Definition:
The Bread & Cereal Products market covers baked goods made from dough. Dough consists of flour, water, a leavening agent, and other optional ingredients. Cereal products are made from a variety of grains, such as wheat, oats, and rice.
Structure:
The market consists of five different submarkets:
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.
For more information on the displayed data, click the info button on the right side of each box.
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 Bread & Cereal Products Market in Czechia is experiencing slow growth due to various factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. This has resulted in a negligible growth rate for the overall market, with sub-markets such as Pasta, Rice, Breakfast Cereals, and Other Cereal Products being impacted as well.
Customer preferences: With the rising health consciousness among consumers in Czechia, there is a growing demand for organic and gluten-free bread and cereal products. This trend is driven by the increasing awareness of the benefits of a healthy diet and the desire for natural, unprocessed food options. Additionally, there is a growing focus on sustainable and locally sourced ingredients, as well as a rise in vegan and plant-based diets in the country.
Trends in the market: In Czechia, the Bread & Cereal Products Market within The Food market is seeing a shift towards healthier and more sustainable options. This includes a growing demand for organic and locally-sourced ingredients, as well as gluten-free and plant-based products. This trend is driven by increasing consumer awareness of health and environmental concerns. As a result, industry stakeholders are adapting their product offerings to meet these demands, with potential implications for market competition and supply chain management. The market trajectory is expected to continue towards a more health-conscious and environmentally-friendly approach, creating opportunities for innovation and differentiation in the industry.
Local special circumstances: In Czechia, the Bread & Cereal Products market is heavily influenced by the country's rich agricultural tradition and strong preference for traditional, locally sourced products. This has led to a strong demand for artisanal breads and cereals, as well as a focus on using high-quality, local ingredients. Additionally, strict regulations on food labeling and production have contributed to a high level of consumer trust and confidence in the market. These unique factors have created a strong and resilient market for Bread & Cereal Products in Czechia.
Underlying macroeconomic factors: The Bread & Cereal Products Market in Czechia is heavily influenced by macroeconomic factors such as economic stability, consumer purchasing power, and government regulations. With a strong economy and stable GDP growth, Czech consumers have a higher disposable income to spend on food products, including bread and cereal. Additionally, favorable government policies and investments in agriculture and food production have led to a diverse range of high-quality and affordable bread and cereal options in the market. The growing trend towards healthy and convenient food choices is also driving the demand for bread and cereal products in Czechia, as consumers prioritize nutrition and convenience in their busy lifestyles. Moreover, the increasing popularity of online shopping and e-commerce platforms has made it easier for consumers to access and purchase a variety of bread and cereal products, further fueling 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights