Yogurt - Paraguay | Statista Market Forecast

Revenue in the Yogurt market amounts to US$141.70m in 2024. The market is expected to grow annually by 5.89% (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$20.39 are generated in 2024.
In the Yogurt market, volume is expected to amount to 69.16m kg by 2029. The Yogurt market is expected to show a volume growth of 1.9% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 9.1kg 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 Paraguay has been experiencing minimal growth, impacted by factors such as low consumer health awareness and limited adoption of digital technologies. Despite convenience offered by online services, market growth remains stagnant.

Customer preferences: Consumers in Paraguay are increasingly turning towards healthier food options, including yogurt, as a part of their dietary choices. This trend is driven by the growing awareness of the importance of a balanced diet and the health benefits of consuming dairy products. With a rising middle-class population and changing dietary preferences, there is a growing demand for yogurt as a healthier alternative to traditional snacks. Additionally, the availability of a variety of flavors and packaging options is also contributing to the growth of the yogurt market in Paraguay.

Trends in the market: In Paraguay, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for healthy and functional yogurt products. This trend is driven by changing consumer preferences towards healthier food options and the increasing popularity of protein-rich diets. Additionally, there is a growing trend of incorporating traditional Paraguayan fruits and flavors into yogurt, catering to the local market. This trajectory is significant as it presents new opportunities for industry stakeholders to diversify their product offerings and cater to the evolving consumer demands. However, it also poses challenges in terms of production and distribution, as well as the need for continuous innovation to stay competitive in the market.

Local special circumstances: In Paraguay, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural landscape and traditional dairy production methods. This has led to a strong demand for locally-sourced and organic yogurt products. Additionally, the country's growing health consciousness and increasing disposable income have also contributed to the market's growth. The government's efforts to promote healthy eating habits have further bolstered the market. These unique factors have created a distinct market dynamic, making Paraguay a promising market for yogurt manufacturers.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market is also affected by macroeconomic factors such as consumer spending power, government policies, and global economic conditions. Countries with stable economies and rising disposable incomes are witnessing higher demand for yogurt products, while those facing economic challenges may experience slower market growth. Additionally, government policies that support the dairy industry and encourage healthy eating habits can influence market performance. Furthermore, global trends such as increasing health consciousness and the shift towards plant-based diets are also impacting the demand for yogurt 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.