Dairy Products & Eggs - Bosnia and Herzegovina

Revenue in the Dairy Products & Eggs market amounts to US$736.40m in 2024. The market is expected to grow annually by 5.47% (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$230.50 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 213.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 60.8kg 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 Bosnia and Herzegovina is seeing modest growth due to factors such as consumer health awareness, increasing adoption of online services, and convenience. However, the market is impacted by challenges such as high production costs and competition from substitutes. This has resulted in a minimal growth rate for the overall market.

Customer preferences: Consumers in Bosnia and Herzegovina are becoming more health-conscious and are seeking out healthier food options, including dairy products and eggs. This has led to a rise in demand for organic and locally-produced dairy products and eggs. Additionally, there is a growing trend towards plant-based dairy alternatives, driven by concerns for animal welfare and environmental sustainability. This shift in consumer preferences is also bringing about a rise in online grocery shopping, as individuals look for convenient and contactless ways to purchase these products.

Trends in the market: In Bosnia and Herzegovina, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and organic options. Consumers are increasingly concerned about the quality of their food and are willing to pay a premium for products with natural and sustainable ingredients. This trend is expected to continue, with a growing focus on transparency and traceability in the supply chain. As a result, industry stakeholders must adapt to meet these changing consumer preferences and invest in sustainable practices to remain competitive in the market.

Local special circumstances: In Bosnia and Herzegovina, the Dairy Products & Eggs Market is heavily influenced by the country's geographical location and cultural preferences. The mountainous terrain and fertile valleys provide ideal conditions for dairy farming, leading to a strong local production of milk, cheese, and yogurt. Additionally, dairy products hold a significant cultural importance in the cuisine of Bosnia and Herzegovina, with traditional dishes like baklava and burek often incorporating eggs and milk. Furthermore, the country's strict regulations on food safety and quality control play a crucial role in shaping the market dynamics, ensuring high standards for dairy products sold in the market.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Bosnia and Herzegovina is impacted by a range of macroeconomic factors. This includes global economic trends, national economic health, fiscal policies, and other financial indicators. For instance, the demand for dairy and egg products is influenced by changes in consumer spending power, which is affected by economic growth and inflation rates. Moreover, government policies and trade agreements also play a crucial role in shaping the market, as they can impact the availability and cost of imported dairy products and eggs. Additionally, trends in the livestock industry, such as feed prices and supply chain disruptions, can also have a significant effect on 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.