Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt market in New Zealand has seen minimal growth, affected by factors such as stagnant consumer health awareness and slower adoption of digital technologies. Despite the convenience of online services, the market's growth rate remains low.
Customer preferences: As health and wellness becomes a growing priority among consumers, there has been a noticeable shift towards healthier food choices, including yogurt. This trend is driven by a growing emphasis on natural and organic products, as well as an increasing demand for plant-based options. Additionally, the rise of flexitarianism and vegetarianism has also contributed to the growth of the dairy-free yogurt market in New Zealand. This reflects a cultural shift towards more sustainable and ethical food choices, as well as a desire for diverse and innovative food options.
Trends in the market: In New Zealand, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a trend towards healthier options, with a focus on natural and organic ingredients. This is driven by consumer demand for healthier food choices and a growing interest in sustainability and ethical sourcing. As a result, there has been an increase in the availability of plant-based and lactose-free yogurts, as well as innovative flavors and packaging. This trend is expected to continue, as consumers become more health-conscious and informed about their food choices. Industry stakeholders should take note of these trends and adapt their products and marketing strategies to cater to this growing demand for healthier and more sustainable options.
Local special circumstances: In New Zealand, the Yogurt Market within the Dairy Products & Eggs Market is heavily influenced by the country's strong agricultural sector and its reputation for high-quality dairy products. The market is also shaped by the country's unique geography, with its isolated location and temperate climate providing ideal conditions for dairy farming. Additionally, New Zealand has strict regulations for dairy production, ensuring the safety and quality of its products. These factors contribute to the country's strong reputation for premium dairy products, driving the growth of the Yogurt Market in New Zealand.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in New Zealand is primarily influenced by the macroeconomic factors of global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's strong economic growth, stable political environment, and favorable investment climate have contributed to the steady growth of the Yogurt Market. Additionally, the increasing health consciousness and changing dietary preferences of the population have resulted in a higher demand for healthier food options, including yogurt. Furthermore, government initiatives to promote domestic dairy production and exports have also positively impacted the market's growth. However, factors such as fluctuating milk prices, supply chain disruptions, and changing consumer behavior due to the COVID-19 pandemic could potentially hinder market 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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