Key regions: Spain, China, Canada, India, South Korea
The Rice Market within The Food market in Sweden has seen minimal growth, attributed to factors such as changing consumer preferences and increase in alternative grain options. Despite this, the convenience and health benefits of rice continue to drive demand, leading to a steady growth rate.
Customer preferences: Consumers in Sweden are increasingly turning to alternative and healthier options in the Rice Market of the Bread & Cereal Products Market within The Food market. This is due to a growing awareness and interest in gluten-free and plant-based diets. As a result, there has been a rise in demand for rice-based products and a shift away from traditional wheat-based options. This trend is also fueled by the country's growing health and wellness culture, as well as the rise of vegetarian and vegan lifestyles.
Trends in the market: In Sweden, the Rice Market within the Bread & Cereal Products Market is experiencing a surge in demand for organic and gluten-free rice products. This trend is driven by the increasing number of health-conscious consumers and the rise of vegan and vegetarian diets. Additionally, the market is witnessing a shift towards sustainable and ethically sourced rice, with consumers becoming more aware of the environmental and social impact of their food choices. This trend is expected to continue, with potential implications for industry stakeholders to focus on innovative and sustainable sourcing methods and to cater to the growing demand for plant-based diets.
Local special circumstances: In Sweden, the Rice Market of the Bread & Cereal Products Market within The Food market is influenced by the country's high standards for sustainable and organic farming practices. This has led to a demand for locally-sourced and environmentally-friendly rice products. Additionally, Sweden's strong economy and high consumer purchasing power drive the market, with a focus on healthy and natural food choices. Government regulations promoting healthier diets and reducing food waste also contribute to the market's growth.
Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market in Sweden is influenced by various macroeconomic factors. The global economic trends play a crucial role in determining the demand and supply of rice in the country. The national economic health, including factors such as GDP growth, inflation, and consumer spending, also impact the rice market in Sweden. In addition, fiscal policies, such as trade agreements and tariffs, can affect the import and export of rice, thereby influencing market performance. Other relevant financial indicators, such as exchange rates and commodity prices, also play a role in shaping the rice market in Sweden. Moreover, the increasing trend of health-consciousness and the growing demand for gluten-free products are expected to drive the demand for rice, a staple gluten-free grain, in the country.
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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