Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in Benelux is currently experiencing minimal growth, influenced by various factors such as changing consumer preferences and increasing competition. Despite this, the market is still driven by the convenience of online services and health consciousness among consumers.
Customer preferences: As consumers in Benelux and other regions continue to prioritize health and wellness, there has been a noticeable increase in demand for plant-based and gluten-free cereal products. This trend is driven by growing awareness of dietary restrictions and a desire for more natural and nutritious options. Additionally, there has been a rise in demand for convenience and on-the-go breakfast options, leading to the popularity of cereal bars and single-serve cereal cups.
Trends in the market: In Benelux, the Other Cereal Products Market is experiencing a rise in demand for healthier and more sustainable options, such as gluten-free and organic cereal products. This trend is driven by increasing health consciousness and concerns about the environmental impact of traditional cereal production methods. As a result, companies in this market are investing in research and development to create innovative and eco-friendly cereal products. This trend is expected to continue, with potential implications for industry stakeholders, such as increased competition and the need to adapt to changing consumer preferences.
Local special circumstances: In the Benelux region, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is influenced by the high demand for healthier and organic food options. This is due to the region's strong focus on sustainability and environmentalism, as well as the growing health-consciousness among consumers. Additionally, the region's strict food regulations and labeling requirements have created a market for gluten-free and allergen-free cereal products. Furthermore, the region's diverse cultural influences have led to a variety of unique and innovative cereal products, catering to different taste preferences.
Underlying macroeconomic factors: The growth of the Other Cereal Products market is also influenced by macroeconomic factors such as consumer spending, population trends, and government policies. Countries with strong economic growth and rising disposable incomes are experiencing higher demand for convenient and healthy breakfast options, which is driving the market for Other Cereal Products. Additionally, increasing health consciousness and changing dietary preferences, particularly among younger generations, are contributing to the growth of this market segment.
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)
