Bread & Cereal Products - Puerto Rico

Revenue in the Bread & Bakery Products market amounts to US$907.40m in 2024. The market is expected to grow annually by 3.17% (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$277.60 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 316.10m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 1.5% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 91.1kg 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 Puerto Rico is experiencing minimal growth, influenced by factors such as increasing demand for healthier food options, changing consumer preferences, and the convenience of online shopping. Despite negligible growth, the market is expected to continue expanding due to the strong presence of local and international food brands in the region.

Customer preferences: As Puerto Rico's population becomes more health-conscious, there is a growing demand for healthier and more nutritious bread and cereal products. This trend is driven by a shift towards plant-based diets and a desire for clean-label and organic options. Additionally, there is a growing interest in gluten-free and low-carb options, reflecting the increasing prevalence of food sensitivities and dietary restrictions among consumers. As a result, food companies are innovating and expanding their product lines to meet these evolving consumer preferences.

Trends in the market: In Puerto Rico, the Bread & Cereal Products Market within The Food market is seeing a trend towards healthier and more sustainable options, driven by increased consumer demand. This includes a rise in organic and gluten-free products, as well as a focus on locally sourced ingredients. These trends are significant for industry stakeholders as they must adapt to changing consumer preferences and invest in sustainable sourcing practices. Additionally, the use of digital platforms for online ordering and delivery has also increased, providing convenience for consumers and opening up new opportunities for market growth.

Local special circumstances: In Puerto Rico, the Bread & Cereal Products Market is heavily influenced by the unique cultural preferences of the local population. The use of traditional ingredients, such as plantains and yucca, in bread and cereal products sets this market apart from others. Additionally, the island's tropical climate and abundance of local agriculture play a significant role in determining the availability and pricing of these products. Furthermore, government regulations on imports and exports also impact the market, as Puerto Rico is a US territory.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Puerto Rico is affected by various macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The market is influenced by factors such as consumer spending, inflation rates, and employment levels. Furthermore, the government's policies on food imports, exports, and subsidies can significantly impact the market. Additionally, the overall economic stability of the country and its ability to attract foreign investments also play a crucial role in the growth and development of the Bread & Cereal Products Market in Puerto Rico.

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.