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:
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.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Dairy Products & Eggs Market in ASEAN is experiencing slow growth due to various factors such as shifting consumer preferences towards plant-based alternatives, increasing competition from substitutes, and changing dietary patterns. Despite minimal growth, the market is still driven by rising health awareness and convenience offered by online sales.
Customer preferences: The growing health consciousness among consumers in ASEAN has led to a rise in demand for dairy products and eggs that are organic, natural, and free from hormones and antibiotics. This trend is driven by cultural beliefs and preferences for wholesome and minimally processed foods. Additionally, with the increase in disposable income and busy lifestyles, there is a growing demand for convenient and ready-to-eat dairy products and eggs, leading to a surge in sales of packaged and processed options.
Trends in the market: In ASEAN, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable products. This trend is driven by increased consumer awareness and demand for organic, plant-based, and locally produced options. This trajectory is expected to continue as governments and industry stakeholders prioritize sustainability and health. Potential implications include the need for companies to adapt their production and marketing strategies, as well as opportunities for innovation and collaboration in the region.
Local special circumstances: In ASEAN, the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's diverse cultural and geographical factors. Southeast Asian countries have a strong tradition of dairy consumption, leading to a high demand for dairy products. Additionally, regulatory policies that promote local production and protect domestic dairy farmers have created a unique market dynamic. This has led to a rise in the popularity of locally-sourced dairy products, such as coconut milk and coconut cream, in countries like Thailand, Indonesia, and the Philippines. Furthermore, the growing trend of healthy and organic food consumption in the region has also resulted in an increased demand for organic dairy products, creating opportunities for local producers to capitalize on this trend. These factors highlight the unique characteristics of the ASEAN Dairy Products & Eggs Market, setting it apart from other markets in the global food industry.
Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market in ASEAN is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Favorable economic conditions and government support for the food industry have led to an increase in production and consumption of dairy products and eggs in the region. However, fluctuations in global food prices and changes in consumer preferences towards healthier alternatives can also affect market performance. Moreover, the growing population and rising income levels in ASEAN countries have resulted in a higher demand for dairy products and eggs, driving market growth.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights