Bread & Cereal Products - Guinea | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$1.24bn in 2024. The market is expected to grow annually by 9.37% (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$85.22 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 323.00m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 1.4% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 20.5kg 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 and cereal products market in Guinea is experiencing subdued growth, influenced by factors such as low consumer awareness of digital technologies, limited access to online health services, and a preference for traditional food products. However, increasing health consciousness and the convenience of online shopping may drive future growth in this market.

Customer preferences: The Bread & Cereal Products Market within The Food market in Guinea has seen a rise in demand for healthier and more nutritious options, as consumers become more health-conscious. This trend is driven by factors such as a growing middle class, increasing awareness of the importance of a balanced diet, and the influence of Western dietary patterns. As a result, there has been a surge in demand for whole grain and gluten-free products, as well as a shift towards more natural and organic ingredients in bread and cereal products. This trend is likely to continue as consumers prioritize healthier food choices and look for products that align with their personal values and beliefs.

Trends in the market: In Guinea, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier options, as consumers become more health-conscious. This trend is driven by an increase in demand for gluten-free and organic products. Additionally, there is a growing preference for convenience, leading to a rise in the availability of pre-packaged and ready-to-eat cereal and bread products. These trends are expected to continue, as consumers prioritize health and convenience in their food choices. This presents opportunities for industry stakeholders to innovate and introduce new products that cater to these preferences. However, it also poses challenges, as companies must navigate changing consumer demands and adapt their strategies accordingly.

Local special circumstances: In Guinea, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geographical and cultural factors. With a large portion of the population living in rural areas, traditional grains and cereals such as millet and sorghum are staples in the local diet. However, with the rise of urbanization and Western influence, there has been an increase in the consumption of processed bread and cereal products. Additionally, the government's regulatory policies on food imports and subsidies play a significant role in shaping the market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Guinea is heavily impacted by macroeconomic factors such as national economic health and fiscal policies. The country's GDP growth rate, inflation, and unemployment rates all have a direct influence on consumer spending and purchasing power, which in turn affects the demand for bread and cereal products. Furthermore, global economic trends, such as fluctuations in commodity prices and trade policies, also play a role in shaping the market's performance. Additionally, government policies and initiatives aimed at promoting food security and reducing food prices can greatly impact the production and distribution of bread and cereal products in Guinea.

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.