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Dairy Products & Eggs - Western Asia

Western Asia
  • Revenue in the Dairy Products & Eggs market amounts to US$32.14bn in 2024. The market is expected to grow annually by 6.57% (CAGR 2024-2029).
  • In global comparison, most revenue is generated India (US$173bn in 2024).
  • In relation to total population figures, per person revenues of US$144.40 are generated in 2024.
  • In the Dairy Products & Eggs market, volume is expected to amount to 12.30bn kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 4.1% in 2025.0.
  • The average volume per person in the Dairy Products & Eggs market is expected to amount to 46.3kg in 2024.

Definition:

The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.

Structure:

The market consists of 8 different submarkets:

  • The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
  • The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
  • The Yogurt market covers products that are made when milk is fermented by bacteria.
  • The Cheese market covers solid products obtained by coagulating milk.
  • Yogurt substitutes cover non-dairy alternatives to traditional yogurt
  • Cheese substitutes cover non-dairy alternatives to traditional cheese
  • The Eggs market covers chicken eggs.
  • The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible 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), and 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.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Fresh milk
  • Yogurt
  • Cheese
  • Eggs
  • preserved and powdered milk, cream, curd, yogurt drinks
  • Milk substitutes

Out-Of-Scope

  • Baby Food
  • Out-of-home consumption
Dairy Products & Eggs: market data & analysis - Cover

Market Insights report

Dairy Products & Eggs: market data & analysis

Study Details

    Revenue

    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

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Dairy Products & Eggs Market in Western Asia has been witnessing minimal growth, influenced by factors such as increasing health consciousness, technological advancements, and the convenience of online services. Despite the slow growth, the market is expected to continue expanding due to the growing demand for milk, yogurt, cheese, eggs, and other dairy products & substitutes in the region.

    Customer preferences:
    As the demand for healthier and more organic food options continues to rise, consumers in Western Asia are becoming more conscious of the source and production process of their dairy and egg products. This has led to a growing preference for locally-sourced and ethically-produced dairy and egg products over imported options. Additionally, with the increasing popularity of plant-based diets, there has been a shift towards non-dairy alternatives such as soy, almond, and coconut milk, as well as vegan egg substitutes. This trend is driven by a combination of health and environmental concerns, as well as cultural and religious factors in the region.

    Trends in the market:
    In Western Asia, the Dairy Products & Eggs Market within The Food market is experiencing a rise in demand for organic and natural products. This trend is driven by increasing health consciousness among consumers, who are willing to pay a premium for products with no artificial additives. This trajectory is significant as it reflects a shift towards healthier and more sustainable food choices. Industry stakeholders need to adapt to these changing preferences and invest in production processes that meet the demand for organic and natural dairy and egg products.

    Local special circumstances:
    In Western Asia, the Dairy Products & Eggs Market thrives due to its rich history and cultural significance in the region. The Middle Eastern and Mediterranean cultures have a strong preference for dairy products and eggs in their cuisine, resulting in a high demand for these products. Additionally, the region's geographical landscape, with its arid climate and vast pastures, provides ideal conditions for dairy farming and egg production. The regulatory environment also plays a significant role, as many countries in Western Asia heavily subsidize their dairy industries, making it a lucrative market for local producers. These unique factors contribute to the continued growth and success of the Dairy Products & Eggs Market in Western Asia.

    Underlying macroeconomic factors:
    The Dairy Products & Eggs Market within The Food market in Western Asia is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable economies and supportive fiscal policies have seen a significant increase in demand for dairy products and eggs. On the other hand, regions with economic challenges and unstable fiscal policies have had slower market growth. Additionally, the rise in health consciousness and the growing population are driving the demand for high-quality and nutritious dairy products and eggs in the region.

    Methodology

    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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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Global dairy industry - statistics & facts

    The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.
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