Key regions: Spain, Canada, United Kingdom, United States, Philippines
The Dairy Products & Eggs market in China is experiencing steady growth due to the increasing demand for healthier food options, rising awareness about the benefits of dairy products, and the convenience of purchasing online. However, the market is facing subdued growth due to factors such as changing dietary preferences, increasing competition from plant-based milk and yogurt substitutes, and rising concerns about animal welfare. These factors are impacting the overall growth rate of the market, but it is still expected to see a steady increase in the coming years.
Customer preferences: With a growing emphasis on healthy and sustainable living, Chinese consumers are increasingly opting for organic and plant-based dairy alternatives. This trend is fueled by concerns over food safety and animal welfare, as well as a rise in lactose intolerance and veganism. As a result, there has been a surge in demand for plant-based milk, yogurt, and cheese products, as well as innovative egg substitutes made from plant proteins. This shift towards more environmentally-friendly and health-conscious options is also influenced by the younger generation's focus on ethical consumption and desire for personalized nutrition.
Trends in the market: In China, the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for organic and plant-based alternatives. This trend is driven by increasing consumer awareness of health and environmental concerns, as well as the growing popularity of vegetarian and vegan diets. Industry stakeholders are adapting to this trend by investing in research and development of new dairy and egg substitutes, as well as expanding their supply chain to include organic and plant-based options. This trend is expected to continue, with potential implications for traditional dairy and egg producers who may need to pivot their business models to stay competitive.
Local special circumstances: In China, the Dairy Products & Eggs Market is heavily influenced by the country's large population and changing dietary preferences. With a growing middle class, there is a demand for higher quality and more diverse dairy products and eggs. Additionally, government regulations and food safety concerns have also played a significant role in shaping the market dynamics. The country's vast landmass and regional differences also impact the production and distribution of dairy and egg products, making it a complex and diverse market.
Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market in China is greatly impacted by macroeconomic factors such as trade policies, consumer spending, and economic growth. As China's economy continues to show strong growth and consumer spending power, the demand for high-quality dairy and egg products is expected to rise. However, global economic trends such as trade tensions and fluctuations in commodity prices may also have an impact on the market. Additionally, government policies and investments in agriculture and food production can greatly influence the supply and demand dynamics of the Dairy Products & Eggs Market in China. Overall, the growth of this market is closely tied to the economic health and policies of the country.
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.
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)
