Dairy Products & Eggs - Armenia | Statista Market Forecast

Revenue in the Dairy Products & Eggs market amounts to US$1.09bn in 2024. The market is expected to grow annually by 8.32% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$173bn in 2024).
In relation to total population figures, per person revenues of US$392.30 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 400.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 4.7% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 117.4kg in 2024.

Definition:

The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.

Structure:

The market consists of 8 different submarkets:

The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
The Yogurt market covers products that are made when milk is fermented by bacteria.
The Cheese market covers solid products obtained by coagulating milk.
Yogurt substitutes cover non-dairy alternatives to traditional yogurt
Cheese substitutes cover non-dairy alternatives to traditional cheese
The Eggs market covers chicken eggs.
The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible eggs.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh milk
Yogurt
Cheese
Eggs
preserved and powdered milk, cream, curd, yogurt drinks
Milk substitutes

Baby Food
Out-of-home consumption

The Dairy Products & Eggs Market in Armenia is experiencing minimal growth, influenced by factors such as increasing health consciousness, convenience of online services, and rising adoption of digital technologies. The sub-markets of Milk, Yogurt, Cheese, Eggs, and other Dairy Products & Eggs are also contributing to the overall market growth. However, the market growth rate is being hindered by challenges such as limited access to technology and traditional consumption habits.

Customer preferences: Consumers in Armenia are increasingly turning towards healthier and more natural food options, leading to a rise in demand for organic dairy products and eggs. This trend is fueled by a growing awareness of the benefits of consuming organic foods and a desire to support local farmers and producers. Additionally, with a growing number of health-conscious individuals, there is a rising demand for dairy alternatives such as almond milk and plant-based eggs, reflecting a shift towards plant-based diets. This shift is also influenced by cultural traditions, as many Armenians follow a predominantly plant-based diet during religious holidays.

Trends in the market: In Armenia, the Dairy Products & Eggs Market is seeing a shift towards organic and locally sourced products, driven by consumer demand for healthier and more sustainable options. Additionally, there is a growing trend of using technology to improve production processes and supply chain management. This includes the use of precision farming techniques and mobile apps for farmers to track milk production and monitor livestock health. These trends have significant implications for industry stakeholders, as they must adapt to meet changing consumer preferences and incorporate technology into their operations to remain competitive in the market.

Local special circumstances: In Armenia, the Dairy Products & Eggs Market is heavily influenced by the country's historical and cultural ties to dairy production. For centuries, dairy products have been a staple in Armenian cuisine, and the country has a strong tradition of dairy farming. Additionally, the government has implemented strict regulations and quality standards for dairy products, ensuring high-quality and safe products for consumers. This cultural and regulatory focus on dairy has led to a strong and stable market with a loyal customer base.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Armenia is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The market is greatly influenced by the country's overall economic stability and growth potential. In addition, changes in consumer spending power and government policies related to food and agriculture also play a significant role in shaping the market. Moreover, the increasing demand for dairy products and eggs in the country, driven by a growing population and changing dietary preferences, is expected to further impact the growth of the market.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.