Bread & Cereal Products - Angola | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$3.28bn in 2024. The market is expected to grow annually by 11.81% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$278bn in 2024).
In relation to total population figures, per person revenues of US$86.87 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 2.00bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 6.6% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 41.8kg in 2024.

Definition:

The Bread & Cereal Products market covers baked goods made from dough. Dough consists of flour, water, a leavening agent, and other optional ingredients. Cereal products are made from a variety of grains, such as wheat, oats, and rice.

Structure:

The market consists of five different submarkets:

The Bread market covers baked goods made from dough which consist of flour, water, a leavening agent, and other optional ingredients.
The Pasta market covers fresh and dried pasta and noodles made from cereals that are usually used as part of a main meal.
The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.
The Breakfast Cereals market covers muesli and other grain-based breakfast products such as corn flakes and oats.
The Other Cereal Products market covers other products that are made from cereals, such as flour, baking flour, semolina, couscous, and bulgur.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh bread and bread rolls
Pasta
Rice
Breakfast cereals
Other cereal products (e.g. Flour, couscous, bulgur)

Biscuits
Cookies
Crackers
Cakes
Baby rice cereals and other baby cereals
Ready-to-eat meal based on cereals
Out-of-home consumption

The Bread & Cereal Products market in Angola is experiencing subdued growth, influenced by factors such as low consumer spending power, limited access to digital technologies, and a lack of awareness about online health services. This has hindered the market's growth rate, as consumers prioritize basic food necessities over luxury items. However, with the increasing availability of digital technologies and growing health consciousness among consumers, the market is expected to witness moderate growth in the coming years.

Customer preferences: The Bread & Cereal Products Market within The Food market in Angola has seen a rise in demand for gluten-free and organic options, reflecting a growing health consciousness among consumers. This trend is further fueled by the increasing prevalence of lifestyle diseases and the desire for natural and sustainable food choices. Additionally, there is a growing preference for convenient and on-the-go breakfast options, such as cereal bars and instant oatmeal, driven by busy lifestyles and the influence of Western eating habits.

Trends in the market: In Angola, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier and more nutritious options. With rising awareness of the importance of a balanced diet, there is a growing demand for products made with whole grains and natural ingredients. This trend is expected to continue as consumers become more health-conscious. As a result, industry stakeholders are investing in research and development to meet this demand and stay competitive in the market. There is also a potential for partnerships with local farmers to source ingredients, contributing to the development of the agriculture sector in Angola.

Local special circumstances: In Angola, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographical location and limited agricultural resources. Due to its reliance on imports for food products, the market is subject to fluctuations in global prices and currency exchange rates. Additionally, cultural preferences and dietary habits also play a significant role in shaping the local demand for bread and cereal products. Government regulations, such as import tariffs and food safety standards, also impact the market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Angola is heavily influenced by macroeconomic factors such as the country's national economic health and its fiscal policies. Due to the recent economic downturn and currency devaluation in Angola, consumer purchasing power has been significantly impacted, leading to a decrease in the demand for food products. However, the government's efforts to diversify the economy and attract foreign investment have created opportunities for growth in the market. Additionally, the country's rising population and increasing urbanization are expected to drive the demand for convenient and affordable food options, further fueling market growth.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Diets in high-income countries such as the United States consist of a lot of fats, animal products, sweeteners, and other products in addition to the ever-present food staples such as bread. Despite the comparatively lower share of staples in the food supply of these nations, staples still make up the majority of food intake. For example, consumers in the United States eat quite a lot of bread annually. Bread consumption in the U.S. amounts to 6.64 billion kilograms, or 19.84 kilograms per capita. In addition to bread, Americans consume a sizable amount of cake and pastry goods, namely 8.6 billion kilograms in 2022.