DUBLIN--(BUSINESS WIRE)--The "Top Growth Opportunities: Bakery & Cereals in Australia" report has been added to Research and Markets' offering.
Australia was the fifth largest Bakery & Cereals market in value terms, in 2016. The Australian Bakery & Cereals market is stable and growing steadily, recording a CAGR of 3.3% in Australian dollar value terms between 2011 and 2016. With GDP set to increase in 2017, growth indicators for the Australian economy are positive. Prime Minister Turnbull's anti-austerity measures seek to take advantage of low interest rates and boost consumer spending.
The Australian Bakery & Cereals market saw a small decline in US$ between 2011 and 2016, due to the depreciation of the Australian Dollar. However, the growth is forecast to change to positive in the next five years between 2016 and 2021.
Australia ranks among the biggest markets in the global Bakery & Cereals sector in terms of per capita consumption, concretely third in 2016, and expected to become the second largest by 2021. With increasing busy lifestyles, time-pressed consumers are spending most of their time out of home and therefore seek food products that can be carried and consumed on-the-go. Consequently, the market is forecast to register faster growth during 2016-2021 when compared to 2011-2016.
Domestic Bakery & Cereals brands in Australia have outperformed international ones. In 2016, Australia ranked third among the top 10 Bakery & Cereals markets in terms of per capita expenditure (in US dollar terms), smaller than Chile and the US. The per capita expenditure on bakery and cereal products is expected to grow at a slow CAGR of 2.7% during 2016-2021; supported by a growing economy coupled with rising disposable income, and a large working population is driving the demand for Bakery & Cereals in the country.
Key Topics Covered:
1. Introducing a top growth market for Bakery & Cereals
2. Market insight - identifying the opportunities to move into
3. Retail and distribution insight - key channels and retailers driving growth
4. Company and brand insight - the competitive landscape defined
5. Consumer insight - who, what, when, where, and why
6. Product and packaging insights
7. White spaces and innovation opportunities - space to move into
8. Appendix and Definitions
- Campbells Soup Company
- Goodman Fielder
- Associated British Foods
- The Kellogg Company
- Cereal Partners Worldwide
- Mondelez International
- Coles Supermarkets
- Friendly Grocer
For more information about this report visit https://www.researchandmarkets.com/research/g4x3qt/top_growth