Yogurt - Colombia | Statista Market Forecast

Revenue in the Yogurt market amounts to US$844.70m in 2024. The market is expected to grow annually by 3.72% (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$16.14 are generated in 2024.
In the Yogurt market, volume is expected to amount to 398.60m kg by 2029. The Yogurt market is expected to show a volume growth of 0.6% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 7.4kg 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 Colombia, within the Dairy Products & Eggs Market of The Food market, is experiencing limited growth due to factors such as a lack of consumer health awareness and limited availability of online services. The market's negligible growth rate is largely impacted by these factors.

Customer preferences: As health and wellness continue to gain importance among consumers, the Yogurt Market in Colombia has seen a rise in demand for healthier and functional options. This is driven by the increasing awareness of the benefits of yogurt in promoting gut health and immunity. Additionally, the growing trend of plant-based and alternative dairy products has also influenced the market, with consumers seeking lactose-free and vegan options. These shifts in consumer preferences are also reflected in the rise of probiotic and organic yogurt products in the market.

Trends in the market: In Colombia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for healthier and more functional yogurt options. This trend is driven by consumer awareness of the health benefits of yogurt, such as probiotics and high protein content. As a result, there is a growing market for plant-based yogurt alternatives and yogurts with added functional ingredients such as collagen and superfoods. This trend is expected to continue as health-conscious consumers prioritize nutritious and convenient options, presenting opportunities for industry stakeholders to innovate and cater to this demand.

Local special circumstances: In Colombia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich agricultural landscape and cultural preference for fresh, locally-sourced ingredients. Additionally, government regulations promoting healthy lifestyles have led to a surge in demand for organic and probiotic yogurt products. This unique combination of factors has created a competitive market with a strong focus on sustainability and consumer health benefits.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Colombia is influenced by several macroeconomic factors. These include the country's overall economic health, global economic trends, fiscal policies, and other financial indicators. Colombia's growing economy and increasing disposable income have resulted in a growing demand for dairy products, including yogurt. Furthermore, the government's initiatives to promote healthy eating habits and the increasing awareness of the health benefits of yogurt have also contributed to the market's growth. However, challenges such as inflation and fluctuations in exchange rates can hinder market performance. Additionally, the rise in health-conscious consumers and the growing trend of veganism are expected to drive the demand for plant-based yogurt alternatives in Colombia.

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.