Eggs - Central Asia | Statista Market Forecast

The Eggs Market in Central Asia is witnessing subdued growth, influenced by factors such as consumers' preference for traditional eggs, limited access to technology, and lack of awareness about online egg services. Despite this, the market is expected to grow gradually due to increasing health consciousness among consumers.

Customer preferences: With the growing health consciousness among consumers in Central Asia, there has been a noticeable rise in demand for organic and free-range eggs. This trend is driven by the increasing awareness of the benefits of natural and ethically sourced food products. Additionally, the rising number of health-conscious millennials and Gen Z consumers in the region has also contributed to the growth of the premium eggs market.

Trends in the market: In Central Asia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more sustainable and eco-friendly practices. This trend is driven by increasing consumer awareness and demand for ethically sourced and environmentally responsible products. As a result, there is a growing adoption of organic and free-range egg production methods. This trend is expected to continue in the coming years, with potential implications for industry stakeholders such as increased competition and the need to invest in sustainable production methods.

Local special circumstances: In Central Asia, the Eggs Market within the Dairy Products & Eggs Market is heavily influenced by its nomadic culture and traditional diet. Nomads often rely on eggs as a source of protein, leading to a high demand for eggs and egg-based products. Additionally, government regulations promoting local production and consumption have led to a thriving local egg industry. However, challenges such as limited infrastructure and transportation can hinder market growth. In contrast, the market in Europe is driven by health-conscious consumers seeking organic and free-range eggs, leading to a demand for higher quality and specialty eggs.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors in Central Asia. With the region experiencing significant economic growth and increasing disposable income, there is a growing demand for high-quality and nutritious food products, including eggs. Furthermore, favorable government initiatives, such as subsidies for farmers and investments in agricultural infrastructure, are driving the growth of the dairy and eggs market in Central Asia. Additionally, the region's growing population and changing dietary preferences towards protein-rich foods are expected to contribute to the continued growth of the eggs market in the region.

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.