Yogurt - Angola | Statista Market Forecast

Revenue in the Yogurt market amounts to US$97.08m in 2024. The market is expected to grow annually by 11.94% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$46bn in 2024).
In relation to total population figures, per person revenues of US$2.57 are generated in 2024.
In the Yogurt market, volume is expected to amount to 66.69m kg by 2029. The Yogurt market is expected to show a volume growth of 4.1% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 1.4kg in 2024.

Definition:

The Yogurt market covers products that are created by allowing bacteria to convert lactose found in milk into lactic acid resulting in a thickened, sour-tasting dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Natural/plain yogurt
Flavored yogurt (e.g. Vanilla yogurt, fruit-flavored yogurt)
Greek yogurt
Whole milk yogurt, low-fat yogurt, non-fat yogurt
Probiotic yogurt, lactose-free yogurt

Milk
Cream cheese
Cheese
Curdled milk
Butter milk
Yogurt drinks
Out-of-home consumption

The Yogurt Market in Angola is facing subdued growth due to factors such as lack of awareness among consumers, limited infrastructure, and low purchasing power. Despite this, the market is expected to experience growth driven by increasing demand for healthier food options and the introduction of new product varieties. The Dairy Products & Eggs Market within The Food market is also expected to benefit from this trend.

Customer preferences: Consumers in Angola are increasingly demanding healthier and more diverse yogurt options, as they become more health-conscious and embrace Western eating habits. This has led to a rise in popularity of yogurt drinks and Greek-style yogurt, as well as an increase in plant-based and low-sugar alternatives. The growing middle class and urbanization also play a role, with consumers seeking convenience and on-the-go snacks. Additionally, there is a trend towards locally-sourced and organic yogurts, as consumers prioritize sustainability and ethical sourcing.

Trends in the market: In Angola, the Yogurt Market within the Dairy Products & Eggs Market is experiencing a surge in demand due to an increasing focus on health and wellness. Consumers are seeking out yogurt as a natural and nutritious snack, with sales projected to continue on an upward trajectory. This trend is significant for industry stakeholders as it presents opportunities for expansion and innovation. However, it also poses challenges in terms of meeting consumer preferences and maintaining quality standards. Additionally, the growing popularity of plant-based yogurts could impact traditional dairy-based products, requiring companies to adapt to changing consumer preferences.

Local special circumstances: In Angola, the Yogurt Market of the Dairy Products & Eggs Market is influenced by the country's warm climate and rich agricultural landscape, allowing for the production of high-quality dairy products. Additionally, the cultural preference for dairy-based foods, particularly yogurt, leads to a high demand for these products in the market. Furthermore, the government's focus on promoting local industries and supporting small businesses has created a favorable environment for the growth of the yogurt market in Angola. These factors contribute to the unique dynamics of the market and present opportunities for both local and foreign companies to tap into the growing demand for yogurt in Angola.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Angola is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. Angola's recent economic diversification efforts and growing middle class have led to increased consumer spending on food products, including yogurt. The government's initiatives to promote foreign investment and improve the business climate have also contributed to the growth of the yogurt market. Additionally, the increasing health-consciousness among consumers and the demand for healthier food options have boosted the demand for yogurt in the country. However, the market is also affected by challenges such as inflation and currency devaluation, which can impact the purchasing power of consumers and the cost of production for manufacturers.

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.