Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Suriname has shown minimal growth due to factors such as limited consumer awareness and competition from traditional dairy products. However, the convenience of online purchasing and increasing health consciousness may drive future growth.
Customer preferences: Consumers in Suriname are increasingly gravitating towards lactose-free and plant-based yogurt options, driven by health and wellness trends. This is particularly evident among the younger generation, who are more health-conscious and environmentally aware. Additionally, there is a growing demand for yogurt with functional benefits, such as probiotics and added vitamins, as consumers prioritize products that support their overall well-being. This trend is also influenced by a shift towards healthier snacking options and a desire for convenient, on-the-go products.
Trends in the market: In Suriname, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based yogurt options, driven by an increasing focus on health and wellness. This trend is expected to continue as consumers become more health-conscious and seek out alternatives to traditional dairy products. Additionally, there is a growing trend of incorporating yogurt into savory dishes and using it as a substitute for cream, butter, and mayonnaise, further driving the market's growth. This presents an opportunity for industry stakeholders to expand their product offerings and cater to the evolving consumer preferences in Suriname.
Local special circumstances: In Suriname, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's tropical climate and diverse cultural influences. The demand for yogurt is driven by the popularity of traditional Surinamese dishes that incorporate yogurt, such as pom and pastei. Additionally, the country's strict regulations on dairy imports have led to a reliance on local dairy production, making the yogurt market a significant contributor to the overall dairy market in Suriname.
Underlying macroeconomic factors: The Yogurt Market within the Dairy Products & Eggs Market in Suriname is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's stable economic growth, low inflation rates, and favorable investment climate contribute to the overall growth of the market. Furthermore, the increasing health consciousness among consumers and the growing demand for healthier food options are driving the demand for yogurt in Suriname. The government's initiatives to promote dairy farming and support local producers also play a significant role in the market's growth. Additionally, the rising disposable income of the population and the increasing urbanization in Suriname are expected to fuel the demand for yogurt in the coming years.
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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