Eggs - North Macedonia | Statista Market Forecast

The Eggs Market in North Macedonia is experiencing minimal growth, impacted by factors such as low consumer awareness and limited availability of online services. Despite this, the market is expected to grow due to rising health consciousness and increasing adoption of digital technologies.

Customer preferences: As consumers become more health-conscious, the demand for organic and free-range eggs is on the rise in North Macedonia. This trend is driven by a growing awareness of the benefits of consuming eggs from hens raised without antibiotics or hormones, as well as a desire for more sustainable and ethical food choices. Additionally, with an increasing number of people adopting vegetarian or flexitarian diets, there is a growing demand for plant-based egg alternatives, such as tofu or chickpea-based egg substitutes. This shift in consumer preferences is also influenced by the rising popularity of veganism and a desire for more environmentally friendly food options.

Trends in the market: There is a growing trend in North Macedonia of incorporating eggs into various traditional and modern dishes, leading to an increase in demand for eggs in the country. Additionally, there is a rise in health consciousness among consumers, leading to a higher demand for organic and free-range eggs. This trend is expected to continue, as consumers are becoming more aware of the health benefits of eggs and the importance of sustainable and ethical food production. This presents a significant opportunity for industry stakeholders to cater to this demand by offering a variety of egg products and promoting sustainable and ethical production practices. Moreover, with the growing popularity of online shopping and home delivery services, there is a potential for the eggs market to expand its reach and tap into new markets.

Local special circumstances: In North Macedonia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural industry and its traditional cuisine. The demand for eggs in the country is driven by the use of eggs in popular dishes such as burek and other baked goods. Additionally, the country's strict regulations on egg production and labeling ensure high quality and safety standards for consumers. These unique factors contribute to the market dynamics and consumer preferences for eggs in North Macedonia.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in North Macedonia is impacted by various macroeconomic factors. The country's national economic health, fiscal policies, and global economic trends all play a role in shaping the performance of this market. In addition, factors such as consumer spending patterns, population growth, and government regulations also influence the demand and supply dynamics of the Eggs Market. Furthermore, the rising health consciousness among consumers and the increasing trend of plant-based diets are also expected to have a significant impact on the growth of this market in the coming years.

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.