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Key regions: China, South Korea, Russia, United Kingdom, India
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Dec 2024
Source: Statista Market Insights
The Cheese Market within the Dairy Products & Eggs Market in Northern Africa is experiencing subdued growth, impacted by various factors such as changing consumer preferences and economic challenges. However, the convenience and health benefits of cheese consumption continue to drive its demand in this region.
Customer preferences: The demand for artisanal and locally-sourced cheeses is on the rise in Northern Africa, as consumers become more health-conscious and prioritize sustainable and ethical food choices. Additionally, the younger generation's growing interest in experimenting with new flavors and cuisines has led to an increase in the consumption of imported specialty cheeses. This trend is also fueled by the rise of social media, where food bloggers and influencers share their experiences with different types of cheese, creating a sense of curiosity and exploration among consumers.
Trends in the market: In Northern Africa, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options, such as organic and plant-based cheeses. This trend is driven by increasing consumer awareness of health and environmental concerns, as well as a growing demand for alternative sources of protein. As a result, major players in the industry are investing in research and development to meet this demand, while also expanding their product portfolios with new, innovative options. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for differentiated marketing strategies.
Local special circumstances: In Northern Africa, the Cheese Market of the Dairy Products & Eggs Market within The Food market is influenced by the region's strong dairy culture and the growing demand for convenience foods. The hot climate and limited refrigeration facilities also drive the popularity of locally produced fresh cheeses. Additionally, strict regulations on imported dairy products create a barrier for foreign cheese brands, giving local producers a competitive edge. These factors contribute to the unique dynamics of the Cheese Market in Northern Africa, setting it apart from other markets.
Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by macroeconomic factors in Northern Africa. Factors such as economic stability, consumer purchasing power, and government policies greatly influence the performance of the market. Countries with stable economies and favorable policies for the dairy industry, such as subsidies and import regulations, experience higher market growth compared to countries with unstable economies and restrictive policies. Additionally, the global trend towards healthier and sustainable food options is driving the demand for organic and artisanal cheeses in the region.
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.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)