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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.
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.
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:
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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.
| 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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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