Bega says booming yoghurt demand, fuelled by TikTok wellness trends, could help lift profits nearly 40% by 2031.
Background: Bega Group is an Aussie-owned food and beverage company behind household brands like Vegemite, Daily Juice, and Bega Peanut Butter. It's been around for more than a century, supplying everyday staples to millions of households. In 2020, Bega acquired Lion's dairy and drinks business for $560 million, adding brands like Dairy Farmers, Yoplait, and Farmers Union Iced Coffee to its portfolio.
What happened: Now, it's yoghurt ...not Vegemite...stealing the spotlight. Bega says yoghurt sales are growing at 8.5% annually, with products under brands like Farmers Union and Dairy Farmers driving momentum. The company believes that growth could help lift profits by almost 40% by 2031.
What else: The driving force behind the boom? Social media. Trends across platforms like TikTok have pushed yoghurt into the wellness spotlight, with consumers chasing higher-protein snacks and healthier everyday options. And at the start of this year… two Biscoff biscuits frozen in a tub of Greek yoghurt went nuts online… and Aussie supermarkets literally ran out of yoghurt.
What's the key learning?
💡The winners aren't always the ones who start trends... but they're the ones that are ready for them. Bega has benefited from the "TikTok effect," where viral content drives rapid, real-world demand almost overnight.
💡 This kind of viral demand for products can scale very fast. Think: Dubai chocolate hitting $22 million in sales in just three months.... Or Matcha’s global shortage after going viral. Social media can turn niche products into mass shortages in a matter of weeks.
💡Bega didn't necessarily create a new product trend - it simply had the right products in the fridge at the right time. And, with its expanded dairy portfolio from the Lion acquisition, it now covers almost every corner of the yoghurt and dairy aisle. So it's ready for whatever food TikTok hypes up next.
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