Market Insights Consumer Food Dairy Products & Eggs

Yogurt Substitutes - Europe

Europe

Revenue in the Yogurt Substitutes market amounts to €0.95bn in 2024. The market is expected to grow annually by 6.14% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (€431m in 2024).
In relation to total population figures, per person revenues of €1.12 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 233.80m kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 5.7% in 2025.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.2kg in 2024.

Key regions: Canada, Russia, United States, Japan, United Kingdom

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Analyst Opinion

The Yogurt Substitutes Market in Europe's Dairy Products & Eggs Market is experiencing minimal growth, influenced by factors such as changing consumer preferences and increasing health consciousness. This trend is driven by the convenience and availability of alternative yogurt options in the market.

Customer preferences: As consumers become more health-conscious, there is a growing demand for plant-based yogurt substitutes in Europe. This trend is driven by the increasing popularity of vegan and flexitarian diets, as well as concerns about the environmental impact of dairy production. Additionally, there is a rise in demand for lactose-free options due to the growing prevalence of lactose intolerance. These factors are leading to a shift towards alternative yogurt products made from ingredients such as coconut, almond, and soy milk.

Trends in the market: In Europe, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based options, driven by the increasing popularity of vegan and flexitarian diets. This trend is expected to continue as consumers become more health-conscious and environmentally aware. Additionally, there is a growing demand for lactose-free and allergy-friendly alternatives, as well as innovative flavors and packaging. These trends present opportunities for industry stakeholders to diversify their product offerings and cater to evolving consumer preferences. However, there may also be challenges in terms of sourcing sustainable ingredients and differentiating from traditional dairy products.

Local special circumstances: In Europe, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is influenced by the region's strong focus on health and wellness. The demand for plant-based and dairy-free alternatives is fueled by increasing health consciousness and dietary restrictions. Moreover, stringent regulations on food labeling and animal welfare standards also play a significant role in shaping the market. In countries like Germany and France, the popularity of veganism and lactose intolerance have further accelerated the growth of the yogurt substitutes market.

Underlying macroeconomic factors: The Yogurt Substitutes Market in Europe is influenced by various macroeconomic factors such as changing consumer preferences, increasing health consciousness, and rising demand for dairy-free products. Additionally, the market is also impacted by global economic trends, with the region being one of the largest producers and consumers of dairy products. National economic health and fiscal policies also play a significant role in shaping the market, as they can affect consumer spending power and overall market demand. Other relevant financial indicators, such as inflation rates and exchange rates, can also impact market performance.

Methodology

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.