Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Lebanon has seen subdued growth, impacted by factors such as economic instability, fluctuating milk prices, and competition from other dairy products. However, the convenience and health benefits of yogurt continue to drive its adoption among consumers, leading to slow but steady growth in the Digital Health market.
Customer preferences: With a growing focus on health and wellness, consumers in Lebanon are increasingly turning to yogurt as a nutritious and versatile food option. This trend is driven by a desire for healthier snack alternatives and a rise in lactose intolerance, leading to a shift away from traditional dairy products. Additionally, the popularity of Mediterranean cuisine has contributed to the rise of yogurt consumption in Lebanon, as it is a key ingredient in many dishes.
Trends in the market: In Lebanon, the Yogurt Market within the Dairy Products & Eggs Market is experiencing a surge in demand for organic and plant-based yogurt. This trend is driven by consumers' increasing focus on healthy and sustainable food options. Additionally, there is a growing interest in yogurt as a versatile ingredient in various dishes, leading to an expansion of product offerings in the market. Industry stakeholders should capitalize on these trends by investing in innovative product development and marketing strategies to cater to the evolving consumer preferences. Moreover, stakeholders should also consider forming partnerships with local dairy farms to ensure a steady supply of high-quality ingredients for their products.
Local special circumstances: In Lebanon, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich agricultural heritage and strong dairy industry. The market is also shaped by cultural factors, as yogurt is a staple in Lebanese cuisine and is included in many traditional dishes. Additionally, regulatory circumstances play a role in the market, with government initiatives promoting the consumption of dairy products for their nutritional benefits. These unique local factors contribute to the strong demand for yogurt in Lebanon and drive market dynamics.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Lebanon is influenced by various macroeconomic factors. Global economic trends, such as changing consumer preferences towards healthier food options, have led to a rise in demand for yogurt products. Additionally, the national economic health of Lebanon, with a growing middle class and increasing disposable income, has boosted the purchasing power of consumers and their ability to spend on premium dairy products like yogurt. Fiscal policies, such as subsidies for dairy farmers and investments in dairy production, have also contributed to the growth of the market. Furthermore, the country's favorable climate and natural resources for dairy farming have supported the production of high-quality milk, which is a key ingredient in yogurt production.
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)
