Market Insights Consumer Food Dairy Products & Eggs

Other Dairy Products & Eggs - Gambia

Gambia

Revenue in the Other Dairy Products & Eggs market amounts to €57.03m in 2024. The market is expected to grow annually by 9.98% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€45bn in 2024).
In relation to total population figures, per person revenues of €20.07 are generated in 2024.
In the Other Dairy Products & Eggs market, volume is expected to amount to 21.89m kg by 2029. The Other Dairy Products & Eggs market is expected to show a volume growth of 6.3% in 2025.
The average volume per person in the Other Dairy Products & Eggs market is expected to amount to 6.1kg in 2024.

Key regions: Japan, Philippines, United Kingdom, India, South Korea

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Analyst Opinion

The Other Dairy Products & Eggs Market in Gambia is facing muted growth, influenced by factors such as low consumer awareness and limited availability of digital technologies. Despite this, convenience and health consciousness are driving the market's modest growth.

Customer preferences: The rise in health consciousness and demand for plant-based diets has led to an increase in demand for alternative dairy products, such as almond and coconut milk. This shift towards non-dairy options is also influenced by cultural and religious factors, as well as concerns for animal welfare and environmental sustainability. Additionally, there is a growing interest in organic and locally sourced eggs, as consumers prioritize quality and traceability in their food choices.

Trends in the market: In Gambia, the Other Dairy Products & Eggs Market is experiencing a rise in demand for organic and locally sourced products. This trend aligns with the global movement towards healthier and more sustainable food options. As consumers become more health-conscious, they are seeking out products that are free from hormones and antibiotics. This trend has significant implications for industry stakeholders, as it presents opportunities for new product development and marketing strategies. Additionally, it highlights the importance of transparency and traceability in the supply chain to meet consumer demands. This trend is expected to continue to grow, and industry players must adapt to meet changing consumer preferences.

Local special circumstances: In Gambia, the Other Dairy Products & Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's agricultural landscape and cultural traditions. The majority of the population relies on dairy farming for their livelihood, leading to a strong demand for locally produced dairy products. Additionally, Gambia's predominantly Muslim population has dietary restrictions that favor dairy and egg consumption, further driving the market. However, limited infrastructure and transportation challenges can hinder the distribution of these products, creating unique market dynamics.

Underlying macroeconomic factors: The Other Dairy Products & Eggs Market within The Food market in Gambia is impacted by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and financial indicators. For instance, the growth of the market is closely tied to the overall economic development of the country. Favorable economic conditions, such as stable GDP growth and low unemployment rates, can lead to increased consumer spending and demand for dairy products and eggs. On the other hand, economic downturns and unstable fiscal policies can negatively affect market performance. Additionally, factors such as population growth, changing consumer preferences, and government regulations also play a significant role in shaping the market.

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.