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  4. Dairy Products & Eggs

Milk - Costa Rica

Costa Rica
  • Revenue in the Milk market amounts to US$400.60m in 2024. The market is expected to grow annually by 4.44% (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$76.35 are generated in 2024.
  • In the Milk market, volume is expected to amount to 315.40m kg by 2029. The Milk market is expected to show a volume growth of 2.7% in 2025.0.
  • The average volume per person in the Milk market is expected to amount to 52.8kg 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.

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

In-Scope

  • 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

Out-Of-Scope

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

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Milk Market in Costa Rica is facing negligible growth, impacted by factors such as fluctuating milk prices, competition from alternative dairy products, and changing consumer preferences. However, increasing health consciousness and convenience of online purchases are driving the demand for dairy products.

Customer preferences:
As health and wellness continue to be top priorities for consumers in Costa Rica, there has been a notable shift towards plant-based milk alternatives in the Milk Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by health concerns, environmental consciousness, and ethical considerations. Additionally, there is a growing demand for organic and locally-sourced milk products, reflecting a shift towards more sustainable and natural food options.

Trends in the market:
In Costa Rica, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and locally-sourced dairy products. This trend is driven by consumer demand for healthier and more sustainable options. In addition, there is a growing focus on transparency and traceability in the supply chain, as consumers want to know where their food comes from. This trend is expected to continue, as both domestic and international markets place a higher value on ethically and environmentally responsible products. As a result, industry stakeholders will need to adapt their production and sourcing practices to meet these changing consumer preferences.

Local special circumstances:
In Costa Rica, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's small-scale farming sector and its focus on sustainable and organic production. The country's rich biodiversity and tropical climate also contribute to the production of high-quality, diverse milk products. Additionally, Costa Rica's strict regulations on food safety and animal welfare ensure the production of safe and ethically-sourced dairy products, making it an attractive market for health-conscious consumers. The country's commitment to environmental sustainability and its growing tourism industry also create opportunities for value-added dairy products, such as organic and specialty cheeses.

Underlying macroeconomic factors:
The Milk Market of the Dairy Products & Eggs Market within The Food market in Costa Rica is heavily influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. The country's stable economic growth and increasing disposable income of its population have led to a growing demand for dairy products and eggs, driving market growth. Additionally, government initiatives to support the agriculture sector and promote food security have also contributed to the development of the market. Moreover, the growing trend of health-consciousness among consumers and the rising popularity of organic and natural products are expected to drive the demand for quality dairy products and eggs in the country.

Methodology

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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