Milk - Togo | Statista Market Forecast

Revenue in the Milk market amounts to US$57.23m in 2024. The market is expected to grow annually by 8.25% (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$6.18 are generated in 2024.
In the Milk market, volume is expected to amount to 56.28m kg by 2029. The Milk market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Milk market is expected to amount to 5.1kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Regular fresh milk
Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
Flavored milk, barista milk
Lactose-free milk

Preserved and powdered milk
Yogurt drinks
Non-dairy milk substitutes
Out-of-home consumption

The Milk Market in Togo is seeing minimal growth, affected by factors such as low consumer awareness and limited availability of digital technologies. Despite this, increasing health consciousness and convenience of online services are driving some growth in the market.

Customer preferences: The Milk Market in Togo is experiencing a shift towards alternative dairy products such as plant-based milk and lactose-free options. This trend is driven by a growing awareness of health and environmental concerns, as well as an increase in lactose intolerance. In addition, there is a rising demand for locally sourced and organic dairy products, as consumers prioritize supporting small-scale farms and sustainable production methods. These preferences reflect a cultural shift towards more conscious and ethical consumption habits in The Food market.

Trends in the market: In Togo, 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 increasing consumer awareness and preference for natural and sustainable options. As a result, dairy farmers are shifting towards sustainable farming practices and investing in technology to improve milk quality. This trend is significant as it not only supports the local economy but also promotes healthier and more environmentally-friendly dairy production. Industry stakeholders such as farmers, processors, and retailers can benefit from this trend by adapting their operations to meet the growing demand for organic milk products. Additionally, this trend has potential implications for the overall food market in Togo, as it reflects a shift towards more conscious and ethical consumption patterns.

Local special circumstances: In Togo, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's tropical climate and its predominantly agricultural economy. The hot and humid weather makes it challenging to maintain the quality and freshness of dairy products, leading to a high demand for locally sourced milk. Additionally, Togo's government has implemented strict regulations on imported dairy products, creating a more competitive market for local dairy farmers. This, coupled with the country's cultural preference for fresh, locally produced dairy products, has resulted in a unique market dynamic for Togo's Milk Market.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Togo is impacted by several macroeconomic factors. The country's overall economic health, as well as global economic trends, play a significant role in the market's performance. Fiscal policies, such as taxes and subsidies, also influence the demand and supply of dairy products and eggs in the market. Other financial indicators, such as inflation and exchange rates, can affect the prices and availability of these products. Additionally, the country's population growth and demographic trends, particularly the increasing urbanization and rising middle-class, are driving the demand for dairy products and eggs in Togo.

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.