Breakfast Cereals - Haiti

Haiti

Highlights

Revenue in the Breakfast Cereals market amounts to US$6.67m in 2024. The market is expected to grow annually by 11.50% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$23bn in 2024).
In relation to total population figures, per person revenues of US$0.56 are generated in 2024.
In the Breakfast Cereals market, volume is expected to amount to 749.10k kg by 2029. The Breakfast Cereals market is expected to show a volume growth of 3.0% in 2025.0.
The average volume per person in the Breakfast Cereals market is expected to amount to 0.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Breakfast Cereals Market in Haiti has been experiencing restrained growth due to factors such as limited access to technology, low health awareness, and lack of convenience in online services. Despite this, the Bread & Cereal Products Market in Haiti is steadily growing at a moderate pace.

Customer preferences: The Haitian market for breakfast cereals has seen a shift towards healthier options, as consumers become more health-conscious and prioritize nutrition. This trend is also influenced by the younger population in Haiti, who are increasingly adopting Western breakfast habits. As a result, there has been a rise in demand for cereal products with natural ingredients, low sugar, and high protein content. This can be attributed to the growing awareness of the importance of a balanced diet and the influence of Western food culture on Haitian consumers.

Trends in the market: In Haiti, the Breakfast Cereals Market is seeing a rise in demand for healthier and more nutritious options, with consumers becoming more health-conscious. This trend is reflected in the global Breakfast Cereals Market, where there is a growing demand for organic and natural products. Additionally, there is a shift towards convenient and on-the-go breakfast options, such as breakfast bars and single-serve cereal cups. This trend is expected to continue in the coming years, as consumers seek more convenient and nutritious breakfast options. For industry stakeholders, this presents an opportunity to expand their product offerings and cater to the evolving needs of health-conscious consumers. It also highlights the importance of innovation and adapting to changing consumer preferences in the competitive Breakfast Cereals Market.

Local special circumstances: In Haiti, the Breakfast Cereals Market is heavily influenced by the country's agricultural landscape, with locally sourced ingredients being a key selling point for many brands. Additionally, the cultural preference for hot breakfast options has led to the popularity of oatmeal and porridge cereals over cold options. Furthermore, strict import regulations and high import taxes have limited the variety of international cereal brands available in the market, creating a strong demand for locally produced options.

Underlying macroeconomic factors: The Breakfast Cereals Market of the Bread & Cereal Products Market within The Food market in Haiti is impacted by macroeconomic factors such as economic stability, government policies, and consumer spending habits. The country's slow economic growth and high levels of poverty have resulted in a limited market for breakfast cereals. However, government initiatives promoting healthy eating habits and increasing disposable incomes have boosted the demand for breakfast cereals. Furthermore, the rising prevalence of chronic diseases and a growing population have also contributed to the growth of the breakfast cereals market in Haiti.

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.