Yogurt - Cambodia | Statista Market Forecast

The Yogurt Market in Cambodia, within the Dairy Products & Eggs Market, is experiencing minimal growth due to factors such as limited consumer awareness and lack of access to technology. Despite this, convenience and health benefits are driving some growth in the market, albeit at a slower rate compared to other regions.

Customer preferences: As health and wellness continue to gain importance in Cambodian culture, the demand for healthier food options is on the rise. This has resulted in a growing interest in yogurt and other dairy products, as they are perceived to be nutritious and beneficial for gut health. Additionally, with the increase in urbanization and busy lifestyles, there has been a shift towards convenient and on-the-go products, leading to the popularity of single-serve yogurt cups and drinkable yogurt. This trend is likely to continue as more Cambodians prioritize their health and seek out convenient yet nutritious food options.

Trends in the market: In Cambodia, the Dairy Products & Eggs Market is experiencing a surge in demand for yogurt due to its perceived health benefits. This trend is expected to continue as consumers become more health-conscious and seek out functional foods. The trajectory of this trend is towards increased competition among yogurt brands, driving innovation in flavors and packaging. This presents an opportunity for industry stakeholders to tap into the growing demand and capitalize on the trend. However, there may also be challenges in sourcing high-quality ingredients and ensuring food safety standards are met. Overall, the current trend in the Yogurt Market of the Dairy Products & Eggs Market within The Food market in Cambodia is significant as it reflects the changing consumer preferences and has the potential to drive growth in the industry.

Local special circumstances: In Cambodia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's tropical climate and rich agricultural resources. The warm weather and fertile land make it an ideal environment for dairy farming, resulting in high-quality milk production. Additionally, the country's Buddhist culture and traditional diet heavily incorporate yogurt and other dairy products, driving demand for these items in the market. On the regulatory front, Cambodia has a relatively lenient food safety and labeling system, which has led to a diverse range of local and international yogurt brands entering the market. Furthermore, the rise of health-conscious consumers in the country has also contributed to the growing demand for yogurt, as it is perceived as a nutritious and convenient snack.

Underlying macroeconomic factors: The Yogurt Market in Cambodia is heavily impacted by macroeconomic factors such as the country's economic development, consumer purchasing power, and government policies. As the economy continues to grow and the middle class expands, there is a growing demand for healthier food options, including yogurt. Moreover, the government's initiatives to promote healthy eating habits and improve food safety standards have also contributed to the growth of the yogurt market in Cambodia. Additionally, the increasing trend of health-consciousness and the rising number of lactose-intolerant individuals in the country have also driven the demand for dairy-free yogurt alternatives.

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.