Eggs - Burkina Faso | Statista Market Forecast

The Eggs Market in Burkina Faso is experiencing subdued growth due to factors such as limited consumer awareness and low adoption of digital technologies. Despite being a part of the growing Food Market, the Eggs Market's slow growth is being impacted by the lack of convenience offered by online health services.

Customer preferences: As the demand for healthier and more sustainable food options continues to rise, consumers in Burkina Faso are showing a growing preference for free-range and organic eggs. This trend is influenced by cultural beliefs and traditions that value natural and locally-sourced food. Additionally, the increasing awareness about the harmful effects of antibiotics and hormones in animal products is driving the demand for eggs from pasture-raised hens.

Trends in the market: In Burkina Faso, the Eggs Market within the Dairy Products & Eggs Market is experiencing a surge in demand for organic and free-range eggs. This trend is driven by increasing consumer awareness about the health benefits of organic eggs and concerns about the use of antibiotics and hormones in egg production. Additionally, there is a growing demand for eggs as a source of affordable protein, especially among low-income households. This trend is expected to continue in the coming years, creating opportunities for industry stakeholders to tap into the growing market for organic and free-range eggs.

Local special circumstances: In Burkina Faso, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by its agricultural sector and local farming practices. The country's large population of small-scale farmers and traditional farming methods result in a fragmented supply chain and limited access to modern technology. Additionally, government regulations and limited infrastructure hinder the market's potential for growth and innovation. These unique factors contribute to the market's slower growth compared to other regions with more developed dairy and egg industries.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is greatly impacted by macroeconomic factors in Burkina Faso. The country's economic health, which is heavily reliant on agriculture, has a direct impact on the demand for eggs. Additionally, fiscal policies and government subsidies for the dairy industry can greatly influence the cost of production and ultimately the market price of eggs. Furthermore, global economic trends, such as fluctuations in international trade and commodity prices, can also impact the market in Burkina Faso. Finally, factors such as population growth and consumer purchasing power can also play a role in the demand for eggs in 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.