Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in Asia is experiencing minimal growth, influenced by factors such as increasing demand for healthier food options and the convenience of online services. This market is expected to continue its slow growth due to a shift towards healthier eating habits in the region.
Customer preferences: The growing popularity of plant-based diets and veganism in Asia has led to a rise in demand for alternative dairy products, such as almond milk and coconut milk. This shift is driven by increasing awareness about the environmental impact of traditional dairy farming and a desire for healthier, plant-based options. Additionally, the rise of e-commerce platforms has made it easier for consumers to access and purchase these products, fueling their popularity in the Other Dairy Products & Eggs Market.
Trends in the market: In Asia, the demand for alternative dairy products is on the rise, with consumers increasingly turning to plant-based options such as soy and almond milk. This trend is largely driven by health and sustainability concerns, as well as dietary restrictions. In other parts of the world, there has been a growing interest in incorporating eggs into various food products, such as protein bars and snacks, due to their nutritional value and versatility. These trends are expected to continue, with potential implications for industry stakeholders such as dairy and egg producers, as well as food manufacturers and retailers. As more consumers shift towards non-dairy and egg-based options, companies may need to adapt their product offerings and marketing strategies to remain competitive in the market. Additionally, there may be opportunities for partnerships and collaborations between traditional dairy and egg producers and plant-based companies to meet the growing demand for alternative products.
Local special circumstances: In Asia, the Other Dairy Products & Eggs Market is heavily influenced by local dietary preferences and cultural traditions. For example, in China, dairy products have traditionally not been a staple in the diet, leading to a relatively low consumption compared to other regions. However, with changing dietary habits and increased health awareness, there has been a growing demand for dairy alternatives such as soy milk and tofu-based products. In Japan, there is a strong emphasis on quality and uniqueness, with the market dominated by premium and specialty dairy products. These cultural nuances greatly impact market dynamics in the region, making it distinct from other markets.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market in Asia is mainly driven by macroeconomic factors such as increasing disposable income, population growth, and urbanization. As the middle class population in countries like China and India continues to expand, the demand for dairy products and eggs is expected to rise. Additionally, favorable government policies and investments in the dairy industry are also contributing to market growth. However, challenges such as price fluctuations and supply chain disruptions may hinder market expansion in the region. Moreover, the growing health consciousness among consumers and the increasing trend towards vegetarian and plant-based diets are also impacting the market for dairy alternatives.
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)
