Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Asia

Asia

Revenue in the Yogurt market amounts to US$107.50bn in 2024. The market is expected to grow annually by 7.65% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$45,720m in 2024).
In relation to total population figures, per person revenues of US$23.65 are generated in 2024.
In the Yogurt market, volume is expected to amount to 48.72bn kg by 2029. The Yogurt market is expected to show a volume growth of 5.4% in 2025.
The average volume per person in the Yogurt market is expected to amount to 8.6kg in 2024.

Key regions: Russia, Spain, South Korea, Philippines, United States

Market

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Region comparison

Currency

Analyst Opinion

The Yogurt Market in Asia is experiencing minimal growth due to factors such as low consumer health awareness and limited adoption of digital technologies. Convenience offered by online services has not been a significant driver for growth in this market.

Customer preferences: One notable trend in the Yogurt Market of the Dairy Products & Eggs Market within The Food market in Asia is the growing demand for plant-based yogurt options. This is driven by the increasing number of consumers adopting vegetarian, vegan, and flexitarian diets, as well as concerns over animal welfare and sustainability. This shift towards plant-based yogurt is also supported by the rising popularity of alternative milk sources, such as almond, coconut, and soy milk, as well as the availability of innovative and delicious flavors and textures in the market.

Trends in the market: In Asia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based and organic options. This trend is driven by growing health consciousness and concerns over animal welfare. Additionally, there is a rise in innovative flavors and packaging designs, catering to younger consumers. These trends are expected to continue, with potential implications for industry stakeholders such as increased competition and the need for sustainable sourcing and production methods.

Local special circumstances: In Asia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by various local factors. In China, the market is driven by the increasing health-conscious population and the popularity of yogurt as a healthy snack. In Japan, the market is fueled by the cultural tradition of consuming fermented foods and the strong presence of domestic yogurt brands. In India, the market is impacted by the growing demand for dairy-based products and the preference for flavored yogurt. These unique factors contribute to the diverse dynamics of the Yogurt Market in Asia.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Asia is heavily influenced by macroeconomic factors such as economic growth, consumer purchasing power, and government policies. The region's growing population, rising disposable income, and changing dietary preferences are driving the demand for yogurt as a healthy and convenient food option. Moreover, favorable government initiatives promoting dairy consumption and investment in the dairy industry are also fueling market growth. On the other hand, economic slowdowns, trade tensions, and currency fluctuations can negatively impact market performance in the region.

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.