Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in Africa has experienced subdued growth due to factors such as increasing competition, changing consumer preferences, and limited access to technology. Despite these challenges, the market is expected to grow due to rising health awareness and the convenience of online services.
Customer preferences: Consumers in Africa are increasingly demanding healthier and more sustainable food options, leading to a rise in demand for organic and plant-based dairy products. This trend is influenced by a growing awareness of the negative impact of traditional agriculture on the environment and animal welfare. Additionally, there is a shift towards more convenient and on-the-go options, such as single-serving yogurt cups and protein-packed snacks, catering to the busy lifestyles of urban consumers.
Trends in the market: In Africa, the Other Dairy Products & Eggs Market is experiencing a rise in demand for plant-based dairy alternatives, driven by health and environmental concerns. In addition, there is a growing trend of incorporating traditional African ingredients into dairy products, such as baobab and moringa. This trend is significant as it caters to the demand for healthier and more sustainable options, while also promoting local agricultural practices. Industry stakeholders should take note of these trends and consider developing and promoting dairy products that cater to these preferences. Failure to do so may result in lost market share to competitors who are quick to adapt to these changing consumer preferences.
Local special circumstances: In Africa, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is heavily influenced by cultural preferences and traditional dairy consumption habits. For example, the consumption of fermented milk products, such as maas and amasi, is deeply ingrained in many African cultures. Additionally, the lack of infrastructure and distribution networks in certain regions creates challenges for dairy producers, leading to a reliance on locally-sourced ingredients and production methods. These unique factors shape the market dynamics and highlight the need for targeted strategies in this region.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market in Africa is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, countries with strong economic growth and stable political environments are experiencing higher demand for dairy products and eggs. Additionally, government policies that support the growth of the agriculture sector, such as subsidies and investments in infrastructure, also play a significant role in driving market performance. Moreover, the rising population and increasing urbanization in Africa are creating a larger consumer base for dairy products and eggs, further contributing to 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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)