Eggs - Niger | Statista Market Forecast

The Eggs Market in Niger is experiencing subdued growth due to various factors, such as limited consumer awareness, lack of infrastructure, and low purchasing power. Despite this, the market is slowly growing due to increasing demand for dairy products and eggs in the food industry.

Customer preferences: With the growing demand for healthy and sustainable food options, consumers in Niger are increasingly turning to locally sourced and organic eggs. This trend is driven by a desire for transparency and trust in food production, as well as a growing concern for the environmental impact of industrial egg production. In addition, cultural preferences for fresh and natural ingredients are also influencing the shift towards locally produced eggs. This has led to a rise in small-scale egg farms and a decrease in imported eggs, highlighting a growing preference for sustainable and locally sourced food.

Trends in the market: In Niger, 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 due to increasing health consciousness and concerns about animal welfare. This trend is expected to continue as consumers are willing to pay a premium for higher quality and ethically produced eggs. This shift towards more sustainable and ethical practices is significant for industry stakeholders, who must adapt their production methods and marketing strategies to meet this demand. It also presents opportunities for new players to enter the market with innovative products that align with these values.

Local special circumstances: "In Niger, the Dairy Products & Eggs market is heavily influenced by the country's large pastoral economy and traditional dairy production methods. The nomadic lifestyle of many Nigerien herders has led to a strong demand for fresh, locally-sourced dairy products, which often cannot be met by large-scale industrial producers. Additionally, strict food safety regulations and a lack of infrastructure pose challenges for large-scale production and distribution, making the market largely reliant on small, local producers and informal markets.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economies and favorable fiscal policies tend to have a stronger demand for dairy and egg products, leading to market growth. Additionally, global economic trends, such as rising disposable incomes and changing consumer preferences, impact the demand for high-quality and nutritious dairy and egg products. These factors, along with the growing population and increasing urbanization, are expected to drive the growth of the Eggs Market in Niger.

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.