Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in APAC is experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online services. This has contributed to the steady growth of the market.
Customer preferences: The APAC region has seen a rise in demand for plant-based dairy alternatives, driven by concerns about sustainability and animal welfare. This trend is also reflected in the Other Dairy Products & Eggs Market, as consumers seek out non-dairy options such as nut milks, oat milk, and vegan cheeses. Rising health consciousness and lactose intolerance are also contributing factors to this shift in consumer preferences. Additionally, there is a growing interest in novel and exotic dairy products, such as camel milk and quail eggs, reflecting a desire for unique and diverse food experiences.
Trends in the market: In APAC, the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for lactose-free and plant-based dairy products. This trend is driven by increasing health consciousness and dietary restrictions, particularly among younger consumers. Additionally, there is a growing interest in functional dairy products, such as probiotic and prebiotic-enhanced options. These trends are expected to continue, presenting opportunities for industry players to innovate and expand their product offerings. However, this may also pose challenges for traditional dairy producers, who may need to adapt to changing consumer preferences.
Local special circumstances: In APAC, the Other Dairy Products & Eggs Market is heavily influenced by the diverse dietary preferences and cultural norms of different countries. For example, in Japan, there is a strong demand for traditional fermented dairy products like miso and natto, while in China, there is a growing trend towards dairy alternatives like soy milk. Additionally, varying regulations and import restrictions across APAC countries can impact market dynamics, with some countries having stricter food safety standards than others.
Underlying macroeconomic factors: The growth of the Other Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer preferences, disposable income levels, and government regulations on food safety and quality. Countries with a strong economy and high consumer spending power are likely to have a higher demand for diverse dairy products and eggs, leading to market growth. Additionally, countries with strict food safety regulations and effective enforcement mechanisms are more likely to experience steady market growth due to increased consumer trust and confidence in the safety and quality of their dairy products and eggs.
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)
