Market Size of Africa Yogurt Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.48 Billion |
Market Size (2029) | USD 1.98 Billion |
CAGR (2024 - 2029) | 6.06 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Africa Yogurt Market Analysis
The Africa Yogurt Market size is estimated at USD 1.48 billion in 2024, and is expected to reach USD 1.98 billion by 2029, growing at a CAGR of 6.06% during the forecast period (2024-2029).
The pandemic COVID-19 affected the yogurt market but positively with the growing health-consciousness in the African region. Key players are offering products with organic and natural ingredients. African yogurt manufacturer Chirri uses fresh organic milk, couscous, and real fruits to make century-old African-style yogurt. The product does not have added artificial colors, flavors, and sweeteners, which makes it a perfect choice for active and health-conscious users.
- Increasing awareness of the health benefits of yogurt acts as a catalyst for the growth of the African yogurt market. Drinkable yogurt is the fastest-growing segment in South Africa. The rise in disposable incomes, coupled with an increase in demand for convenience food and growing awareness of yogurt's health benefits, drives the growth of this market.
Africa Yogurt Industry Segmentation
Yogurt is a semifluid fermented milk food having a smooth texture and mildly sour flavor because of its lactic acid content. Yogurt may be made from the milk of cows, sheep, goats, or water buffalo. The African yogurt market is segmented by category, type, distribution channel, and geography. Based on category, the market is segmented into dairy-based and non-dairy-based yogurt. Based on type, the market is segmented into plain and flavored. Based on distribution channels, the market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, online stores, and other distribution channels. Based on geography, the report provides an analysis of South Africa, Nigeria, Egypt, and the Rest of Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
By Category | |
Dairy-based Yogurt | |
Non-dairy-based Yogurt |
By Type | |
Plain Yogurt | |
Flavored Yogurt |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Specialty Stores | |
Online Stores | |
Other Distribution Channels |
Geography | |
South Africa | |
Nigeria | |
Egypt | |
Rest of Africa |
Africa Yogurt Market Size Summary
The African yogurt industry is experiencing significant growth, driven by increasing health consciousness and awareness of yogurt's health benefits. The market is characterized by a rising demand for both spoonable and drinkable yogurt, with drinkable yogurt emerging as the fastest-growing segment, particularly in South Africa. The industry's expansion is supported by the growing popularity of probiotic foods, which are favored for their digestive health benefits. Key players in the market, such as Chirri, are focusing on offering products with organic and natural ingredients, catering to health-conscious consumers. The market is also benefiting from the expansion of the retail sector and the availability of yogurt products with lower lactose content, appealing to lactose-intolerant individuals.
Geographically, the African yogurt market is segmented into regions such as South Africa, Nigeria, Egypt, and others, with South Africa holding a significant market share. The competitive landscape is marked by innovation, pricing strategies, and distribution efforts, as companies strive to meet the demands of cost-conscious consumers. Major players like Viju Industries Nigeria Limited, Danone Southern Africa, and Nestle are actively promoting yogurt consumption and expanding their product portfolios through new flavor launches and product innovations. The market is expected to see an increase in private label offerings, further enhancing competition and consumer choice.
Africa Yogurt Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Category
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2.1.1 Dairy-based Yogurt
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2.1.2 Non-dairy-based Yogurt
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2.2 By Type
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2.2.1 Plain Yogurt
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2.2.2 Flavored Yogurt
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2.3 By Distribution Channel
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Convenience Stores
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2.3.3 Specialty Stores
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2.3.4 Online Stores
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2.3.5 Other Distribution Channels
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2.4 Geography
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2.4.1 South Africa
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2.4.2 Nigeria
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2.4.3 Egypt
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2.4.4 Rest of Africa
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Africa Yogurt Market Size FAQs
How big is the Africa Yogurt Market?
The Africa Yogurt Market size is expected to reach USD 1.48 billion in 2024 and grow at a CAGR of 6.06% to reach USD 1.98 billion by 2029.
What is the current Africa Yogurt Market size?
In 2024, the Africa Yogurt Market size is expected to reach USD 1.48 billion.