Yogurt - Nepal | Statista Market Forecast

Revenue in the Yogurt market amounts to US$23.35m in 2024. The market is expected to grow annually by 7.52% (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$0.75 are generated in 2024.
In the Yogurt market, volume is expected to amount to 14.16m kg by 2029. The Yogurt market is expected to show a volume growth of 2.2% 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 Nepal is currently experiencing minimal growth due to various factors such as low health awareness among consumers and limited access to online services. Despite this, the market is expected to grow steadily in the coming years with increasing adoption of digital technologies and government initiatives promoting healthy eating habits.

Customer preferences: As more individuals in Nepal embrace a modern lifestyle, there has been a noticeable rise in demand for healthier food options, including yogurt. With the growing health consciousness among consumers, there has been a shift towards low-fat and probiotic-rich yogurt varieties. Additionally, the popularity of yogurt-based drinks and desserts has increased, catering to the changing preferences of the younger generation. This trend is further fueled by the increasing adoption of vegetarian and flexitarian diets in the country, as well as the rising interest in plant-based alternatives.

Trends in the market: In Nepal, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and probiotic yogurts. This trend is driven by the growing health consciousness among consumers and the belief that these products offer added nutritional benefits. This trajectory is significant as it presents new opportunities for industry stakeholders to expand their product offerings and tap into the increasing demand for healthier options. However, this trend also poses challenges for traditional yogurt manufacturers who may struggle to keep up with the demand for specialized products. As the market continues to evolve, industry players may need to adapt their strategies to stay competitive and meet the changing demands of consumers.

Local special circumstances: In Nepal, the Yogurt Market within the Dairy Products & Eggs Market of The Food market is heavily influenced by the country's unique geographical and cultural factors. The mountainous terrain and traditional agricultural practices have led to a strong demand for locally-produced dairy products, including yogurt. Additionally, government regulations and subsidies for dairy farmers have played a significant role in shaping the market dynamics. This has resulted in a highly competitive market with a wide variety of yogurt products catering to the diverse tastes and preferences of Nepali consumers.

Underlying macroeconomic factors: The Yogurt Market in Nepal is heavily influenced by macroeconomic factors such as the country's economic growth and stability, government policies and regulations, and consumer spending power. The global trend of increased health consciousness and the growing demand for dairy alternatives are also driving the market. Additionally, the rise in disposable income and changing dietary patterns in Nepal have led to a higher consumption of dairy products, including yogurt. However, challenges such as rising production costs and supply chain disruptions due to the COVID-19 pandemic have affected market performance. Overall, the market is expected to continue growing due to the increasing focus on health and wellness, favorable government policies, and the growing popularity of dairy products.

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.