more health-conscious, the demand for plant-based yogurt alternatives is on the rise. This is driven by a growing preference for dairy-free options, as well as cultural and religious considerations. Additionally, the trend towards sustainable and ethical consumption is also influencing purchasing decisions, with more consumers seeking out environmentally friendly and socially responsible products. This has led to an increase in the availability and variety of yogurt substitutes made from ingredients such as soy, coconut, and almond milk.
Trends in the market: In Northern Africa, the market for yogurt substitutes is experiencing a surge in demand due to the region's increasing health consciousness and preference for plant-based products. This trend is expected to continue, with more consumers seeking alternatives to traditional dairy products. As a result, companies are expanding their product portfolios to include yogurt substitutes made from soy, almond, and coconut milk. This shift towards healthier and more sustainable options has significant implications for industry stakeholders, as it presents opportunities for growth and innovation in the market. Additionally, the rise of yogurt substitutes aligns with global trends towards plant-based diets and sustainable food choices, making it a significant development in the ever-evolving food industry.
Local special circumstances: In Northern Africa, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the region's strong cultural preference for plant-based diets, resulting in a high demand for dairy-free alternative products. Additionally, the regulatory environment in many Northern African countries favors local production and limits imports, creating opportunities for domestic companies to thrive. The region's warm climate also presents challenges for traditional dairy production, leading to an increased demand for shelf-stable yogurt substitutes.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as consumer preferences for healthier alternatives, rising health consciousness, and increasing demand for plant-based products. Countries with stable economic growth and high disposable incomes are driving the demand for yogurt substitutes, while regions facing economic challenges and lower consumer spending are experiencing slower market growth. Additionally, the growing trend of veganism and lactose intolerance is also contributing to the expansion 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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