Bread - Gabon | Statista Market Forecast

Bread - Gabon

Gabon

Highlights

Revenue in the Bread market amounts to US$76.83m in 2024. The market is expected to grow annually by 6.67% (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$30.92 are generated in 2024.
In the Bread market, volume is expected to amount to 26.39m kg by 2029. The Bread market is expected to show a volume growth of 5.4% in 2025.0.
The average volume per person in the Bread market is expected to amount to 8.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Bread Market in Gabon has seen minimal growth due to factors such as low consumer awareness and limited access to digital technologies. However, increasing health consciousness and convenience of online services may drive future growth.

Customer preferences: Consumers in Gabon are increasingly opting for healthier options in the Bread Market of the Bread & Cereal Products Market within The Food market. This trend is driven by a growing awareness of the benefits of a balanced diet and the impact of unhealthy eating habits on overall health. As a result, there has been a rise in demand for whole grain and gluten-free bread. Additionally, with the rise of social media and the influence of western culture, there is a growing demand for artisanal and specialty breads.

Trends in the market: In Gabon, the Bread Market within the Bread & Cereal Products Market is currently experiencing a surge in demand for artisanal and organic breads. Consumers are becoming increasingly health-conscious and seeking out healthier, more natural options. This trend is expected to continue, as consumers continue to prioritize nutrition and quality ingredients. In addition, there is a growing interest in gluten-free and vegan options, reflecting a larger trend towards plant-based diets. This shift towards healthier and more diverse bread options presents opportunities for industry stakeholders to tap into new markets and cater to evolving consumer preferences.

Local special circumstances: In Gabon, the Bread Market of the Bread & Cereal Products Market within The Food market has been influenced by the country's geographical location and cultural preferences. The market is dominated by traditional bread varieties, such as baguettes and cassava bread, due to the country's French colonial history and the strong presence of cassava in the local diet. Additionally, regulatory restrictions on imported wheat and flour have led to a reliance on local production, creating a unique market dynamic compared to other countries.

Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Gabon is heavily impacted by macroeconomic factors, such as the country's national economic health and fiscal policies. With a growing population and a developing economy, there is a rising demand for affordable and nutritious food options, driving the growth of the bread market. However, the market is also affected by global economic trends, such as fluctuations in currency exchange rates and trade policies. Additionally, government initiatives to promote food security and improve infrastructure in the food industry also play a significant role in shaping the bread market in Gabon. These factors together create a complex and dynamic market environment for bread and cereal products in the country.

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.