Dairy Products & Eggs - Lesotho | Statista Market Forecast

Revenue in the Dairy Products & Eggs market amounts to US$88.67m in 2024. The market is expected to grow annually by 8.41% (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$37.63 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 40.58m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 4.5% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 14.9kg 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 Lesotho is experiencing minimal growth, influenced by factors such as the country's small population and limited resources for dairy production. Additionally, the high costs associated with importing dairy products and eggs contribute to the sluggish growth rate. However, the increasing health consciousness among consumers and the convenience of online shopping are potential drivers for future growth in this market.

Customer preferences: Consumers in Lesotho are increasingly looking for healthier and more sustainable food options, leading to a growing demand for organic and locally sourced dairy products and eggs. This trend is driven by a shift towards a more health-conscious lifestyle and a desire for ethically produced food. In addition, the rising awareness of the environmental impact of dairy farming has also led to a preference for plant-based alternatives, such as almond milk and tofu, among some consumers. These shifts in consumer preferences are also reflected in the increasing availability of plant-based dairy products in the market.

Trends in the market: In Lesotho, the Dairy Products & Eggs Market within The Food market has seen a surge in demand for organic and locally sourced products. This trend is driven by consumers' increasing concerns for their health and the environment. As a result, dairy farmers are implementing sustainable practices and diversifying their product offerings. This trend is expected to continue, with potential implications for industry stakeholders such as increased competition and the need for innovative marketing strategies to target health-conscious consumers. Additionally, there is a growing trend of e-commerce and online grocery shopping in the country, providing a new avenue for dairy and egg producers to reach a wider market and expand their customer base.

Local special circumstances: In Lesotho, the Dairy Products & Eggs Market is heavily influenced by the country's geographic location and climate. Due to the mountainous terrain, dairy farming is not widely practiced, and most dairy products are imported. Additionally, cultural preferences for meat-based diets limit the demand for dairy products. The government's recent efforts to promote dairy farming and increase milk production have led to some growth in the market, but challenges such as limited infrastructure and lack of processing facilities continue to hinder its development.

Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market in Lesotho is greatly impacted by macroeconomic factors such as the country's GDP growth, inflation, government policies, and global economic trends. With a relatively small economy and high levels of poverty, Lesotho's dairy market is heavily reliant on imports from neighboring countries. However, the government's efforts to diversify the agriculture sector and promote local dairy production have led to a steady increase in domestic production and consumption. Additionally, the growing demand for dairy products in the global market and the country's favorable trade policies have also contributed to the growth of the market. Furthermore, the rising awareness about the health benefits of dairy products and the increasing disposable income of the population are expected to drive the demand for dairy products and eggs in Lesotho.

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.