Key regions: Canada, United States, Russia, India, Spain
The Breakfast Cereals Market in Israel is experiencing minimal growth due to factors such as low consumer health awareness and limited availability of online services. Despite this, the market is expected to slowly rise in the coming years.
Customer preferences: As health and wellness continue to gain importance among consumers in Israel, there has been a noticeable increase in demand for breakfast cereals that are marketed as healthy and nutritious. This trend is driven by a growing awareness of the importance of a balanced diet and the desire for convenient, on-the-go breakfast options. Additionally, with the rise of fitness influencers and health bloggers on social media, there is a greater emphasis on incorporating nutritious breakfast options into daily routines.
Trends in the market: In Israel, the Breakfast Cereals market is experiencing a trend towards healthier options, with a growing demand for organic, gluten-free, and sugar-free cereals. This trend is driven by a shift towards healthier lifestyles and a growing awareness of the importance of nutrition. As a result, major players in the market are introducing new product lines to cater to this demand. Additionally, there is a growing trend of online shopping for breakfast cereals, with e-commerce platforms offering a wide range of options and convenient delivery services. This trend is expected to continue as consumers seek convenience and variety in their breakfast choices. Industry stakeholders should take note of these trends and adapt their strategies to meet the changing preferences of consumers. Failure to do so could result in losing market share to competitors who are able to cater to these evolving trends.
Local special circumstances: In Israel, the Breakfast Cereals Market is heavily influenced by the country's strict Kosher regulations. This has led to a unique market where all cereals must adhere to specific guidelines, such as being produced without any non-Kosher ingredients. Additionally, the country's focus on health and wellness has led to a strong demand for organic and all-natural breakfast cereals. These factors, combined with Israel's diverse population and increasing disposable income, have resulted in a growing market for innovative and healthy breakfast cereal options.
Underlying macroeconomic factors: The Breakfast Cereals Market in Israel is heavily influenced by macroeconomic factors such as consumer spending, consumer preferences, and changing lifestyles. As the economy continues to grow and consumer purchasing power increases, there is a higher demand for convenient and healthy breakfast options, driving the growth of the breakfast cereals market. In addition, the government's efforts to promote healthy eating habits and the growing trend of health-conscious consumers are also contributing to market growth. On the other hand, fluctuations in exchange rates and rising commodity prices may pose challenges to the market, as they can affect the cost of raw materials and ultimately impact the prices of breakfast cereals. Overall, the market is expected to continue to grow as the economy and consumer demand for convenient and healthy options remain strong.
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.
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