Bread & Cereal Products - Seychelles

Revenue in the Bread & Bakery Products market amounts to US$40.81m in 2024. The market is expected to grow annually by 6.85% (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$376.90 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 28.20m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 8.5% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 200.1kg 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 Seychelles is facing negligible growth, due to factors such as limited consumer awareness and high prices of imported products. Despite the convenience offered by online platforms, the high costs and limited variety of locally produced items hinder market growth. Additionally, the small domestic market size and limited resources also contribute to the slow growth rate.

Customer preferences: As more consumers prioritize convenience and health-consciousness, there has been a rise in demand for gluten-free and organic bread and cereal products in Seychelles. This trend is driven by a growing awareness of food sensitivities and a desire for cleaner, more natural ingredients. Additionally, with the rise of vegan and plant-based diets, there is a growing demand for alternative grain-based products such as quinoa, amaranth, and buckwheat. This shift towards healthier and more diverse options reflects a cultural shift towards prioritizing personal well-being and sustainability.

Trends in the market: In Seychelles, the Bread & Cereal Products Market is experiencing a shift towards healthier options, with a growing demand for whole grain and gluten-free products. This trend is being driven by increasing health consciousness and dietary restrictions of consumers. Additionally, there is a rise in the availability of artisanal and locally sourced bread and cereal products, catering to the demand for sustainable and ethically produced goods. These trends are significant as they reflect changing consumer preferences and are likely to drive innovation and competition in the market. Industry stakeholders must adapt to these trends by diversifying their product offerings and investing in sustainable and ethical sourcing practices to remain relevant and competitive in the market.

Local special circumstances: In Seychelles, the Bread & Cereal Products Market is influenced by its unique geographical location and cultural preferences. As an island nation, the market is heavily reliant on imported ingredients, leading to higher prices for bread and cereal products. Additionally, the country's diverse cultural influences, including French, African, and Indian, have resulted in a variety of bread and cereal products, catering to different tastes. The market is also regulated to ensure the quality and safety of these products, with strict food safety standards in place. These factors contribute to the market dynamics, shaping consumer preferences and driving innovation in the Bread & Cereal Products Market in Seychelles.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Seychelles is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's strong tourism industry and stable economic growth contribute to the overall demand for bread and cereal products. Additionally, Seychelles' government policies promoting healthy eating habits and increasing consumer awareness about the benefits of whole grain products are driving the market growth. However, the high import costs and limited domestic production of grains pose a challenge for the market's expansion. With the rising prevalence of chronic diseases globally, there is a growing demand for healthy and nutritious food options, which is expected to further drive the growth of the Bread & Cereal Products Market in Seychelles.

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.