Definition:
The Other Cereal Products market covers several products that are made from grains, that are not considered bread, pasta, rice, and breakfast cereals, and include items such as flour, baking flour, semolina, couscous, and bulgur.
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 Other Cereal Products market in the Americas food market has seen minimal growth, impacted by factors such as saturated market, limited product innovation, and shifting consumer preferences towards healthier options.
Customer preferences: The Other Cereal Products Market within the Bread & Cereal Products Market is experiencing a rise in demand for healthier and more diverse options. With an increasing focus on wellness and nutrition, consumers are turning towards ancient grains, such as quinoa and amaranth, as alternatives to traditional cereal products. This shift towards whole grains and natural ingredients is also driven by the growing health-consciousness among consumers, particularly millennials, who are seeking out products that align with their values and lifestyle choices.
Trends in the market: In the Americas, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is seeing a rise in demand for gluten-free and plant-based options. This trend is driven by growing consumer awareness of health and sustainability, with manufacturers responding with innovative and diverse product offerings. This presents opportunities for industry stakeholders to tap into new markets and cater to the evolving preferences of consumers. Additionally, the rise of e-commerce and online grocery shopping is expected to further fuel the growth of the Other Cereal Products Market in the coming years.
Local special circumstances: In America, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the health-conscious culture and regulatory requirements. With increasing demand for gluten-free and organic products, the market has seen a rise in innovative products such as quinoa and chia-based cereal options. Additionally, the rise of plant-based diets and the growing preference for natural ingredients have also shaped the market dynamics, making it a highly competitive and dynamic space.
Underlying macroeconomic factors: The growth of the Other Cereal Products Market within the Bread & Cereal Products Market is also influenced by macroeconomic factors such as changing consumer preferences, government regulations, and investments in agricultural technologies. Countries with strong economic growth and supportive policies for the food industry are experiencing higher demand for Other Cereal Products, while regions with economic challenges and limited investment in agriculture are facing slower market growth. Additionally, the increasing health consciousness and demand for healthier breakfast options are driving the need for innovative and nutritious Other Cereal Products in the global market.
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