Eggs - Cambodia | Statista Market Forecast

The Eggs Market in Cambodia has seen minimal growth due to factors such as changing consumer preferences, limited access to technology, and low health awareness. Despite this, the convenience of online services has aided in the market's growth within the Dairy Products & Eggs sector of The Food market.

Customer preferences: As consumers in Cambodia become more health-conscious, there is a growing demand for organic and free-range eggs. This is driven by an increased awareness of the benefits of consuming natural, hormone-free products. Additionally, there is a trend towards smaller package sizes for eggs, reflecting the growing number of single-person households and the rising popularity of snacking. This shift towards healthier and more convenient options highlights a shift towards more mindful and personalized consumption habits in the Eggs Market of the Dairy Products & Eggs Market within The Food market.

Trends in the market: In Cambodia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is witnessing a rise in demand for organic and free-range eggs. This trend is driven by an increasing awareness of the health benefits of these types of eggs and a growing concern for animal welfare. As a result, there has been a shift towards smaller, independent egg producers who can offer these types of eggs. This trend is expected to continue in the future, with potential implications for larger egg producers who may need to adapt their production methods to meet consumer demands for healthier and more ethically sourced eggs.

Local special circumstances: In Cambodia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's geographical location and cultural preferences. Due to its tropical climate and abundant resources, Cambodians have a strong preference for fresh, locally-sourced eggs. Additionally, the country's strong Buddhist beliefs also play a role in the market, as many Cambodians prefer to consume vegetarian or plant-based products, including eggs. Furthermore, the government's strict regulations on food safety and production also impact the market, ensuring that consumers have access to high-quality eggs.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Cambodia is influenced by several macroeconomic factors. One of the major drivers of market growth is the overall economic health of the country. With a GDP growth rate of 7.5% in 2019, Cambodia has experienced steady economic growth in recent years. This has led to an increase in consumer spending and a growing demand for dairy products and eggs, which are considered essential food items. Additionally, favorable government policies and investments in the agriculture sector have also contributed to the growth of the market. However, challenges such as limited production capacity and high import costs are hindering the market's growth potential. The increasing trend towards health consciousness and the rising middle-class population in Cambodia are also important factors driving the demand for healthier and higher-quality dairy and egg products, creating opportunities for 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.