Bread & Cereal Products - Mongolia

Revenue in the Bread & Bakery Products market amounts to US$671.10m in 2024. The market is expected to grow annually by 11.27% (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$192.10 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 347.90m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 4.6% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 84.3kg 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 The Food market of Mongolia is experiencing mild growth, driven by factors such as increasing consumer awareness of health benefits and convenience of online services. However, challenges such as fluctuating prices of raw materials and limited technological advancements may impact the market's growth rate.

Customer preferences: Consumers in Mongolia are increasingly incorporating Western-style bread and cereal products into their traditional diet, leading to a rise in demand for packaged and processed options. This shift is driven by changing lifestyles, with more urbanization and busy work schedules, as well as an increase in disposable income. Additionally, the growing influence of Western culture and a desire for convenience are also contributing to the popularity of these products. As a result, there has been a shift towards more diverse and convenient breakfast options, such as on-the-go cereal bars and instant oatmeal packets.

Trends in the market: In Mongolia, the Bread & Cereal Products Market is experiencing a rise in demand for healthier and more diverse options, driven by increasing health consciousness and changing consumer preferences. This trend is expected to continue, with a focus on incorporating traditional Mongolian ingredients and flavors into these products. This presents opportunities for industry stakeholders to innovate and differentiate their offerings. Additionally, there is a growing trend of e-commerce in the food industry, providing convenient access to these products for consumers. However, this may also require investments in digital infrastructure and logistics for industry players to fully capitalize on this trend.

Local special circumstances: In Mongolia, the Bread & Cereal Products Market is heavily influenced by the nomadic lifestyle of the population, where traditionally, herders relied on dairy products and meat for sustenance. However, with urbanization and increasing Western influence, there has been a shift towards a more diverse diet including bread and cereal products. Additionally, the harsh climate and limited agricultural land have led to a reliance on imports, creating unique challenges for the market. The government has implemented policies to promote domestic production and reduce dependence on imports, driving market growth.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Mongolia is influenced by various macroeconomic factors such as the country's economic growth, government policies, and global economic trends. The stability of Mongolia's economy and its fiscal policies play a crucial role in the performance of the market. Additionally, the increasing focus on healthy eating and the rising demand for convenience foods in the country are driving the growth of the Bread & Cereal Products Market. The growing urbanization and rising disposable income of the population are also contributing to the market's expansion. Furthermore, the government's initiatives to promote domestic production and reduce reliance on imports are expected to positively impact the market's growth.

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.