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Latin America Bakery Products Market Size, Growth, Forecast: By Product Type: Biscuits, Bread and Rolls, Cakes and Pastries, Rusks, Others; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Independent Retailers, Special Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Latin America Bakery Products Market Outlook
The Latin America bakery products market is supported by the growth of Brazil retail confectionery market, which attained USD 8.16 billion in 2023. The market is expected to grow at a CAGR of 1.5% in the forecast period of 2024-2032.
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Increasing Preference for Ethnic Foods to Boost the Market Growth
Owing to the increasing preference for ethnic foods, differences of tastes along with texture and taste of bakery items, the health awareness, and the demand for breakfast grains and cereals, the sales of bakery products in the coming years are expected to rise in Latin America bakery product market over the coming years. In addition, food developments in the bakery products market, such as pastries, fruit pies, donuts, and croissants, are expected to boost the region's sales of bakery products. Certain factors such as the rise in out-of-home consumption, increased demand for instant and nutritious goods, rapid urbanisation, and the increase in the working population have resulted in a steady increase in bakery products in Latin America. Therefore, by introducing organic baked products, nutritious morning items, and 'free-from' brands, and maintaining customer loyalty, retailers cater to this rising demand for bakery products in Latin America. There by boosting the market growth.
Bakery Products: Market Segmentation
Baking, regarded as the oldest cooking method, is used to manufacture items such as bread, cakes, pastries, pies, cookies, and donuts for daily use. These products are prepared using different ingredients, such as rice, water, and leavening agents depending on the grain.
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By product type, the market is divided into:
- Biscuits
- Bread and Rolls
- Cakes and Pastries
- Rusks
- Others
Biscuits are further divided on the basis of type into cookies, cream biscuits, glucose biscuits, marie biscuits, milk biscuits, non-salt cracker biscuits, and salt cracker biscuits, among others. Bread and rolls, cake and pastries, and rusks are all sub-divided, on the basis of type, into artisanal bakeries, in-store bakeries, and packaged.
On the basis of distribution channel, the market is bifurcated into:
- Supermarkets and Hypermarkets
- Convenience Stores
- Independent Retailers
- Special Stores
- Online
- Others
The EMR report looks into the regional markets of the product like Brazil, Argentina, and Mexico.
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Rising Online Segment to Propel the Market Growth of Bakery Products in Latin America
Developments in bakery products is expected to boost the market growth of bakery products in Latin America. Due to the global coronavirus pandemic, the Latin America bakery product market witnessed a decline in 2020, especially in the initial period, however, owing to the government measures that ensured continued supply of sufficient, healthy and nutritious food by ensuring the daily functioning of local, regional and national wholesale markets and by providing technical and financial assistance to small and medium-sized agro-industrial farmers, the market started picking up its pace by the end of 2020. Such initiatives would further boost the demand for bakery products in Latin America over the forecast period. Also, the online retailing segment is gaining supremacy as it ensures timely and consistent supply of fresh and hygienic food staples during lockdown by keeping up with the government's social distancing guidelines to curb the spread of coronavirus.
Key Players in the Latin America Bakery Products Market
The report gives a detailed analysis of the following key players in the Latin America bakery products market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Grupo Bimbo
- Empresas Carozzi SA
- Barry Callebaut AG
- Arcor Group
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Latin America
7 Opportunities and Challenges in the Market
8 Global Bakery Products Market Overview
8.1 Key Industry Highlights
8.2 Global Bakery Products Historical Market (2018-2023)
8.3 Global Bakery Products Market Forecast (2024-2032)
8.4 Global Bakery Products Market by Country
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Bakery Products Market Analysis
9.1 Key Industry Highlights
9.2 Latin America Bakery Products Historical Market (2018-2023)
9.3 Latin America Bakery Products Market Forecast (2024-2032)
9.4 Latin America Bakery Products Market by Product Type
9.4.1 Biscuits
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.1.3 Breakup by Type
9.4.1.3.1 Cookies
9.4.1.3.2 Cream Biscuits
9.4.1.3.3 Glucose Biscuits
9.4.1.3.4 Marie Biscuits
9.4.1.3.5 Milk Biscuits
9.4.1.3.6 Non-Salt Cracker Biscuits
9.4.1.3.7 Salt Cracker Biscuits
9.4.1.3.8 Others
9.4.2 Bread and Rolls
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.2.3 Breakup by Type
9.4.2.3.1 Artisanal Bakeries
9.4.2.3.2 In-Store Bakeries
9.4.2.3.3 Packaged
9.4.3 Cakes and Pastries
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.3.3 Breakup by Type
9.4.3.3.1 Artisanal Bakeries
9.4.3.3.2 In-Store Bakeries
9.4.3.3.3 Packaged
9.4.4 Rusks
9.4.4.1 Historical Trend (2018-2023)
9.4.4.2 Forecast Trend (2024-2032)
9.4.4.3 Breakup by Type
9.4.4.3.1 Artisanal Bakeries
9.4.4.3.2 In-Store Bakeries
9.4.4.3.3 Packaged
9.4.5 Others
9.5 Latin America Bakery Products Market by Distribution Channel
9.5.1 Supermarkets and Hypermarkets
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Convenience Stores
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Independent Retailers
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.4 Special Stores
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.5 Online
9.5.5.2 Historical Trend (2018-2023)
9.5.5.3 Forecast Trend (2024-2032)
9.5.6 Others
9.6 Latin America Bakery Products Market by Country
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Mexico
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Argentina
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Mexico
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code – 1905)
13.1 Major Importing Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Exporting Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
14.1 Brazil Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.2 Argentina Historical Price Trends (2018-2023) and Forecast (2024-2032)
14.3 Mexico Historical Price Trends (2018-2023) and Forecast (2024-2032)
15 Manufacturing Process
15.1 Overview
15.2 Detailed Process Flow
15.3 Operations Involved
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Grupo Bimbo
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Empresas Carozzi SA
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Barry Callebaut AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Arcor Group
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirement and Cost Analysis
1.1 Land, Location and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Cost of Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Bakery Products Market: Key Industry Highlights, 2018 and 2032
2. Global Bakery Products Historical Market: Breakup by Region (USD Billion), 2018-2023
3. Global Bakery Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
4. Latin America Bakery Products Market: Key Industry Highlights, 2018 and 2032
5. Latin America Bakery Products Historical Market: Breakup by Products Types (USD Billion), 2018-2023
6. Latin America Bakery Products Market Forecast: Breakup by Product Types (USD Billion), 2024-2032
7. Latin America Bakery Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Latin America Bakery Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Latin America Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Latin America Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Importing Countries by Value (2020)
12. Major Exporting Countries by Value (2020)
13. Major Importing Countries by Volume (2020)
14. Major Exporting Countries by Volume (2020)
15. Brazil Historical Price Trends and Forecast (2018-2028)
16. Argentina Historical Price Trends and Forecast (2018-2028)
17. Mexico Historical Price Trends and Forecast (2018-2028)
18. Latin America Bakery Products Market Structure
Key Questions Answered in the Report
In 2023, the Latin America bakery products market witnessed growth owing to the growth of Brazil retail confectionery, which attained a value of nearly USD 8.16 billion.
The Brazil retail confectionery market is projected to grow at a CAGR of 1.5% between 2024 and 2032 thereby boosting the growth of the Latin America bakery products market.
The market is being driven owing to the factors such as difference in flavour along with texture and taste of bakery items, increasing health awareness, rising demand for breakfast grains and cereals, increased out-of-home consumption, increased desire for fast and nutritious items, rapid urbanisation, and an increase in the working population.
The key trends propelling the market’s expansion are the rising online retailing segment and increasing preference for ethnic foods.
The major regions in the market are Brazil, Argentina and Mexico.
By product type, the market is divided into biscuits, bread and rolls, cakes and pastries, and rusks, among others. Biscuits are further divided into cookies, cream biscuits, glucose biscuits, Marie biscuits, milk biscuits, non-salt cracker biscuits, and salt cracker biscuits, among others. Bread and rolls, cake and pastries, and rusks are all sub-divided into artisanal bakeries, in-store bakeries, and packaged.
The online retailing segment is the leading distribution channel in the market.
The major players in the market are Grupo Bimbo, Empresas Carozzi SA, Barry Callebaut AG, and Arcor Group, among others.
Analyst Review
The Brazil retail confectionery market attained a value of USD 8.16 billion in 2023, thereby driving the Latin America bakery products market. Aided by the rising demand for breakfast grains and cereals and increasing preference for ethnic foods, the Brazil retail confectionery market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 1.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on its product types, the Latin America bakery products market can be segmented into biscuits, bread and rolls, cakes and pastries, and rusks, among others. Biscuits are further divided into cookies, cream biscuits, glucose biscuits, marie biscuits, milk biscuits, non-salt cracker biscuits, and salt cracker biscuits, among others. Bread and rolls, cake and pastries, and rusks are all sub-divided into artisanal bakeries, in-store bakeries, and packaged. On the basis of distribution channels, the market is divided into supermarkets and hypermarkets, convenience stores, independent retailers, special stores, and online, among others, where the online retailing sector accounts for the leading share in the market. The major regional markets for bakery products are Brazil, Argentina, and Mexico. The key players in the above market include Grupo Bimbo, Empresas Carozzi SA, Barry Callebaut AG, and Arcor Group, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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