Key regions: Spain, China, Canada, India, South Korea
The Rice Market within The Food market in the United Kingdom is experiencing slow growth, impacted by factors such as shifting consumer preferences towards healthier options and an increase in imported rice. The negligible growth rate is also influenced by the rise in popularity of alternative grains and the availability of low-cost rice substitutes.
Customer preferences: As consumers become more health-conscious, the demand for healthier and gluten-free options in the Rice Market of the Bread & Cereal Products Market within The Food market has increased. This trend is driven by the growing awareness of the health benefits of rice and the rise in gluten intolerance. Additionally, there is a growing preference for organic and non-GMO rice products, reflecting a shift towards more sustainable and natural food choices.
Trends in the market: In the United Kingdom, the Rice Market within the Bread & Cereal Products Market is experiencing a rise in demand for healthier and more sustainable options. Consumers are increasingly seeking out rice varieties such as brown rice and wild rice, as well as gluten-free and organic options. This trend is driven by growing health consciousness and concerns about the environmental impact of traditional rice production methods. Industry stakeholders are responding by offering a wider range of rice products and investing in sustainable farming practices. This trend is expected to continue, as consumers prioritize health and sustainability in their purchasing decisions.
Local special circumstances: In the United Kingdom, the Rice Market within the Bread & Cereal Products Market is heavily influenced by the country's unique regulatory circumstances. Unlike other markets, the UK has strict regulations on the labeling and advertising of food products, including rice. This has led to a rise in demand for organic and locally-sourced rice, as consumers become more conscious about the origin and production of their food. Additionally, the UK's diverse population has also contributed to the growth of specialty rice markets, catering to specific cultural and dietary preferences. These factors have shaped the dynamics of the Rice Market in the UK, setting it apart from other markets in the Bread & Cereal Products industry.
Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market in the United Kingdom is heavily influenced by macroeconomic factors such as global trade policies, economic stability, and consumer spending habits. The country's strong economic growth and stable political environment have led to a steady increase in consumer purchasing power, resulting in a higher demand for rice and other cereal products. Additionally, the rising trend of health-consciousness among consumers has further fueled the demand for healthier and more diverse rice options, leading to a growing market for specialty rice products. Moreover, the UK's strategic location and well-developed infrastructure have made it an attractive market for international rice suppliers, further driving market growth.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
