Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Taiwan has been experiencing minimal growth, influenced by factors such as consumer preference for traditional dairy products and limited availability of online services. Despite this, the market is slowly expanding due to increasing health consciousness and the introduction of innovative yogurt products.
Customer preferences: As health and wellness continue to be top priorities for consumers, the demand for plant-based yogurt options is on the rise in Taiwan. This trend is fueled by a growing awareness of the health benefits of plant-based diets and a shift towards more sustainable and ethical food choices. Additionally, the popularity of yogurt as a probiotic and gut-friendly food has led to an increase in demand for probiotic-enriched and lactose-free yogurt options. This shift towards healthier and more diverse yogurt options reflects the evolving lifestyle and dietary preferences of Taiwanese consumers.
Trends in the market: In Taiwan, the Yogurt Market is experiencing a trend towards healthier and more diverse yogurt options. This is driven by increasing health consciousness among consumers, especially among younger demographics. As a result, there has been a rise in demand for low-sugar, high-protein, and plant-based yogurt products. In addition, there is a growing popularity of yogurt as a snack or meal replacement, leading to an increase in on-the-go packaging options. These trends are significant for industry stakeholders, as they provide opportunities for product innovation and expansion into new market segments. However, it also poses challenges in terms of competition and meeting consumer expectations for quality and variety. As the trend towards healthier yogurt options continues, companies will need to adapt and evolve to stay competitive in the market.
Local special circumstances: In Taiwan, the Yogurt Market within the Dairy Products & Eggs Market of The Food market is heavily influenced by the country's strong dairy industry and the popularity of traditional yogurt drinks. The market is also driven by the government's promotion of healthy eating habits, leading to the introduction of low-fat and probiotic yogurt options. Additionally, Taiwan's unique climate and geography allow for the production of high-quality dairy products, contributing to the success of the yogurt market. Furthermore, the country's strict food safety regulations give consumers confidence in the quality of locally produced yogurt.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Taiwan is heavily influenced by macroeconomic factors such as consumer spending power, government policies, and global market trends. Rising consumer awareness of health and wellness, coupled with increasing disposable income, has led to a surge in demand for yogurt products in Taiwan. Furthermore, government initiatives promoting a healthy diet and lifestyle have also contributed to the growth of the yogurt market. On a global scale, the increasing popularity of yogurt as a healthy and convenient snack option has further boosted market growth. Additionally, the growing trend of plant-based yogurt alternatives and the increasing availability of lactose-free options have also played a significant role in driving 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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