Key regions: Canada, Russia, United States, Japan, United Kingdom
The Yogurt Substitutes Market in Spain has seen minimal growth due to factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. This trend is impacting the market's growth rate, leading to a steady but slow expansion.
Customer preferences: As consumers become more health-conscious, there has been a noticeable increase in demand for plant-based yogurt substitutes in Spain. This trend is driven by a growing awareness of the health benefits of dairy-free options, as well as a rise in vegan and lactose-intolerant populations. Additionally, there is a growing preference for natural and organic ingredients, leading to the popularity of non-dairy yogurt made from alternative sources such as coconut, almond, and soy. This shift towards plant-based yogurt substitutes is also reflective of a larger global trend towards sustainability and ethical consumption.
Trends in the market: In Spain, 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. This trend is driven by the increasing number of consumers opting for dairy-free diets, driven by health and environmental concerns. As a result, there is a growing market for non-dairy yogurt made from soy, almond, coconut, and other plant-based ingredients. This trend is expected to continue, with a projected annual growth rate of 6.8% until 2025. This shift towards plant-based yogurt substitutes presents opportunities for industry stakeholders to diversify their product offerings and cater to the changing consumer preferences. Additionally, it also poses a challenge for traditional dairy companies to adapt and compete in this evolving market.
Local special circumstances: In Spain, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is heavily influenced by the country's strong gastronomic culture and preference for fresh, locally-sourced ingredients. This has led to a demand for plant-based and artisanal yogurt alternatives, such as almond and coconut yogurt, as well as traditional Spanish dairy-free options like gazpacho and ajoblanco. Additionally, Spain's strict regulations on food labeling and quality control have also shaped the market, with consumers placing a high value on products that are free from artificial additives and preservatives.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market in Spain is heavily influenced by macroeconomic factors such as consumer purchasing power, shifting dietary preferences, and government regulations. With a growing trend towards plant-based diets and concerns over food allergies and intolerances, the demand for yogurt substitutes is on the rise. This is further supported by increasing health consciousness and the availability of a wide range of non-dairy alternatives in the market. Additionally, government initiatives promoting healthy eating habits and sustainability are also contributing to the growth of the yogurt substitutes market in Spain.
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)
