Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Malta has seen slight growth due to factors like increasing demand for healthy food options and convenient delivery services. However, the growth rate remains negligible due to market saturation and competition from other dairy products.
Customer preferences: With the rise of health-conscious consumers, the demand for organic and all-natural yogurt has increased in Malta's Dairy Products & Eggs Market. This trend is driven by a growing awareness of the benefits of probiotics and the desire for clean label options. Additionally, the popularity of plant-based diets has led to a rise in demand for non-dairy yogurt alternatives, catering to the preferences of vegan and lactose-intolerant consumers. These shifts in consumer preferences are also influenced by a shift towards healthier and more sustainable lifestyles, as individuals become more mindful of their food choices.
Trends in the market: In Malta, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based yogurt alternatives, such as coconut and almond yogurt. This trend is driven by increasing health consciousness and dietary restrictions, as well as the rising popularity of vegan and vegetarian lifestyles. As a result, major yogurt brands are expanding their product offerings to include non-dairy options, in order to cater to this growing market segment. This trajectory has significant implications for industry stakeholders, as it presents a lucrative opportunity for growth and innovation in the yogurt market. Additionally, it reflects a broader shift towards plant-based and sustainable food choices, which may have long-term implications for the dairy industry as a whole.
Local special circumstances: In Malta, the yogurt market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the Mediterranean diet, which places a strong emphasis on consuming fresh dairy products. Additionally, the country's small size and close proximity to other European countries allows for easy transportation and distribution of dairy products. Furthermore, Malta's strict regulations on food safety and quality ensure that only high-quality yogurt products are available in the market, creating a sense of trust and reliability among consumers. These unique factors contribute to the stability and growth of the yogurt market in Malta.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Malta is influenced by various macroeconomic factors. The global trends in dairy consumption, as well as the national economic health of Malta, play a significant role in shaping the market. Fiscal policies such as subsidies and taxes also impact the demand for yogurt products. Additionally, consumer preferences for healthy and convenient food options, along with the growing trend of veganism, are driving the growth of the yogurt market in Malta. Furthermore, the government's initiatives to promote the dairy industry and support local production are expected to contribute to the market's growth.
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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