Eggs - Southern Asia | Statista Market Forecast

The Eggs market in Southern Asia is facing subdued growth due to various factors such as changing consumer preferences, increasing health concerns and the convenience of online services. Despite this, the market is still experiencing growth due to the rising demand for healthier food options.

Customer preferences: As societies become more health-conscious, there is a growing demand for organic and free-range eggs in Southern Asia. This trend is driven by a growing awareness of the benefits of a nutritious and environmentally-friendly diet. Additionally, with the rise of vegetarianism and veganism in the region, there is a growing demand for plant-based egg substitutes, creating new opportunities for innovation in the market.

Trends in the market: In Southern Asia, 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, driven by increasing health consciousness among consumers. Furthermore, there is a growing trend of using e-commerce platforms for purchasing eggs, providing convenience and access to a wider range of products. This shift towards healthier and more convenient options is expected to continue, presenting opportunities for industry stakeholders to tap into this growing market segment.

Local special circumstances: In Southern Asia, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by cultural preferences and dietary habits. For example, in India, eggs are considered a staple protein source for vegetarians and are often incorporated into traditional dishes. In contrast, in countries like Pakistan and Bangladesh, eggs are more commonly consumed as a standalone protein source. Additionally, regulatory restrictions on the import and export of eggs also play a significant role in shaping the market dynamics in this region.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors in Southern Asia. The region's economic growth, trade policies, and government regulations have a significant impact on the market performance. As the region continues to experience steady economic growth, there is a rise in disposable income and a growing middle class, leading to an increase in demand for dairy and eggs. Additionally, the government's efforts to improve agricultural productivity and promote sustainable farming practices have positively influenced market growth. However, challenges such as limited access to credit and unstable prices for raw materials can hinder market growth. Overall, the region's economic stability and government policies play a crucial role in shaping the Eggs Market in Southern Asia.

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.