Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Europe is currently experiencing minimal growth due to various factors such as changing consumer preferences and the increasing availability of alternative dairy products. However, the convenience offered by online shopping and the rising health consciousness among consumers are expected to drive market growth in the near future.
Customer preferences: As health and wellness become increasingly important to consumers, the demand for organic and all-natural yogurt products is on the rise. This trend is driven by a growing awareness of the health benefits of probiotics and the desire for clean and transparent ingredient lists. Additionally, with the rise of vegetarian and flexitarian diets, plant-based yogurts are gaining popularity, catering to diverse dietary preferences. This shift towards healthier and more ethical food choices is also reflected in the demand for sustainable packaging options, such as recyclable containers and compostable materials.
Trends in the market: In Europe, there is a growing trend of health-conscious consumers who are turning to yogurt as a source of probiotics and protein. This has led to an increase in demand for yogurt products that cater to specific dietary needs, such as lactose-free, gluten-free, and low-fat options. Furthermore, there is a rising interest in plant-based yogurt alternatives, reflecting the trend towards vegan and flexitarian diets. These developments present opportunities for industry stakeholders to expand their product offerings and capture a larger market share. Additionally, there is a shift towards more sustainable and environmentally-friendly packaging in the yogurt market, which is significant for both consumers and companies in terms of reducing waste and meeting consumer demands. This trend is expected to continue in the coming years, with potential implications for the entire dairy industry in Europe.
Local special circumstances: In Europe, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's strong dairy tradition, as well as its diverse cultural preferences. For example, in France, yogurt is a staple breakfast item, while in Greece, it is a popular dessert. Additionally, the European Union's strict regulations on food safety and labeling have a significant impact on market dynamics, ensuring high-quality products and transparency for consumers. Furthermore, the rise of health-conscious consumers in Europe has led to the demand for organic and plant-based yogurt options, driving innovation and competition in the market.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market in Europe is heavily influenced by macroeconomic factors such as consumer preferences, disposable income, and market saturation. As one of the largest markets for dairy products globally, European countries with strong economic growth and high disposable income levels, such as Germany and France, are experiencing steady growth in the yogurt market. On the other hand, countries with slower economic growth and limited disposable income, such as Greece and Portugal, are facing challenges in market growth due to lower demand. Additionally, increasing health consciousness and the trend towards healthier snacking options are driving the demand for yogurt in Europe.
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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