Yogurt - Costa Rica | Statista Market Forecast

Revenue in the Yogurt market amounts to US$174.00m in 2024. The market is expected to grow annually by 4.78% (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$33.17 are generated in 2024.
In the Yogurt market, volume is expected to amount to 63.06m kg by 2029. The Yogurt market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 11.0kg 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 Costa Rica is experiencing minimal growth due to factors such as low consumer health awareness and limited access to online services. Despite this, the market is steadily growing, driven by the increasing demand for dairy products and eggs in the country.

Customer preferences: There has been a growing preference for natural and organic yogurt products in Costa Rica, driven by a rise in health-conscious consumers. This trend is also influenced by the country's rich biodiversity and commitment to sustainable agriculture. Additionally, there has been an increase in demand for dairy-free yogurt alternatives, catering to the growing number of individuals following plant-based diets. As a result, companies in the yogurt market are focusing on innovating and expanding their product offerings to cater to these evolving preferences.

Trends in the market: In Costa Rica, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier options, with a focus on probiotic and low-fat varieties. The market is also seeing an increase in demand for plant-based yogurts, catering to the growing trend of vegan and lactose-intolerant consumers. This trend is significant as it reflects a changing consumer preference towards more nutritious and environmentally-friendly products. Industry stakeholders should take note of these trends and adapt their offerings accordingly to stay competitive in the market.

Local special circumstances: In Costa Rica, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's tropical climate and its strong agricultural tradition. The warm weather and fertile soil allow for a wide variety of tropical fruits to be used in yogurt production, creating unique and flavorful options for consumers. Additionally, Costa Rica's emphasis on sustainability and organic farming practices has led to the popularity of locally sourced and environmentally friendly yogurt products in the market.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Costa Rica is influenced by macroeconomic factors such as consumer spending patterns, government policies, and economic stability. As the country's economy continues to grow, there is an increase in disposable income, leading to higher consumer spending on food products such as yogurt. The government's focus on promoting a healthy lifestyle and its investment in the dairy industry also contribute to the growth of the yogurt market. Additionally, Costa Rica's stable economic conditions and favorable regulatory environment make it an attractive market for international players to invest in, thereby driving market growth.

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.