Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs Market in the G20 region is experiencing minimal growth due to factors such as sluggish consumer demand, increasing competition from alternative protein sources, and changing dietary preferences. Despite these challenges, the market continues to grow, driven by advancements in technology and health awareness among consumers.
Customer preferences: The Other Dairy Products & Eggs Market is experiencing a rise in demand for plant-based alternatives, driven by growing consumer concerns around sustainability and health. This has led to a surge in innovation and product development in the market, with companies offering a wide range of plant-based options such as almond milk, oat milk, and vegan cheese. This trend is further accelerated by the increasing number of individuals adopting a flexitarian or vegan diet, as well as the rise of environmental and ethical consciousness among consumers.
Trends in the market: In the G20 and Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market, there is a trend towards plant-based dairy alternatives. This is driven by increasing consumer demand for healthier and more sustainable options. This trend is expected to continue, with a projected global market value of $35.6 billion by 2025. This trend has significant implications for industry stakeholders, including traditional dairy producers who may need to adapt their product offerings, and new entrants into the market who can capitalize on the growing demand for plant-based options. Additionally, this trend has the potential to disrupt traditional supply chains and distribution channels, as new players enter the market and compete for market share. Overall, the rise of plant-based dairy alternatives presents both challenges and opportunities for industry stakeholders in the G20 and Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market.
Local special circumstances: In the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market, geographical factors play a significant role in market dynamics. For example, in Europe, the market is heavily regulated, with strict standards for product labeling and production practices. This has created a highly competitive market, with consumers demanding high-quality and sustainable products. In contrast, in developing countries such as China, the market is driven by the rising middle class and their increasing demand for premium dairy products, creating opportunities for international dairy companies to enter and expand in this market.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is affected by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. For example, countries with stable economies and favorable fiscal policies tend to experience higher market growth due to increased consumer spending. Additionally, the growing demand for healthy and nutritious food options, as well as the rise in health-conscious consumers, are driving the demand for Other Dairy Products & Eggs in the market. Furthermore, government initiatives promoting dairy consumption as part of a balanced diet can also have a significant impact on the market performance.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
