Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in the CIS region has seen modest growth, attributed to factors such as low consumer awareness and limited online presence. Despite this, the market is expected to grow due to increasing demand for healthier breakfast options.
Customer preferences: With the rising demand for healthier and more diverse food options, the Other Cereal Products Market in the CIS region is experiencing a shift towards organic and gluten-free products. This trend is driven by an increase in health-conscious consumers and those with dietary restrictions, such as celiac disease. Additionally, there is a growing preference for locally sourced and sustainable ingredients, reflecting a shift towards more environmentally-friendly consumption habits.
Trends in the market: In the CIS region, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier and more natural cereal options. Consumers are increasingly choosing whole grain and organic cereals over processed and sugary ones. This trend is driven by the growing health consciousness and the demand for clean label products. As a result, industry players are investing in product innovation and marketing strategies to cater to this demand. This shift is expected to continue and may lead to a decline in sales of traditional cereal products. Additionally, the rise of e-commerce and online grocery shopping is providing convenience for consumers to access a wider range of cereal products, further propelling the growth of the Other Cereal Products Market.
Local special circumstances: In the CIS region, the Other Cereal Products Market within the Bread & Cereal Products Market is heavily influenced by the local agriculture sector. Wheat and barley are the primary grains grown in the region, leading to a wide variety of cereals and related products. Additionally, government subsidies for cereal production and export have a significant impact on market dynamics. However, challenges such as climate change and changing consumer preferences towards healthier alternatives are driving the market towards diversification and innovation.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily impacted by macroeconomic factors such as consumer spending, trade policies, and global economic conditions. In countries with strong economic growth and stable consumer spending, there is a higher demand for premium cereal products such as muesli and granola. On the other hand, countries experiencing economic downturns or trade restrictions may see a shift towards more affordable cereal options. Additionally, government policies and subsidies for agricultural production can also influence the availability and pricing of cereal products in the 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.
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