Eggs - Gabon | Statista Market Forecast

The Eggs Market in Gabon is experiencing minimal growth due to factors such as low consumer awareness and limited access to digital technologies. Despite this, convenience and health consciousness are driving some growth in online egg sales within the wider Food Market.

Customer preferences: As consumers become more health-conscious, there is a growing demand for organic and free-range eggs in Gabon. This trend is driven by a desire for healthier and more sustainable food choices, as well as concerns over animal welfare. Additionally, the rise of flexitarian diets and plant-based alternatives has led to a decrease in egg consumption, as consumers look for alternative sources of protein. This shift is expected to continue as consumers prioritize ethical and environmentally-friendly food options.

Trends in the market: In Gabon, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and free-range eggs, as consumers become more health-conscious and environmentally aware. This trend is expected to continue, with an increasing demand for ethically-sourced and sustainable food products. This presents opportunities for industry stakeholders to tap into this trend by offering certified organic and free-range eggs, targeting health-conscious and environmentally-conscious consumers. Furthermore, this trend may also lead to the adoption of more sustainable and humane farming practices, ultimately benefiting the overall industry.

Local special circumstances: In Gabon, the Eggs Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's tropical climate and dependence on imported goods. This has led to a limited supply of eggs, making them a premium product in the market. Additionally, cultural preferences for fresh, locally sourced food have created a demand for organic and free-range eggs. The government's efforts to promote the dairy industry have also impacted the market, with regulations in place to ensure quality and safety standards. These unique factors shape the market dynamics and contribute to the growth of the Eggs Market in Gabon.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Gabon is influenced by a variety of macroeconomic factors. These include global economic trends, such as changes in consumer preferences and purchasing power, as well as national economic health, which can affect consumer spending and demand for eggs. Fiscal policies, such as tariffs and taxes, also play a role in the market's performance, as they can impact the cost of production and distribution. Additionally, other financial indicators, such as inflation rates and currency exchange rates, can impact the profitability of the market and influence pricing strategies. Overall, a stable and growing economy, along with favorable fiscal policies and financial indicators, can support the growth of the Eggs Market in Gabon and drive demand for eggs.

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.