Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in the United Kingdom has seen minimal growth due to factors such as saturation in the market, consumer preference for healthier alternatives, and the impact of COVID-19 on the dairy industry. Despite this, the convenience and health benefits of yogurt continue to drive consumer demand.
Customer preferences: As consumers in the United Kingdom become more health-conscious, there has been a notable increase in demand for plant-based and organic yogurt options. This trend is influenced by a growing interest in sustainable and ethical food choices, as well as a desire for healthier, natural products. In addition, the rise in lactose intolerance and dairy allergies has also contributed to the popularity of non-dairy yogurt alternatives. This shift towards alternative yogurt options reflects a larger trend towards conscious consumption and a preference for clean, transparent labeling in the dairy market.
Trends in the market: In the United Kingdom, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for Greek yogurt, as consumers seek healthier alternatives to traditional dairy products. This trend is expected to continue as consumers become more health-conscious and seek out protein-rich options. Additionally, there is a growing trend towards plant-based yogurt options, catering to the increasing number of vegetarians and vegans in the UK. These trends have significant implications for industry stakeholders, such as dairy farmers and yogurt manufacturers, who may need to adapt their production processes and offerings to meet changing consumer preferences.
Local special circumstances: In the United Kingdom, the Yogurt market is heavily influenced by the country's strong dairy industry and its cultural preference for dairy products. Additionally, the government's strict regulations on food labeling and production have shaped the market dynamics, leading to a high demand for organic and natural yogurt options. Furthermore, the country's diverse population, with a significant portion following vegetarian or vegan diets, has also contributed to the demand for alternative yogurt options made from plant-based milks such as almond, coconut, or soy.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in the United Kingdom is influenced by macroeconomic factors such as consumer spending, population demographics, and government policies. The UK has a strong economy with high consumer spending and a growing population, which drives demand for dairy products such as yogurt. Additionally, government policies promoting healthy eating and sustainable agriculture have also contributed to the growth of the yogurt market in the UK. However, uncertainties surrounding Brexit and potential changes in trade and immigration policies could impact the market in the future.
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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