Key regions: Russia, India, Canada, Japan, South Korea
The Milk Market in Lebanon's Dairy Products & Eggs Market is experiencing minimal growth, influenced by factors such as changing consumer preferences and fluctuating milk prices. Despite the convenience of online services, traditional milk consumption remains dominant.
Customer preferences: With the rise of health and wellness trends, consumers in Lebanon are increasingly seeking dairy products and eggs from organic and local sources. This trend is driven by a growing awareness of the benefits of sustainable and ethical food choices, as well as a desire for fresher and healthier options. Additionally, the demand for plant-based milk alternatives is also on the rise, catering to the growing number of health-conscious and environmentally conscious consumers. This shift towards organic, local, and plant-based options is also influenced by cultural and religious beliefs, as well as concerns over animal welfare and the environmental impact of traditional dairy farming practices.
Trends in the market: In Lebanon, the Milk Market of the Dairy Products & Eggs Market within The Food market has experienced a surge in demand for organic and locally-sourced milk products. This trend is driven by consumers' increasing awareness and preference for healthier and more sustainable food options. As a result, dairy producers and retailers are investing in organic farming practices and promoting their products as environmentally friendly. This trend is expected to continue, and industry stakeholders must adapt by incorporating sustainability into their business strategies to remain competitive in the market.
Local special circumstances: In Lebanon, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's rich agricultural heritage and Mediterranean climate. Local dairy farms produce high-quality milk and cheese, while the proximity to the sea allows for a wide variety of seafood products. Additionally, strict food safety regulations ensure the freshness and quality of dairy products, making them a staple in Lebanese cuisine. The market is also driven by cultural traditions, with dairy products being a part of many traditional dishes and meals. However, political instability and economic challenges have affected the market, leading to fluctuations in supply and demand.
Underlying macroeconomic factors: The demand for milk products in Lebanon is largely influenced by macroeconomic factors such as consumer purchasing power, inflation rates, and government policies. The country's economic health, as well as global economic trends, can impact the market performance of dairy products and eggs. In recent years, Lebanon has faced economic challenges, including high inflation and currency devaluation, which have led to a decrease in consumer spending. However, the government has implemented policies to support the agricultural sector, which has positively impacted the milk market. Furthermore, the growing population and increasing urbanization in Lebanon are driving the demand for dairy products and eggs, as they are considered essential food items in the traditional Lebanese diet.
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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