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 EMEA is currently experiencing minimal growth, impacted by factors such as changing dietary preferences and increasing competition. Convenience and health awareness continue to drive growth, but at a slower pace compared to other markets in the Food industry.
Customer preferences: Consumers in the EMEA region are increasingly turning towards plant-based dairy alternatives, such as almond milk and soy milk, due to growing concerns about the environmental impact of traditional dairy production. This shift is also driven by an increasing number of individuals adopting vegan or flexitarian diets. Additionally, there is a growing demand for organic and locally sourced dairy products, as consumers prioritize sustainability and support for local farmers.
Trends in the market: In EMEA, the Other Dairy Products & Eggs Market within the Dairy Products & Eggs Market is experiencing a surge in demand for plant-based milk alternatives. This trend is driven by consumer concerns about health and sustainability, as well as the rising popularity of vegan and flexitarian diets. As a result, companies are investing in R&D to develop innovative plant-based products, such as oat, almond, and coconut milk. This trend is expected to continue, with a projected growth of the global plant-based milk market at a CAGR of 11.6% from 2020 to 2025. This presents opportunities for industry stakeholders to expand their product offerings and cater to the changing preferences of consumers. Additionally, this trend has the potential to disrupt the traditional dairy industry and create challenges for dairy farmers. Therefore, it is crucial for companies to adapt and evolve in order to stay competitive in this market.
Local special circumstances: In EMEA, the Other Dairy Products & Eggs Market is heavily influenced by cultural preferences and regulations. For example, in countries like France and Italy, cheese and other dairy products play a significant role in traditional cuisine, resulting in a strong demand for specialty cheeses and other dairy products. In contrast, in countries like Russia, strict regulations on dairy imports have led to a thriving domestic dairy industry. Additionally, in countries like Saudi Arabia and UAE, the dairy market is driven by a growing health-conscious population, leading to a rise in demand for alternative dairy products such as plant-based milk and yogurt.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is impacted by macroeconomic factors such as changing consumer preferences, economic growth, and government policies. In countries with a growing middle class and increasing disposable income, there is a higher demand for premium dairy products and eggs. Furthermore, government initiatives to promote healthy eating and food safety regulations are also driving market growth. On the other hand, economic downturns and inflationary pressures can lead to a decline in demand for these products, as consumers prioritize spending on essential items.
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