Milk - Bahrain | Statista Market Forecast

Milk - Bahrain

Bahrain

Highlights

Revenue in the Milk market amounts to US$87.71m in 2024. The market is expected to grow annually by 4.84% (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$58.52 are generated in 2024.
In the Milk market, volume is expected to amount to 78.17m kg by 2029. The Milk market is expected to show a volume growth of 2.8% in 2025.0.
The average volume per person in the Milk market is expected to amount to 46.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Dairy Products & Eggs Market in Bahrain has seen minimal growth due to factors such as low consumer awareness and limited online services. Despite this, the market is slowly expanding.

Customer preferences: Consumers in Bahrain are increasingly seeking healthier alternatives to traditional dairy products, leading to a rise in demand for plant-based milk options. This trend is driven by a growing awareness of the health benefits of plant-based diets, as well as an increasing number of individuals choosing to follow vegetarian or vegan lifestyles. Additionally, the convenience and accessibility of plant-based milk, especially through online delivery platforms, have also contributed to its popularity among consumers.

Trends in the market: In Bahrain, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and plant-based milk alternatives. This trend is driven by consumer preferences for healthier and more sustainable options. As a result, dairy companies are investing in research and development to expand their product offerings to include these alternatives. This trend is expected to continue, with industry stakeholders focusing on innovation and diversification to meet evolving consumer demands. Additionally, the rise in e-commerce and online grocery shopping is providing new opportunities for dairy companies to reach a wider customer base and increase sales.

Local special circumstances: In Bahrain, the Milk Market within the Dairy Products & Eggs Market is heavily influenced by the country's small size and high population density. This leads to a focus on locally produced and imported milk, with little room for international competition. Additionally, cultural preferences for fresh, unpasteurized milk has resulted in a thriving market for small-scale, traditional milk producers. Government regulations also play a significant role in the market, with strict quality and safety standards that must be met by all milk products sold in the country. These unique factors create a highly localized and regulated market for milk in Bahrain.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Bahrain is also affected by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The stability of the global economy and favorable national economic conditions can increase consumer spending on dairy products, leading to market growth. Fiscal policies that support the dairy industry, such as subsidies and tax incentives, can also positively impact market performance. However, unfavorable economic conditions and policies can hinder market growth. Additionally, factors such as inflation, currency exchange rates, and consumer purchasing power can also influence the demand for dairy products in Bahrain.

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.