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 Chad is experiencing minimal growth due to various factors, such as low consumer health awareness and limited adoption of digital technologies. Convenience offered by online health services is also impacting the growth rate.
Customer preferences: Consumers in the Chad and Yogurt Market of the Dairy Products & Eggs Market within The Food market are increasingly looking for healthier and more nutritious options, leading to a rise in demand for plant-based and probiotic yogurts. This trend is driven by the growing awareness of the health benefits of probiotics and the rise of vegan and flexitarian diets. Additionally, there has been a shift towards products with clean labels and fewer artificial ingredients, reflecting a desire for more natural and sustainable options.
Trends in the market: In Chad, the Yogurt Market is experiencing a shift towards healthier and more diverse yogurt options, including plant-based alternatives. This trend is driven by increased consumer awareness of the health benefits of yogurt, as well as the growing demand for lactose-free and vegan options. In addition, the market is seeing a rise in flavored and premium yogurts, catering to the preferences of younger consumers. These trends are likely to continue, with implications for industry players to invest in product innovation and marketing strategies to stay competitive in the market.
Local special circumstances: In Chad, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's hot and dry climate, making it challenging to maintain the freshness of dairy products. This has led to the use of traditional preservation techniques, such as fermentation, in yogurt production. The local preference for tangy and thick yogurt has also shaped the market, with manufacturers focusing on flavor and texture to meet consumer demand. Additionally, the government's efforts to promote dairy farming and improve infrastructure have further boosted the market, creating opportunities for both local and international players.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Chad is heavily influenced by macroeconomic factors, such as overall economic trends and the country's fiscal policies. With a relatively underdeveloped economy and high levels of poverty, the demand for affordable and nutritious food products like yogurt is expected to rise. Additionally, the government's focus on improving food security and promoting domestic industries is likely to create opportunities for market growth. However, challenges such as limited access to credit and inadequate infrastructure may hinder the market's potential for expansion.
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