Bread & Cereal Products - Cameroon

Cameroon

Revenue in the Bread & Bakery Products market amounts to US$1,588.00m in 2024. The market is expected to grow annually by 5.79% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$278bn in 2024).
In relation to total population figures, per person revenues of US$54.02 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 1,060.00m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.3% in 2025.
The average volume per person in the Bread & Bakery Products market is expected to amount to 31.2kg in 2024.

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

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Analyst Opinion

The Bread & Cereal Products Market in Cameroon is experiencing minimal growth due to factors such as low purchasing power, limited access to technology, and traditional food preferences. However, rising health awareness and convenience offered by online services could drive growth in this market.

Customer preferences: As consumer awareness of the health benefits of whole grains grows, there has been a noticeable increase in demand for ancient grains such as quinoa, amaranth, and teff. These grains are not only perceived as healthier options, but also align with traditional Cameroonian cuisine, making them popular among the local population. This trend is also fueled by the rising popularity of gluten-free diets and the availability of gluten-free bread and cereal products on the market.

Trends in the market: In Cameroon, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier options, driven by increasing health consciousness among consumers. This trend is reflected in the growing demand for whole grain and gluten-free products. Additionally, there is a rise in the use of locally sourced ingredients to support small-scale farmers and promote sustainability. These trends are significant as they cater to changing consumer preferences and align with global health and sustainability initiatives. Industry stakeholders should adapt their product offerings and sourcing strategies to meet these demands and stay competitive in the market.

Local special circumstances: In Cameroon, the Bread & Cereal Products Market is heavily influenced by the country's geographical location, with its proximity to neighboring countries leading to a diverse range of grains and cereals being incorporated into local dishes. Additionally, the market is shaped by the cultural preference for freshly baked bread and the government's efforts to promote local agriculture. These factors contribute to a unique market dynamic, with a strong emphasis on traditional production methods and locally sourced ingredients.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Cameroon is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, the overall economic health of the country, as well as the purchasing power of consumers, can have a significant impact on the demand for bread and cereal products. Additionally, the government's fiscal policies, such as taxation and subsidies, can also affect the market. Furthermore, global economic trends, such as changes in commodity prices and exchange rates, can impact the cost of production and ultimately, the prices of bread and cereal products in Cameroon.

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.