Dairy Products & Eggs - South Africa

South Africa

Revenue in the Dairy Products & Eggs market amounts to €3,013.00m in 2024. The market is expected to grow annually by 6.33% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€159bn in 2024).
In relation to total population figures, per person revenues of €49.38 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 1,238.00m kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.4% in 2025.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 18.0kg in 2024.

Key regions: Spain, Canada, United Kingdom, United States, Philippines

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Analyst Opinion

The Dairy Products & Eggs market in South Africa is seeing slow growth due to factors such as limited consumer awareness and the availability of substitute products. However, increasing health consciousness and the convenience of online services may drive future growth.

Customer preferences: As South Africa's population becomes more health-conscious, there has been a notable increase in demand for organic and plant-based dairy products. This trend is driven by cultural beliefs and lifestyle factors, as consumers seek healthier and more sustainable alternatives to traditional dairy options. Additionally, there has been a rise in demand for free-range and pasture-raised eggs, as consumers become more environmentally and ethically aware. These shifts in consumer preferences have led to a surge in the availability and variety of dairy and egg products that cater to these evolving demands.

Trends in the market: In South Africa, the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier, organic options. This trend is driven by the increasing health consciousness among consumers and the demand for sustainable and ethically produced products. The trajectory of this trend is expected to continue as more consumers prioritize health and environmental concerns in their purchasing decisions. This has significant implications for industry stakeholders, as they will need to adapt their production and marketing strategies to meet these evolving consumer preferences. Additionally, there is a growing demand for dairy alternatives, such as plant-based milks, which presents opportunities for innovation and diversification within the market.

Local special circumstances: In South Africa, the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's diverse cultural and geographical landscape. The market is driven by the growing demand for healthy and sustainable food options, with a focus on locally sourced and organic products. Additionally, government regulations and initiatives promoting food safety and quality have greatly impacted the market dynamics. These unique factors have led to the emergence of innovative dairy and egg products, tailored to meet the needs and preferences of the South African consumer.

Underlying macroeconomic factors: The Dairy Products & Eggs Market in South Africa is heavily influenced by macroeconomic factors such as trade policies, consumer spending, and economic stability. The country's growing population and rising disposable income have led to a higher demand for dairy products and eggs, especially among the middle class. However, fluctuations in exchange rates, inflation, and political instability can significantly impact the market's growth. Additionally, regulatory challenges and limited access to capital can hinder the expansion of the market, while investments in infrastructure and technological advancements can drive its growth.

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.