Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in Argentina is experiencing minimal growth due to factors such as low consumer awareness, lack of digital technologies, and limited online services. Despite being a part of the growing Bread & Cereal Products Market, this segment is struggling to keep up with the overall market growth rate.
Customer preferences: As the demand for healthier options continues to grow in Argentina, consumers are increasingly turning to more nutritious and sustainable cereal products. This trend is driven by a growing awareness of the impact of food choices on personal health and the environment. Additionally, with the rise of e-commerce and online grocery shopping, consumers are able to easily access a wider variety of cereal options, including gluten-free and organic products. This shift towards more conscious consumption is also influenced by the country's changing demographics, with younger generations prioritizing health and wellness in their purchasing decisions.
Trends in the market: In Argentina, the Other Cereal Products Market is experiencing a shift towards healthier options, with a growing demand for gluten-free and organic cereal products. This trend is driven by an increasing health consciousness among consumers and a rise in celiac disease cases. As a result, manufacturers are expanding their product portfolios to cater to this demand. This trend is expected to continue, with a potential for further innovation in the market. Additionally, e-commerce is gaining popularity in the country, providing opportunities for smaller cereal brands to reach a larger consumer base.
Local special circumstances: In Argentina, the Other Cereal Products Market is influenced by the country's rich agricultural resources and strong demand for healthy and natural food options. The government's promotion of organic farming and strict regulations on genetically modified crops have also shaped the market. Additionally, the growing trend of health-conscious consumers and the popularity of traditional breakfast cereals have played a significant role in the market's growth. These unique local factors make Argentina's Other Cereal Products Market stand out from other markets and drive its success.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with stable economic conditions and favorable fiscal policies are experiencing faster market growth compared to regions with economic uncertainty and restrictive policies. Additionally, the rising demand for healthier food options and increasing health consciousness among consumers are driving the growth of the Other Cereal Products Market, as consumers seek out nutritious and convenient alternatives to traditional bread and cereal products.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
