Eggs - APAC | Statista Market Forecast

The APAC Eggs Market in The Food market is seeing subdued growth due to various factors like low health awareness among consumers and limited availability of digital technologies. Despite this, convenience offered by online egg services is driving some growth.

Customer preferences: In APAC, consumer preferences for dairy and eggs are being influenced by the growing focus on health and wellness. There is a rising demand for organic and free-range eggs, as well as dairy products made from plant-based alternatives. This trend is driven by the increasing awareness of the environmental impact of traditional farming practices and the health benefits of plant-based diets. Additionally, there is a growing interest in functional foods, such as probiotic yogurts and fortified dairy products, as consumers prioritize nutrition and overall well-being.

Trends in the market: In APAC, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and sustainable options. This trend is driven by increasing consumer awareness and demand for natural and organic products. Additionally, there is a growing demand for plant-based alternatives to traditional dairy products, leading to the rise of plant-based egg products. This trend is expected to continue, with industry stakeholders focusing on innovation and product development to meet the changing consumer preferences.

Local special circumstances: In China, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's large population and cultural preferences. The demand for eggs is driven by the traditional Chinese cuisine, which utilizes eggs in various dishes. In addition, the country's strict regulations on food safety and quality have also shaped the market, with consumers increasingly seeking out trusted and certified egg products. This has led to the rise of premium egg brands and increased competition among producers to meet these standards.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in APAC is affected by various macroeconomic factors such as economic growth, consumer spending, and government policies. Countries with strong economic growth and high consumer spending power, such as China and India, are expected to have a higher demand for eggs, driving market growth. Additionally, government initiatives to promote the consumption of eggs as a healthy and affordable source of protein are also expected to positively impact the market. However, factors such as inflation, trade tariffs, and fluctuations in exchange rates can affect the cost of production and ultimately impact market performance.

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.