Bread & Cereal Products - Suriname

Revenue in the Bread & Bakery Products market amounts to US$14.70m in 2024. The market is expected to grow annually by 6.91% (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$23.38 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 5.37m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 0.8% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 7.8kg 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 Suriname is experiencing negligible growth, influenced by factors such as increasing health consciousness among consumers, convenience of online food services, and the availability of a variety of bread and cereal options. Other sub-markets such as pasta, rice, breakfast cereals, and other cereal products also play a role in shaping the overall market growth.

Customer preferences: Consumers in Suriname are becoming more health-conscious, leading to a growing demand for healthier bread and cereal options. This trend is driven by an increasing awareness of the link between diet and chronic diseases, such as diabetes and heart disease. As a result, there has been a rise in the availability of gluten-free and whole grain bread and cereal products in the market. Additionally, there is a growing preference for locally sourced and organic ingredients, reflecting a shift towards more sustainable and ethical consumption patterns.

Trends in the market: In Suriname, the Bread & Cereal Products Market within The Food market is experiencing a trend towards healthier options, with a growing demand for gluten-free and organic products. This trend is driven by consumers who are becoming more health-conscious and seeking alternatives to traditional wheat-based products. Additionally, there is a rise in online shopping for these products, as well as an increase in collaborations between local producers and international health food companies. This trend is significant as it reflects a shift towards a more health-focused lifestyle in Suriname and has implications for industry stakeholders to adapt their offerings to meet this demand.

Local special circumstances: In Suriname, the Bread & Cereal Products Market is heavily influenced by the country's tropical climate, with an abundance of locally grown grains and fruits used in traditional recipes. Cultural preferences for freshly baked bread and homemade cereals have also contributed to the market's unique dynamics. Additionally, regulations on food imports have created a demand for locally produced bread and cereal products, driving growth in the market.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in Suriname is influenced by macroeconomic factors such as changes in global economic trends, national economic stability, fiscal policies, and other relevant financial indicators. Suriname's economy is heavily dependent on the export of natural resources, making it vulnerable to fluctuations in global commodity prices. The country's GDP growth has been slow in recent years due to low commodity prices and the impact of the COVID-19 pandemic. However, government initiatives to diversify the economy and attract foreign investments in the food industry are expected to drive market growth. Additionally, the growing population and increasing disposable income are contributing to the demand for convenient and affordable food options, including bread and cereals.

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.