Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Worldwide

Worldwide

Revenue in the Yogurt market amounts to US$181.30bn in 2024. The market is expected to grow annually by 6.84% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$45,720m in 2024).
In relation to total population figures, per person revenues of US$23.40 are generated in 2024.
In the Yogurt market, volume is expected to amount to 74.95bn kg by 2029. The Yogurt market is expected to show a volume growth of 4.0% in 2025.
The average volume per person in the Yogurt market is expected to amount to 8.1kg in 2024.

Key regions: Russia, Spain, South Korea, Philippines, United States

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Analyst Opinion

The Yogurt Market in the Dairy Products & Eggs Market of The Food market Worldwide has seen minimal growth due to factors such as increasing health consciousness, consumer preference for online services, and technological advancements. This has resulted in a slow growth rate for the market.

Customer preferences: The growing health and wellness trend has led to a rise in demand for natural and organic yogurt products, as consumers become more health-conscious and seek out healthier food options. In addition, there has been an increase in demand for plant-based yogurt alternatives, as more individuals adopt vegetarian or vegan diets. This shift towards more natural and plant-based options is also driven by concerns over sustainability and animal welfare.

Trends in the market: In recent years, the Yogurt Market within the Dairy Products & Eggs Market has seen a surge in demand for plant-based yogurt alternatives, as consumers increasingly prioritize health and wellness. This trend is expected to continue, driven by factors such as dietary restrictions and environmental concerns. Additionally, there is a growing interest in probiotic and functional yogurts, as consumers seek products that offer added health benefits. This trajectory towards healthier and more diverse yogurt options presents opportunities for industry stakeholders to innovate and cater to evolving consumer preferences.

Local special circumstances: In France, the Yogurt Market within the Dairy Products & Eggs Market is heavily influenced by the country's rich culinary traditions and its love for dairy products. The market is dominated by traditional yogurt brands that offer a wide variety of flavors and textures, catering to the diverse taste preferences of the French population. Additionally, strict regulations on food labeling and production ensure high quality standards, making French yogurt highly sought after in both domestic and international markets.

Underlying macroeconomic factors: The yogurt market within the dairy products & eggs market of The Food market is heavily influenced by macroeconomic factors such as fluctuating milk prices, supply chain disruptions, and changing consumer preferences. In addition, global economic trends, national economic health, fiscal policies, and other financial indicators all play a role in shaping the performance of this market. For example, countries with stable economies and policies that support dairy production and consumption tend to experience higher market growth, while those with economic instability and limited government support may see slower growth. Additionally, factors such as changing demographics and increasing health consciousness among consumers also impact the demand for yogurt products.

Methodology

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.