Yogurt Substitutes - Northern Europe

Northern Europe

Highlights

Revenue in the Yogurt Substitutes market amounts to US$74.50m in 2024. The market is expected to grow annually by 7.46% (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$2.20 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 13.05m kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 6.3% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Northern Europe is slowly growing due to factors such as consumer demand for healthier options and the convenience of online shopping. However, this growth is minimal as the market is still in its early stages and faces competition from traditional yogurt products.

Customer preferences: In Northern Europe, there is a growing trend towards plant-based diets, leading to a rise in demand for non-dairy alternatives like yogurt substitutes. This shift is fueled by increasing health consciousness and environmental concerns. Additionally, the popularity of veganism and lactose intolerance is also contributing to the growth of the yogurt substitutes market. As a result, we can expect to see a continued increase in the variety and availability of dairy-free options in the region.

Trends in the market: In Northern Europe, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for plant-based alternatives, with consumers becoming more health-conscious and environmentally aware. In response, market players are introducing a variety of non-dairy yogurts made from soy, coconut, almond, and other plant-based ingredients. This trend is expected to continue, with the market projected to grow at a CAGR of 10.4% from 2020 to 2025. As more consumers shift towards plant-based options, it presents an opportunity for industry stakeholders to diversify their product offerings and cater to evolving consumer preferences. Additionally, this trend has implications for dairy farmers and suppliers, who may need to adapt to the changing demand for traditional dairy products.

Local special circumstances: In Northern Europe, the market for yogurt substitutes is heavily influenced by the region's strong emphasis on health and wellness. This has led to a growing demand for plant-based alternatives to traditional dairy products. Additionally, strict regulations on food labeling and ingredients have resulted in a highly competitive market with a focus on clean and natural products. Furthermore, the region's high level of dairy consumption and strong dairy industry have also shaped the market for yogurt substitutes, with many consumers seeking out similar taste and texture profiles in their non-dairy options.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Northern Europe is influenced by macroeconomic factors such as consumer preferences for healthier and more sustainable food options, government initiatives promoting plant-based diets, and increasing awareness of lactose intolerance and dairy allergies. Additionally, the growing trend of veganism and flexitarianism in the region is also driving the demand for yogurt substitutes made from plant-based ingredients. These factors are expected to continue to support the growth of the market in the coming years.

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.