Milk - Chad | Statista Market Forecast

Revenue in the Milk market amounts to US$166.60m in 2024. The market is expected to grow annually by 9.32% (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$8.84 are generated in 2024.
In the Milk market, volume is expected to amount to 198.40m kg by 2029. The Milk market is expected to show a volume growth of 5.1% in 2025.0.
The average volume per person in the Milk market is expected to amount to 8.3kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

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.

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Regular fresh milk
Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
Flavored milk, barista milk
Lactose-free milk

Preserved and powdered milk
Yogurt drinks
Non-dairy milk substitutes
Out-of-home consumption

In Chad nan's Dairy Products & Eggs Market, the Milk Market is experiencing minimal growth due to factors such as low consumer awareness and limited access to digital technologies. However, increasing health consciousness and the convenience of online services may drive future growth in this market.

Customer preferences: In Chad, there has been a notable increase in demand for plant-based milk alternatives, as consumers become more health-conscious and environmentally aware. Additionally, there has been a growing preference for locally sourced and organic dairy products, reflecting a shift towards sustainable and ethically produced food. These trends are also driven by a younger demographic who prioritize health and ethical consumption in their purchasing decisions. This shift towards plant-based and sustainable dairy options is expected to continue in the Milk Market of the Dairy Products & Eggs Market within The Food market market.

Trends in the market: In Chad, there has been a recent increase in demand for dairy products, particularly milk, due to the growing population and changing dietary habits. This trend is expected to continue as more people shift towards a more Westernized diet. In the Milk Market of the Dairy Products & Eggs Market, there is a growing trend of organic and plant-based milk alternatives, driven by health and environmental concerns. This trend is significant as it reflects a shift towards healthier and more sustainable options. Industry stakeholders should take note of this trend and adapt their product offerings accordingly to meet the changing demands of consumers in Chad.

Local special circumstances: In Chad, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's arid and landlocked geography, making it difficult to import dairy products. This has led to a high demand for locally produced milk, creating opportunities for small-scale dairy farmers. Additionally, cultural preferences for fermented milk products have shaped the market, with a variety of traditional dairy products being sold in local markets. The regulatory environment also plays a role, with government policies aimed at promoting self-sufficiency in the dairy industry. These factors contribute to a unique market dynamic in Chad's Milk Market.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Chad is heavily influenced by macroeconomic factors such as the country's economic stability, fiscal policies, and global economic trends. Chad has a relatively small economy with limited diversification, and its dependency on the oil sector makes it susceptible to fluctuations in global oil prices. The country's high poverty rate and limited access to healthcare services also impact the demand for dairy products, as consumers may prioritize spending on other basic needs. Furthermore, the recent political instability and civil conflicts have hindered economic growth and investment in the country, affecting the overall performance of the Milk Market.

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.