Milk - Namibia | Statista Market Forecast

Milk - Namibia

Namibia

Highlights

Revenue in the Milk market amounts to US$48.03m in 2024. The market is expected to grow annually by 5.79% (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$18.15 are generated in 2024.
In the Milk market, volume is expected to amount to 38.40m kg by 2029. The Milk market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Milk market is expected to amount to 12.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Namibia has seen minimal growth due to factors such as low consumer awareness and limited access to technology. Despite this, the convenience of online milk services has led to a slight increase in demand.

Customer preferences: The increasing awareness of the health benefits of plant-based diets has led to a rise in demand for dairy alternatives in Namibia. This trend is driven by a growing population of health-conscious consumers who are looking for lactose-free and vegan options. Additionally, the rising prevalence of lactose intolerance and the increasing availability of dairy-free products in the market have also contributed to the growth of the non-dairy milk market. As a result, companies are expanding their dairy-free product lines to cater to this growing consumer demand.

Trends in the market: In Namibia, the Milk Market within the Dairy Products & Eggs Market is experiencing a growing trend towards organic and locally sourced milk. With consumers becoming increasingly health-conscious and environmentally aware, there is a higher demand for milk that is free from hormones and antibiotics. This trend is expected to continue, with potential implications for industry stakeholders such as dairy farmers and retailers who may need to adapt their production and distribution methods to meet this demand. Additionally, there is a potential for partnerships and collaborations between local dairy producers and retailers to meet the growing demand for organic milk.

Local special circumstances: In Namibia, the Milk Market within the Dairy Products & Eggs Market is greatly influenced by the country's unique regulatory environment. The government has implemented strict quality standards for dairy products, leading to an increase in demand for locally produced milk. Additionally, Namibia's diverse cultural landscape has resulted in a variety of milk-based products, such as fermented milk and traditional dairy products. This has created a niche market for small-scale producers, contributing to the overall growth of the milk market in Namibia.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Namibia is significantly impacted by macroeconomic factors such as consumer purchasing power, government policies, and trade agreements. The country's economic health, with a stable GDP and low inflation rates, contributes to a favorable business environment for milk producers. Additionally, the government's focus on promoting dairy production and expanding export markets further boosts the growth of the milk market. The country's membership in the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA) also present opportunities for the milk market to tap into regional and continental markets. However, factors such as limited access to credit and high production costs pose challenges for the milk market's growth.

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.