Yogurt - Nicaragua | Statista Market Forecast

Revenue in the Yogurt market amounts to US$97.03m in 2024. The market is expected to grow annually by 4.80% (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$13.58 are generated in 2024.
In the Yogurt market, volume is expected to amount to 47.09m kg by 2029. The Yogurt market is expected to show a volume growth of 1.2% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 6.3kg 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.

For more information on the displayed data, click the info button on the right side of each box.

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 Nicaragua has seen slow growth in recent years, influenced by factors such as low disposable income and limited availability of dairy products. Despite this, increasing health consciousness and a growing demand for healthy food options are expected to drive the market's growth in the coming years.

Customer preferences: As health and wellness continue to be a priority for consumers in Nicaragua, there has been a noticeable increase in demand for healthier and more nutritious yogurt options. This trend is driven by a growing awareness of the importance of gut health and the benefits of probiotics. Additionally, there is a shift towards dairy-free and plant-based alternatives, reflecting the rise of vegan and flexitarian lifestyles in the country. This has led to an influx of innovative and diverse yogurt products, catering to the changing preferences and dietary restrictions of consumers.

Trends in the market: In Nicaragua, the Yogurt Market within the Dairy Products & Eggs Market is experiencing a rise in demand for organic and plant-based yogurt products. This trend aligns with the global shift towards healthier and more sustainable food options. As consumers prioritize health and wellness, the yogurt industry is responding with innovative products that cater to specific dietary needs. Additionally, there is a growing trend of online yogurt sales, as e-commerce platforms become more accessible in the country. These trends have significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in digital marketing and distribution channels to remain competitive.

Local special circumstances: In Nicaragua, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's geographical location as a major producer of dairy products. The fertile land and tropical climate allow for the production of high-quality milk, which is a key ingredient in yogurt. Additionally, the country's strong cultural preference for dairy products, as well as its growing middle class, have contributed to the market's growth. On the regulatory front, government incentives and initiatives to promote local production and consumption of dairy products have also had a significant impact on the market's dynamics.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Nicaragua is influenced by macroeconomic factors such as economic stability, government policies, and consumer spending. With a constantly growing economy and a stable political environment, Nicaragua offers a favorable market for dairy products like yogurt. Moreover, the government's efforts to promote healthy eating habits and the rise in disposable income among consumers are also driving the demand for yogurt in Nicaragua. Additionally, the increasing health consciousness among the population and the growing trend of incorporating dairy products in daily diets are further contributing to the growth of the Yogurt Market.

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.