Yogurt - Lesotho | Statista Market Forecast

Revenue in the Yogurt market amounts to US$3.30m in 2024. The market is expected to grow annually by 13.43% (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$1.40 are generated in 2024.
In the Yogurt market, volume is expected to amount to 2.38m kg by 2029. The Yogurt market is expected to show a volume growth of 9.0% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 0.7kg 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 Lesotho is witnessing mild growth, attributed to factors such as increasing health consciousness among consumers and the convenience of online services. The market's growth is impacted by factors such as competition, changing consumer preferences, and economic conditions.

Customer preferences: As health and wellness become more important to consumers in Lesotho, the demand for healthier food options has increased in the Yogurt Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by a growing preference for natural and organic products, as well as a desire for healthier snacking options. As a result, yogurt brands are now offering more variety in flavors and packaging, catering to different dietary needs and lifestyles. Additionally, the rise of social media and influencer marketing has also influenced consumers to prioritize healthier food choices.

Trends in the market: In Lesotho, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more convenient options. As consumers become more health-conscious, there is a growing demand for low-fat and probiotic-rich yogurt products. Additionally, there is a trend towards on-the-go yogurt snacks and drinkable yogurt products. These trends are significant as they align with the global shift towards healthier food choices. Industry stakeholders should focus on developing innovative and convenient yogurt products to cater to this growing demand. Furthermore, there is potential for partnerships with local dairy farmers to ensure a steady supply of high-quality ingredients for these products.

Local special circumstances: In Lesotho, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's remote and mountainous geography. This has led to limited access to fresh dairy products and a high reliance on imported goods. Additionally, cultural preferences for fermented foods have contributed to the popularity of yogurt in the market. The government's support for local dairy farmers and the promotion of dairy consumption has also played a role in the growth of the Yogurt Market in Lesotho.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Lesotho is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Lesotho's economy heavily relies on agriculture, with dairy products being a significant contributor. However, the country's economic growth has been slow in recent years due to political instability, high unemployment rates, and limited infrastructure. These factors have a direct impact on consumer purchasing power and demand for dairy products, including yogurt. Additionally, fluctuations in global commodity prices and trade policies also affect the overall performance of the Yogurt Market in Lesotho.

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.