Definition:
The Other Dairy Products & Eggs market covers other products made from animal's milk as well as other types of edible eggs besides chicken 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), 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 Other Dairy Products & Eggs Market in Burundi is experiencing minimal growth, with factors such as limited consumer awareness and low digital infrastructure impacting the market's growth rate.
Customer preferences: In Burundi, there has been a growing trend towards alternative dairy products such as plant-based milk and vegan cheese, driven by an increasing awareness of health and sustainability. This shift in consumer preferences is also influenced by cultural preferences for plant-based diets and lactose intolerance. As a result, the Other Dairy Products & Eggs Market is experiencing a shift towards more diverse and innovative options to cater to these changing consumer needs.
Trends in the market: In Burundi, the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a gradual shift towards healthier and more sustainable products. This trend is driven by increasing consumer awareness and demand for organic, locally sourced, and ethically produced dairy and egg products. As a result, companies in the market are investing in sustainable production methods and implementing stricter quality standards. This trend is expected to continue, with consumers becoming more conscious of their food choices and the impact on the environment. Industry stakeholders must adapt to these changing consumer preferences to remain competitive and meet the evolving market demands. Failure to do so could result in loss of market share and potential financial implications for companies in the Other Dairy Products & Eggs Market.
Local special circumstances: In Burundi, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is heavily influenced by the country's geography and cultural preferences. The landlocked nature of the country limits its access to international markets, resulting in a focus on local production and consumption. Additionally, Burundian cuisine heavily incorporates dairy and eggs, making these products essential to the local diet and driving demand for them in the market. Furthermore, strict regulations on imported dairy products provide a competitive advantage for local producers, shaping the dynamics of the market.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market within The Food market of Burundi is influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Burundi's economy has been impacted by political instability, high poverty rates, and limited access to resources. These factors have resulted in low consumer spending power and limited market growth. However, with the government's focus on economic reforms and investments in agriculture, the Dairy Products & Eggs Market is expected to experience growth in the coming years. Moreover, the increasing demand for dairy and egg products in the region due to their nutritional value and versatile use in cooking is also driving 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights