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 North Macedonia has seen minimal growth due to factors such as low consumer awareness and limited online accessibility. Despite these challenges, the market is slowly expanding with the introduction of new products and increasing health consciousness among consumers.
Customer preferences: With the rise of health-consciousness, consumers in North Macedonia are increasingly opting for plant-based dairy alternatives, such as almond milk and soy milk. This shift is fueled by a growing awareness of the environmental impact of traditional dairy production and the health benefits of plant-based diets. Additionally, the trend towards flexitarian and vegetarian lifestyles is contributing to the growth of the Other Dairy Products & Eggs Market in the country.
Trends in the market: In North Macedonia, there is a growing demand for plant-based and lactose-free dairy alternatives, driven by consumers' increasing health consciousness and dietary restrictions. This trend is expected to continue, with a projected growth in the alternative dairy market of 7.8% by 2025. This presents opportunities for industry stakeholders to diversify their product offerings and cater to the changing preferences of consumers. However, this trend also poses a potential threat to traditional dairy products, as consumers shift towards healthier and more sustainable options. As such, it is crucial for industry players to adapt and innovate in order to stay competitive in the evolving market.
Local special circumstances: In North Macedonia, the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market market is heavily influenced by its geographical location and cultural preferences. The country's mountainous terrain and cold climate make dairy products and eggs an important part of the local diet. Additionally, the strong influence of traditional Balkan cuisine and the popularity of dairy-based dishes like yogurt and cheese play a significant role in shaping the demand for other dairy products and eggs. Furthermore, the country's regulatory framework, which includes strict standards for dairy production and labeling, also has an impact on market dynamics.
Underlying macroeconomic factors: The Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market in North Macedonia is primarily impacted by macroeconomic factors such as the country's economic growth, fiscal policies, and global economic trends. With a steady GDP growth rate and favorable fiscal policies, North Macedonia has created a conducive environment for the growth of the dairy products & eggs market. Additionally, increasing disposable income and changing consumer preferences towards healthy and nutritious food choices are also driving the demand for other dairy products and eggs in the country. Furthermore, the government's focus on promoting domestic production and reducing imports has also positively influenced the market growth.
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