Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes market in Portugal is experiencing minimal growth, due to factors such as increasing awareness of plant-based options, changing dietary preferences, and the convenience of online shopping. This trend is impacting the market's growth rate.
Customer preferences: As consumers become more health-conscious, there is a growing trend towards plant-based and non-dairy alternatives in the Yogurt Substitutes Market. This is driven by cultural and lifestyle factors, as well as the increasing number of individuals with lactose intolerance or dietary restrictions. Additionally, there is a rising demand for yogurt substitutes made from alternative ingredients, such as coconut milk, almond milk, and soy, catering to the diverse preferences of consumers.
Trends in the market: In Portugal, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based yogurt alternatives, driven by the increasing popularity of vegan and flexitarian diets. This trend is expected to continue as consumers prioritize health and sustainability. Additionally, there is a growing trend towards incorporating functional ingredients, such as probiotics and superfoods, into yogurt substitutes. This presents opportunities for industry stakeholders to innovate and differentiate their products, while also meeting the changing preferences of consumers. However, it may also pose challenges for traditional yogurt manufacturers who may need to adapt to stay relevant in the market.
Local special circumstances: In Portugal, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong cultural tradition of consuming dairy products. This has led to a relatively slower adoption of yogurt substitutes compared to other European markets. Additionally, the country's strict regulations on food labeling and ingredients have also played a role in shaping the market, with consumers prioritizing natural and locally sourced products. These factors create a unique market dynamic that sets it apart from other regions.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Portugal is greatly influenced by macroeconomic factors such as the country's economic stability, government policies, and consumer spending power. As Portugal's economy continues to recover from the effects of the global financial crisis, consumer confidence and spending are gradually increasing, leading to a growing demand for alternative dairy products like yogurt substitutes. Additionally, the rising health consciousness among consumers and the growing trend of vegan and plant-based diets are driving the demand for yogurt substitutes, as they are perceived as healthier options compared to traditional dairy products. Furthermore, the increasing disposable income and changing lifestyles in Portugal are also contributing to the growth of the yogurt substitutes market, as consumers are willing to spend more on premium and niche products.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
