Key regions: Canada, Russia, United States, Japan, United Kingdom
In Western Africa, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing negligible growth due to factors such as limited availability and low consumer awareness. Despite the convenience offered by online health services, the market is impacted by low adoption of digital technologies and limited health awareness among consumers.
Customer preferences: As consumers in Western Africa become more health-conscious, there has been a noticeable increase in demand for alternative yogurt options, such as plant-based yogurts and dairy-free options. This trend is driven by a growing preference for vegan and dairy-free diets, as well as concerns about lactose intolerance and allergies. Additionally, there has been a rise in popularity of locally-sourced and traditional African ingredients used in yogurt substitutes, reflecting a cultural shift towards embracing indigenous foods. These factors have led to a diversification of the yogurt substitutes market in Western Africa.
Trends in the market: In Western Africa, the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for plant-based options, driven by health and sustainability concerns. This trend is expected to continue as more consumers adopt flexitarian and vegan diets. Additionally, there is a growing demand for lactose-free options, as lactose intolerance is prevalent in the region. This presents an opportunity for industry stakeholders to invest in research and development, and expand their product offerings to cater to these trends.
Local special circumstances: In Western Africa, the Yogurt Substitutes market is shaped by the region's strong reliance on traditional dairy products, such as fermented milk and buttermilk, as well as its diverse cultural and dietary preferences. The market is further influenced by the lack of infrastructure for refrigeration and distribution, leading to a high demand for shelf-stable yogurt substitutes. Additionally, regulatory barriers, such as import restrictions and varying food safety standards, impact the availability and pricing of yogurt substitutes in this market.
Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is impacted by macroeconomic factors such as changing consumer preferences, rising health consciousness, and increasing awareness about lactose intolerance. In addition, the market is affected by global economic trends, national economic health, and fiscal policies that impact the purchasing power of consumers. Countries with stable economies and favorable regulatory environments are experiencing higher demand for yogurt substitutes, while regions with economic challenges and limited government support for the food industry are witnessing slower market growth. Moreover, the growing trend of veganism and the rising prevalence of dairy allergies are driving the demand for yogurt substitutes as a healthier and more sustainable alternative to traditional yogurt.
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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