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.
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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 Bread & Cereal Products market in Eastern Africa is experiencing mild growth, influenced by factors such as the increasing demand for convenient and healthy food options, growing health consciousness among consumers, and the rising adoption of digital technologies in the food industry. These factors are driving the overall growth of the market, with each sub-market experiencing its unique growth trajectory. However, challenges such as high production costs and limited access to technology may be impacting the market's growth rate.
Customer preferences: As more consumers become health-conscious and prioritize ingredient transparency, the demand for organic, non-GMO, and gluten-free bread and cereal products has increased. Additionally, there has been a rise in demand for plant-based alternatives, as more individuals adopt vegetarian or vegan diets. This trend is also fueled by the growing awareness of animal welfare and environmental sustainability, leading to a shift towards more sustainable and ethical food choices.
Trends in the market: In Eastern Africa, the Bread & Cereal Products Market is experiencing a surge in demand for healthier and more nutritious options, with consumers increasingly focused on wellness and well-being. This trend is driving the adoption of locally sourced and organic ingredients, as well as gluten-free and plant-based options. These developments are significant for industry stakeholders as they present opportunities for innovation and growth. However, they also pose challenges in terms of supply chain logistics and meeting changing consumer preferences. As the region continues to develop and modernize, these trends are expected to continue, shaping the future of the Bread & Cereal Products Market in Eastern Africa.
Local special circumstances: In Eastern Africa, the Bread & Cereal Products Market within The Food market is heavily influenced by local agricultural practices and climate conditions. The region's rich and diverse soil allows for a wide variety of grains and cereals to be grown, leading to a diverse range of products. Additionally, cultural preferences and dietary habits also play a significant role in shaping the market. For example, the popularity of injera, a traditional Ethiopian flatbread, has led to a high demand for teff flour and other local cereals. Moreover, government regulations and trade policies also impact the market dynamics, as seen in the recent import restrictions on wheat in Kenya and Tanzania.
Underlying macroeconomic factors: The growth of the Bread & Cereal Products Market within The Food market in Eastern Africa is influenced by macroeconomic factors such as population growth, rising disposable income, and changing consumer preferences. Countries with a large and growing population, such as Ethiopia and Tanzania, are key drivers of market growth. Additionally, the increasing urbanization and westernization in the region are leading to a shift in dietary habits towards more processed and convenience foods, driving the demand for bread and cereal products. Moreover, the region's strong economic growth and government initiatives to improve food security and reduce food imports are contributing to the market's expansion.
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