Definition:
The Breakfast Cereals market covers all types of cereal varieties which are usually created from grains like wheat, corn, or oats and flavored with sugars, different spices, and other ingredients. Breakfast cereal is frequently consumed with milk or yogurt and can be served hot or cold.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), 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.
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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
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Breakfast Cereals market in Bahrain within The Food market has shown minimal growth due to factors like changing consumer preferences and market saturation. Despite this, increasing health consciousness and convenience offered by online shopping may drive growth in the future.
Customer preferences: The rise in health-consciousness among Bahraini consumers has led to a growing demand for healthier breakfast cereal options. This trend is further fueled by the increasing availability of organic and gluten-free cereal varieties in the market. Additionally, busy lifestyles and a growing preference for convenience have also led to a rise in demand for on-the-go breakfast cereal options, such as breakfast bars and single-serve packets. As a result, manufacturers are focusing on developing innovative and convenient breakfast cereal products to cater to the evolving needs and preferences of consumers.
Trends in the market: In Bahrain, the Breakfast Cereals market is experiencing a surge in demand for healthier and more nutritious options, driven by increasing health consciousness among consumers. This trend is expected to continue, with brands focusing on using natural and organic ingredients, offering gluten-free and low-sugar options, and incorporating functional ingredients like whole grains and superfoods. This shift towards healthier choices presents opportunities for innovation and differentiation for market players. Additionally, the growing popularity of online shopping and e-commerce is expected to drive the growth of the Breakfast Cereals market in Bahrain, as consumers seek convenience and variety in their breakfast choices.
Local special circumstances: In Bahrain, the Breakfast Cereals Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's small size and high urbanization rate. With a small population, there is a limited demand for breakfast cereals, leading to a more concentrated market. Additionally, the country's cultural and religious beliefs also play a role in shaping the types of breakfast cereals consumed, with a preference for halal-certified products. Furthermore, the government's strict regulations on food imports and labeling also impact the market, as companies must comply with specific guidelines to enter the market.
Underlying macroeconomic factors: The Breakfast Cereals Market in Bahrain is largely driven by macroeconomic factors such as consumer purchasing power, population growth, and government regulations. With a stable and growing economy, Bahrain has a high demand for breakfast cereals, especially from the middle class. The increasing health consciousness among consumers has also led to a rise in demand for healthier breakfast cereal options. Additionally, the government's initiatives to promote healthy eating habits and regulate food labeling have further contributed to the growth of the breakfast cereals market in Bahrain.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights