Bread - Malawi | Statista Market Forecast

Bread - Malawi

Malawi

Highlights

Revenue in the Bread market amounts to US$159.30m in 2024. The market is expected to grow annually by 6.87% (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$7.42 are generated in 2024.
In the Bread market, volume is expected to amount to 72.87m kg by 2029. The Bread market is expected to show a volume growth of 0.8% in 2025.0.
The average volume per person in the Bread market is expected to amount to 3.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Bread market in Malawi has seen minimal growth due to various factors such as low consumer awareness, limited access to digital technologies, and challenges in the supply chain. Despite these challenges, the convenience of online bread services is slowly driving growth in the market.

Customer preferences: There has been a noticeable increase in demand for gluten-free and organic bread options in the Bread Market of the Bread & Cereal Products Market within The Food market in Malawi. This can be attributed to a growing health consciousness among consumers, as well as a rise in disposable income and a desire for natural, wholesome products. Additionally, there has been a shift towards smaller, single-serve bread options, reflecting the trend towards snacking and on-the-go consumption in today's busy lifestyle.

Trends in the market: In Malawi, the Bread Market of the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier and more diverse bread options. This trend is being driven by a growing health consciousness among consumers and a rise in demand for gluten-free, whole grain, and organic breads. It is also being fueled by the expansion of modern retail channels, such as supermarkets and convenience stores, which offer a wider variety of bread products. This trend is significant as it presents opportunities for industry stakeholders to tap into new market segments and diversify their product offerings. However, it also poses challenges for traditional bread producers who may struggle to adapt to changing consumer preferences. As such, it is important for industry stakeholders to closely monitor these trends and adjust their strategies accordingly in order to remain competitive in the market.

Local special circumstances: In Malawi, the Bread Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geography and climate. Due to its landlocked location, Malawi relies heavily on imported wheat for bread production, leading to higher prices for consumers. Additionally, cultural preferences for traditional maize-based foods also limit the demand for bread. Government regulations, such as restrictions on wheat imports, also impact the market dynamics, creating challenges for businesses and consumers alike.

Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Malawi is influenced by macroeconomic factors such as the country's economic growth, inflation rates, and government policies. The national economic health of Malawi has a significant impact on the purchasing power of consumers and their ability to afford bread products. Additionally, global economic trends, such as fluctuations in commodity prices and trade policies, can affect the cost of production and supply of bread in the market. Government fiscal policies, such as taxation and subsidies, also play a crucial role in shaping the performance of the bread market in Malawi.

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.