Eggs - China | Statista Market Forecast

The Eggs Market in China has been seeing modest growth due to various factors including increasing consumer health awareness and the convenience of online egg services. However, the overall market growth is subdued due to factors such as slowing economic growth and changing dietary preferences.

Customer preferences: As consumers become more health-conscious, there is a growing demand for organic and free-range eggs in China. This trend is driven by concerns over food safety and animal welfare. In addition, the rise of plant-based diets among younger generations has also led to an increase in demand for egg substitutes made from plant-based ingredients. This shift towards more sustainable and ethical food choices is expected to drive the growth of the Eggs Market in the Dairy Products & Eggs Market within The Food market.

Trends in the market: In China, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and free-range eggs. This trend is driven by the increasing health consciousness among consumers, with many opting for healthier and more sustainable food choices. Additionally, there is a growing trend of using e-commerce platforms for purchasing eggs, as it offers convenience and a wider range of options. These trends are expected to continue, with potential implications for industry stakeholders such as producers and retailers, who may need to adapt their production and marketing strategies to cater to these 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 changing dietary preferences. The growing health consciousness among consumers has led to a shift towards organic and free-range eggs, creating a demand for premium products. Additionally, the Chinese government's strict regulations on food safety and quality have also played a significant role in shaping the market, as consumers are increasingly looking for trusted and certified products. Furthermore, the increasing urbanization and rise in disposable income have also led to a rise in demand for convenient and ready-to-eat egg products, such as pre-packaged boiled eggs and egg sandwiches.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by macroeconomic factors in China. The country's economic health, policies on imports and exports, and overall economic stability are crucial in determining the performance of the market. Additionally, global economic trends, such as changes in demand and supply for dairy products and eggs, can also heavily influence market growth. Furthermore, fiscal policies, such as taxes and subsidies, can significantly impact the profitability of businesses in the market. Overall, a stable and growing economy, combined with favorable policies and consumer demand, can lead to a thriving Eggs Market in China.

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.