Key regions: Russia, India, Canada, Japan, South Korea
The Milk Market in Egypt is facing subdued growth due to factors like low consumer awareness, limited technological adoption, and preference for traditional dairy products. Despite this, the market is expected to grow in the coming years, driven by increasing health consciousness and the convenience of online milk services.
Customer preferences: As health and wellness become more prevalent in Egyptian culture, consumers are gravitating towards plant-based milk alternatives in the Milk Market. This trend is driven by a growing awareness of the health and environmental benefits of plant-based products. Additionally, the rise of veganism and lactose intolerance among younger demographics has also contributed to the demand for alternative milk products. This shift towards plant-based options is expected to continue, as more consumers prioritize health and sustainability in their purchasing decisions.
Trends in the market: In Egypt, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more organic and locally-sourced products. This trend is being driven by consumer demand for healthier and more sustainable options. Additionally, there is a growing interest in plant-based milk alternatives, such as soy and almond milk. This trajectory towards healthier and more diverse milk options is significant for both consumers and industry stakeholders. It presents opportunities for producers to tap into new markets and for retailers to cater to the changing preferences of consumers. However, it also poses challenges for traditional dairy farmers and processors to adapt to these new trends and remain competitive in the market.
Local special circumstances: In Egypt, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's large and growing population, which has resulted in a high demand for dairy products and eggs. Additionally, the hot and arid climate of Egypt makes it challenging for local farmers to produce sufficient milk and eggs, leading to a reliance on imports. Furthermore, cultural preferences for dairy and egg consumption have also shaped the market, with a preference for fresh and locally sourced products. These factors contribute to a unique market dynamic that sets Egypt apart from other markets.
Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Egypt is influenced by various macroeconomic factors. The global demand for dairy products and eggs, coupled with the increasing population and changing dietary preferences, has led to a rise in the consumption of milk in Egypt. The country's stable economic growth and favorable policies towards the agricultural sector have also contributed to the growth of the milk market. Moreover, the government's efforts to modernize the dairy industry and improve the quality of milk production have attracted investments, leading to increased production and market expansion. However, challenges such as inflation, currency fluctuations, and trade barriers can impact the market's growth in Egypt.
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.
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