Bread & Cereal Products - LATAM | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$92.86bn in 2024. The market is expected to grow annually by 6.14% (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$146.00 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 39.17bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.9% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 54.1kg 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 LATAM is experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online shopping. Despite the slow growth rate, the market is expected to continue expanding due to the high demand for staple food items in the region.

Customer preferences: In recent years, there has been a growing preference for natural and organic bread and cereal products in LATAM. This can be attributed to an increasing awareness of health and wellness, as well as a shift towards sustainable and eco-friendly options. Additionally, there has been a rise in demand for gluten-free and plant-based alternatives, reflecting a shift towards healthier and more diverse dietary choices. This trend is particularly pronounced among younger generations, highlighting the influence of changing lifestyles and values on consumer preferences.

Trends in the market: In LATAM, the Bread & Cereal Products market is experiencing a rise in demand for healthier and more sustainable options. This trend is driven by changing consumer preferences towards a healthier lifestyle and increasing awareness about the environmental impact of food choices. As a result, there is a growing market for organic and plant-based bread and cereal products. This trend is expected to continue in the coming years, presenting opportunities for industry stakeholders to tap into this market and offer innovative, sustainable options to meet consumer demands. Additionally, the rise of e-commerce and online grocery shopping in the region is creating new avenues for distribution and sales of bread and cereal products, further contributing to the growth of the market.

Local special circumstances: In Mexico, the Bread & Cereal Products market is heavily influenced by the country's rich culinary traditions and strong preference for fresh, locally-sourced ingredients. This has led to a thriving market for artisanal breads and cereals, as well as a growing demand for gluten-free and organic options. Additionally, government regulations promoting healthy eating habits have driven the market towards more nutritious and sustainable products.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in LATAM is heavily influenced by macroeconomic factors such as changing consumer preferences, rising disposable incomes, and increasing urbanization. As the region continues to experience economic growth and stability, consumers are willing to spend more on convenience and healthier food options. This has led to a growing demand for ready-to-eat and organic products in the Bread & Cereal Products Market. Additionally, government initiatives promoting healthy eating and investing in food production and infrastructure are also supporting the growth of the market in LATAM.

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.