Bread & Cereal Products - BRICS

BRICS

Revenue in the Bread & Bakery Products market amounts to US$572.10bn in 2025. The market is expected to grow annually by 7.28% (CAGR 2025-2029).
In global comparison, most revenue is generated in China (US$303bn in 2025).
In relation to total population figures, per person revenues of US$172.60 are generated in 2025.
In the Bread & Bakery Products market, volume is expected to amount to 413.70bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 5.4% in 2026.
The average volume per person in the Bread & Bakery Products market is expected to amount to 107.5kg in 2025.

Key regions: Philippines, United States, Canada, India, China

Market

Region

Region comparison

Currency

Analyst Opinion

The Bread & Cereal Products market in BRICS has been experiencing slow growth due to factors such as changing consumer preferences, increasing competition, and economic uncertainties. However, the rising health consciousness and convenience offered by online shopping may drive growth in the future.

Customer preferences: With the rise of health and wellness trends in the BRICS countries, there has been a notable shift in consumer preferences towards healthier and more nutritious options in the Bread & Cereal Products Market within The Food market. This has led to an increase in demand for whole grain and gluten-free options, as well as a surge in plant-based alternatives. Additionally, consumers are also showing a preference for locally sourced and organic products, reflecting a growing awareness and desire for sustainable and ethical food choices.

Trends in the market: In the BRICS countries, the Bread & Cereal Products Market is experiencing a shift towards healthier and more sustainable options, driven by consumer demand for nutritious and environmentally friendly products. This trend is spurring innovation in the market, with companies introducing products made from alternative grains and incorporating more plant-based ingredients. This trajectory towards healthier and sustainable options is significant as it aligns with global health and sustainability goals. However, it may also pose challenges for traditional players in the industry who may need to adapt and invest in new technologies and processes to stay competitive. Additionally, this trend presents opportunities for industry stakeholders to tap into the growing market for healthy and sustainable products, especially in developing countries where there is a rising middle class with increasing purchasing power.

Local special circumstances: In China, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's large population and changing dietary habits. As the middle class continues to expand, there is a growing demand for healthier and more convenient food options. This has led to the rise of online grocery shopping and the popularity of breakfast cereals and oatmeal among urban consumers. Additionally, the Chinese government's focus on food safety regulations has also played a significant role in shaping the market dynamics for bread and cereal products.

Underlying macroeconomic factors: The growth of the Bread & Cereal Products Market within The Food market is also influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with strong economic growth and stable fiscal policies are experiencing higher demand for bread and cereal products, driven by increasing disposable income and changing consumer preferences. Furthermore, the rising population and urbanization in BRICS nations have also contributed to the growth of the market, as it creates a larger consumer base for food products. Additionally, government initiatives to promote food security and investments in agricultural infrastructure have further boosted the production and consumption of bread and cereal products in these countries.

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.