Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Australia & Oceania has shown minimal growth due to factors like saturated market, limited health awareness, and lack of innovation in online services. However, it is expected to pick up pace with a projected growth rate of 2.5% in the coming years.
Customer preferences: As health and wellness continue to be a top priority for consumers in Australia & Oceania, there has been a growing demand for healthier yogurt options. This has led to a rise in popularity of plant-based yogurts, as well as yogurts with added probiotics and functional ingredients. Additionally, there has been a shift towards more sustainable packaging solutions, with consumers opting for eco-friendly options such as glass jars and compostable containers. This trend is driven by a growing awareness of environmental issues and a desire for more environmentally friendly products.
Trends in the market: In Australia & Oceania, the Yogurt 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 awareness of health and environmental benefits of plant-based products. Additionally, there is a growing trend of incorporating probiotics and functional ingredients in yogurt to cater to the health-conscious consumers. These trends are expected to continue, providing opportunities for industry players to innovate and expand their product offerings to meet evolving consumer preferences.
Local special circumstances: In Australia & Oceania, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by the region's large agriculture industry and the increasing demand for healthy, organic products. The market is also driven by the region's strong cultural preference for dairy products and the growing trend towards healthier eating habits. Additionally, regulatory factors, such as strict food safety standards and labeling requirements, play a significant role in shaping the market. These unique factors contribute to the overall growth and development of the Yogurt Market in Australia & Oceania.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Australia & Oceania is influenced by macroeconomic factors such as consumer spending, population growth, and government policies. The region's high disposable income and growing health consciousness are key drivers of the yogurt market. Additionally, government initiatives promoting healthy eating habits and increasing investment in the dairy industry are expected to drive market growth. However, the market may face challenges due to fluctuations in milk prices and competition from alternative dairy-free products. Overall, the region's stable economic conditions and favorable regulatory environment are expected to support the growth of the yogurt market in Australia & Oceania.
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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