Baby Cereals & Other Dried Baby Food - Cyprus

Cyprus

Highlights

Revenue in the Baby Cereals & Other Dried Baby Food market amounts to US$2.67m in 2024. The market is expected to grow annually by 7.98% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$2bn in 2024).
In relation to total population figures, per person revenues of US$2.11 are generated in 2024.
In the Baby Cereals & Other Dried Baby Food market, volume is expected to amount to 255.70k kg by 2029. The Baby Cereals & Other Dried Baby Food market is expected to show a volume growth of 5.2% in 2025.0.
The average volume per person in the Baby Cereals & Other Dried Baby Food market is expected to amount to 0.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Baby Cereals & Other Dried Baby Food Market in Cyprus has seen slight growth due to factors such as increasing health consciousness among parents and the convenience of online shopping. However, the market's minimal growth rate may be impacted by economic uncertainties and changing consumer preferences.

Customer preferences: In Cyprus, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market is witnessing a rise in demand for organic and natural baby food products. This trend is driven by the increasing health consciousness among parents and a growing preference for clean label products. Additionally, with the rise in working mothers, there is a growing demand for convenient and on-the-go baby food options that are both nutritious and convenient. This shift towards healthier and more convenient options is expected to continue in the coming years.

Trends in the market: In Cyprus, the Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market has seen a rise in demand for organic and natural baby food products. This trend is in line with the global shift towards healthier and more sustainable food options. Additionally, there has been an increase in the use of online platforms and delivery services for purchasing baby food, as consumers prioritize convenience and safety amid the COVID-19 pandemic. These trends have significant implications for industry stakeholders, as companies may need to adapt their product offerings and distribution channels to meet the evolving demands of consumers.

Local special circumstances: In Cyprus, the Baby Cereals & Other Dried Baby Food Market is influenced by the country's Mediterranean climate and its cultural preference for fresh, locally sourced ingredients. The market also faces strict regulations on food imports, resulting in a demand for locally produced baby food. Additionally, the country's high rate of working mothers has led to a rise in demand for convenient and ready-to-eat baby food options, driving the growth of the market.

Underlying macroeconomic factors: The Baby Cereals & Other Dried Baby Food Market of the Baby Food Market within The Food market is heavily impacted by macroeconomic factors such as consumer spending, economic stability, and government policies. As global economic trends continue to shift, countries with stable economies and favorable fiscal policies are experiencing higher market growth compared to those facing economic challenges. Furthermore, initiatives aimed at promoting healthy eating habits and increasing awareness about the importance of proper nutrition for infants are also contributing to market growth. Additionally, the increasing number of working mothers and the rising demand for convenience products are driving the demand for baby cereals and other dried baby food, further boosting 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.