Dairy Products & Eggs - Mongolia | Statista Market Forecast

Revenue in the Dairy Products & Eggs market amounts to US$341.30m in 2024. The market is expected to grow annually by 9.40% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$173bn in 2024).
In relation to total population figures, per person revenues of US$97.70 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 163.40m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 3.6% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 39.6kg in 2024.

Definition:

The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.

Structure:

The market consists of 8 different submarkets:

The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
The Yogurt market covers products that are made when milk is fermented by bacteria.
The Cheese market covers solid products obtained by coagulating milk.
Yogurt substitutes cover non-dairy alternatives to traditional yogurt
Cheese substitutes cover non-dairy alternatives to traditional cheese
The Eggs market covers chicken eggs.
The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible eggs.

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.

Fresh milk
Yogurt
Cheese
Eggs
preserved and powdered milk, cream, curd, yogurt drinks
Milk substitutes

Baby Food
Out-of-home consumption

The Dairy Products & Eggs market in Mongolia has been witnessing steady growth, driven by factors such as increasing demand for healthy and nutritious food options, rising health consciousness among consumers, and the convenience of online shopping for dairy products and eggs. However, the market growth rate remains minimal due to challenges such as limited production capacity and high transportation costs in the country. Nonetheless, with the introduction of new substitutes for milk, yogurt, and cheese, the market is expected to experience moderate growth in the coming years.

Customer preferences: With the rise of health awareness and concerns about food safety, consumers in Mongolia are increasingly opting for locally produced dairy products and eggs. This trend has been further reinforced by the country's nomadic culture, where animal husbandry and dairy production are deeply ingrained. As a result, there has been a growing demand for organic and ethically sourced dairy and egg products, with consumers willing to pay a premium for these qualities. Additionally, the younger generation is increasingly attracted to healthier and more sustainable food options, leading to a rise in demand for plant-based dairy alternatives.

Trends in the market: In Mongolia, the Dairy Products & Eggs market is experiencing a surge in demand for organic and locally sourced products. This trend is driven by increasing consumer awareness about the health benefits of organic food, as well as a growing preference for supporting local farmers. This trajectory is expected to continue, with more companies investing in sustainable and ethical production methods. This trend has significant implications for industry stakeholders, as it presents opportunities for market growth and differentiation. However, it also poses challenges in terms of supply chain management and cost control for producers.

Local special circumstances: In Mongolia, the Dairy Products & Eggs Market is heavily influenced by the country's nomadic culture and vast pasturelands. The majority of dairy products are sourced from small-scale herders and sold locally, making it a unique market compared to other countries. Additionally, government subsidies and regulations on imported dairy products play a significant role in shaping market dynamics. The country's harsh climate and limited infrastructure also present challenges for the production and distribution of dairy products, further differentiating the market from others.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in Mongolia is heavily influenced by macroeconomic factors such as economic growth, consumer purchasing power, and government policies. With a growing economy and increasing disposable income, the demand for dairy products and eggs is expected to rise. Furthermore, favorable government initiatives to support the agriculture sector and promote domestic production are also expected to drive market growth. However, the market may face challenges due to fluctuations in global commodity prices and supply chain disruptions caused by the COVID-19 pandemic.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.