Yogurt Price Trend and Forecast

Yogurt Regional Price Overview

Get the latest insights on price movement and trend analysis of Yogurt in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Yogurt Price Trend for the Second Half of 2023

Throughout the majority of 2023, the producers and traders of yogurt noted stable trends in the pricing patterns in India, after the sudden avalanche of COVID-19, the yogurt market slowly grew with the rebound of consumer confidence in this sector. Meanwhile, the price movements within India's food service market showed variability across different sub-categories, with some sub-categories experiencing more significant changes as compared to the others.
 

Yogurt Price Chart

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The more detailed analysis of the food and beverage sector suggests that yogurt price trends by location revealed regional consumption patterns were much different as some of the northern states registered only limited changes while the southern states noticed a steady rise in the pricing trajectory.

As consumers become more price-conscious, operators also started to seek methodologies in order to optimize costs to maintain margins and market share. Innovation played a crucial role for restaurant operators in India, enabling them to attract customers and manage costs effectively. With a growing number of consumers, food service operators continuously innovated their production routes, helping in the stagnancy of the yogurt's overall pricing.

Analyst Insight

According to Procurement Resource, the price of Yogurt is estimated to sustain this stability as the variations in production routes and consistent demand from the downstream industries will favor the sustenance of the yogurt market.
 

Yogurt Price Trend for the First Half of 2023

The yogurt market was affected by the consequences of inflation in the food industry. The price trend inclined in the first two quarters as the global markets suffered from the issues of disruption in supply chains, adverse effects of the Russia-Ukraine crisis, and shortage of labor. In the US and European region, the approximate rise in the cost of yogurt rose by almost 18% in the first quarter alone.

The cost of production in the US inclined dramatically as the rates of raw materials, minimum wages, and prices of energy took a sudden upward turn. This rise in the price trend of yogurt was also supported by the rising demand from the consumer sector, which, despite struggling conditions, continued to push yogurt prices in a positive direction. However, during the end phase of the second quarter, the prices cooled down as the global economy showed signs of recovery.

Analyst Insight

According to Procurement Resource, the price of Yogurt is expected to follow a fluctuating trend as the rates of food inflation are estimated to stabilize with increased production and positive support from the feedstock sector.

Procurement Resource provides latest prices of Yogurt. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.