Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Benin

Benin

Revenue in the Yogurt market amounts to US$7.80m in 2024. The market is expected to grow annually by 5.20% (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$0.55 are generated in 2024.
In the Yogurt market, volume is expected to amount to 6.42m kg by 2029. The Yogurt market is expected to show a volume growth of 3.4% in 2025.
The average volume per person in the Yogurt market is expected to amount to 0.4kg in 2024.

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

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Analyst Opinion

The Yogurt Market in Benin has seen minimal growth rate due to factors like low consumer awareness, limited distribution channels, and competition from other dairy products. Despite this, the market is slowly expanding with the introduction of new flavors and health benefits offered by yogurt.

Customer preferences: As health and wellness concerns continue to rise in importance, consumers in Benin are gravitating towards healthier and more natural food options, including yogurt. This trend is also fueled by a growing awareness of lactose intolerance and the popularity of plant-based diets. Additionally, the demand for probiotic-rich yogurt has increased, as consumers are placing a greater emphasis on gut health and digestive wellness.

Trends in the market: In Benin, the Yogurt Market within the Dairy Products & Eggs Market of The Food market is experiencing a surge in demand for probiotic yogurt products. This trend is driven by the growing awareness of the health benefits of probiotics, as well as the availability of a wider range of flavors and varieties. As a result, industry stakeholders are investing in product innovation and marketing strategies to capitalize on this trend. Additionally, there is a shift towards more sustainable packaging and production methods, in line with global environmental concerns. This trend is likely to continue, presenting opportunities for industry players to differentiate their products and appeal to health-conscious consumers.

Local special circumstances: In Benin, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's tropical climate and agricultural practices. The warm weather and fertile soil make it conducive for dairy farming, resulting in a high-quality supply of milk for yogurt production. Additionally, cultural factors, such as the popularity of fermented foods, also drive the demand for yogurt. However, regulatory barriers, such as import restrictions and lack of infrastructure, can hinder market growth.

Underlying macroeconomic factors: The Yogurt Market in Benin is heavily impacted by macroeconomic factors such as economic stability, consumer purchasing power, and government policies. The country's GDP growth rate and per capita income are key indicators of the market's performance, as they directly influence consumer spending on dairy products. Government initiatives aimed at promoting the dairy industry and improving infrastructure for dairy production also play a significant role in driving market growth. Furthermore, global trends such as rising health consciousness and increasing demand for healthier food options have led to a surge in demand for yogurt, making it a lucrative market for local and international players.

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.