Eggs - Central Africa | Statista Market Forecast

The Eggs Market in Central Africa within The Food market is experiencing subdued growth, impacted by factors such as limited access to technology, low health awareness, and lack of convenience in online services. Despite this, the market is still showing steady growth due to the high demand for dairy products and eggs in the region.

Customer preferences: The Eggs Market within the Dairy Products & Eggs Market is witnessing a growing demand for organic and locally-sourced eggs, driven by a rising awareness of the health and environmental benefits. Additionally, there is a growing trend towards egg alternatives, such as plant-based options, as consumers seek to reduce their consumption of animal products. This shift is influenced by a growing interest in sustainable and ethical food choices, particularly among younger demographics.

Trends in the market: In Central Africa, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a trend towards more sustainable and ethical production practices. This is driven by consumer demand for transparency and responsible sourcing. Additionally, there is a growing preference for organic and free-range eggs. These trends are significant as they reflect a shift towards more conscious consumption habits and have prompted industry players to invest in eco-friendly production methods. This could also have implications for pricing and competition within the market.

Local special circumstances: In Central Africa, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the region's unique cultural and geographical factors. With a high demand for protein-rich foods, eggs are a staple in the local diet. However, limited access to refrigeration and transportation infrastructure poses challenges for producers and distributors. Additionally, varying regulations and trade policies across the region can impact supply and demand for eggs. These factors contribute to the dynamic and evolving nature of the Eggs Market in Central Africa.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Central Africa is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer preferences. A stable economy and favorable government policies can lead to increased demand for dairy products and eggs, while economic downturns can result in lower consumer spending and reduced market growth. Additionally, changing consumer preferences towards healthier and more nutritious food options are driving the demand for dairy and eggs, as these products are considered essential sources of protein and other vital nutrients.

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.