Key regions: India, United States, Russia, South Korea, Japan
The Eggs Market in the Dairy Products & Eggs Market of The Food market in India is facing subdued growth due to various factors such as changing consumer preferences, increasing competition, and fluctuating prices. Despite this, the market is still experiencing growth, driven by rising health awareness and the convenience of online services.
Customer preferences: The growing health consciousness among consumers in India has led to an increased demand for organic, free-range, and cage-free eggs. This trend is driven by a desire for healthier and more sustainably-sourced food options. Additionally, there is a rising preference for plant-based eggs among the vegan and vegetarian population. This shift towards alternative egg options is influenced by cultural practices and dietary preferences, as well as concerns for animal welfare and environmental sustainability.
Trends in the market: In India, the Eggs Market within the Dairy Products & Eggs Market is experiencing a surge in demand for organic and free-range eggs. This trend is being driven by increasing health consciousness among consumers and a growing preference for ethically sourced products. Additionally, the use of technology in egg production, such as automated egg collection and processing, is gaining momentum. These trends indicate a shift towards sustainable and technology-driven practices in the Indian eggs market, which could have significant implications for industry players in terms of adapting to changing consumer preferences and improving efficiency.
Local special circumstances: In India, the Eggs Market of the Dairy Products & Eggs Market within The Food market is highly influenced by the country's diverse cultural and religious practices. For instance, due to the large vegetarian population, egg consumption is limited which in turn affects the demand for eggs in the market. Moreover, the government's regulations on the production and sale of eggs also play a significant role in shaping the market dynamics. Additionally, the country's geographical diversity also impacts the availability and transportation of eggs, further affecting the market.
Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in India is heavily impacted by macroeconomic factors such as the country's economic growth, consumer spending, and government policies. The increasing disposable income and changing dietary preferences of the growing middle-class population are driving the demand for eggs as a high-protein and affordable food source. However, the market is also affected by global factors such as fluctuating commodity prices and trade policies. Additionally, the Indian government's initiatives to promote dairy and poultry farming, along with favorable regulatory support, are expected to further boost the growth of the Eggs Market in the country.
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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