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Latin America Bread Market Size, Share, Growth, Trends: By Type: Industrialized, Artisanal; By Product Type: Flat Bread, Leavened Bread; By Distribution Channel: Supermarkets and Hypermarket, Convenience Stores/Variety Stores, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Latin America Bread Market Outlook
The Latin America bread market size was valued at USD 53.46 billion in 2023. The market is estimated to grow at a CAGR of 5.3% during 2024-2032 to reach a value of USD 85.53 billion by 2032.
Key Takeaways
- The demand for quality, additive-free, healthy artisanal bread positively influences the LATAM bread market.
- The average bread consumption in Brazil amounts to approximately 34 kilograms per person annually.
- Chile ranks second globally in annual bread consumption, with a per capita consumption of 212 pounds. According to estimates, a significant 96% of all wheat available is dedicated to the production of bread flour.
According to the Latin America bread market analysis, Latin America’s increasing population is notably impacting the demand for staple foods like bread. As more people settle in urban areas with hectic routines, the convenience and affordability of bread make it an attractive dietary choice. Moreover, bread holds cultural significance in many Latin American cuisines, further propelling its consumption. To meet this escalating demand, bakeries and manufacturers are innovating to cater to diverse tastes and dietary preferences.
The Latin America bread market growth is driven by various factors, such as the demand for leavened bread, the use of locally sourced raw materials, rising doorstep delivery services, and healthier bread varieties. Although traditional bread remains in high demand, there is a notable shift towards healthier alternatives. Consumers are demanding whole-grain and gluten-free bread varieties. Whole-grain bread offers enhanced nutritional value with higher fibre content, while gluten-free options cater to those with specific dietary requirements or sensitivities.
Loaves, baguettes, and burger buns are a type of leavened bread widely popular in the market. Loaves are versatile and can be used for various purposes, from making sandwiches to serving them as a side dish with different meals. Baguettes are often associated with artisanal and gourmet bread production, making them attractive to consumers seeking high-quality, flavourful bread. The presence of prominent international fast-food chains, including Burger King, KFC, Subway, and McDonald's has contributed to the popularity of burgers in the region, increasing the demand for burger buns.
Market Segmentation
Latin America Bread Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type:
- Industrialised
- Artisanal
Market Breakup by Product Type:
- Flat Bread
- Leavened Bread
- Loaves/ Sliced Bread
- Baguettes
- Rolls
- Burger Buns
- Ciabatta
- Others
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarket
- Convenience Stores/Variety Stores
- Speciality Stores
- Online
- Others
Market Breakup by Country:
- Brazil
- Mexico
- Argentina
- Others
Competitive Landscape
The Latin American bread market is a dynamic and highly competitive landscape, primarily attributed to the coexistence of numerous local enterprises and prominent global bread manufacturers.
- Grupo Bimbo SAB de CV
- Wickbold & Nosso Pão Indústrias Alimentícias Ltda
- Industria Panificadora EL Country Ltda
- Bread King Alimentos
- Europastry, S.A.
- Grupo Mi Pan
- Dipães Indústria de Pães Ltda
- Nobre Bread
- Rustic Pan SA de CV
- Pan Rol SA DE CV
- Pao Schwarzbrot Hummel M.R
- Others
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:
|
| Breakup by Type |
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Market 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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Bread Market Overview
8.1 Key Industry Highlights
8.2 Global Bread Historical Market (2018-2023)
8.3 Global Bread Market Forecast (2024-2032)
9 Latin America Bread Market Overview
9.1 Key Industry Highlights
9.2 Latin America Bread Historical Market (2018-2023)
9.3 Latin America Bread Market Forecast (2024-2032)
10 Latin America Bread Market by Type
10.1 Industrialized
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Artisanal
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Latin America Bread Market by Product Type
11.1 Flat Bread
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Leavened Bread
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 Loaves/Sliced Bread
11.2.3.2 Baguettes
11.2.3.3 Rolls
11.2.3.4 Burger Buns
11.2.3.5 Ciabatta
11.2.3.6 Others
12 Latin America Bread Market by Distribution Channel
12.1 Supermarkets and Hypermarket
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Convenience Stores/Variety Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Speciality Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Online
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Latin America Bread Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Argentina
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Grupo Bimbo SAB de CV
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Wickbold & Nosso Pão Indústrias Alimentícias Ltda
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Industria Panificadora EL Country Ltda
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Bread King Alimentos
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Europastry, S.A.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Grupo Mi Pan
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Dipães Indústria de Pães Ltda
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Nobre Bread
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Rustic Pan SA de CV
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pan Rol SA DE CV
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Pao Schwarzbrot Hummel M.R
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bread Market: Key Industry Highlights, 2018 and 2032
2. Latin America Bread Market: Key Industry Highlights, 2018 and 2032
3. Latin America Bread Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Latin America Bread Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Latin America Bread Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. Latin America Bread Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. Latin America Bread Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Latin America Bread Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Latin America Bread Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Latin America Bread Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Latin America Bread Market Structure
Key Questions Answered in the Report
In 2023, the bread market attained a value of USD 53.46 billion.
The market is expected to grow at a CAGR of 5.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 85.53 billion by 2032.
Bread is a go-to household staple and is an excellent source of folate, fibre, iron, and B vitamins, among others.
Latin America has a variety of breads including arepa, marraqueta, and Pan de queso, among others.
The market is being driven by the availability of a variety of bread, the presence of speciality bread stores, and the wide availability of raw materials.
The key trends aiding the market expansion include the growing shift towards healthier bread ingredients, rising demand for doorstep bread delivery, expansion of fast food channels, and the use of locally sourced ingredients.
Major countries in the market are Brazil, Mexico, Argentina, Peru, Colombia, Chile, and others.
Flat bread and leavened bread are the different product types in the market.
The major players in the market are Grupo Bimbo SAB de CV, Wickbold & Nosso Pão Indústrias Alimentícias Ltda, Industria Panificadora EL Country Ltda, Bread King Alimentos, Europastry, S.A., Grupo Mi Pan, Dipães Indústria de Pães Ltda, Nobre Bread, Rustic Pan SA de CV, Pan Rol SA DE CV, and Pao Schwarzbrot Hummel M.R, among others.
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