Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Australia is facing negligible growth, due to various factors such as changing consumer preferences, increasing competition, and limited innovation. Despite the convenience of online sales, the market is struggling to see significant growth.
Customer preferences: Consumers in Australia are gravitating towards healthier and more sustainable food options, leading to a surge in demand for plant-based yogurt alternatives. This trend is driven by a growing awareness of the environmental impact of dairy production and a desire for more ethical and nutritious choices. Additionally, the rise of flexitarian and vegan lifestyles in the country has also contributed to the increasing popularity of non-dairy yogurt options.
Trends in the market: In Australia, the Yogurt market within the Dairy Products & Eggs Market of The Food market is seeing a surge in demand for plant-based and lactose-free options. This trend is driven by the increasing health consciousness of consumers and the rise of veganism. As a result, companies are launching new products to cater to this demand, such as almond milk yogurt and coconut milk yogurt. This trend is expected to continue as more consumers are seeking healthier and more sustainable food choices. Industry stakeholders should closely monitor this trend and adapt their product offerings to meet the changing consumer preferences.
Local special circumstances: In Australia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's health-conscious culture. Consumers are increasingly seeking out healthier options, leading to a rise in demand for low-fat and probiotic yogurts. Additionally, the country's strict regulations on dairy products ensure high-quality products, giving consumers confidence in the safety and nutritional value of Australian yogurts. This unique regulatory environment, combined with the country's abundance of high-quality dairy farms, sets the Australian Yogurt Market apart from others in the region.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Australia is impacted by various macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, the increasing health consciousness among consumers and the growing demand for healthy and convenient food options have driven the growth of the Australian yogurt market. Additionally, government initiatives to promote dairy consumption and investments in dairy production have also contributed to the market's growth. Moreover, the stability of the Australian economy and the favorable regulatory environment for dairy products have further supported the market's expansion. However, the rising competition from alternative plant-based products and fluctuations in milk prices could potentially hinder the market's growth in the future.
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)
