Key regions: Japan, Philippines, United Kingdom, India, South Korea
The Other Dairy Products & Eggs market in the GCC region is experiencing minimal growth due to various factors like changing consumer preferences, low awareness about online services, and limited access to digital technologies. Despite this, the market is expected to grow steadily in the coming years.
Customer preferences: As consumers become more health-conscious, there has been a noticeable increase in demand for plant-based dairy alternatives, such as almond milk and soy yogurt. This trend is driven by factors such as environmental concerns, dairy allergies, and dietary restrictions. Additionally, there has been a rise in interest for locally sourced and organic dairy products, highlighting a growing preference for sustainable and healthy food options among consumers.
Trends in the market: In the GCC 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 the increasing health consciousness among consumers and the rising number of people adopting vegan and vegetarian diets. As a response, dairy companies are expanding their product portfolios to include plant-based options and investing in research and development to improve the taste and texture of these products. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into the growing demand for healthier and more sustainable dairy options.
Local special circumstances: In the GCC region, the Other Dairy Products & Eggs Market is influenced by the cultural preference for dairy-based products, as dairy is a staple in the Middle Eastern diet. Additionally, strict halal regulations and growing health consciousness among consumers have led to an increase in demand for organic and hormone-free dairy products. These unique factors differentiate the GCC market from others, shaping the market dynamics and driving the growth of the Other Dairy Products & Eggs Market.
Underlying macroeconomic factors: The Other Dairy Products & Eggs market in GCC is greatly impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The growth of the market is closely tied to the overall economic performance of the region, with stable economic conditions driving consumer spending and demand for dairy products. Government initiatives to support the dairy industry, such as subsidies and investment in infrastructure, also play a significant role in market growth. Additionally, changing dietary preferences and increasing health consciousness among consumers are driving the demand for healthier dairy alternatives, leading to the growth of the Other Dairy Products & Eggs market in GCC.
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)
