Bread & Cereal Products - Paraguay

Revenue in the Bread & Bakery Products market amounts to US$807.60m in 2024. The market is expected to grow annually by 7.04% (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$116.20 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 395.10m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 4.8% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 49.0kg 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 Paraguay has been growing at a minimal rate, influenced by factors such as changing consumer preferences, economic slowdown, and limited access to technology. However, the market is expected to see slight growth due to increasing health consciousness and availability of affordable products.

Customer preferences: With a growing focus on health and wellness, Paraguayan consumers are increasingly opting for whole grain and gluten-free bread and cereal products. This shift is driven by a rise in health-consciousness and a preference for healthier, nutrient-rich options. Additionally, there has been a growing demand for locally sourced and organic ingredients, reflecting a deeper connection to traditional and sustainable food practices. As a result, companies are introducing new product lines that cater to these evolving consumer preferences.

Trends in the market: In Paraguay, the Bread & Cereal Products Market within The Food market industry is experiencing a shift towards healthier options, driven by consumer demand for more nutritious and natural products. This trend has led to an increase in the production and consumption of whole grain and gluten-free products. Additionally, there is a growing preference for locally sourced ingredients and sustainable production methods. These trends are expected to continue, presenting opportunities for industry stakeholders to tap into the growing health-conscious market segment.

Local special circumstances: In Paraguay, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's agricultural sector and its strong focus on wheat and corn production. Additionally, the country's traditional cuisine heavily relies on corn-based products, leading to a high demand for bread and cereal products. The market is also affected by the country's relatively small population and limited access to imported goods, making locally produced products more popular. Furthermore, government initiatives promoting food security and supporting local producers have a significant impact on market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Paraguay is greatly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. Paraguay's strong agricultural sector and favorable trade policies have contributed to the growth of the Bread & Cereal Products Market. Additionally, the country's stable economic growth and increasing disposable income have led to a rise in demand for convenient and affordable food options. However, the market is also affected by global economic shifts, such as fluctuations in commodity prices and trade agreements. Furthermore, government policies and initiatives to promote food security and improve nutrition are expected to drive market growth in the coming years.

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.