Dairy Products & Eggs - Equatorial Guinea

Revenue in the Dairy Products & Eggs market amounts to US$261.20m in 2024. The market is expected to grow annually by 8.93% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$173bn in 2024).
In relation to total population figures, per person revenues of US$148.90 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 102.90m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 4.2% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 47.2kg in 2024.

Definition:

The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.

Structure:

The market consists of 8 different submarkets:

The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
The Yogurt market covers products that are made when milk is fermented by bacteria.
The Cheese market covers solid products obtained by coagulating milk.
Yogurt substitutes cover non-dairy alternatives to traditional yogurt
Cheese substitutes cover non-dairy alternatives to traditional cheese
The Eggs market covers chicken eggs.
The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible eggs.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh milk
Yogurt
Cheese
Eggs
preserved and powdered milk, cream, curd, yogurt drinks
Milk substitutes

Baby Food
Out-of-home consumption

The Dairy Products & Eggs market in Equatorial Guinea is experiencing minimal growth, driven by factors such as increasing health awareness and convenience of online services. However, challenges such as limited access to technology and lack of infrastructure may impact the market's growth rate.

Customer preferences: With the increasing awareness of the importance of a healthy diet, consumers in Equatorial Guinea are showing a growing preference for organic and locally sourced dairy products and eggs. This trend is driven by a growing interest in sustainable and ethical food production, as well as a desire for fresher and more natural ingredients. Additionally, the rising popularity of vegetarian and flexitarian diets is also contributing to the demand for dairy alternatives such as plant-based milks and egg substitutes.

Trends in the market: In Equatorial Guinea's Dairy Products & Eggs Market, there is a growing trend towards incorporating sustainable and environmentally-friendly practices in production and distribution. This trend is driven by increasing consumer demand for ethically-sourced and healthier products. As a result, industry stakeholders are investing in technology and processes to reduce carbon footprint and improve animal welfare. This shift towards sustainability not only benefits the environment but also presents opportunities for market growth and differentiation. With the global focus on sustainability and ethical sourcing, Equatorial Guinea's Dairy Products & Eggs Market is poised for continued growth and innovation.

Local special circumstances: In Equatorial Guinea, the Dairy Products & Eggs Market is heavily influenced by the country's geographical location and limited land resources. The hot and humid climate poses challenges for dairy farming, leading to a reliance on imported dairy products. Additionally, cultural preferences for fresh dairy products over processed ones impact market demand. The government's efforts to promote local dairy production through subsidies and incentives also play a significant role in shaping the market dynamics.

Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market in Equatorial Guinea is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's heavy reliance on oil exports makes it vulnerable to fluctuations in global oil prices, which in turn affects consumer spending and demand for dairy products and eggs. Furthermore, economic policies implemented by the government, such as import tariffs and subsidies, can also impact the market's performance. Additionally, factors such as population growth, income levels, and consumer preferences also play a role in the market's growth and development.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.