Africa Yogurt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Africa Yogurt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The African yogurt market is expected to record a CAGR of 5.1% during the forecast period 2020-2025.

Key Highlights

• 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.

Key Market TrendsGrowing Demand for Dairy Products

African yogurt market is mainly driven by the health benefits associated with consuming yogurt and increasing awareness among people for losing weight. Other factors supporting the market growth are the expansion of the retail market in various regions and the lower lactose content for lactose-intolerant consumers willing to eat dairy products. Some of the major players spreading awareness and promoting consumption of spoonable and drinkable yogurt include Yakult, Danone, Nestle, and Chobani.

South Africa Holds a Major Market Share

The African yogurt market has been geographically segmented into South Africa, Nigeria, Egypt, and Rest of Africa, wherein, South Africa holds a major market share in the region. Drinkable yogurt is gaining popularity and contributing to the market growth in the region, due to the rising health consciousness among consumers. The consumers in this region switch brands seeking value for money.

Competitive Landscape

The vendors compete for innovation, pricing, and distribution, to stay competitive in the business. the cash-strapped consumers in this region look for promotional deals and switch brands to get value for their money. So the companies are focused on this aspect. Private labels are expected to increase their market share during the forecast period. Some of the major players in the Africa yogurt market are Viju Industries Nigeria Limited, Danone Southern Africa (Pty) Ltd, Fage, Yakult Honsha Co. Ltd, and Nestle.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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