Yogurt - G20 | Statista Market Forecast

Revenue in the Yogurt market amounts to US$155.10bn in 2024. The market is expected to grow annually by 6.84% (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$31.18 are generated in 2024.
In the Yogurt market, volume is expected to amount to 62.78bn kg by 2029. The Yogurt market is expected to show a volume growth of 4.3% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 10.5kg 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 The Food market of G20 is experiencing minimal growth, due to factors such as changing consumer preferences, increased competition from alternative dairy products, and the impact of trade tariffs on dairy imports. Despite this, the market continues to expand due to the convenience and health benefits offered by yogurt products.

Customer preferences: Consumers in the Yogurt Market of the Dairy Products & Eggs Market within The Food market are increasingly gravitating towards healthier and more natural options, leading to a surge in demand for organic and plant-based yogurt varieties. This trend is driven by a growing awareness of the health benefits of these alternatives and a desire for more sustainable and ethical food choices. Additionally, the rise of flexitarian and vegan diets among younger generations is also contributing to this shift in consumer preferences.

Trends in the market: In the G20, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is seeing a surge in demand for plant-based yogurts, as consumers become more health-conscious and environmentally aware. In addition, there is a growing trend of incorporating functional ingredients such as probiotics and superfoods into yogurt products. These trends are expected to continue, with a focus on innovation and diversification of product offerings. This presents opportunities for industry stakeholders to tap into new markets and cater to evolving consumer preferences. However, it also poses challenges for traditional dairy yogurt producers to adapt and compete in this changing landscape.

Local special circumstances: In the G20, the Yogurt Market of the Dairy Products & Eggs Market within The Food market has seen significant growth due to the increasing demand for healthy and convenient food options. In countries like China and India, the market is driven by the rising health awareness and the popularity of probiotic-rich foods. In contrast, in countries like France and Germany, the market is driven by the traditional consumption of yogurt as a staple food. These cultural differences greatly influence the product offerings and marketing strategies in these markets.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is greatly impacted by macroeconomic factors such as consumer spending power, population growth, and government regulations. In countries with a strong economy and high disposable income, there is a higher demand for premium yogurt products, leading to market growth. Additionally, government regulations on food safety and labeling also play a significant role in shaping the market. Moreover, the rising trend of health-consciousness among consumers is driving the demand for nutritious and organic yogurt products, further stimulating 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.