Yogurt - Laos | Statista Market Forecast

Revenue in the Yogurt market amounts to US$7.64m in 2024. The market is expected to grow annually by 4.56% (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$0.99 are generated in 2024.
In the Yogurt market, volume is expected to amount to 3.28m kg by 2029. The Yogurt market is expected to show a volume growth of 1.6% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 0.4kg 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 Laos has shown minimal growth due to factors such as low consumer awareness and limited access to online services. However, with increasing health consciousness and government initiatives promoting dairy consumption, the market is expected to experience gradual growth.

Customer preferences: Consumers in Laos are becoming more health-conscious, leading to a growing demand for yogurt as a nutritious and convenient snack. This trend is also fueled by the rising popularity of healthy lifestyle choices, such as incorporating probiotics into daily diets. The increasing availability of dairy alternatives, driven by lactose intolerance and dietary restrictions, is also contributing to the shift towards yogurt consumption. These factors indicate a growing interest in holistic well-being and mindful food choices among consumers in Laos.

Trends in the market: In Laos, 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 probiotic and low-fat yogurt products. This trend is being driven by increasing health consciousness among consumers and a rise in disposable income. In addition, there is a growing interest in dairy alternatives, such as plant-based yogurt, as more consumers seek dairy-free options. These trends are significant as they present new opportunities for industry stakeholders, particularly in terms of product innovation and marketing strategies. Furthermore, the increasing popularity of yogurt as a healthy snack option has the potential to drive growth in the overall Dairy Products & Eggs Market in Laos.

Local special circumstances: In Laos, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's tropical climate, which makes it challenging to produce and distribute dairy products. Additionally, cultural preferences for fresh foods and limited refrigeration facilities result in a lower demand for yogurt compared to other markets. Regulatory barriers, such as strict import regulations and limited access to financing, also hinder market growth. These unique factors contribute to a smaller market size and slower growth in the Yogurt Market of Laos compared to other markets.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is greatly impacted by macroeconomic factors in Laos. The country's economic health, along with global economic trends, plays a significant role in the performance of the yogurt market. Fiscal policies, such as taxes and subsidies, can affect the production and consumption of yogurt. Additionally, consumer purchasing power, inflation rates, and exchange rates can also influence market demand and supply. Furthermore, the increasing health consciousness and changing dietary preferences in Laos have led to a rise in demand for healthier food options, including yogurt. This trend is expected to continue, as the country's economy continues to grow and consumers become more health-conscious.

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.