Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes market in Oman has seen moderate growth due to factors like increasing health consciousness and convenience of online services. However, the overall growth rate remains subdued, influenced by factors such as competition from traditional dairy products and limited availability of substitutes.
Customer preferences: As more individuals become health conscious, there is a growing demand for non-dairy yogurt substitutes in Oman. This trend is driven by the increasing number of consumers adopting plant-based diets and those with dairy allergies or lactose intolerance. Additionally, the rise of health and wellness movements has also led to a demand for healthier and more sustainable alternatives to traditional dairy products. These preferences align with the Omani culture's emphasis on natural and wholesome foods, as well as the country's growing health and wellness market.
Trends in the market: In Oman, the Yogurt Substitutes Market is experiencing a surge in demand for plant-based alternatives, driven by increasing health consciousness and dietary restrictions. This trend is expected to continue, as consumers seek out healthier and sustainable options. Additionally, there is a growing trend of using social media platforms to promote and market these products, providing a wider reach and potential for growth. This shift towards non-dairy alternatives presents opportunities for industry stakeholders to innovate and cater to the changing preferences of consumers.
Local special circumstances: In Oman, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's traditional diet and cultural preferences. Despite the popularity of yogurt in the region, the market for yogurt substitutes is driven by the increasing health consciousness among consumers and the availability of alternatives such as soy and almond-based products. Additionally, the country's strict regulations on dairy imports have also contributed to the growth of the yogurt substitutes market.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Oman is influenced by various macroeconomic factors. The country's stable economic growth, favorable regulatory environment, and growing investments in healthcare infrastructure are driving the demand for yogurt substitutes. Additionally, the rising prevalence of lactose intolerance and the increasing popularity of plant-based diets are also contributing to the growth of the market. Furthermore, the global trend towards healthier food options and a growing awareness of the health benefits of yogurt substitutes are expected to further boost market growth in Oman.
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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