Key regions: United Kingdom, Germany, United States, Spain, Italy
Italy is known for its rich culinary heritage, and other livestock products play a significant role in the country's food culture. The market for other livestock products in Italy has been developing in recent years due to various underlying factors.
Customer preferences: Italian consumers value high-quality food products, and this preference extends to other livestock products. They prefer products that are fresh, locally sourced, and free from additives. Furthermore, there is a growing demand for organic and sustainable products in the market. Consumers are willing to pay more for products that meet these criteria.
Trends in the market: One of the significant trends in the Italian market for other livestock products is the increasing demand for niche products. Consumers are looking for unique and traditional products that are specific to certain regions in Italy. For example, there is a growing demand for cured meats such as prosciutto di Parma, salami, and pancetta. Additionally, the demand for high-quality dairy products such as artisanal cheese and butter is also on the rise.Another trend in the market is the increasing popularity of online shopping. Consumers are turning to e-commerce platforms to purchase other livestock products due to the convenience and ease of access. This trend has been further accelerated by the COVID-19 pandemic, which has led to an increase in online shopping across all sectors.
Local special circumstances: Italy has a long tradition of producing high-quality other livestock products, and this has led to the development of many local specialties. These products are often specific to certain regions in Italy and are produced using traditional methods. The production of these products is often protected by geographical indications, which ensure that only products produced in specific regions can be sold under certain names.
Underlying macroeconomic factors: The Italian economy has been recovering slowly from the 2008 financial crisis, and this has led to a shift in consumer behavior. Consumers are increasingly looking for value for money and are willing to pay more for products that meet their quality standards. Additionally, there has been an increase in tourism in Italy, which has led to an increase in demand for traditional Italian food products.In conclusion, the market for other livestock products in Italy is developing due to various underlying factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for high-quality, niche products, and the increasing popularity of online shopping are some of the significant trends in the market. The long tradition of producing high-quality other livestock products and the protection of local specialties have also contributed to the development of the market.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, 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.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 S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.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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