Yogurt - G7 | Statista Market Forecast

Revenue in the Yogurt market amounts to US$37.65bn in 2024. The market is expected to grow annually by 3.19% (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$48.37 are generated in 2024.
In the Yogurt market, volume is expected to amount to 10.03bn kg by 2029. The Yogurt market is expected to show a volume growth of 1.3% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 12.0kg 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 the Dairy Products & Eggs Market of The Food market in G7 is experiencing negligible growth, influenced by factors such as shifting consumer preferences towards healthier options and the availability of various yogurt flavors and types. Additionally, the increasing trend of plant-based yogurt alternatives is also impacting the market's growth rate.

Customer preferences: Consumers in the Yogurt Market of the Dairy Products & Eggs Market within The Food market are showing a growing preference for plant-based and non-dairy yogurt options, driven by health and environmental concerns. There is also an increasing demand for yogurt with added health benefits, such as probiotics and protein. This trend is influenced by a growing focus on wellness and a desire for functional foods that support a healthy lifestyle. Additionally, there is a rising interest in ethnic and global flavors, reflecting consumers' adventurous palates and desire for diverse and authentic food experiences.

Trends in the market: In the G7 countries, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more diverse product offerings. Consumers are increasingly looking for options that cater to specific dietary needs and preferences, such as lactose-free, low-fat, and plant-based alternatives. This trend is expected to continue as consumers become more health-conscious and demand products that align with their values. As a result, industry stakeholders are investing in research and development to meet these changing demands and stay competitive in the market. Additionally, there is a growing emphasis on sustainable and ethical sourcing of ingredients, which can create opportunities for companies to differentiate themselves and attract environmentally-conscious consumers.

Local special circumstances: In Europe, the Yogurt Market of the Dairy Products & Eggs Market within The Food market market is heavily influenced by the cultural significance of dairy products. Countries such as France, Italy, and Greece have a strong tradition of consuming yogurt as a staple food. This has resulted in a wide variety of yogurt flavors and types being available in these markets. Additionally, stringent regulations on the production and labeling of dairy products in Europe have led to consumers having a high level of trust in the quality and safety of yogurt products. These factors contribute to the strong demand for yogurt in the European market.

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, population growth, and dietary trends. Countries with growing populations and increasing disposable incomes, such as the G7 nations, are experiencing a rise in demand for dairy products, including yogurt. On the other hand, countries with stagnant or declining populations and economic instability may see a decline in yogurt consumption. Additionally, changing dietary preferences, such as a shift towards healthier and more convenient food options, are also influencing the growth of the yogurt market globally.

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.