Market Insights Consumer Food Bread & Cereal Products

Other Cereal Products - Cambodia

Cambodia

Revenue in the Other Cereal Products market amounts to €199.40m in 2024. The market is expected to grow annually by 6.29% (CAGR 2024-2029).
In global comparison, most revenue is generated in Egypt (€13,880m in 2024).
In relation to total population figures, per person revenues of €11.30 are generated in 2024.
In the Other Cereal Products market, volume is expected to amount to 129.50m kg by 2029. The Other Cereal Products market is expected to show a volume growth of 4.7% in 2025.
The average volume per person in the Other Cereal Products market is expected to amount to 6.2kg in 2024.

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

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Analyst Opinion

The Other Cereal Products Market in Cambodia is experiencing minimal growth, impacted by factors such as low consumer awareness and limited availability of online services. Despite this, the market is expected to grow slowly due to increasing health consciousness and adoption of digital technologies.

Customer preferences: The Other Cereal Products Market in Cambodia has seen a rise in demand for healthier and more traditional options, such as rice-based cereals and porridges. This trend is driven by a growing awareness of the health benefits of traditional Cambodian ingredients and a desire for more natural and nutritious food choices. Additionally, there has been a surge in demand for gluten-free and organic cereal products, as consumers become more health-conscious and environmentally aware.

Trends in the market: In Cambodia, there is a growing demand for alternative cereal products such as quinoa, oats, and millet, as consumers become more health-conscious and seek out options with higher nutritional value. This trend is expected to continue, with an increasing focus on organic and gluten-free options. This shift towards healthier alternatives presents opportunities for industry stakeholders to diversify their product offerings and cater to a growing niche market. However, it may also pose challenges in terms of sourcing and pricing, as well as competition from local producers. As the trend towards healthier options gains momentum, it is crucial for industry players to stay abreast of consumer preferences and adapt their strategies accordingly.

Local special circumstances: In Cambodia, the Other Cereal Products Market in the Bread & Cereal Products Market within The Food market is influenced by the country's rich agricultural resources and traditional food culture. Local cereals such as rice, maize, and sorghum are staples in Cambodian diets and play a significant role in the market. Additionally, government regulations promoting healthy eating habits have led to the growth of alternative cereal products such as quinoa and amaranth, catering to health-conscious consumers. These factors, coupled with the country's rapid economic growth, are driving the demand for innovative and diverse cereal products in Cambodia's food market.

Underlying macroeconomic factors: The Other Cereal Products Market of the Bread & Cereal Products Market within The Food market in Cambodia is also impacted by macroeconomic factors such as consumer spending power, agricultural policies, and trade agreements. As a developing country with a growing economy, Cambodia has seen an increase in consumer spending, which has led to a rise in demand for other cereal products. Furthermore, favorable agricultural policies and trade agreements have allowed for easier access to high-quality ingredients, contributing to the growth of the market. However, challenges such as limited infrastructure and fluctuating exchange rates may hinder market growth.

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.