Africa Yogurt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The African Yogurt Market is segmented by Category (Dairy-based and Non-dairy-based Yogurt), Type (Plain and Flavored), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Stores, and Other Distribution Channels), and Geography.

Market Snapshot

Africa Yogurt Market Summary
Study Period: 2016 - 2026
Base Year: 2019
CAGR: 5.1 %

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Market Overview

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

  • 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.

Scope of the report

The African yogurt market is segmented by category, type, distribution channel, and geography. On the basis of category, the market is segmented into dairy-based and non-dairy based yogurt. On the basis of type, the market is segmented into plain and flavored. On the basis of distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, online stores, and other distribution channels. On the basis of geography, the report provide an analysis of South Africa, Nigeria, Egypt, and Rest of Africa.

Category
Dairy-based Yogurt
Non-dairy-based Yogurt
Type
Plain Yogurt
Flavored Yogurt
Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Other Distribution Channels
Geography
South Africa
Nigeria
Egypt
Rest of Africa

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Key Market Trends

Growing 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.

africa-yogurt-market

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.

africa-yogurt-market

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Category

      1. 5.1.1 Dairy-based Yogurt

      2. 5.1.2 Non-dairy-based Yogurt

    2. 5.2 Type

      1. 5.2.1 Plain Yogurt

      2. 5.2.2 Flavored Yogurt

    3. 5.3 Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 South Africa

      2. 5.4.2 Nigeria

      3. 5.4.3 Egypt

      4. 5.4.4 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Viju Industries Nigeria Limited

      2. 6.3.2 Danone Southern Africa (Pty) Ltd

      3. 6.3.3 Fage

      4. 6.3.4 Nestle

      5. 6.3.5 Yakult Honsha Co. Ltd

      6. 6.3.6 General Mills

      7. 6.3.7 Parmalat Canada

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Africa Yogurt Market market is studied from 2016 - 2026.

The Africa Yogurt Market is growing at a CAGR of 5.1% over the next 5 years.

Viju Industries Nigeria Limited, Danone Southern Africa (Pty) Ltd., Fage, Nestle are the major companies operating in Africa Yogurt Market.

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