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:
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.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Dairy Products & Eggs market in The Food market of Niger is seeing moderate growth due to factors such as increasing health awareness, convenient online services, and the popularity of milk and yogurt substitutes. However, the growth rate is subdued due to challenges in supply chain and distribution, as well as consumer preference for traditional dairy products.
Customer preferences: The dairy products and eggs market in Niger has seen a rise in demand for organic and locally-sourced products, as consumers become more health-conscious and environmentally aware. In addition, there has been an increase in demand for dairy alternatives such as plant-based milks and vegan cheeses, reflecting a growing interest in plant-based diets. This shift towards alternative products is also driven by the rise of flexitarianism and dietary restrictions, highlighting a shift towards more mindful and inclusive consumption patterns.
Trends in the market: In Niger, the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic and locally-sourced products. This trend is driven by consumers' increasing concerns about health and sustainability, as well as the government's efforts to promote domestic production. As a result, major players in the industry are investing in sustainable farming practices and expanding their product portfolios to cater to this growing segment. This trend is expected to continue, with potential implications including a shift towards more sustainable and ethical practices in the industry and a diversification of product offerings to meet evolving consumer preferences.
Local special circumstances: In Niger, the Dairy Products & Eggs Market is heavily influenced by the country's largely rural population and limited access to modern farming techniques. This has led to a reliance on traditional livestock rearing methods, resulting in a smaller and less developed dairy sector compared to other markets. Additionally, cultural and religious practices also impact the consumption of dairy products, with a preference for locally produced milk and dairy items. These unique local factors contribute to a slower growth rate and less competition in the market compared to other regions.
Underlying macroeconomic factors: The Dairy Products & Eggs Market in Niger is heavily influenced by macroeconomic factors such as economic stability, government policies, and consumer purchasing power. With a growing population and increasing disposable income, there is a growing demand for dairy products and eggs in the country. Additionally, the global trend towards healthier and more sustainable food options is also impacting the market, with consumers seeking out organic and locally sourced products. However, challenges such as limited infrastructure and high production costs may hinder market growth. Overall, a stable economy and supportive government policies can drive the growth of the Dairy Products & Eggs Market in Niger.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights