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 Canada is experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing competition, and fluctuating prices. Despite this, advancements in technology and rising health consciousness among consumers are expected to drive the market in the coming years.
Customer preferences: As consumers become more health-conscious, there has been a growing demand for plant-based alternatives in the Other Dairy Products & Eggs Market. This trend is driven by factors such as concerns over animal welfare and environmental sustainability. In addition, the increasing popularity of vegan and vegetarian diets has also contributed to the rise in demand for non-dairy dairy products and eggs. This shift in consumer preferences has led to the development of a wider range of dairy-free options, catering to those with dietary restrictions or personal preferences.
Trends in the market: In Canada, the Other Dairy Products & Eggs Market is seeing a shift towards plant-based alternatives, with consumers increasingly seeking out non-dairy options for health and environmental reasons. This trend is expected to continue as more companies enter the market and offer innovative products to meet the growing demand. It also presents opportunities for industry stakeholders to diversify their product offerings and cater to a wider range of dietary preferences. Additionally, the rise of e-commerce is providing a convenient platform for consumers to purchase these products, further driving the growth of the market.
Local special circumstances: In Canada, the Other Dairy Products & Eggs Market is heavily influenced by the country's cold climate and vast agricultural land. This has led to a strong dairy industry, with a high demand for locally sourced, fresh dairy products. Additionally, Canada's stringent regulations on food safety and labeling have created a strong sense of trust and reliability in the market. The country's multicultural population also drives the demand for a diverse range of dairy products, catering to different tastes and preferences.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market in Canada is heavily influenced by macroeconomic factors such as consumer preferences, government regulations, and economic growth. As a developed country with a stable economy, Canada has a high demand for high-quality dairy products. Additionally, the country's strict food safety regulations ensure the production of safe and healthy dairy products, boosting consumer confidence. Furthermore, the increasing health consciousness and the growing trend of plant-based diets are also driving the demand for alternative dairy products in Canada.
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