Yogurt - Seychelles | Statista Market Forecast

Revenue in the Yogurt market amounts to US$1.61m in 2024. The market is expected to grow annually by 2.79% (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$14.91 are generated in 2024.
In the Yogurt market, volume is expected to amount to 975.50k kg by 2029. The Yogurt market is expected to show a volume growth of 0.9% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 8.6kg 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 Seychelles has been experiencing a negligible decline in growth rate, influenced by factors such as changing consumer preferences, increased competition, and economic challenges. Despite this, the market is still driven by the convenience and health benefits offered by yogurt, making it a popular choice among consumers.

Customer preferences: The demand for healthier and more natural food options is on the rise in Seychelles, driving a shift towards locally sourced and organic yogurt products. Consumers are also increasingly looking for dairy-free and plant-based yogurt alternatives, reflecting a growing trend towards plant-based diets and sustainability. Furthermore, with an aging population, there is a growing demand for probiotic-rich yogurt products that promote digestive health and immunity.

Trends in the market: In Seychelles, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based yogurt products. This trend is driven by the increasing health-consciousness of consumers and a shift towards sustainable and ethical consumption. As a result, major players in the market are launching new lines of natural and non-dairy yogurt options to cater to this growing demand. This trend is expected to continue and potentially lead to a decline in sales of traditional dairy yogurt in the country. Overall, this shift towards alternative yogurt products presents both challenges and opportunities for industry stakeholders in Seychelles.

Local special circumstances: In Seychelles, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's unique geography. Being a group of islands, Seychelles relies heavily on imported dairy products, including yogurt, which can be more expensive due to transportation costs. Additionally, the country's strong tourism industry has led to an increase in demand for dairy products, including yogurt, from visitors seeking familiar and high-quality products. This has created a competitive market for local yogurt producers to meet the demand and cater to both local and international consumers.

Underlying macroeconomic factors: The Yogurt Market within the Dairy Products & Eggs Market of The Food market in Seychelles is also influenced by macroeconomic factors. The global trend towards healthier food options is driving the demand for yogurt, as it is perceived as a healthy and nutritious choice. Furthermore, the national economic health of Seychelles, with its stable economy and growing disposable income, is likely to contribute to the growth of the yogurt market. Additionally, favorable fiscal policies and investments in the food industry are expected to further boost market performance. Overall, the increasing focus on health and wellness, coupled with a strong economic outlook, is likely to drive the growth of the Yogurt Market in Seychelles.

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.