Milk - Africa | Statista Market Forecast

Milk - Africa

Africa

Highlights

Revenue in the Milk market amounts to US$22.14bn in 2024. The market is expected to grow annually by 8.83% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$17.03 are generated in 2024.
In the Milk market, volume is expected to amount to 14.79bn kg by 2029. The Milk market is expected to show a volume growth of 3.4% in 2025.0.
The average volume per person in the Milk market is expected to amount to 9.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Africa within The Food market is experiencing minimal growth, impacted by factors such as fluctuating consumer demand and increasing competition. Despite this, the market is still expected to grow due to the convenience and health benefits of dairy products.

Customer preferences: As the demand for healthier and more sustainable food options continues to rise in Africa, there has been a noticeable shift towards plant-based milk alternatives. This is driven by a growing awareness of the environmental impact of dairy production, as well as health concerns regarding lactose intolerance and allergies. Additionally, the rise of veganism and flexitarianism among the younger demographic is also contributing to the increasing popularity of non-dairy milk options.

Trends in the market: In Africa, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing an increasing demand for organic and locally sourced milk products. This trend is being driven by a growing awareness of the health benefits of organic products, as well as a desire to support local farmers and promote sustainable agriculture. As a result, there has been a rise in small-scale dairy operations and a shift towards more traditional and natural farming methods. This trend is significant for industry stakeholders as it presents opportunities for market expansion and differentiation, but also poses challenges such as supply chain management and quality control. The trajectory of this trend is expected to continue as consumers become more health-conscious and environmentally aware, making it important for industry players to adapt and innovate to meet these changing demands.

Local special circumstances: In Africa, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the continent's diverse cultures and unique regulatory environments. For example, in countries with a large Muslim population, the market for dairy products is significantly impacted by halal certification requirements. Additionally, the lack of proper infrastructure and transportation systems in many African countries can create logistical challenges for dairy producers, leading to higher prices and limited availability. Furthermore, the growing trend towards sustainable and ethical production methods in Western countries has also influenced the market in Africa, with a greater emphasis on locally sourced and organic milk products.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Africa is greatly influenced by macroeconomic factors such as economic stability, government policies, and consumer spending. As a developing region, Africa's economic growth and stability have a significant impact on the demand for dairy products and eggs. In countries with a stable economy and favorable government policies, there is a higher demand for these products, leading to market growth. Additionally, as disposable incomes increase and consumer spending on food products rises, the demand for milk and dairy products also increases. However, factors such as inflation, currency fluctuations, and political instability can hinder market growth in certain countries.

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.