Market Insights Consumer Food Dairy Products & Eggs

Yogurt Substitutes - Gambia

Gambia

Revenue in the Yogurt Substitutes market amounts to €259.10k in 2024. The market is expected to grow annually by 6.18% (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 €0.09 are generated in 2024.
In the Yogurt Substitutes market, volume is expected to amount to 31.71k kg by 2029. The Yogurt Substitutes market is expected to show a volume growth of 4.1% in 2025.
The average volume per person in the Yogurt Substitutes market is expected to amount to 0.0kg in 2024.

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

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Comparación de regiones

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Analyst Opinion

The Yogurt Substitutes market in Gambia is seeing minimal growth due to factors like consumer preference for traditional dairy products and lack of awareness about alternatives. However, increasing health consciousness and convenience of online shopping may drive future growth.

Customer preferences: In Gambia, there is a growing trend towards plant-based diets, particularly among younger generations. This has led to an increase in demand for dairy-free yogurt substitutes, such as coconut, almond, and soy-based alternatives. The rise in health-consciousness and concerns about lactose intolerance are driving this shift towards non-dairy options. Additionally, the cultural influence of vegetarianism and veganism is also playing a role in the growing popularity of yogurt substitutes in the country.

Trends in the market: In Gambia, there is a growing demand for plant-based alternatives to traditional dairy products, including yogurt substitutes. This trend is driven by the rise of vegan and lactose-intolerant consumers, as well as the increasing availability of non-dairy options in the market. In addition, there is a growing interest in probiotic-rich products, which is fueling the development of dairy-free yogurt substitutes. This trend is not limited to Gambia, as many countries are also witnessing a surge in demand for plant-based and probiotic products. As a result, industry stakeholders in the Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market should focus on expanding their offerings to cater to this growing trend, in order to stay competitive and meet the changing needs of consumers.

Local special circumstances: In Gambia, the Yogurt Substitutes Market within the Dairy Products & Eggs Market is influenced by the country's geographical location, with limited access to fresh dairy products. This has led to a rise in local alternatives, such as fermented milk and peanut milk, which are popular among the local population. Additionally, cultural preferences for plant-based diets and government regulations on dairy production also play a significant role in shaping the market dynamics. These factors create a unique market landscape that distinguishes Gambia from other markets in the region, highlighting the need for tailored marketing and product strategies in this market.

Underlying macroeconomic factors: The Yogurt Substitutes Market of the Dairy Products & Eggs Market within The Food market is impacted by macroeconomic factors such as changing consumer preferences, government regulations, and economic conditions. Countries with favorable economic conditions and a growing demand for alternative dairy products are experiencing significant market growth. Additionally, the rising trend of veganism and lactose intolerance among consumers is driving the demand for yogurt substitutes, further fueling market growth. However, regions with limited consumer awareness and purchasing power may experience slower market growth. Moreover, government initiatives promoting healthy food options and sustainable agriculture practices are also positively influencing 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.