Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Gabon has seen minimal growth due to various factors, including low consumer health awareness and limited access to digital technologies. Online health services have yet to gain significant traction, hindering the market's expansion.
Customer preferences: Consumers in Gabon are increasingly seeking healthy and convenient on-the-go snacks, leading to a rise in demand for yogurt as a nutritious and portable option. This trend is driven by the country's growing urban population and busy lifestyles. Additionally, there has been a shift towards probiotic and plant-based options as consumers become more health-conscious. This is also influenced by the country's cultural preferences for natural and locally sourced products.
Trends in the market: In Gabon, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based yogurt products. This trend is driven by the increasing health consciousness among consumers and the growing trend of vegan and vegetarian diets. As a result, major players in the industry are investing in research and development to expand their product offerings and cater to this growing segment. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into this market and meet the evolving consumer preferences.
Local special circumstances: In Gabon, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's unique geographical and cultural factors. With its dense rainforests and lack of dairy production, Gabon heavily relies on imported dairy products, including yogurt. This makes the market highly dependent on international trade and vulnerable to fluctuations in global prices. Additionally, the country's preference for fresh, locally-sourced foods poses a challenge for yogurt manufacturers, who must navigate strict regulations and cultural norms surrounding food production and packaging. These factors heavily impact the dynamics of the yogurt market in Gabon, making it distinct from other markets.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Gabon is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. Gabon's strong economic growth, stable political climate, and favorable investment climate have contributed to a growing demand for dairy products, including yogurt. In addition, the country's growing middle class and increasing health consciousness among consumers have also fueled the demand for healthier food options, further driving the growth of the yogurt market. However, challenges such as high import tariffs and limited domestic production of dairy products may hinder market growth in Gabon.
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)
