Key regions: Canada, Spain, South Korea, United States, Japan
The Other Cereal Products market within the Bread & Cereal Products market in Spain has been experiencing minimal growth, impacted by factors such as low consumer awareness and limited availability of online services.
Customer preferences: As health consciousness continues to rise, there is a growing demand for gluten-free and organic options in the Other Cereal Products Market of the Bread & Cereal Products Market within The Food market. This trend is driven by a desire for healthier and more sustainable food choices, as well as increased awareness of food allergies and intolerances. As a result, manufacturers are expanding their product lines to cater to this growing consumer segment.
Trends in the market: In Spain, the Other Cereal Products Market within the Bread & Cereal Products Market of The Food market is experiencing a shift towards healthier options, with an increasing demand for gluten-free and organic cereal products. This trend is driven by health-conscious consumers seeking alternatives to traditional wheat-based products. Additionally, there is a growing interest in ancient grains such as quinoa and amaranth, as well as innovative cereal-based snacks. These trends are significant as they reflect changing consumer preferences and a shift towards more sustainable and nutritious food choices. Industry stakeholders will need to adapt to these trends by offering a wider variety of options and promoting the health benefits of these products.
Local special circumstances: In Spain, the Other Cereal Products Market is heavily influenced by the country's rich agricultural history and tradition of using local grains such as wheat, corn, and barley. This has led to a diverse range of cereal products unique to Spain, such as horchata (made from tiger nuts) and tortas de aceite (olive oil flatbreads). Additionally, Spain's strict regulations on food labeling and quality control have created a high level of trust and preference for locally produced cereal products.
Underlying macroeconomic factors: The growth of the Other Cereal Products Market in Spain is influenced by macroeconomic factors such as changing consumer trends, government policies, and fluctuations in the global economy. The increasing demand for healthier and more diverse breakfast options is driving the growth of the market. Additionally, government initiatives to promote healthy eating habits and investments in the food industry are further boosting market growth. Moreover, the rise in disposable income and changing lifestyles are also contributing to the growth of the Other Cereal Products Market in Spain.
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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