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Bread & Cereal Products - Timor-Leste

Timor-Leste
  • Revenue in the Bread & Bakery Products market amounts to US$94.44m in 2024. The market is expected to grow annually by 8.57% (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$68.44 are generated in 2024.
  • In the Bread & Bakery Products market, volume is expected to amount to 156.50m kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 9.9% in 2025.0.
  • The average volume per person in the Bread & Bakery Products market is expected to amount to 82.4kg 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.

In-Scope

  • Fresh bread and bread rolls
  • Pasta
  • Rice
  • Breakfast cereals
  • Other cereal products (e.g. Flour, couscous, bulgur)

Out-Of-Scope

  • Biscuits
  • Cookies
  • Crackers
  • Cakes
  • Baby rice cereals and other baby cereals
  • Ready-to-eat meal based on cereals
  • Out-of-home consumption
Bread & Cereal Products: market data & analysis - Cover

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Bread & Cereal Products: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Bread & Cereal Products market in Timor-Leste is experiencing subdued growth, influenced by factors such as the country's limited resources for agricultural production, high import costs, and low consumer purchasing power. Despite these challenges, the market is expected to see growth due to the increasing demand for convenient and affordable food options in the country. Additionally, the growing health awareness among consumers may lead to a shift towards healthier breakfast cereal options. Overall, the market is slowly expanding as consumers become more open to trying new products and services in the food sector.

    Customer preferences:
    The growing demand for healthier and more sustainable food options has led to an increase in the popularity of whole grain and gluten-free bread and cereal products in Timor-Leste. This trend is driven by a shift towards healthier eating habits and a rise in awareness about dietary restrictions and intolerances. Additionally, the rise in urbanization and busy lifestyles has led to a greater demand for convenient and on-the-go breakfast options, such as granola bars and instant oatmeal packets.

    Trends in the market:
    In Timor-Leste, there is a growing trend towards consumption of healthier and more diverse bread and cereal products, driven by increasing awareness of their nutritional benefits. This trend is expected to continue, with consumers demanding a wider variety of options, including gluten-free and organic products. This has led to the emergence of new players in the market, as well as the expansion of existing companies. Additionally, there is a shift towards online purchasing of these products, providing convenience and accessibility to consumers. This trend has significant implications for industry stakeholders, as it creates opportunities for market growth and diversification, but also requires companies to adapt their production and distribution strategies to meet changing consumer demands.

    Local special circumstances:
    In Timor-Leste, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's geography and cultural preferences. The mountainous terrain makes it difficult for certain types of crops to be grown, leading to a limited variety of locally produced bread and cereal products. Additionally, the traditional diet in Timor-Leste consists mainly of rice and corn, making it challenging for new, unfamiliar products to gain traction in the market. The country's strong preference for locally grown and produced food also poses a challenge for imported bread and cereal products.

    Underlying macroeconomic factors:
    The Bread & Cereal Products Market within The Food market in Timor-Leste is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. Timor-Leste's economy is heavily dependent on agriculture, and as such, any changes in global food prices can greatly impact the market. Additionally, the country's political stability and investment in infrastructure also play a role in market performance. Fiscal policies, such as taxation and subsidies, can also affect the affordability and availability of bread & cereal products in the market. Furthermore, the country's high poverty rate and low levels of education may limit consumer purchasing power and hinder market growth.

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Bread and bakery products in the United States - statistics & facts

    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.
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