Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Baltics

Baltics

Revenue in the Yogurt market amounts to US$297.10m in 2024. The market is expected to grow annually by 5.03% (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$51.02 are generated in 2024.
In the Yogurt market, volume is expected to amount to 150.80m kg by 2029. The Yogurt market is expected to show a volume growth of 2.1% in 2025.
The average volume per person in the Yogurt market is expected to amount to 22.9kg in 2024.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Yogurt Market in the Baltics has shown minimal growth in recent years, due to factors such as saturation in the market and changing consumer preferences towards healthier alternatives. Despite this, the Dairy Products & Eggs Market in the region is still driven by increasing health awareness and convenience of online services.

Customer preferences: In recent years, there has been a growing trend towards healthier food options in the Baltics region, leading to an increased demand for yogurt. This can be attributed to a shift in consumer preferences towards more natural and nutritious products. Additionally, there is a growing awareness of the health benefits of yogurt, such as improved gut health and immunity. This trend is also reflected in the rise of plant-based and vegan yogurt options, catering to a growing segment of health-conscious consumers.

Trends in the market: In the Baltics, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more functional yogurt products. This trend is driven by the increasing demand for probiotic and low-sugar options. In addition, there is a growing preference for locally sourced and organic ingredients in yogurt products. The significance of these trends lies in their alignment with consumer preferences for healthier and more sustainable food options. Industry stakeholders should take note of these trends and adapt their product offerings accordingly to remain competitive in the market.

Local special circumstances: In the Baltics, the Yogurt Market is heavily influenced by the region's strong dairy heritage and cultural preferences for fermented dairy products. This has led to a wide variety of unique yogurt flavors and types, such as kefir and skyr. Additionally, the market is heavily regulated, with strict standards for yogurt production and labeling. These factors contribute to a highly competitive market, with strong consumer demand for high-quality and locally sourced yogurt products.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by macroeconomic factors such as consumer purchasing power, economic stability, and government policies. Countries with strong economic growth and stable political environments tend to have higher demand for yogurt, leading to market expansion. Additionally, increasing health consciousness and preference for healthier food options among consumers globally are driving the demand for yogurt. On the other hand, economic slowdown and high unemployment rates can limit consumer spending, negatively impacting the market. Government initiatives promoting the consumption of dairy products, along with investments in dairy production, are also significant drivers of market growth.

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.