Bread & Cereal Products - Peru | Statista Market Forecast

Revenue in the Bread & Bakery Products market amounts to US$3.94bn in 2024. The market is expected to grow annually by 5.14% (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$113.50 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 1.86bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.8% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 46.5kg 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.

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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 Peru has been experiencing minimal growth, influenced by factors such as changing consumer preferences, increasing health consciousness, and the convenience of online food shopping. The market's sub-segments of bread, pasta, rice, breakfast cereals, and other cereal products all play a role in shaping the overall growth rate.

Customer preferences: As the health and wellness trend continues to gain momentum in Peru, consumers are increasingly opting for healthier and more nutritious options in their bread and cereal products. This trend is driven by a growing awareness of the importance of a balanced diet and the desire to maintain a healthy lifestyle. Additionally, with the rise of e-commerce and online shopping, consumers are also looking for convenient and time-saving options, leading to a rise in demand for online grocery delivery services. This shift towards healthier and more convenient options is also influenced by the increasing number of working professionals and busy lifestyles in urban areas.

Trends in the market: In Peru, the Bread & Cereal Products Market within The Food market is experiencing a growing demand for healthier options, such as whole grain and gluten-free products. This trend is driven by consumers' increasing awareness of the importance of a balanced diet and the rise of health-conscious lifestyles. Additionally, there is a growing market for organic and locally-sourced products, reflecting the growing preference for sustainable and ethically-sourced foods. These trends have significant implications for industry stakeholders, as they must adapt their product offerings and marketing strategies to meet the changing consumer preferences and remain competitive in the market.

Local special circumstances: In Peru, the Bread & Cereal Products market is heavily influenced by the country's rich agricultural industry and traditional cuisine. The demand for locally-grown grains and cereals, such as quinoa and corn, is high among Peruvian consumers who value traditional flavors and ingredients. Additionally, the country's diverse geography and regional variations in food preferences also play a role in shaping the market. Government regulations promoting healthy eating and the use of locally-sourced ingredients further drive the market for bread and cereal products in Peru.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Peru is influenced by macroeconomic factors such as consumer purchasing power, government policies, and international trade agreements. With a stable economy and a growing middle class, Peru has seen an increase in consumer spending on food products, including bread and cereal. Additionally, the government's policies promoting food security and supporting agricultural production have had a positive impact on the market. Furthermore, Peru's participation in international trade agreements, such as the Pacific Alliance, has opened up opportunities for exports of bread and cereal products, contributing to the growth of the market.

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.