Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products Market in Mauritius has seen moderate growth due to factors such as consumer preference for traditional breakfast options and limited availability of specialized products. However, the market is expected to grow at a minimal rate due to increasing health awareness and the convenience of online shopping.
Customer preferences: Consumers in Mauritius are showing a growing interest in healthier and more sustainable food options, leading to a rise in demand for alternative cereal products such as quinoa, amaranth, and ancient grain blends. This trend is driven by a shift towards plant-based diets and a desire for nutritious, whole foods. Additionally, there is a growing awareness of the environmental impact of traditional cereal production, prompting consumers to seek out more sustainable options.
Trends in the market: In Mauritius, the Other Cereal Products Market within the Bread & Cereal Products Market is experiencing a shift towards healthier options, such as gluten-free and organic cereal products. This trend is driven by increasing consumer demand for nutritious and sustainable food choices. As a result, major players in the industry are investing in developing and promoting such products. This trajectory is expected to continue, with consumers becoming more health-conscious and seeking out alternative cereal options. This trend has significant implications for industry stakeholders, as they must adapt to meet the changing demands of consumers and stay competitive in the market.
Local special circumstances: In Mauritius, the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is influenced by the country's cultural diversity, with a significant portion of the population following vegetarian and halal diets. This has led to a demand for alternative cereal products such as quinoa and millet. The market is also impacted by the country's strict regulations on food imports, promoting the consumption of locally produced cereal products.
Underlying macroeconomic factors: The Other Cereal Products Market within the Bread & Cereal Products Market is impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Countries with strong economic growth and stable fiscal policies are likely to experience higher demand for other cereal products, as consumers have more disposable income to spend on food. Additionally, investments in agricultural infrastructure and technological advancements in farming techniques can also impact the production and availability of other cereal products in the market. Moreover, the growing health consciousness and demand for healthy food alternatives are also expected to drive the demand for other cereal products, particularly those made from whole grains and alternative flours.
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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