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Revenue in the Bread & Bakery Products market amounts to US$22.12bn in 2024. The market is expected to grow annually by 5.44% (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$427.60 are generated in 2024.
In the Bread & Bakery Products market, volume is expected to amount to 13.86bn kg by 2029. The Bread & Bakery Products market is expected to show a volume growth of 4.0% in 2025.0.
The average volume per person in the Bread & Bakery Products market is expected to amount to 226.0kg 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 Bread & Cereal Products Market in South Korea is experiencing minimal growth due to factors such as changing consumer preferences, increasing health consciousness, and competition from alternative breakfast options. Despite this, the market is expected to continue growing as demand for convenient and nutritious breakfast options rises in the country.

Customer preferences: With the rise of health-consciousness in South Korea, consumers are increasingly seeking out healthier and more diverse options in the Bread & Cereal Products Market within The Food market. This has led to a surge in demand for gluten-free, organic, and whole grain products. Additionally, there is a growing preference for convenience and on-the-go options, leading to an increase in the availability of individually packaged and portion-controlled bread and cereal products. These trends are driven by the hectic lifestyles of urban consumers and their desire for a balanced and nutritious diet.

Trends in the market: In South Korea, the Bread & Cereal Products Market within The Food market is experiencing a rise in demand for healthier and more diverse options, with consumers becoming increasingly health-conscious. This trend is reflected in the launch of new products such as gluten-free bread and high-protein cereals. Additionally, there is a growing preference for convenience and on-the-go options, leading to the introduction of single-serve breakfast cereals and grab-and-go breakfast bars. These developments highlight the importance of innovation and product differentiation in the highly competitive market. Furthermore, with the increasing adoption of e-commerce and online grocery shopping, there is a shift towards digital marketing and sales strategies, providing opportunities for industry players to reach a wider audience and enhance their online presence.

Local special circumstances: In South Korea, the Bread & Cereal Products Market within The Food market is heavily influenced by the country's unique cultural and dietary preferences. Rice, the staple food in South Korea, is a major ingredient in many traditional dishes and is also used to make rice-based products such as rice cakes and porridge. This has led to a strong demand for rice-based bread and cereal products in the market. Additionally, the government's strict regulations on food labeling and safety have shaped consumer preferences and purchasing habits, driving the market towards healthier and safer options. The popularity of convenience stores and home meal replacement options also plays a significant role in shaping the market dynamics, as consumers seek convenient and affordable food options in their busy lives.

Underlying macroeconomic factors: The Bread & Cereal Products Market within The Food market in South Korea is greatly influenced by macroeconomic factors such as consumer spending power, government policies, and global economic conditions. With a strong economy and rising disposable income, South Korea has a high demand for convenient and healthy food options, leading to the growth of the Bread & Cereal Products Market. Additionally, government initiatives promoting healthy eating habits and investments in agricultural modernization have also contributed to the market's growth. However, global economic uncertainties and trade tensions may impact the market's performance in the future.

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.