Dairy Products & Eggs - New Zealand

Revenue in the Dairy Products & Eggs market amounts to US$1.85bn in 2024. The market is expected to grow annually by 5.30% (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$351.50 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 462.40m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.9% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 77.0kg 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 New Zealand is experiencing minimal growth, influenced by factors such as fluctuating consumer demand, increasing competition from milk and yogurt substitutes, and changing dietary preferences towards plant-based alternatives. These sub-markets have also been impacted by rising health consciousness and convenience offered by online shopping. Overall, the market is expected to continue its slow growth in the coming years due to these factors.

Customer preferences: There has been a growing demand for plant-based dairy alternatives in New Zealand, driven by a rise in health-conscious consumers and those following specific diets such as veganism and vegetarianism. This trend is also influenced by the increasing awareness of ethical and environmental concerns surrounding traditional dairy production. As a result, companies are introducing more diverse and innovative plant-based dairy products to cater to this growing market.

Trends in the market: In New Zealand, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards more sustainable and ethical practices. Consumers are increasingly demanding products from free-range and organic farms, leading to a rise in demand for these types of products. This trend is significant as it reflects a growing awareness and concern for animal welfare and environmental impact. For industry stakeholders, this trend presents opportunities for differentiation and innovation in product offerings. Furthermore, it also highlights the need for transparency and traceability in the supply chain. Overall, this trend has the potential to drive positive change and increase consumer trust in the dairy and egg industry in New Zealand.

Local special circumstances: In New Zealand, the Dairy Products & Eggs Market is heavily influenced by the country's geographical location and its strong agricultural sector. The temperate climate and fertile land make it an ideal location for dairy farming, leading to a high production of milk and eggs. Additionally, the country's strong cultural ties to dairy products, such as their national drink, "the flat white," drive demand for these products. Furthermore, the New Zealand government has implemented strict regulations on dairy production, ensuring high quality and safety standards, making their products highly sought after in international markets.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in New Zealand is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The country's stable economy and favorable regulatory environment have led to a strong demand for dairy products and eggs. Additionally, the growing health consciousness among consumers and the increasing trend of vegetarian and plant-based diets are driving the demand for dairy alternatives. Moreover, the country's strong investment in agriculture and food production has ensured a steady supply of high-quality dairy products and eggs, further contributing to the 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.

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.