Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Ireland is facing negligible growth, influenced by factors such as consumers' preference for other dairy products and the saturation of the market. Despite increasing health awareness, digital technologies have not been widely adopted in this market.
Customer preferences: As consumers become more health-conscious, there is a growing demand for yogurt products that offer functional benefits such as probiotics and low sugar content. Additionally, there is a noticeable trend towards plant-based yogurts, catering to the increasing number of vegetarians and flexitarians in Ireland. This shift in consumer preferences is also influenced by a rising awareness of the environmental impact of dairy production, prompting a preference for sustainable and ethically sourced ingredients.
Trends in the market: In Ireland, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for plant-based yogurt alternatives, as consumers become more health-conscious and environmentally aware. This trend is expected to continue as the plant-based movement grows in popularity. Additionally, there is a growing demand for yogurt products with added functional benefits, such as probiotics and protein. As a result, industry stakeholders are focusing on developing innovative products to meet these changing consumer preferences and maintain a competitive edge in the market. This trend is likely to have significant implications for the overall dairy industry in Ireland, as well as potential opportunities for new product development and market expansion.
Local special circumstances: In Ireland, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong agricultural sector and its rich dairy farming tradition. This has resulted in a wide variety of high-quality yogurt products being available to consumers. Additionally, Ireland's strict regulatory standards for dairy products ensure the safety and quality of yogurt, making it a trusted choice for consumers. The country's cultural preference for fresh and natural food also drives demand for locally produced yogurt. These unique factors have contributed to the steady growth of the Yogurt Market in Ireland.
Underlying macroeconomic factors: The growth of the Yogurt Market within the Dairy Products & Eggs Market of The Food market in Ireland is influenced by macroeconomic factors such as consumer preferences, health consciousness, and changing dietary habits. The rise in disposable income and the growing trend of healthy eating are driving the demand for yogurt in the country. Additionally, government initiatives promoting the consumption of dairy products and investments in dairy industry infrastructure are further fueling market growth. However, unstable economic conditions and changing consumer purchasing behaviors due to the COVID-19 pandemic may have a negative impact on market performance.
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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