Eggs - Gambia | Statista Market Forecast

The Eggs Market in the Dairy Products & Eggs Market within The Food market in Gambia has seen moderate growth due to factors such as increased demand for protein-rich foods, rising health consciousness, and the convenience of online purchasing. However, subdued growth is being impacted by factors such as high production costs and limited market access for small-scale producers.

Customer preferences: As consumers become more health-conscious and environmentally aware, there has been a growing trend towards organic and free-range eggs in Gambia. This shift is driven by a desire for healthier and more sustainable food options, with consumers willing to pay a premium for ethically sourced eggs. Additionally, there is a growing interest in alternative egg products, such as plant-based or vegan options, as more individuals adopt plant-based diets. This trend is expected to continue as consumers prioritize health and sustainability in their food choices.

Trends in the market: In Gambia, the Eggs Market of the Dairy Products & Eggs Market within The Food market industry is experiencing a rise in demand for organic and free-range eggs. This trend is driven by increasing consumer awareness and preference for healthier and ethically-sourced food options. As a result, producers are investing in sustainable farming practices and certifications to meet this demand. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need to adapt to changing consumer preferences.

Local special circumstances: In Gambia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's climate and geographical location. The hot and humid climate makes it challenging to preserve eggs, leading to a high demand for fresh eggs and limiting the availability of processed eggs. Additionally, Gambia's predominantly Muslim population has specific dietary restrictions, leading to a higher demand for halal-certified eggs. These unique factors play a significant role in shaping the dynamics of the Eggs Market in Gambia.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Gambia is heavily influenced by macroeconomic factors such as fluctuating global demand, government policies, and economic stability. As a developing country, Gambia's economic health is closely tied to global economic trends, making it vulnerable to external shocks. Furthermore, government policies such as trade agreements and tariffs can greatly impact the import and export of dairy products and eggs, affecting market performance. The country's fiscal policies, including taxation and subsidies, also play a significant role in shaping the market. Additionally, factors such as population growth, disposable income, and consumer preferences can impact the demand for dairy products and eggs in Gambia.

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.