Skip to main content
  1. Market Insights
  2. Consumer
  3. Food
  4. Bread & Cereal Products

Bread - Azerbaijan

Azerbaijan
  • Revenue in the Bread market amounts to US$887.50m in 2024. The market is expected to grow annually by 5.85% (CAGR 2024-2029).
  • In global comparison, most revenue is generated China (US$80bn in 2024).
  • In relation to total population figures, per person revenues of US$84.82 are generated in 2024.
  • In the Bread market, volume is expected to amount to 524.20m kg by 2029. The Bread market is expected to show a volume growth of 2.4% in 2025.0.
  • The average volume per person in the Bread market is expected to amount to 46.3kg in 2024.

Definition:

The Bread market covers staple items made by mixing one or more types of flour, wet ingredients, and leavening ingredients, and then baking it until it becomes firm and dry. Bread is available in a variety of shapes and flavors. Popular types of bread include white, whole wheat, and sourdough.

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.

In-Scope

  • Bread of all types of grain is included (wheat bread, whole wheat bread, brown bread, spelt bread, cornbread, yeast bread, sourdough, rice bread, gluten-free bread, raisin/fruit bread)
  • Fresh bread, frozen bread
  • Flatbread (Tortillas), bread rolls and sliced bread (toasted bread)
  • Bagels, Ciabatta, Baguette
  • Injera, Bao Buns, Panini, Naan, Pita, English Muffin

Out-Of-Scope

  • Pastry and other bakery goods
  • Gingerbread
  • Crackers
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Bread market in Azerbaijan has seen minimal growth due to factors such as low consumer awareness, limited access to digital technologies and traditional preferences for freshly baked bread. This has resulted in a slow growth rate for the Bread & Cereal Products Market within The Food market.

Customer preferences:
Consumers in Azerbaijan are showing a growing interest in artisanal and locally-sourced bread, reflecting a trend towards supporting small businesses and promoting traditional food culture. This preference is also driven by a desire for healthier and more natural options, as well as a growing awareness of the environmental impact of food production. The popularity of local bread markets and festivals highlights a shift towards valuing and preserving cultural heritage in the food industry.

Trends in the market:
In Azerbaijan, the Bread Market of the Bread & Cereal Products Market is experiencing a rise in demand for healthier, whole grain options, reflecting a global trend towards health-consciousness. This trend is expected to continue, with consumers increasingly seeking out products with added nutritional value and natural ingredients. The significance of this trend is evident in the increasing number of companies investing in research and development of better-for-you bread options. Industry stakeholders should take note of this trajectory and consider investing in innovative products to meet consumer demands and maintain competitiveness in the market.

Local special circumstances:
In Azerbaijan, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's rich history and culture. Bread holds a significant role in Azerbaijani cuisine, and traditional methods of baking are still widely used. Additionally, government regulations on food production and imports play a crucial role in shaping the market. The country's location and access to natural resources also impact the availability and variety of bread products in the market. These factors create a unique market dynamic that sets it apart from other markets.

Underlying macroeconomic factors:
The Bread Market of the Bread & Cereal Products Market within The Food market in Azerbaijan is significantly influenced by macroeconomic factors such as economic stability, government policies, and consumer purchasing power. The country's strong economic growth and stable political climate have created a conducive environment for market growth. Additionally, the government's focus on promoting local agricultural production and reducing import dependence has boosted the production and consumption of bread products. Furthermore, the increasing disposable income and changing dietary habits of consumers have also contributed to the growth of the bread market in Azerbaijan.

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

Contact

Get in touch with us. We are happy to help.