Yogurt - Bosnia and Herzegovina | Statista Market Forecast

Revenue in the Yogurt market amounts to US$83.92m in 2024. The market is expected to grow annually by 4.14% (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$26.27 are generated in 2024.
In the Yogurt market, volume is expected to amount to 39.96m kg by 2029. The Yogurt market is expected to show a volume growth of 1.7% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 11.3kg 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 Bosnia and Herzegovina is experiencing slow growth due to factors such as limited health awareness and traditional eating habits. The convenience of online services has yet to be fully embraced, resulting in a negligible growth rate for the Dairy Products & Eggs Market in The Food market industry.

Customer preferences: Consumers in Bosnia and Herzegovina are increasingly turning towards healthier lifestyles, leading to a rise in demand for low-fat and organic yogurt options. This trend is driven by growing health consciousness and a shift towards more natural and sustainable food choices. Furthermore, the demand for plant-based yogurt alternatives is also on the rise, as more individuals are adopting vegetarian and vegan diets. This shift towards healthier and more sustainable food options is expected to continue driving growth in the yogurt market in Bosnia and Herzegovina.

Trends in the market: In Bosnia and Herzegovina, the Yogurt Market is experiencing a shift towards healthier options, with an increase in demand for organic and plant-based yogurt products. This trend is driven by growing health consciousness among consumers, as well as a rise in lactose intolerance and dairy allergies. Additionally, there is a growing trend of incorporating yogurt into other food products, such as smoothies and baked goods. This presents opportunities for industry stakeholders to diversify their product offerings and cater to changing consumer preferences, while also facing challenges in sourcing quality ingredients and adapting to new production processes. As this trend continues, it has the potential to drive the growth of the Yogurt Market and shape its future trajectory.

Local special circumstances: In Bosnia and Herzegovina, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich culture and strong dairy industry. The traditional practice of making yogurt at home has led to a high demand for locally-made, organic yogurt in the market. Additionally, the country's strict regulations on dairy production ensure high quality standards, making Bosnian yogurt a popular choice among health-conscious consumers. The market is also shaped by the country's geographical location, with its close proximity to Eastern Europe and the Middle East leading to a diverse range of yogurt flavors and varieties.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Bosnia and Herzegovina is influenced by various macroeconomic factors. The country's economic health, as well as global economic trends, play a significant role in shaping the market's performance. Fiscal policies and other relevant financial indicators also impact the market's growth. In addition, the growing health consciousness among consumers is driving the demand for healthier food products, including yogurt. The increasing disposable income of the population is also contributing to the market's growth, as consumers are willing to spend more on premium and organic yogurt products. Moreover, the government's initiatives to promote the dairy industry and support local producers are also boosting the market's growth.

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.