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.
For more information on the displayed data, click the info button on the right side of each box.
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 CIS is experiencing subdued growth due to factors such as shifting consumer preferences towards healthier food options, increasing competition from plant-based alternatives, and fluctuating milk prices. However, the convenience and health benefits offered by yogurt continue to drive its adoption among health-conscious consumers.
Customer preferences: With growing health consciousness and a desire for convenient and nutritious food options, there has been a notable increase in demand for plant-based yogurt alternatives in the Yogurt Market. This trend is driven by factors such as lactose intolerance, ethical and environmental concerns, and the perceived health benefits of plant-based diets. As a result, manufacturers are increasingly introducing dairy-free yogurt options, catering to the evolving preferences of health-conscious consumers.
Trends in the market: In the CIS and Yogurt Market of the Dairy Products & Eggs Market within The Food market, there is a growing trend towards healthier and more nutritious yogurt options. This trend is driven by consumer demand for healthier snacking alternatives and a greater awareness of the health benefits of yogurt. Additionally, there is a rising interest in plant-based yogurt options, as well as yogurt products with added functional ingredients such as probiotics and superfoods. This trend is expected to continue in the coming years, with the potential to drive innovation and competition in the market. Industry stakeholders should be prepared to adapt to these changing consumer preferences and capitalize on the opportunities presented by the growing demand for healthier yogurt options.
Local special circumstances: In the CIS region, the Yogurt market is heavily influenced by cultural preferences and traditional dairy consumption habits. Yogurt is a staple in many Eastern European countries, with a higher demand for plain and natural varieties compared to flavored options. In contrast, in countries like Turkey and Bulgaria, yogurt is consumed as a drink and is often used in cooking. This cultural preference and usage have a significant impact on the types of products offered and the overall market trends in the Yogurt market in the CIS region. Additionally, regulatory policies around dairy production and labeling also play a crucial role in shaping the market dynamics in this region.
Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is significantly impacted by macroeconomic factors such as consumer spending patterns, disposable income, and changing dietary preferences. In countries where consumers are increasingly health-conscious and willing to spend on premium products, the yogurt market is experiencing steady growth. Moreover, favorable government initiatives promoting dairy consumption and growing awareness about the nutritional benefits of yogurt are also driving market growth. However, economic downturns and fluctuations in milk prices can adversely affect market performance.
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