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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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Yogurt market in Burundi's Dairy Products & Eggs market has been growing at a minimal rate due to factors such as limited access to technology, low health awareness, and lack of convenience in online services.
Customer preferences: As consumers in Burundi continue to prioritize health and wellness, the yogurt market within the Dairy Products & Eggs Market is experiencing a rise in demand for plant-based and organic options. This shift is influenced by cultural preferences for natural and locally sourced products, as well as an increase in health-conscious consumers. Additionally, the growing middle class and changing dietary habits have contributed to the popularity of yogurt as a healthier snacking option.
Trends in the market: In Burundi, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for probiotic and plant-based yogurt products. This trend is driven by increasing health consciousness among consumers and a growing preference for dairy alternatives. In addition, there is a rising awareness of the benefits of yogurt consumption, such as improved gut health and immunity. These trends are expected to continue, with the potential for new product innovations and partnerships with local farmers to meet the demand for high-quality ingredients. Industry stakeholders should capitalize on these trends by investing in research and development and expanding distribution channels to reach a wider consumer base.
Local special circumstances: In Burundi, the Yogurt Market of the Dairy Products & Eggs Market within The Food market has unique influences due to the country's geographical and cultural landscape. With a predominantly rural population, traditional methods of dairy production and consumption still dominate the market. However, with the increasing urbanization and adoption of Western dietary habits, there is a growing demand for packaged yogurt products. The market is also regulated by strict import policies, limiting the entry of international brands, and creating opportunities for local producers to thrive. These factors contribute to the dynamic and evolving nature of the yogurt market in Burundi.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Burundi is affected by various macroeconomic factors. These include the country's economic stability, global economic trends, fiscal policies, and other financial indicators. Burundi is a low-income country with a small market size, which has a limited impact on the global Yogurt Market. However, the country's economic growth and increasing disposable income are expected to drive the demand for dairy products like yogurt. Moreover, the rise in health consciousness and the growing trend of healthier food choices are also fueling the demand for yogurt in Burundi. On the other hand, economic challenges such as inflation and currency devaluation can adversely affect the market's growth. Overall, the Yogurt Market's performance in Burundi is closely tied to the country's economic health and global economic trends.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights