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Revenue in the Bread & Bakery Products market amounts to US$16.33bn in 2024. The market is expected to grow annually by 5.09% (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$417.60 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 4.22bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 3.5% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 93.0kg 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 Canada is experiencing minimal growth, influenced by factors such as increasing health awareness among consumers and convenience of online services. This trend is seen in the Bread & Cereal Products Market, where digital technologies are being adopted and driving growth in sub-markets like Breakfast Cereals and Other Cereal Products. However, the market's overall growth rate is limited due to various factors such as changing consumer preferences and competition from alternative products.

Customer preferences: Consumers in Canada are increasingly interested in healthy and sustainable food options, leading to a rise in demand for organic and locally sourced bread and cereal products. This trend is driven by a growing awareness of the environmental and health impacts of processed foods, as well as a desire for more ethically produced goods. Additionally, with the rise of plant-based diets, there is a demand for bread and cereal products that cater to dietary restrictions and preferences.

Trends in the market: In Canada, the Bread & Cereal Products market is experiencing a surge in demand for gluten-free and organic options, as consumers become more health-conscious. This trend is expected to continue, driven by increasing awareness of food allergies and dietary restrictions. As a result, industry stakeholders are investing in research and development to meet these preferences. This trend also presents opportunities for new market entrants and has the potential to shift the competitive landscape within the industry. Additionally, with the rise of e-commerce and online grocery shopping, there is a growing trend of direct-to-consumer sales for bread and cereal products, providing convenience for consumers and allowing companies to bypass traditional retail channels. Overall, these trends highlight the importance of adapting to changing consumer preferences and utilizing technology to stay competitive in the Bread & Cereal Products market in Canada.

Local special circumstances: In Canada, the Bread & Cereal Products Market is heavily influenced by the country's diverse geographical landscape, with regions such as the Prairies and Maritime provinces having different dietary preferences and consumption patterns. Furthermore, Canada's multicultural society contributes to the demand for a variety of bread and cereal products, with different ethnic groups preferring their traditional staples. This diversity also presents unique regulatory challenges, as Canada has both federal and provincial regulations for food safety and labeling, impacting market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market in Canada is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. For instance, fluctuations in commodity prices, changes in consumer spending patterns, and shifts in government regulations can significantly impact the market's performance. Moreover, the increasing health consciousness among consumers and the growing demand for healthier food options are also driving the growth of this market. Additionally, the rise in disposable income and shifting consumer preferences towards convenience and ready-to-eat foods are expected to further drive the growth of the Bread & Cereal Products Market in Canada.

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.