Bread & Cereal Products - Jamaica

Revenue in the Bread & Bakery Products market amounts to US$406.00m in 2024. The market is expected to grow annually by 6.72% (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$143.70 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 119.50m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 2.1% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 38.6kg 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 Jamaica is experiencing minimal growth, influenced by factors such as changing consumer preferences for healthier options, increased competition from imported products, and fluctuating prices of raw materials. Despite these challenges, the market is still driven by the convenience and variety offered by online shopping and the growing health consciousness among consumers.

Customer preferences: Consumers in Jamaica are increasingly interested in incorporating healthier options into their diet, leading to a rise in demand for whole grain and gluten-free bread and cereal products. This trend is influenced by a growing awareness of the importance of nutrition and a desire for more natural and organic ingredients. Additionally, with the rise of veganism and plant-based diets, there has been a shift towards incorporating more plant-based alternatives in the bread and cereal market. This includes products such as oat milk, quinoa flakes, and chia seeds, catering to the growing demand for healthier and more sustainable food options.

Trends in the market: In Jamaica, the Bread & Cereal Products market is seeing a rise in demand for whole grain and gluten-free options, driven by health-conscious consumers. This trend is expected to continue, with more players entering the market and offering innovative products. The significance of this trend lies in the growing consumer awareness about the importance of a healthy diet and the potential implications for industry stakeholders include the need to adapt to changing consumer preferences and invest in product innovation to stay competitive.

Local special circumstances: In Jamaica, the Bread & Cereal Products Market is heavily influenced by the country's tropical climate and rich agricultural resources, allowing for the production of unique and diverse grains and cereals. Additionally, cultural preferences for traditional Jamaican dishes, such as ackee and saltfish, drive demand for locally sourced bread and cereal products. Furthermore, government regulations promoting healthy eating habits have led to an increase in demand for whole grain and plant-based options in the market.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Jamaica is influenced by macroeconomic factors such as the country's economic stability, global economic trends, and fiscal policies. Jamaica's strong economic growth and stable political environment have contributed to the growth of The Food market. Additionally, the country's investment in agriculture and food production has also positively impacted the market. However, factors such as fluctuating commodity prices and import restrictions can affect the performance of the market. Furthermore, the increasing health consciousness among consumers and the rising demand for healthy and organic food products are driving the growth of the Bread & Cereal Products Market in Jamaica.

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.