Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Gambia

Gambia

Revenue in the Yogurt market amounts to US$6.60m in 2024. The market is expected to grow annually by 9.39% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$45,720m in 2024).
In relation to total population figures, per person revenues of US$2.32 are generated in 2024.
In the Yogurt market, volume is expected to amount to 4.63m kg by 2029. The Yogurt market is expected to show a volume growth of 4.7% in 2025.
The average volume per person in the Yogurt market is expected to amount to 1.3kg in 2024.

Key regions: Russia, Spain, South Korea, Philippines, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The Yogurt Market in Gambia is facing subdued growth due to various factors such as low consumer awareness, limited availability of digital technologies, and lack of convenience in accessing online services. Despite this, the market is expected to experience significant growth in the future.

Customer preferences: As the demand for healthier food options continues to rise, consumers in Gambia are increasingly seeking out yogurt as a nutritious and convenient snack. This trend is also being driven by the growing popularity of Western-style diets and a shift towards more health-conscious lifestyles. Additionally, the rise in disposable incomes and urbanization in the region has led to an increase in demand for dairy products, including yogurt, as a symbol of status and modernity.

Trends in the market: In Gambia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier options, with a growing demand for low-fat and probiotic yogurt products. This trend is driven by a growing health-conscious population and increasing awareness about the benefits of probiotics. Additionally, the yogurt market is witnessing a rise in innovative flavors and packaging formats to cater to the changing consumer preferences. These trends are expected to continue in the future, presenting opportunities for industry stakeholders to expand their product portfolios and cater to a wider consumer base.

Local special circumstances: In Gambia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's warm climate, as it requires refrigerated storage and distribution. Additionally, the cultural preference for fresh dairy products has led to a rise in locally-produced yogurt brands. The market is also impacted by strict regulations on imported dairy products, which have created opportunities for domestic producers. These factors have resulted in a unique market landscape for yogurt in Gambia, with a focus on freshness and locally-sourced ingredients.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is strongly impacted by macroeconomic factors such as consumer purchasing power, government regulations, and global trade policies. Countries with stable economies and supportive regulatory frameworks are experiencing higher demand for yogurt products, as consumers have more disposable income to spend on premium dairy products. Additionally, the growing trend towards healthier food options and increased awareness about the nutritional benefits of yogurt are also contributing to market growth. However, fluctuating milk prices and trade barriers can hinder market expansion, especially in developing countries with limited resources and infrastructure for dairy production.

Methodology

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.