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Revenue in the Bread & Bakery Products market amounts to US$192.50bn in 2024. The market is expected to grow annually by 7.74% (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$133.50 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 268.10bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 4.8% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 155.7kg 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 India has been facing subdued growth due to factors such as changing consumer preferences, increasing health concerns, and competition from alternative breakfast options. However, with the rise in health awareness and convenience of online food services, the market is expected to grow steadily in the coming years.

Customer preferences: With the rise of health consciousness among consumers in India, there has been a notable shift towards healthier options in the Bread & Cereal Products Market. This has led to a surge in demand for organic and whole grain products, as well as gluten-free and low-carb options. Additionally, with the increasing influence of Western culture, there has been a growing preference for international bread and cereal varieties, such as bagels and granola, among urban consumers. These evolving dietary preferences are driven by a desire for a healthier lifestyle and a growing awareness of the impact of food on overall well-being.

Trends in the market: In India, the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier options as consumers become more health-conscious. This trend is driven by the increasing prevalence of lifestyle diseases and the government's initiatives to promote healthier eating habits. This has led to a rise in demand for whole grain and multigrain products, as well as gluten-free and organic options. Industry stakeholders are adapting to this trend by introducing new product lines and promoting the health benefits of their offerings. Additionally, e-commerce and online grocery platforms are gaining popularity as consumers seek convenience and safety during the ongoing pandemic. This trend is expected to continue in the future, with potential implications for the industry, such as increased competition and the need for product innovation and marketing strategies to cater to changing consumer preferences.

Local special circumstances: In India, the Bread & Cereal Products Market in The Food market is heavily influenced by the nation's diverse cultural and dietary preferences. The large vegetarian population has led to a high demand for grain-based products such as chapatis and rice. Additionally, the country's vast geographical reach and varying climatic conditions have resulted in a wide range of cereal and bread products being produced and consumed. Government regulations promoting food fortification and increasing health consciousness among consumers have also influenced the market dynamics.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in India is heavily influenced by macroeconomic factors such as the country's economic growth, consumer purchasing power, and government policies. As India's economy continues to grow, there is a corresponding increase in consumer spending, resulting in a rise in demand for bread and cereal products. The government's initiatives to improve food security and promote healthy eating habits also play a significant role in driving market growth. Additionally, global economic trends, such as fluctuations in commodity prices and changes in trade policies, impact the availability and cost of raw materials, ultimately affecting market performance.

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.