Eggs - Croatia | Statista Market Forecast

The Eggs Market in Croatia, within The Food market, is experiencing minimal growth due to factors like low consumer demand, limited technological advancements, and competition from other protein sources. Despite these challenges, the market continues to grow slowly, with potential for future growth as health concerns and online shopping habits increase.

Customer preferences: Consumers in Croatia are increasingly gravitating towards organic and free-range eggs, as well as those from locally sourced and sustainable farms. This trend is driven by a growing awareness of the health and environmental benefits of these products. Additionally, with the rise of flexitarian and plant-based diets, the demand for plant-based egg alternatives is also on the rise. This shift in consumer preferences is also influenced by a growing interest in animal welfare and ethical consumption.

Trends in the market: In Croatia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and cage-free eggs. This is driven by the increasing demand for healthier and more sustainable food options. Additionally, there is a rising trend of innovative packaging, such as biodegradable egg cartons, to reduce plastic waste. These trends not only align with consumer preferences, but also address environmental concerns. As a result, industry stakeholders must adapt by investing in organic and sustainable farming methods and exploring eco-friendly packaging solutions to stay competitive in the market.

Local special circumstances: In Croatia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong agricultural heritage and emphasis on locally-sourced products. This has led to a demand for organic and free-range eggs, as well as a growing trend towards sustainable and ethical farming practices. Additionally, Croatia's strict regulations on food production and labeling have created a high level of consumer trust in the quality and safety of eggs, further driving market growth.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Croatia is impacted by various macroeconomic factors. Global economic trends, such as changes in consumer preferences and purchasing power, can affect the demand for eggs in the country. Additionally, the national economic health of Croatia, including its GDP growth and inflation rates, can impact the affordability and availability of eggs for consumers. Fiscal policies, such as taxes and subsidies, can also influence the production and distribution of eggs. Other relevant financial indicators, such as exchange rates and trade policies, can also play a role in the performance of the eggs market in Croatia.

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.