Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in South Africa has seen minimal growth, influenced by factors such as low consumer awareness and limited availability of substitutes. However, with the increasing trend towards plant-based diets, the market is expected to experience significant growth in the coming years.
Customer preferences: With the rise of health-conscious consumers in South Africa, the demand for plant-based yogurt substitutes has increased. This trend is driven by the growing number of consumers following vegetarian or vegan diets, as well as those with lactose intolerance. Moreover, the trend towards clean eating and avoiding artificial additives has also contributed to the popularity of yogurt substitutes made from natural ingredients such as coconut, almond, or soy milk.
Trends in the market: In South Africa, the Yogurt Substitutes Market within the Dairy Products & Eggs Market of The Food market is experiencing a rise in demand for plant-based alternatives, driven by the growing trend of vegetarian and vegan diets. This has led to a surge in the availability of non-dairy yogurt substitutes, such as soy, almond, and coconut-based options. Additionally, there is a shift towards healthier options, with the use of natural and organic ingredients in these substitutes. This trend is expected to continue, with potential implications for traditional dairy companies to diversify their product offerings and cater to changing consumer preferences.
Local special circumstances: In South Africa, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is influenced by the country's diverse cultural landscape. With a large population of lactose-intolerant individuals, there is a high demand for dairy-free alternatives, such as soy, almond, and coconut yogurt. Additionally, the country's strict regulations on dairy production and labeling have spurred the growth of plant-based yogurt options. These unique factors have contributed to the evolving landscape of the Yogurt Substitutes Market in South Africa.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in South Africa is significantly influenced by macroeconomic factors such as the country's economic health, government policies, and global economic trends. With the country experiencing economic growth and favorable regulatory environments, the market is expected to witness steady growth. Additionally, the rising prevalence of health-conscious consumers and the increasing adoption of vegan diets are also contributing to the demand for yogurt substitutes in South Africa. Furthermore, the growing middle class and their increasing disposable incomes are also driving the demand for healthier and more affordable food options, further boosting the growth of the 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.
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)
