Yogurt Substitutes - Togo

Togo

Highlights

Revenue in the Yogurt Substitutes market amounts to US$918.20k in 2024. The market is expected to grow annually by 4.28% (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$0.10 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 99.14k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Yogurt Substitutes Market in Togo has shown minimal growth, influenced by factors such as limited consumer awareness and availability of substitutes. However, with increasing health consciousness and convenience of alternative options, the market is expected to experience gradual growth in the coming years.

Customer preferences: As consumers become more health-conscious, the demand for dairy-free alternatives is on the rise, with yogurt substitutes being a popular choice. This trend is driven by the increasing number of individuals adopting vegan and plant-based diets, as well as the growing awareness of lactose intolerance and dairy allergies. Additionally, the convenience and availability of alternative yogurt options, such as almond, coconut, and soy-based yogurt, are also contributing to the market growth.

Trends in the market: In Togo, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for plant-based alternatives, such as soy and almond milk yogurts. This trend is driven by increasing health consciousness, environmental concerns, and dietary restrictions. Industry experts predict that this trend will continue to grow in the coming years, with more consumers opting for non-dairy options. This presents a significant opportunity for industry stakeholders to diversify their product offerings and cater to a wider consumer base. Additionally, this trend could also lead to increased competition and innovation in the market as companies strive to meet the evolving needs of consumers.

Local special circumstances: In Togo, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's limited dairy production and high import costs. This has led to a demand for locally produced non-dairy alternatives, such as soy or coconut milk-based yogurt. Additionally, cultural preferences for fermented foods have also driven the growth of traditional substitutes like "dèguè," a fermented corn-based drink. These factors have created a unique market dynamic, with a focus on affordability and local availability rather than international brands.

Underlying macroeconomic factors: The Yogurt Substitutes Market in Togo is affected by various macroeconomic factors, such as the country's economic stability and growth, government policies, and global market trends. Togo's growing economy and stable political climate have contributed to the steady growth of The Food market, including the Dairy Products & Eggs Market. Furthermore, the government's initiatives to promote local production and reduce import dependence have also positively impacted the market. Additionally, the rising health consciousness among consumers and the increasing demand for dairy alternatives due to lactose intolerance and veganism have also influenced the growth of the Yogurt Substitutes Market in Togo. Moreover, the country's strategic location and trade agreements with neighboring countries have facilitated the export of dairy products, further boosting the market's growth. Overall, Togo's favorable macroeconomic factors have created a conducive environment for the growth of the Yogurt Substitutes Market in the Dairy Products & Eggs Market within The Food 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.