Eggs - New Zealand | Statista Market Forecast

The Eggs market in New Zealand's Dairy Products & Eggs Market within The Food market is experiencing minimal growth, impacted by various factors such as changing consumer preferences and fluctuating market prices. Despite this, the market continues to expand due to the convenience and health benefits of eggs, leading to steady growth in the industry.

Customer preferences: Consumers in New Zealand are becoming more health-conscious and are seeking out healthier food options, including free-range and organic eggs. This trend is driven by a growing awareness of the benefits of organic and ethically-sourced products. Additionally, there is a shift towards plant-based diets, with more consumers opting for egg substitutes made from plant ingredients. This reflects a cultural shift towards more sustainable and ethical consumption habits.

Trends in the market: In New Zealand, the Eggs Market within the Dairy Products & Eggs Market is experiencing a rise in consumer demand for organic and free-range eggs. This trend is driven by increasing health consciousness and concerns about animal welfare. As a result, producers are investing in sustainable and ethical farming practices 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 New Zealand, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong agricultural industry. The nation's strict regulations on animal welfare and organic farming have led to a consumer preference for locally sourced and ethically produced eggs. Additionally, New Zealand's geographical isolation has resulted in a high demand for imported eggs, driving innovation and competition within the market. The country's cultural love for breakfast foods, particularly eggs, also plays a significant role in shaping market trends and consumer behavior.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in New Zealand is heavily influenced by macroeconomic factors, such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The country's stable economic growth and strong consumer spending power have contributed to the steady demand for dairy products and eggs. Additionally, New Zealand's favorable regulatory environment and investment in the dairy industry have further boosted market growth. The country's aging population and rising health consciousness are also driving the demand for high-quality, nutritious eggs, creating a positive outlook for the Eggs Market within The Food market in New Zealand.

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.