Bread & Cereal Products - Worldwide

  • Worldwide
  • Revenue in the Bread & Bakery Products market amounts to €1,273.00bn in 2024. The market is expected to grow annually by 7.10% (CAGR 2024-2028).
  • In global comparison, most revenue is generated in China (€257bn in 2024).
  • In relation to total population figures, per person revenues of €164.30 are generated in 2024.
  • In the Bread & Bakery Products market, volume is expected to amount to 789.50bn kg by 2028. The Bread & Bakery Products market is expected to show a volume growth of 4.2% in 2025.
  • The average volume per person in the Bread & Bakery Products market is expected to amount to 88.8kg in 2024.

Key regions: Philippines, South Korea, Japan, India, Canada

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

The Bread and Cereal Products market has been relatively stable for a long time but has recently become more volatile. This change can be attributed to supply chain disruptions and reduced harvesting in some major production areas. Furthermore, unforeseen events have also impacted the market, e.g., the COVID-19 pandemic and the Russia-Ukraine war, given that Russia and the Ukraine are key producers of wheat, barley, oats, as well as other related products. Additionally, the increase in importation and demand from China has also affected the market. As a result of these influencing factors, cereal prices have seen a significant increase.

When it comes to the Bread and Cereal Products market, it is important to consider some of its main challenges and uncertainties. Some of them are nature-related, such as crop diseases, crop pests, and climate change. Moreover, macroeconomic developments, such as inflationary pressure and real exchange rate movements, can also affect the Cereal & Breakfast market.

Three key trends that can be observed in the Bread and Cereal Products market. Firstly, consumers are increasingly trying to reduce their intake of sugar and other ingredients that have a negative impact on both the immune system and sustainability. Thus, they are turning to “clean label” products. Secondly, breakfast cereals with high-fiber content and high-protein diets are becoming more popular. Thirdly, when purchasing products, consumers are valuing the convenience and snackability of foods within this market a lot more.

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.

Vue d’ensemble

  • Revenue
  • Volume
  • Price
  • Analyst Opinion
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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