Market Insights Consumer Food Dairy Products & Eggs

Yogurt - Armenia

Armenia

Revenue in the Yogurt market amounts to €118.30m in 2024. The market is expected to grow annually by 7.14% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€41,960m in 2024).
In relation to total population figures, per person revenues of €42.57 are generated in 2024.
In the Yogurt market, volume is expected to amount to 65.73m kg by 2029. The Yogurt market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Yogurt market is expected to amount to 20.3kg in 2024.

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

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Comparación de regiones

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Analyst Opinion

The Yogurt Market in Armenia is experiencing minimal growth due to factors such as limited health awareness among consumers and lack of access to digital technologies. Despite this, online health services are gaining popularity, indicating potential growth in the future.

Customer preferences: With growing health consciousness and a focus on natural and healthy food options, consumers in Armenia are increasingly turning towards yogurt as a nutritious and probiotic-rich food choice. This trend is driven by a shift towards a more health-conscious lifestyle, with consumers looking for food options that offer added health benefits. Additionally, the popularity of yogurt has also been influenced by cultural preferences, as it is a traditional staple in the Armenian diet. This has led to a steady increase in demand for yogurt in the Dairy Products & Eggs Market within The Food market.

Trends in the market: In Armenia, the Yogurt Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more organic and locally sourced products. This trend is being driven by an increasing consumer demand for healthier and more sustainable options. As a result, there has been a rise in the number of small-scale dairy farms and artisanal yogurt producers. This trend is expected to continue, as consumers become more conscious of the health and environmental benefits of organic products. Industry stakeholders, including farmers and producers, can capitalize on this trend by investing in sustainable farming practices and promoting the use of local ingredients. Furthermore, this trend presents an opportunity for market expansion, as it appeals to a wider demographic of health-conscious consumers. However, it also poses a challenge for larger dairy corporations, as they may struggle to keep up with the demand for organic products.

Local special circumstances: In Armenia, the Yogurt Market within the Dairy Products & Eggs Market is influenced by its cultural tradition of consuming fermented dairy products. This has led to a high demand for locally made, artisanal yogurt. Additionally, the country's mountainous terrain and fertile soils provide ideal conditions for dairy farming, resulting in high-quality milk and yogurt production. Furthermore, the government's investment in promoting the dairy industry has led to increased exports, further fueling the growth of the Yogurt Market.

Underlying macroeconomic factors: The Yogurt Market of the Dairy Products & Eggs Market within The Food market in Armenia is heavily impacted by macroeconomic factors such as the country's economic health, government policies, and global economic trends. The stability of the national economy and favorable fiscal policies play a significant role in driving market growth. Additionally, the increasing demand for dairy products, including yogurt, in the region due to changing consumer preferences and a growing population, is also contributing to the market's growth. Furthermore, investments in the dairy industry and technological advancements in production processes are expected to further boost the market in the coming years.

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.