Market overview
Yogurt has a number of health benefits, including the effects from probiotics which are commonly added to yogurt during production. The global yogurt market value is forecast to reach approximately 51 billion U.S. dollars by 2024. With the rise in veganism around the world, it is not surprising that sales of non-dairy yogurt are set to increase year on year, estimated to reach around 7.4 billion U.S. dollars worldwide by 2027. In Canada, the revenues of the yogurt market reached more than 1.72 billion Canadian dollars in 2021.Yogurt production in Canada
Dairy products in general are popular in Canada, as farm cash receipts from dairy products have seen steady growth in past years, and were estimated at 7.4 billion Canadian dollars in 2021. The volume of yogurt available for consumption in Canada amounted to around 9.14 liters per capita in 2021. Frozen yogurt has gained popularity recently worldwide as a perceived healthy alternative to ice cream. The volume of soft frozen yogurt produced in Canada has fluctuated in recent years, with production reaching around 500,000 liters in 2021.International trade
When it comes to the Canadian yogurt trade, the volume of yogurt imports into Canada was recorded at around 990,000 kilograms and the value of yogurt imports reached approximately five million Canadian dollars in 2021. The export trade value of yogurt from Canada to the rest of the world was recorded at 37.32 million U.S. dollars in 2021, a decrease from around 46.88 million U.S. dollars in the previous year.
