Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Ethiopia is experiencing minimal growth due to factors such as low consumer awareness, limited access to digital technologies, and lack of convenience in online health services. Despite being part of the rapidly growing Dairy Products & Eggs Market, the Yogurt Market is hindered by these challenges.
Customer preferences: Increasing health consciousness and the rise of veganism among younger generations have led to a growing demand for plant-based yogurt. This trend is further driven by the availability of a variety of flavors and packaging options, catering to the preferences of health-conscious consumers. Additionally, the growing prevalence of lactose intolerance has also contributed to the popularity of non-dairy yogurt alternatives, such as coconut, almond, and soy-based options.
Trends in the market: In Ethiopia, there is a growing trend of incorporating traditional dairy products, such as yogurt, into modern diets. This has led to increased demand for high-quality, locally produced yogurt. At the same time, there is a push for more sustainable and ethical practices in the dairy industry, with consumers seeking out products from small-scale, organic producers. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for improved supply chain management. Additionally, there is a growing interest in incorporating dairy alternatives, such as plant-based yogurts, into the market, which could further impact the trajectory of traditional dairy products.
Local special circumstances: In Ethiopia, the Yogurt Market within the Dairy Products & Eggs Market is heavily influenced by the country's strong agricultural sector and traditional dairy culture. The majority of yogurt production is carried out by small-scale farmers using local ingredients and techniques, creating a unique and authentic product. Additionally, the government's focus on promoting dairy farming and improving infrastructure has led to a steady increase in production and consumption of yogurt. This, combined with the growing health consciousness among consumers, has created a strong demand for locally-sourced, healthy yogurt options, making it a promising market for both domestic and international players.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Ethiopia is heavily impacted by macroeconomic factors. The country's economic health and fiscal policies, as well as global economic trends, have a significant influence on the performance of the market. For instance, favorable economic conditions, such as high consumer purchasing power and increasing disposable income, can drive the demand for yogurt products. On the other hand, economic downturns and volatile exchange rates can negatively affect consumer spending and, consequently, the market. Additionally, government policies and regulations related to food safety and quality standards can also impact market growth and competitiveness. Overall, the country's macroeconomic factors play a crucial role in shaping the dynamics of the Yogurt Market in Ethiopia.
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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