Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Canada

Canada

Revenue in the Other Cereal Products market amounts to €4.98bn in 2024. The market is expected to grow annually by 6.71% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€14,030m in 2024).
In relation to total population figures, per person revenues of €127.30 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 1.46bn kg by 2029. The Other Cereal Products market is expected to show a volume growth of 4.4% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 30.3kg in 2024.

Key regions: Canada, Spain, South Korea, United States, Japan

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Other Cereal Products Market within the Bread & Cereal Products Market in Canada is experiencing minimal growth, influenced by factors such as changing consumer preferences and market saturation. Despite this, the market continues to see steady growth due to the convenience and health benefits offered by these products.

Customer preferences: As consumers become more health-conscious, the Other Cereal Products Market in Canada has seen a rise in demand for gluten-free and organic options. This trend is driven by a growing awareness of food allergies and a preference for sustainable and natural products. Additionally, the market has also witnessed a shift towards innovative and convenient packaging, catering to busy lifestyles and on-the-go consumption.

Trends in the market: In Canada, the Other Cereal Products Market within the Bread & Cereal Products Market of The Food market is seeing a shift towards healthier options, driven by increasing consumer demand for nutritious and convenient breakfast options. This trend is expected to continue, as consumers prioritize health and wellness in their food choices. Additionally, there is a growing interest in alternative grains, such as quinoa and ancient grains, as well as gluten-free options. These trends present opportunities for industry stakeholders to innovate and cater to evolving consumer preferences.

Local special circumstances: In Canada, the Other Cereal Products Market is influenced by the country's diverse agricultural landscape and consumer preferences for healthy and sustainable food options. The market is also impacted by strict regulations on food labeling and production, as well as the growing demand for gluten-free and organic cereal products. Additionally, the country's multicultural population has resulted in a variety of unique cereal products being introduced to the market, catering to different cultural tastes and preferences.

Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Canada is influenced by macroeconomic factors such as changing consumer preferences, evolving dietary patterns, and growing health consciousness. As consumers become more health-conscious, there is a rising demand for healthier and more nutritious breakfast options, including other cereal products. Moreover, the increasing disposable income and changing lifestyle of consumers are also driving the market growth, as they seek convenient and on-the-go breakfast options. Additionally, favorable government policies and investments in the food and beverage industry are expected to further boost the market growth in Canada.

Methodology

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.