Bread & Cereal Products - Equatorial Guinea

Revenue in the Bread & Bakery Products market amounts to US$209.00m in 2024. The market is expected to grow annually by 5.43% (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$119.10 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 75.09m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.3% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 37.2kg 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 Equatorial Guinea is experiencing minimal growth, influenced by factors such as increasing consumer health awareness and the convenience of online food shopping. Limited access to technology and low purchasing power are impacting the market's growth rate.

Customer preferences: The Bread & Cereal Products Market within The Food market market in Equatorial Guinea has seen a growing trend in health-conscious consumers seeking alternative bread and cereal options such as gluten-free, organic, and whole grain products. This shift is influenced by a rise in health awareness and a desire for more nutritious and sustainable food choices. Additionally, the demand for convenient and on-the-go breakfast options has led to an increase in the popularity of cereal bars and instant oatmeal packets. These emerging preferences reflect a shift towards healthier and more convenient eating habits among the country's population.

Trends in the market: In Equatorial Guinea, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier and more diverse options. This trend is driven by a growing awareness of the importance of a balanced diet and the availability of imported products. As a result, there has been an increase in demand for organic, gluten-free, and whole grain products. This trend is expected to continue, with consumers becoming more health-conscious and seeking out alternative options. This presents an opportunity for industry stakeholders to adapt their product offerings and marketing strategies to cater to this evolving market segment. Additionally, there is potential for partnerships with international brands to bring in a wider range of options and cater to the growing demand for healthier alternatives.

Local special circumstances: In Equatorial Guinea, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geography and cultural preferences. Due to its location on the west coast of Africa, the market is limited by transportation and logistics challenges, leading to a higher demand for locally produced products. The country's diverse population also plays a role, with certain ethnic groups having a preference for specific types of bread and cereal products. Additionally, the government's regulations on imports and exports also impact the market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Equatorial Guinea is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country's reliance on oil exports and its vulnerability to fluctuations in oil prices can greatly impact the purchasing power of consumers and the overall demand for bread and cereal products. Additionally, the government's investment in infrastructure, particularly in the agricultural sector, can play a significant role in the production and availability of these products in the market. Furthermore, the country's high poverty rate and income inequality may also affect the affordability and accessibility of bread and cereal products for the majority of the population.

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.