Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in Egypt is seeing minimal growth due to factors such as low consumer awareness and limited availability of online services. Despite this, the market is expected to continue growing at a slow rate.
Customer preferences: With a growing focus on health and wellness, consumers in Egypt are turning towards alternative cereal products such as quinoa, oats, and ancient grains. These products are perceived as healthier and more nutritious than traditional wheat-based products, appealing to health-conscious consumers. Additionally, there is a rising demand for gluten-free options, catering to individuals with gluten intolerance or celiac disease. This trend is also influenced by the increasing number of young, urban, and affluent consumers who are seeking healthier and more diverse food options.
Trends in the market: In Egypt, there is a growing demand for gluten-free and organic cereal products, driven by health-conscious consumers seeking alternative options. This trend is expected to continue, with an increasing number of consumers adopting healthier diets and seeking out natural, whole grain options. This presents an opportunity for industry stakeholders to expand their product offerings and cater to this niche market. Additionally, there is a shift towards online sales and delivery of cereal products, as consumers seek convenience and safety amid the COVID-19 pandemic. This trend is expected to continue in the future, with online channels becoming a key distribution channel for the Other Cereal Products Market within the Bread & Cereal Products Market in Egypt and beyond.
Local special circumstances: In Egypt, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's rich agricultural history and cultural preferences. The use of local ingredients such as wheat, barley, and corn in cereal products is a reflection of the country's fertile land and strong farming traditions. Additionally, government regulations on import and export of cereals have a significant impact on market dynamics. The market also caters to the growing demand for healthier cereal options, with traditional breakfast foods like Ful Medames gaining popularity. The unique combination of cultural and regulatory factors in Egypt sets it apart from other markets in the region and drives the growth of the Other Cereal Products Market.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is also impacted by macroeconomic factors such as consumer spending, trade policies, and agricultural production. Countries with strong consumer purchasing power and open trade policies often see higher demand for cereal products, leading to market growth. Additionally, fluctuations in agricultural production, such as droughts or crop failures, can affect the availability and cost of cereal grains, ultimately influencing the market's performance.
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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