Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in EU-27 is experiencing negligible growth due to various factors, such as changing consumer preferences, increasing competition, and fluctuating market trends. Despite this slow growth, the market is expected to see some positive developments in the near future with the introduction of innovative products and technological advancements.
Customer preferences: The COVID-19 pandemic has accelerated the trend towards online grocery shopping, with consumers prioritizing convenience and safety. This has led to a rise in demand for online delivery services and contactless payment methods. Additionally, there is a growing interest in plant-based and alternative dairy products, driven by health and environmental considerations. As a result, companies are increasingly investing in R&D to develop innovative dairy alternatives that cater to changing consumer preferences.
Trends in the market: In the EU-27 and Other Dairy Products & Eggs Market, there is a growing trend towards plant-based dairy alternatives, driven by increasing health and environmental concerns. This shift is expected to continue, with consumers seeking healthier and more sustainable options. Additionally, there is a rising demand for organic and non-GMO dairy products, as consumers become more conscious of the source and production methods of their food. These trends are significant for industry stakeholders, as they will need to adapt their product offerings and marketing strategies to cater to the evolving preferences of consumers. This may also lead to increased competition and potential disruptions for traditional dairy companies.
Local special circumstances: In the EU-27, the Other Dairy Products & Eggs Market is heavily influenced by the cultural preferences for different types of dairy products. For example, countries like France and Italy have a strong demand for cheese, while countries like Germany and the UK prefer butter and yogurt. Additionally, regulatory factors such as strict food safety standards and labelling requirements also play a significant role in shaping the market. These factors create a diverse and competitive landscape, with companies having to adapt their products to meet the unique tastes and regulations of each country.
Underlying macroeconomic factors: The performance of the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. In countries with strong economic growth and stable fiscal policies, there is a higher demand for other dairy products and eggs, leading to market growth. On the other hand, countries with economic instability and weak fiscal policies may experience slower market growth due to lower consumer spending. Furthermore, factors such as trade policies, currency fluctuations, and inflation rates can also influence the performance of the market.
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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