Bread & Cereal Products - Uruguay

Revenue in the Bread & Bakery Products market amounts to US$1.05bn in 2024. The market is expected to grow annually by 5.64% (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$308.30 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 282.60m 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 78.5kg 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.

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 Food market in Uruguay, specifically the Bread & Cereal Products Market, has seen steady growth due to factors such as increasing consumer health consciousness, convenience of online shopping, and technological advancements in the food industry. However, the minimal growth rate may be impacted by factors such as the limited variety and high competition within the sub-markets of bread, pasta, rice, breakfast cereals, and other cereal products.

Customer preferences: There has been a noticeable increase in demand for gluten-free and plant-based options within the Bread & Cereal Products Market in Uruguay. This shift can be attributed to the growing health consciousness among consumers and the rise in vegan and vegetarian diets. This trend is also driven by the cultural preference for natural and organic products. As a result, there has been a rise in the availability of gluten-free and plant-based products, catering to this niche market.

Trends in the market: In Uruguay, the Bread & Cereal Products Market within The Food market is experiencing a trend towards healthier and more sustainable options. This includes a rise in gluten-free and organic options, as well as a focus on locally sourced ingredients. This trend is driven by increasing consumer demand for healthier and more environmentally friendly food choices. Industry stakeholders are adapting by offering more diverse and sustainable products, as well as investing in sustainable practices throughout the supply chain. This trend is expected to continue, with potential implications for the overall food market as consumers become more conscious of their food choices and demand for healthier and sustainable options increases.

Local special circumstances: In Uruguay, the Bread & Cereal Products Market is heavily influenced by the country's strong agricultural sector and rich farming traditions. The local culture places a high value on homemade bread and cereal products, leading to a strong demand for locally sourced ingredients. Additionally, the country's small size and geographical isolation from other markets has resulted in a limited selection of imported products, creating a unique market dynamic with strong emphasis on traditional and artisanal products.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Uruguay is heavily influenced by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The country has a stable and growing economy with a low inflation rate and favorable regulatory environment for food products. This has led to increased investments in the food industry, including the Bread & Cereal Products Market. Furthermore, the growing population and changing dietary habits towards healthier and more convenient options have also contributed to the market's growth. Additionally, the government's initiatives to promote local production and export of food products have created opportunities for the market to expand and thrive.

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.