Definition:
The Bread & Cereal Products market covers baked goods made from dough. Dough consists of flour, water, a leavening agent, and other optional ingredients. Cereal products are made from a variety of grains, such as wheat, oats, and rice.
Structure:
The market consists of five different submarkets:
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Food market in Chad is witnessing minimal growth, driven by factors such as rising health awareness, increasing adoption of digital technologies, and changing consumer preferences for convenience. This is especially evident in the sub-markets of Bread, Pasta, Rice, Breakfast Cereals, and Other Cereal Products. These factors have contributed to the slow growth rate of the Bread & Cereal Products Market, as consumers are becoming more health-conscious and gravitating towards healthier food options. However, with the increasing availability of online health services, the market is expected to experience moderate growth in the coming years.
Customer preferences: As consumers in Chad become more health-conscious, there has been a noticeable shift towards healthier and more nutritious options in the Bread & Cereal Products Market. This trend is driven by a growing awareness of the importance of a balanced diet and the increasing prevalence of chronic diseases. As a result, there has been a rise in demand for whole grain, gluten-free, and organic bread and cereal products. This has also led to the emergence of local producers offering traditional and healthier alternatives, catering to the preferences of the diverse population in Chad.
Trends in the market: In Chad, the Bread & Cereal Products Market within The Food market is experiencing a shift towards more nutritious and diverse offerings. With a growing awareness of the importance of a healthy diet, consumers are seeking out products with higher protein and fiber content. This trend is expected to continue as the government implements initiatives to promote healthy eating habits. These developments not only benefit consumers, but also present opportunities for industry stakeholders to tap into the demand for healthier products and expand their market share.
Local special circumstances: In Chad, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographical and cultural factors. The landlocked nature of Chad makes transportation and distribution of food products challenging, resulting in higher prices for imported goods. Additionally, the traditional diet of Chadians, which consists mainly of millet and sorghum, limits the demand for bread and cereal products. The regulatory environment also plays a significant role, with strict import regulations and limited access to international trade agreements hindering market growth. As a result, local producers dominate the market, offering products that cater to the specific tastes and preferences of Chadian consumers.
Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Chad is heavily influenced by macroeconomic factors such as the country's overall economic health, global economic trends, and fiscal policies. With a growing population and increasing urbanization, there is a high demand for affordable and nutritious food options, which has led to the growth of the Bread & Cereal Products Market. However, the market is also affected by factors such as inflation and currency fluctuations, which can impact the cost of production and distribution. Furthermore, government policies related to trade and agriculture also play a significant role in shaping the market, as they impact the availability and pricing of key ingredients used in the production of bread and cereal products. Overall, the market performance is closely tied to the country's economic stability and policies that impact food production, consumption, and trade.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights