Milk - North Macedonia

North Macedonia

Highlights

Revenue in the Milk market amounts to US$137.70m in 2024. The market is expected to grow annually by 7.07% (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$66.11 are generated in 2024.
In the Milk market, volume is expected to amount to 84.41m kg by 2029. The Milk market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Milk market is expected to amount to 36.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in North Macedonia is experiencing minimal growth due to various factors such as changing consumer preferences, competition from alternative products, and fluctuating milk prices. Despite these challenges, the market continues to expand, driven by the increasing demand for dairy products and eggs in the country.

Customer preferences: The Milk Market of the Dairy Products & Eggs Market within The Food market in North Macedonia has seen a rise in demand for plant-based milk alternatives, as more consumers are shifting towards a healthier and more sustainable diet. This trend is further driven by the growing preference for lactose-free options among individuals with dairy allergies or intolerances. Additionally, the increasing influence of Western food culture has led to a rise in popularity of artisanal and organic dairy products.

Trends in the market: In North Macedonia, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and plant-based milk alternatives. This trend is driven by consumers' increasing concerns about health and sustainability. Additionally, there is a rise in online grocery shopping, leading to an increase in e-commerce sales of dairy products. These trends are significant as they indicate a growing demand for healthier and more environmentally friendly options. Industry stakeholders should consider investing in these areas to meet consumer demands and stay competitive in the market.

Local special circumstances: In North Macedonia, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's geographical and cultural factors. The country's mountainous terrain and rural areas make it difficult for large-scale dairy production, resulting in a reliance on small-scale and traditional methods. Additionally, the country's strong dairy culture and preference for local, organic products have led to a unique market dynamic, with a focus on high-quality, locally-sourced dairy products. Furthermore, strict regulations on imports and subsidies for domestic dairy production also play a significant role in shaping the market.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in North Macedonia is heavily impacted by macroeconomic factors such as economic growth, consumer spending, and government policies. The country's stable economic growth and increasing disposable income have led to a growing demand for dairy products and eggs, particularly among the middle class. Moreover, the government's initiatives to support the agriculture sector and improve food safety standards have also contributed to the growth of the market. However, fluctuations in global milk prices and the impact of trade policies on imports and exports could potentially hinder market 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.