Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in the EAEU region is currently experiencing subdued growth, impacted by factors such as changing consumer preferences and increasing competition from alternative dairy products. Despite this, the market is still expected to see moderate growth due to the convenience and health benefits offered by yogurt products.
Customer preferences: As the EAEU continues to strengthen trade relations, the Yogurt Market in the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for organic and locally sourced products. This trend is driven by consumers' growing interest in sustainability and health-consciousness, as well as their desire to support local businesses. As a result, yogurt brands are now incorporating transparency and ethical sourcing practices into their marketing strategies to cater to these changing consumer preferences.
Trends in the market: In the EAEU, the Yogurt Market is experiencing a shift towards healthier, organic options as consumers become more health-conscious. This trend is expected to continue, with an increase in demand for plant-based alternatives and probiotic-rich products. In addition, there is a growing focus on sustainability and ethical sourcing in the dairy industry. This trend is significant for industry stakeholders as it presents opportunities for innovation and differentiation, but also poses challenges in terms of production and supply chain management. Overall, the trajectory of these trends indicates a shift towards a more conscious and informed consumer base, with potential implications for the future of the Yogurt Market within the Dairy Products & Eggs Market in The Food market.
Local special circumstances: In the EAEU, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by the region's diverse cultural and geographical factors. For instance, Kazakhstan's nomadic traditions have led to the popularity of traditional fermented dairy products, while Russia's colder climate has increased demand for high-fat yogurt. Furthermore, regulatory policies in each EAEU member state can impact market dynamics, with Armenia and Belarus having stricter regulations for dairy production and import.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is affected by various macroeconomic factors. Global economic trends, such as changes in consumer preferences and increasing health consciousness, have led to a growing demand for healthier food options, including yogurt. The national economic health of a country also plays a significant role in the market performance, with stable economic growth and rising disposable incomes driving the demand for premium yogurt products. Fiscal policies, such as taxes and subsidies, can also impact the market, with government support for the dairy industry contributing to market growth. Other financial indicators, such as inflation rates and exchange rates, can also influence the costs of production and consumer purchasing power, affecting the profitability of the yogurt market. Overall, the Yogurt Market is expected to continue its growth trajectory, driven by favorable macroeconomic conditions and increasing consumer demand for healthier food options.
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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