Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products market in Northern Africa is experiencing minimal growth due to factors such as low consumer awareness and limited access to digital technologies. Despite these obstacles, the market is slowly expanding, driven by increasing health consciousness and a growing demand for convenient online services.
Customer preferences: There has been a noticeable shift towards healthier and more sustainable food options in Northern Africa, with consumers showing a preference for locally sourced and organic cereal products. This trend is driven by a growing awareness of the environmental and health benefits of such products, as well as a desire to support local farmers and promote sustainable agriculture practices. Additionally, there is a rising demand for gluten-free and plant-based cereal alternatives, reflecting a growing interest in alternative diets and ethical consumption.
Trends in the market: In Northern Africa, the Other Cereal Products Market is seeing a trend towards healthier options, with a rise in demand for gluten-free and organic cereal products. This trend is driven by increasing health consciousness and a growing preference for natural and sustainable food options. Additionally, there is a shift towards snacking on cereal-based products, such as granola bars and breakfast biscuits, as a convenient and nutritious on-the-go option. These trends have significant implications for industry stakeholders, as companies must adapt to meet changing consumer preferences and capitalize on the growing demand for healthier and more convenient cereal products in the region.
Local special circumstances: In Northern Africa, the Other Cereal Products Market of the Bread & Cereal Products Market is heavily influenced by cultural preferences and dietary habits. Due to the region's predominantly Muslim population, there is a high demand for halal-certified products. Additionally, the use of traditional grains such as sorghum and millet in local dishes contributes to a unique market for cereal-based products. Moreover, strict import regulations and a strong preference for locally produced goods also play a significant role in shaping the market dynamics of this region.
Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market is impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Countries with strong economic growth and stable fiscal policies are experiencing higher demand for other cereal products, as consumers have more disposable income to spend on food items. In addition, favorable investment climate and supportive government regulations in the food industry further contribute to market growth. However, regions with economic instability and weak regulatory frameworks may experience slower growth in the Other Cereal Products 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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