Yogurt - Zimbabwe | Statista Market Forecast

Revenue in the Yogurt market amounts to US$49.39m in 2024. The market is expected to grow annually by 15.43% (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$2.90 are generated in 2024.
In the Yogurt market, volume is expected to amount to 14.25m kg by 2029. The Yogurt market is expected to show a volume growth of 3.8% in 2025.0.
The average volume per person in the Yogurt market is expected to amount to 0.7kg 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 Zimbabwe has seen a significant growth rate, driven by factors such as the increasing demand for dairy products, growing health consciousness among consumers, and the convenience of online shopping. This growth is also impacted by the rising popularity of healthier snack options and the introduction of new and innovative yogurt flavors in the market.

Customer preferences: Consumers in Zimbabwe are increasingly incorporating yogurt into their diets, driven by a growing interest in healthy and nutritious food options. This trend is further fueled by the rising awareness of lactose intolerance, leading to a shift towards dairy alternatives like yogurt. Additionally, the demand for locally produced yogurt is on the rise, as consumers prioritize supporting local businesses and reducing their carbon footprint. This has led to the emergence of small-scale yogurt producers, catering to the demand for diverse flavors and artisanal products.

Trends in the market: In Zimbabwe, the Yogurt Market within the Dairy Products & Eggs Market of The Food market is seeing a shift towards healthier options, with a rise in demand for organic and probiotic yogurt. This trend is driven by increasing awareness of the health benefits of yogurt and a growing consumer focus on wellness. As a result, industry stakeholders are investing in product development and marketing strategies to cater to this demand. Additionally, the adoption of e-commerce and online purchasing platforms is providing easier access to these products, further driving the growth of the market.

Local special circumstances: In Zimbabwe, the Yogurt Market of the Dairy Products & Eggs Market within The Food market has seen a slow growth due to limited access to refrigeration and high production costs. The market is also heavily influenced by cultural preferences for fermented milk products. However, recent government efforts to improve the country's dairy industry and promote healthy eating habits have led to a rise in demand for yogurt. Additionally, Zimbabwe's unique climate and fertile land provide favorable conditions for dairy farming, creating opportunities for local producers to cater to the domestic market.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Zimbabwe is impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The country's economic health and stability play a crucial role in determining the growth and performance of the yogurt market. Government policies and regulations, as well as investment in the dairy industry, can significantly influence the market's growth. Additionally, consumer trends and preferences, as well as shifts in population demographics, can impact the demand for yogurt products. The current economic climate in Zimbabwe, including inflation and foreign exchange rates, may also affect the production and distribution costs of yogurt, ultimately influencing market performance.

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.