Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in CIS has seen modest growth due to factors such as changing consumer preferences and increasing competition. Despite this, the market is expected to continue expanding in the coming years, driven by rising health consciousness and the convenience of online services.
Customer preferences: The Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market of The Food market is experiencing a rise in demand for plant-based dairy alternatives, as more consumers are adopting flexitarian and vegan diets. This trend is driven by growing health and environmental concerns, as well as the availability of a wider range of high-quality and tasty non-dairy options. Additionally, there has been a shift towards sustainable and ethical food choices, with consumers seeking out products that align with their values.
Trends in the market: In the CIS region, the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based dairy alternatives. This trend is driven by increasing health consciousness and dietary restrictions, as well as growing concerns about animal welfare and sustainability. As a result, companies are expanding their product lines to include a variety of dairy-free options, such as almond milk, soy yogurt, and coconut-based cheese. This trend is expected to continue, with forecasted growth in the plant-based dairy market, presenting opportunities for industry stakeholders to tap into this growing market and diversify their offerings.
Local special circumstances: In the CIS region, the Other Dairy Products & Eggs Market is influenced by the unique cultural preference for fermented dairy products, such as kefir and yogurt. This has led to a surge in demand for probiotic and functional dairy products, driving market growth. Moreover, stringent regulations on food safety and quality have created a competitive landscape, with manufacturers investing in advanced technologies for production and processing. These factors set the CIS market apart from others, shaping consumer behavior and market dynamics.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economies and favorable fiscal policies tend to experience higher market growth due to increased consumer spending and investment in the dairy industry. Additionally, changes in global demand for dairy products and fluctuations in international trade policies can also impact the performance of the market in a given country. Furthermore, factors such as population growth and changing dietary preferences also play a significant role in shaping the demand for other 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.
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