Various Countries Bakery & Cereals Markets Opportunities Explored by GlobalData in New Reports Published at MarketPublishers.com02 Oct 2017 • by Natalie Aster
LONDON – Market Publishers is happy to inform that a series of new GlobalData country-wise bakery and cereals markets reports are currently available in its online catalogue at MarketPublishers.com.
From 2011 to 2016, Chile has seen a slight decrease in its bakery & cereals market value, which demonstrated a negative CAGR during the reviewed period. However, the country’s bakery & cereals market is poised to gain more momentum in the offing, with a far more enhanced growth through to 2021. Chile boasts of having the most lucrative opportunities in the bakery & cereals segment with respect to per capita spending.
Being once one of the smallest bakery & cereals markets by value, Malaysia has recently seen its market gain traction due to rising urbanisation, growing middle class population, and westernization trend fuelled by younger generation. Amid the top ten nations, the per capita spending of the country in the bakery & cereals market is low in value terms.
The bakery & sales market in Saudi Arabia is poised to keep on recording robust growth over the next 5 years dueled by a young and westernizing demographic. The per capita spending on bakery and cereal products grew moderately in value terms over the review period. Greater value growth rates as against volume growth rates are illustrative of the market increasing in average price, and is hence turning into a more premium one.
In the UAE, consumers’ surging demand for new and innovative products, and the rising number of women in the workforce are stimulating the demand for convenient on-the-go food alternatives throughout the country. Some premiumisation was viewed in the most rapidly growing categories of bread & rolls and breakfast cereals. The positive growth observed in the national bakery & cereals sector is set to attract more foreign brands to this marketplace.
Country Markets Analysed by GlobalData Include:
- Top Growth Opportunities: Bakery & Cereals in Chile
- Top Growth Opportunities: Bakery & Cereals in Malaysia
- Top Growth Opportunities: Bakery & Cereals in Saudi Arabia
- Top Growth Opportunities: Bakery & Cereals in the UAE
These new reports give deep insights into the bakery & cereals markets across various national, covering market data, demographic demand patterns across the categories, and the leading consumer trends boosting consumption. Each study sheds light on the top growth opportunities emerging in the respective national bakery & cereals market and casts light on NPDs that efficiently target the most relevant consumer need states, and includes strategic recommendations to capitalise on developing consumer landscapes. These reports pinpoint the major demographic groups fuelling consumption, and factors motivating their consumption. Each report identifies key opportunities in the pertinent market, and assesses consumer trends to limelight the degree of impact they have on consumption in the respective category. Detailed historical and forecast market values and volumes are also provided in each report.
Many new reports by this company are available in GlobalData catalogue at MarketPublishers.com.