Bread - Haiti | Statista Market Forecast

Bread - Haiti

Haiti

Highlights

Revenue in the Bread market amounts to US$128.90m in 2024. The market is expected to grow annually by 9.95% (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$10.86 are generated in 2024.
In the Bread market, volume is expected to amount to 26.67m kg by 2029. The Bread market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Bread market is expected to amount to 2.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Bread market in Haiti is facing subdued growth due to various factors such as low consumer spending, limited access to resources, and lack of investment in infrastructure. Despite this, the market is still expected to experience moderate growth in the coming years, driven by the increasing demand for convenience and affordable food options.

Customer preferences: As the demand for healthier options increases, consumers in Haiti are turning towards whole grain and gluten-free breads. This trend is driven by a growing awareness of the health benefits of these products, as well as a rise in gluten intolerance and celiac disease. Additionally, there has been a shift towards locally sourced ingredients and artisanal breads, reflecting a desire for more natural and sustainable food options. This trend is further reinforced by the cultural value placed on fresh and homemade foods in Haitian cuisine.

Trends in the market: The Bread Market of the Bread & Cereal Products Market within The Food market in Haiti is witnessing a trend towards healthier and more nutritious options. This is driven by increasing consumer awareness and demand for products made with whole grains, seeds, and natural ingredients. Additionally, there is a growing trend of artisanal and specialty breads, catering to the demand for unique and high-quality products. These trends are significant for industry stakeholders as they provide opportunities for product differentiation and expansion into niche markets. However, there may also be challenges in meeting the demand for affordable and accessible options for lower-income consumers in Haiti.

Local special circumstances: In Haiti, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographic and cultural factors. Due to its location in the Caribbean, Haiti relies heavily on imports for its bread market, leading to high prices for consumers. Additionally, the country's traditional cuisine includes a variety of bread-based dishes, leading to a high demand for local bread products. The government's strict regulations on imported goods also play a significant role in shaping the bread market in Haiti. This unique combination of factors creates a challenging and competitive market for bread producers in Haiti.

Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Haiti is greatly influenced by macroeconomic factors such as agricultural production, government policies, and consumer purchasing power. The country's economy heavily relies on agriculture, with bread being a staple food for many Haitians. Any disruptions in the production of wheat, the main ingredient in bread, can greatly impact the market. Additionally, the government's policies on import tariffs and subsidies can affect the cost of bread for consumers. Furthermore, the overall economic health of the country, including inflation rates and unemployment, can influence consumer spending and demand for bread.

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.