Key regions: Spain, Canada, United Kingdom, United States, Philippines
The Dairy Products & Eggs market in EMEA is seeing moderate growth, driven by factors such as increasing consumer demand for healthier options, rising health consciousness, and the convenience of online purchasing. Sub-markets such as Milk and Yogurt are experiencing a steady growth rate, while Cheese and Other Dairy Products & Eggs are facing challenges due to changing dietary trends. The market for Milk Substitutes, Yogurt Substitutes, and Cheese Substitutes is also expected to grow as more consumers opt for plant-based alternatives. These factors, along with the minimal growth rate, are impacting the overall market in EMEA.
Customer preferences: In the EMEA region, there has been a growing trend towards plant-based and vegan diets, driven by an increasing awareness of health and sustainability. This has resulted in a rise in demand for dairy-free and egg-free alternatives, such as plant-based milk and egg substitutes. Furthermore, the rise of flexitarian and vegetarian lifestyles has also contributed to the growth of this market segment. As a result, food companies are investing in research and development to innovate and cater to the changing consumer preferences.
Trends in the market: In EMEA's Dairy Products & Eggs Market, the current trend is a growing demand for organic and plant-based alternatives. This trend is driven by increasing health consciousness and ethical concerns surrounding animal agriculture. As a result, companies are investing in research and development to create innovative products that cater to this demand. Additionally, there is a rising focus on sustainability and reducing the carbon footprint of the industry, leading to the adoption of eco-friendly practices and packaging. These trends have significant implications for industry stakeholders, as they must adapt to changing consumer preferences and embrace sustainable practices to remain competitive in the market. Failure to do so could result in losing market share to more environmentally conscious competitors.
Local special circumstances: In EMEA, the Dairy Products & Eggs Market within The Food market is influenced by various unique factors. In Europe, the market is heavily regulated with strict food safety standards, leading to a high demand for organic and locally sourced dairy products. In the Middle East, cultural preferences for fresh dairy products have resulted in a thriving market for camel milk. In Africa, limited access to refrigeration has led to a preference for shelf-stable dairy products, such as powdered milk. These local factors greatly shape market dynamics and consumer preferences in the region.
Underlying macroeconomic factors: The growth of the Dairy Products & Eggs Market within The Food market in EMEA is influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. For instance, countries with a stable and growing economy are likely to experience higher demand for dairy products and eggs, as consumers have more disposable income. Furthermore, government policies and subsidies can also impact the market, as they can either stimulate or hinder production and consumption. Additionally, the increasing health consciousness among consumers and the growing demand for protein-rich diets are also driving the market growth for dairy products and eggs in EMEA.
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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