Key regions: Russia, Spain, South Korea, Philippines, United States
Over the past few years, the Yogurt Market in Northern Africa has seen minimal growth, influenced by factors such as consumer preference for traditional dairy products, limited access to digital technologies, and low health awareness. However, the convenience of online yogurt services may drive future growth.
Customer preferences: As consumers become more health-conscious, there is a growing demand for yogurt made from plant-based milk, such as almond or coconut milk. This trend is influenced by a shift towards plant-based diets and an increasing number of individuals with lactose intolerance. Additionally, consumers are also looking for yogurt with added probiotics, as gut health continues to gain importance in overall well-being. This has resulted in a surge in the production and availability of dairy-free and probiotic-rich yogurt options in the market.
Trends in the market: In Northern Africa, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based yogurt alternatives, driven by the increasing popularity of vegan and dairy-free diets. This trend is expected to continue as consumers become more health-conscious and environmentally aware. Additionally, there is a growing demand for functional yogurt products, such as probiotic and high-protein options. These trends present opportunities for industry stakeholders to diversify their product offerings and tap into new consumer segments. However, competition is intensifying as more companies enter the market, making it essential for stakeholders to innovate and differentiate their offerings to stay ahead.
Local special circumstances: In Northern Africa, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's cultural preferences and dietary habits. Yogurt is a staple food in many Northern African countries, and its production is deeply rooted in traditional methods and recipes. Additionally, strict regulations on dairy production and labeling also play a significant role in shaping the market. Unlike other markets, Northern Africa has a strong preference for locally produced and organic yogurt, leading to a surge in demand for artisanal and small-scale producers.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Northern Africa is impacted by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, the economic stability of the country and its ability to attract foreign investments can significantly impact the growth of the yogurt market. Moreover, consumer spending patterns, inflation rates, and currency exchange rates also play a crucial role in shaping the market. Additionally, the rising health consciousness among consumers and the increasing demand for healthy and nutritious food options are driving the growth of the yogurt market in Northern Africa.
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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