Contact
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)
Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in Australia & Oceania has seen modest growth, influenced by factors such as consumer preference for traditional breakfast options and limited product innovation. However, with increasing health consciousness and demand for convenience, the market is expected to experience steady growth in the coming years.
Customer preferences: Consumers in Australia & Oceania are increasingly gravitating towards healthier and more convenient breakfast options, leading to a rise in demand for plant-based and gluten-free cereal products. This trend is driven by a growing awareness of the health benefits of plant-based diets and a rise in gluten intolerance among the population. Additionally, busy lifestyles and a desire for quick and easy meals are also contributing to the popularity of other cereal products like granola bars and breakfast cereals.
Trends in the market: In Australia & Oceania, 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 organic options. This trend is driven by the growing health consciousness among consumers and the increasing prevalence of food allergies and sensitivities. As a result, companies are expanding their product offerings to cater to this niche market, with a focus on sustainable and natural ingredients. This trend is expected to continue, presenting opportunities for industry stakeholders to tap into this growing market segment.
Local special circumstances: In Australia and Oceania, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is influenced by the region's unique environmental factors. The local climate and agricultural practices play a significant role in the production and availability of cereal crops, leading to variations in supply and demand. Additionally, cultural preferences for certain types of cereal products, such as porridge or muesli, also contribute to market dynamics. Regulatory factors, such as food labeling laws and import restrictions, also impact the Other Cereal Products Market in this region.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Australia & Oceania is heavily influenced by macroeconomic factors such as changes in consumer spending patterns, government policies, and global economic trends. Countries with stable economic conditions and supportive fiscal policies are experiencing steady market growth, while regions with economic challenges and limited government support are facing slower market growth. Additionally, the rising health consciousness among consumers and increasing demand for gluten-free and organic cereal products are driving market growth in the region.
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)