Key regions: Russia, Spain, South Korea, Philippines, United States
The Yogurt Market in Western Asia has been experiencing minimal growth, influenced by factors like changing consumer preferences, increasing health consciousness and convenience of online services. This trend is expected to continue in the coming years.
Customer preferences: The popularity of plant-based diets and the growing health consciousness among consumers have led to an increase in demand for non-dairy yogurt options. This trend is particularly evident in Western Asia, where yogurt has been a staple food for centuries. With the rise of veganism and lactose intolerance, there has been a shift towards plant-based yogurt made from almond, coconut, and soy milk. This trend is also driven by the growing awareness of the environmental impact of dairy production and the desire for more sustainable food options. As a result, the yogurt market in Western Asia is expected to see significant growth in the coming years.
Trends in the market: In Western Asia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based yogurt alternatives. This trend is being driven by the rising awareness of lactose intolerance and the growing popularity of vegan diets. Additionally, there is a shift towards more natural and organic ingredients, with consumers seeking healthier options. This trend is expected to continue, with industry stakeholders investing in research and development to meet the evolving preferences of consumers and capitalize on the growing market for plant-based dairy alternatives.
Local special circumstances: In Western Asia, the Yogurt market is heavily influenced by the region's rich cultural heritage and traditional consumption patterns. Yogurt is a staple food in many countries, such as Turkey and Lebanon, and is often consumed as part of daily meals. Additionally, the hot climate in the region has led to a preference for yogurt as a cooling and refreshing snack. Moreover, regulations promoting the use of locally sourced ingredients have resulted in a strong demand for locally produced and marketed yogurt products. These unique local factors contribute to the dynamic growth of the Yogurt Market in Western Asia, setting it apart from other markets in the Dairy Products & Eggs Market within The Food market.
Underlying macroeconomic factors: The growth of the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by macroeconomic factors such as changing dietary preferences, increasing disposable incomes, and growing health consciousness among consumers. Countries with strong economic growth and rising middle-class populations are driving the demand for yogurt, while countries facing economic challenges may experience slower market growth. Additionally, government initiatives promoting healthy lifestyles and increasing investments in dairy production and distribution are also contributing to the market's growth. The global trend towards plant-based and organic products is also impacting the yogurt market, as consumers seek healthier and more sustainable options.
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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