Bread & Cereal Products - Bosnia and Herzegovina

Revenue in the Bread & Bakery Products market amounts to US$540.10m in 2024. The market is expected to grow annually by 3.89% (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$169.10 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 257.00m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 1.8% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 73.8kg 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.

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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 Bosnia and Herzegovina has been experiencing a slow growth rate due to factors such as stagnant consumer demand, limited availability of raw materials, and lack of technological advancements. However, the market is expected to grow in the future with increasing health awareness and the convenience offered by online services.

Customer preferences: As health consciousness continues to rise in Bosnia and Herzegovina, there has been a noticeable increase in demand for organic and gluten-free bread and cereal products. This trend is driven by a growing awareness of the importance of a balanced and healthy diet, as well as a desire for more natural and sustainable food options. Additionally, there is a growing interest in traditional and locally-sourced products, as consumers place a greater emphasis on supporting local businesses and preserving cultural heritage.

Trends in the market: In Bosnia and Herzegovina, the Bread & Cereal Products Market is experiencing a rise in demand for healthier options, such as whole grain and gluten-free products. This trend is driven by an increase in health-conscious consumers who are seeking out nutritious and sustainable food options. Additionally, there is a growing interest in locally sourced and organic products, as well as a shift towards convenience and ready-to-eat meals. These trends are significant for industry stakeholders as they must adapt their products and marketing strategies to meet the changing demands of consumers. There is also potential for collaboration and partnerships with local farmers and producers to meet the demand for locally sourced and organic ingredients. This trend is expected to continue, as consumers become more aware and conscious of their food choices and prioritize health and sustainability.

Local special circumstances: In Bosnia and Herzegovina, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographical location and cultural preferences. The mountainous terrain and fertile valleys provide a conducive environment for the production of grains, while the traditional diet of bread and cereals remains a staple in local cuisine. Additionally, the market is subject to strict food regulations, with an emphasis on quality and safety, which can impact pricing and availability of products. This unique combination of factors has shaped the dynamics of the market, making it distinct from other markets in the region.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Bosnia and Herzegovina is heavily influenced by macroeconomic factors such as the country's economic stability, global economic trends, and fiscal policies. The performance of this market is also impacted by the overall health of the national economy and relevant financial indicators. Additionally, consumer spending habits and purchasing power play a significant role in shaping the demand for bread and cereal products. The rising trend towards healthier food choices and increasing disposable income among the population have also contributed to the growth of this market. However, challenges such as fluctuating prices of raw materials and intense competition within the industry may hinder 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.