Milk - Nepal | Statista Market Forecast

Milk - Nepal

Nepal

Highlights

Revenue in the Milk market amounts to US$386.80m in 2024. The market is expected to grow annually by 5.36% (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$12.38 are generated in 2024.
In the Milk market, volume is expected to amount to 303.70m kg by 2029. The Milk market is expected to show a volume growth of 0.6% in 2025.0.
The average volume per person in the Milk market is expected to amount to 9.4kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Nepal within The Food market is experiencing minimal growth, influenced by factors such as limited technological advancements, low consumer health awareness, and lack of convenience in accessing milk products.

Customer preferences: As consumers become more health conscious, there has been a noticeable increase in demand for organic and locally sourced dairy products in Nepal. This trend is driven by a growing preference for healthier and more sustainable food options. Additionally, there has been a rise in popularity of plant-based milk alternatives, particularly among younger demographics. This shift towards more conscious and ethical consumption is influenced by the increasing awareness of the impact of dairy production on the environment and animal welfare.

Trends in the market: In Nepal, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and locally-sourced milk products. This trend is driven by consumer concerns about food safety and sustainability, as well as a growing preference for natural and healthy food options. The trajectory of this trend is expected to continue as consumers become more health-conscious and prioritize ethical and sustainable consumption. This has significant implications for industry stakeholders, who will need to adapt their production and marketing strategies to cater to this growing demand for organic and locally-sourced milk. Furthermore, this trend presents an opportunity for small-scale dairy farmers in Nepal to tap into the growing market for organic milk products.

Local special circumstances: In Nepal, the Milk Market of the Dairy Products & Eggs Market within The Food market is influenced by the country's unique geographical and cultural factors. The mountainous terrain and lack of modern infrastructure make it difficult for dairy farmers to transport their products, leading to a higher cost of production and limited market reach. Additionally, the traditional preference for fresh milk over packaged milk and the religious taboo against consuming beef also impact the demand for dairy products in the market. These factors contribute to the local dynamics of the milk market in Nepal, setting it apart from other markets.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Nepal is influenced by various macroeconomic factors. One of the major factors is the country's economic health, which has a direct impact on consumer spending and demand for dairy products. Additionally, the global economic trends also play a crucial role in shaping the market, as Nepal heavily relies on imports for dairy products. Other factors such as fiscal policies, government subsidies, and investment in dairy infrastructure also influence market performance. Furthermore, the increasing population and changing dietary preferences are driving the demand for dairy products in Nepal, making it a promising market for dairy businesses.

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.