Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Egypt is experiencing minimal growth due to various factors such as stiff competition, changing consumer preferences, and rising production costs. Despite the convenience offered by online services, the market's growth rate remains low. However, with increasing health awareness and technological advancements, there is potential for future growth.
Customer preferences: Consumers in Egypt are increasingly looking for healthier and more convenient food options, resulting in a growing demand for yogurt in the Dairy Products & Eggs Market within The Food market. This trend is driven by a shift towards healthier eating habits and a growing awareness of the benefits of probiotics. Additionally, with the rise of social media and influencers, there is a growing emphasis on healthy living and wellness, further driving the consumption of yogurt as a nutritious and versatile food choice.
Trends in the market: In Egypt, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for healthier and more natural options. This trend is driven by consumers' increasing awareness of the health benefits of yogurt, such as its probiotic properties and high protein content. As a result, there is a growing number of local and international companies entering the market with innovative and exotic flavors, catering to the diverse tastes of consumers. This trend is expected to continue, with a potential increase in the adoption of yogurt as a meal replacement or snack option. Industry stakeholders should capitalize on this trend by investing in product development and marketing strategies that highlight the health benefits and unique flavors of yogurt.
Local special circumstances: In Egypt, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich agricultural history and its large dairy industry. With a strong tradition of dairy production, Egypt has a steady supply of locally sourced milk, making it a key player in the Yogurt Market. Additionally, the country's cultural preference for fresh and natural food products has driven the demand for locally made yogurt. Strict regulations on food imports have also created a barrier for foreign companies, giving local producers an advantage in the market.
Underlying macroeconomic factors: The Yogurt Market in Egypt is heavily influenced by macroeconomic factors such as the country's economic stability, government policies, and overall consumer spending. As Egypt's economy continues to grow and develop, there is a rise in disposable income and an increase in consumer demand for healthier food options, leading to a growing demand for yogurt. Additionally, the increasing urbanization and modernization in Egypt have also contributed to the market's growth, as more consumers are embracing Western eating habits and incorporating yogurt into their diets. Furthermore, government initiatives to promote the dairy industry and improve food safety standards have also positively impacted the yogurt market in Egypt. Overall, the country's economic progress and favorable regulatory environment have created a conducive market for the growth of the Yogurt Market in Egypt.
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)
