Key regions: Spain, Canada, Japan, South Korea, Russia
The Confectionery market in Bahrain is experiencing minimal growth, influenced by factors such as increasing consumer health consciousness, the convenience of online services and the adoption of digital technologies. These factors are driving growth within the sub-markets of Chocolate, Sugar Confectionery, Ice Cream and Preserved Pastry Goods & Cakes.
Customer preferences: Consumers in Bahrain are becoming more health-conscious and are seeking healthier options in the Confectionery Market within the Confectionery & Snacks Market of The Food market. This has led to a rise in demand for organic and natural confectionery products. Additionally, there has been a shift towards low-sugar and low-calorie options, driven by increasing concerns about obesity and diabetes. The rise in popularity of plant-based diets has also influenced consumer preferences, leading to a higher demand for vegan and vegetarian confectionery products. This trend is expected to continue, as consumers become more aware of the impact of their food choices on their overall health and well-being.
Trends in the market: In Bahrain, the Confectionery market is experiencing a shift towards healthier snacks, with consumers demanding more natural and organic ingredients. This trend is also seen in the Confectionery & Snacks market within The Food market, as consumers are becoming more health-conscious and seeking out products with lower sugar and fat content. This trajectory is significant for industry stakeholders as it presents both challenges and opportunities. Companies must adapt to changing consumer preferences and invest in developing healthier options, while also maintaining the indulgent appeal of traditional confectionery products. Additionally, this trend has the potential to drive innovation and open up new markets for manufacturers. However, it also poses a threat to traditional confectionery brands if they fail to keep up with changing consumer demands.
Local special circumstances: In Bahrain, the Confectionery market is heavily influenced by the country's small size and high urbanization rate. This has led to a demand for convenient and on-the-go snacks, resulting in a growing market for single-serve and portable confectionery products. Additionally, the country's cultural diversity has also shaped the market, with a preference for traditional Arabic sweets and pastries coexisting with a growing demand for international confectionery brands. The regulatory environment in Bahrain also plays a role, with strict food safety standards and labeling requirements impacting the types of products available in the market.
Underlying macroeconomic factors: The Confectionery Market of the Confectionery & Snacks Market within The Food market is greatly impacted by macroeconomic factors such as consumer spending, disposable income, and population growth in Bahrain. As the economy continues to recover from the global pandemic, consumer confidence and purchasing power are expected to increase, driving demand for confectionery products. In addition, favorable fiscal policies and investments in the food industry are expected to boost market growth. The growing young population and increasing urbanization in Bahrain also present opportunities for market expansion, as these demographics are more likely to consume confectionery products. However, challenges such as rising inflation and fluctuating oil prices may hinder market growth in the short term.
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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