Bread & Cereal Products - Chile | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$3.33bn in 2024. The market is expected to grow annually by 5.77% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$278bn in 2024).
In relation to total population figures, per person revenues of US$169.50 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 1.18bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.1% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 53.0kg in 2024.

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:

The Bread market covers baked goods made from dough which consist of flour, water, a leavening agent, and other optional ingredients.
The Pasta market covers fresh and dried pasta and noodles made from cereals that are usually used as part of a main meal.
The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.
The Breakfast Cereals market covers muesli and other grain-based breakfast products such as corn flakes and oats.
The Other Cereal Products market covers other products that are made from cereals, such as flour, baking flour, semolina, couscous, and bulgur.

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.

For more information on the displayed data, click the info button on the right side of each box.

Fresh bread and bread rolls
Pasta
Rice
Breakfast cereals
Other cereal products (e.g. Flour, couscous, bulgur)

Biscuits
Cookies
Crackers
Cakes
Baby rice cereals and other baby cereals
Ready-to-eat meal based on cereals
Out-of-home consumption

The Bread & Cereal Products Market in Chile has been experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Despite this slow growth, the market remains stable due to the diverse sub-markets of Bread, Pasta, Rice, Breakfast Cereals, and Other Cereal Products.

Customer preferences: As Chile's economy continues to grow, there has been an increase in demand for convenient and healthy food options. This has led to a rise in sales of whole grain and gluten-free bread and cereal products. Additionally, there is a growing trend towards locally sourced and organic ingredients in these products, driven by a desire for more sustainable and environmentally-friendly options. This shift in consumer preferences is also influenced by the increasing awareness of the health benefits of whole grains and natural ingredients.

Trends in the market: In Chile, the Bread & Cereal Products Market within The Food market is seeing a shift towards healthier options, such as whole grain and organic products. This trend is driven by increasing health consciousness among consumers and government initiatives promoting healthy eating. Additionally, there is a growing demand for gluten-free and plant-based options. This trend is expected to continue, presenting opportunities for industry stakeholders to innovate and expand their product offerings to cater to changing consumer preferences.

Local special circumstances: In Chile, the Bread & Cereal Products market is heavily influenced by the country's unique geographical and cultural factors. As a major producer of grains and wheat, Chile has a strong domestic supply chain for bread and cereal products. Additionally, the popularity of traditional Chilean dishes, such as empanadas and pastel de choclo, heavily rely on these products. Furthermore, strict regulations and consumer preferences for natural and whole grain products have led to a surge in demand for healthier options, driving market growth.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Chile is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. As a country highly dependent on international trade, Chile is greatly affected by fluctuations in global economic conditions. Changes in exchange rates, commodity prices, and global demand for food products can significantly impact the performance of the Bread & Cereal Products Market. Additionally, national economic health, including factors such as inflation rates, interest rates, and consumer spending, also play a crucial role in determining the market's growth and profitability. Fiscal policies adopted by the government, such as tax rates and subsidies, can also greatly influence market performance by affecting production costs and consumer purchasing power. It is important to closely monitor these macroeconomic factors to make informed decisions and stay competitive in the Bread & Cereal Products Market in Chile.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

Diets in high-income countries such as the United States consist of a lot of fats, animal products, sweeteners, and other products in addition to the ever-present food staples such as bread. Despite the comparatively lower share of staples in the food supply of these nations, staples still make up the majority of food intake. For example, consumers in the United States eat quite a lot of bread annually. Bread consumption in the U.S. amounts to 6.64 billion kilograms, or 19.84 kilograms per capita. In addition to bread, Americans consume a sizable amount of cake and pastry goods, namely 8.6 billion kilograms in 2022.