Key regions: Spain, Canada, United Kingdom, United States, Philippines
The Dairy Products & Eggs market in the CIS region is facing subdued growth due to various factors. While there is an increasing demand for healthier food options, the market is hindered by the high production costs and lack of technological advancements. Additionally, changing consumer preferences towards plant-based milk and yogurt substitutes are also impacting the growth of the traditional dairy market. However, the convenience and availability of online purchasing options are expected to drive the market in the coming years.
Customer preferences: With the rise of health-conscious consumers in the CIS region, there has been a growing demand for dairy products and eggs that are free from artificial additives and hormones. This trend is driven by a shift towards healthier and more natural food options, as well as increased awareness of the potential health risks associated with consuming processed foods. Additionally, there has been a growing preference for locally produced dairy and eggs, as consumers look for ways to support their local economy and reduce their carbon footprint.
Trends in the market: In the CIS region, the Dairy Products & Eggs Market is experiencing a shift towards organic and natural products, driven by consumer demand for healthier and more sustainable options. This trend is expected to continue, with a focus on environmentally-friendly production methods and transparent supply chains. This has significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in sustainable practices to remain competitive in the market. Additionally, the rise of e-commerce and online grocery shopping is providing new opportunities for dairy and egg producers to reach a wider audience and increase sales.
Local special circumstances: In the CIS region, the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's large and diverse agricultural sector. The market is also shaped by government policies and regulations, such as import restrictions and subsidies for domestic producers. Additionally, cultural preferences for certain dairy products, such as traditional fermented milk drinks, play a significant role in market demand. These factors contribute to a unique market landscape that differs from other global markets, impacting supply and demand dynamics.
Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market is impacted by macroeconomic factors such as changing consumer preferences, government regulations, and trade policies. Countries with a stable economy and favorable trade policies are experiencing higher market growth, as these factors encourage domestic production and export of dairy products and eggs. On the other hand, regions facing economic challenges and restrictive trade policies may experience slower market growth due to increased costs and limited access to international markets. Additionally, increasing health and wellness consciousness among consumers is driving the demand for healthier and sustainable dairy products and eggs, further influencing 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.
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