Key regions: India, United States, Russia, South Korea, Japan
The Eggs Market in the Dairy Products & Eggs Market within The Food market in Ethiopia is experiencing mild growth, driven by factors such as increasing demand for dairy products, growing awareness of the nutritional benefits of eggs, and the convenience of purchasing eggs online. This growth rate is impacted by various factors, including government initiatives to promote the consumption of dairy products and the availability of affordable and high-quality eggs in the market.
Customer preferences: As health and wellness continue to be top concerns for consumers in Ethiopia, there is a growing interest in alternative protein sources such as eggs. This is driven by cultural preferences for high-protein and nutrient-dense foods, as well as a desire for healthier and more sustainable diets. Additionally, with an increasing urban population and busy lifestyles, there is a rise in demand for convenient and easy-to-prepare food options, making eggs a popular choice for their versatility and affordability.
Trends in the market: In Ethiopia, 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 a growing consumer preference for healthier and more sustainable food options. As a result, more farmers are shifting towards organic and free-range egg production, and retailers are increasing their offerings of these products. Additionally, there has been an increase in the use of digital platforms for online egg sales, making it easier for consumers to access these products. This trend is expected to continue, as consumers become more health-conscious and demand for sustainable food options continues to rise.
Local special circumstances: In Ethiopia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's predominantly agricultural economy. With a large rural population, there is a strong demand for local, affordable sources of protein, making eggs a staple in the diet. Additionally, the government's focus on supporting small-scale poultry farmers has led to a thriving local egg production industry. However, challenges such as limited infrastructure and regulatory barriers can hinder the growth of the market.
Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Ethiopia is greatly influenced by macroeconomic factors such as population growth, income levels, and government policies. With a rapidly growing population and increasing disposable income, there is a growing demand for dairy and egg products in the country. The government's focus on promoting domestic production and reducing import dependency has also led to a favorable market environment for the dairy and eggs industry. Additionally, the recent investments in improving the country's infrastructure and agricultural sector have further boosted 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.
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