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Dairy Products & Eggs - Burkina Faso

Burkina Faso
  • Revenue in the Dairy Products & Eggs market amounts to US$459.70m in 2024. The market is expected to grow annually by 7.85% (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$19.28 are generated in 2024.
  • In the Dairy Products & Eggs market, volume is expected to amount to 239.90m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 5.1% in 2025.0.
  • The average volume per person in the Dairy Products & Eggs market is expected to amount to 8.1kg 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.

In-Scope

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

Out-Of-Scope

  • Baby Food
  • Out-of-home consumption
Dairy Products & Eggs: market data & analysis - Cover

Market Insights report

Dairy Products & Eggs: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Dairy Products & Eggs Market in Burkina Faso is seeing minimal growth, influenced by factors such as consumer preferences for traditional products, limited distribution channels, and lack of investment in technology. Despite these challenges, there is potential for growth through increased awareness and adoption of digital technologies in the sub-markets of Milk, Yogurt, Cheese, Eggs, and other Dairy Products & Eggs. This could lead to improved convenience and accessibility of online dairy products and substitutes, driving overall market growth.

    Customer preferences:
    Consumers in Burkina Faso are becoming more health-conscious and are increasingly opting for organic and locally sourced dairy products and eggs. This trend is fueled by the rising awareness of the benefits of consuming natural and unprocessed foods, as well as the desire to support local farmers and businesses. Additionally, there is a growing demand for dairy alternatives such as plant-based milk and egg substitutes, driven by the rise of veganism and lactose intolerance among consumers. These shifts in consumer preferences are also influenced by cultural beliefs and traditions, as dairy products and eggs hold significant importance in the local cuisine.

    Trends in the market:
    In Burkina Faso, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more sustainable and locally sourced products. This trend is driven by consumer demand for healthier and environmentally friendly options, as well as government initiatives to support local farmers. This trajectory has significant implications for industry stakeholders, as they will need to adapt their production and supply chain practices to meet these changing demands. Additionally, there is potential for increased competition in the market as smaller, local producers gain traction.

    Local special circumstances:
    In Burkina Faso, the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural landscape and cultural preferences. As a landlocked country with limited access to international trade, the market is dominated by local dairy producers who rely on traditional production methods. Additionally, dairy products and eggs are staple foods in Burkinabe cuisine, leading to a high demand for these products. Government regulations also play a role in market dynamics, with strict quality control measures in place to ensure food safety and protect local producers.

    Underlying macroeconomic factors:
    The Dairy Products & Eggs Market in Burkina Faso is influenced by several macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is heavily reliant on the country's agricultural sector and is impacted by fluctuations in international demand and prices for dairy and egg products. Additionally, government policies and initiatives to support the growth of the agricultural sector, such as subsidies and investments in infrastructure, also play a significant role in shaping the market. Furthermore, the growing population and increasing urbanization in Burkina Faso are expected to drive the demand for dairy and egg products, presenting opportunities for market growth. However, challenges such as limited access to modern technologies and low investment in the sector may hinder market growth in the country.

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Global dairy industry - statistics & facts

    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.
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