The bakery product manufacturing industry in Latin America is a vibrant sector that produces everything from bread and pastries to specialty snacks. Packed full of potential, it features established giants and innovative startups, each crafting unique offerings to meet consumer tastes. Recent trends highlight a surge in health-conscious products, gluten-free options, and artisanal baked goods as consumers demand freshness and quality. Moreover, sustainability is setting the tone, with many companies prioritizing eco-friendly practices. This industry is expanding as urbanization and rising incomes foster a growing market for baked products, indicating a promising trajectory ahead.


The investors shaping this bakery sector range from corporate giants to venture capital firms. Hailing from cities like Mexico City, Sao Paulo, and Guadalajara, these investors vary in size and focus, capable of allocating funds from mere thousands to millions. Founded between 1920 and 2017, their investment activities in 2024 included numerous deals, with some firms like Grupo Bimbo making significant corporate moves. As they target innovative enterprises and drive value creation, these investors are crucial for evolving the bakery market in the region.


Top 12 Bakery Product Manufacturing Investors in Latin America


1. Grupo Bimbo

  • Website: grupobimbo.com
  • Type: Corporate
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 1945
  • Headcount: 10001+
  • Number of deals in 2024: 4
  • LinkedIn: grupobimbo

Grupo Bimbo is a prominent corporate investor based in Mexico City, Mexico, founded in 1945. As a leading baked goods manufacturer, Grupo Bimbo produces a diverse array of products, including bread, pastries, and snacks, catering to consumers globally with a commitment to providing convenient and nutritious options. The company has a strong focus on sustainability and community engagement, which is reflected in its operations across numerous brands. Notably, Grupo Bimbo has made several strategic acquisitions in the bakery sector, including the acquisition of the U.S. fresh bakery business of George Weston Bakeries in 2010, which significantly boosted its sales. In 2022, it acquired St. Pierre Groupe, a UK-based premium brioche-style product baker, and in 2024, it acquired Amaritta Food SL, a gluten-free bread producer in Spain. Additionally, Grupo Bimbo has acquired Weston Foods (Canada) Inc. and Canada Bread Company, further solidifying its position in the bakery product manufacturing industry.


2. Jbs

  • Website: jbs.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 1953
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: jbs

JBS S.A. is a leading food processing company based in Sao Paulo, Brazil, specializing in the production of beef, pork, poultry, fish, and plant-based products. Founded in 1953, JBS operates globally and serves a diverse range of customers, including food retailers and restaurants, by providing high-quality meat and food products. Notably, JBS has made strategic acquisitions to expand its portfolio, including the acquisition of Massa Leve, which operates in the bakery sector, indicating its interest in bakery product manufacturing. Other significant transactions include the acquisition of Primo Smallgoods, Moy Park, and Seara Alimentos, which primarily focus on meat products. However, the acquisition of Massa Leve highlights JBS's commitment to diversifying its offerings to include bakery products, aligning with its strategy to cater to a broader market.


3. Semillero Partners LLC


Semillero Partners LLC is a venture capital firm based in San Juan, Puerto Rico, founded in 2016. The firm is dedicated to empowering entrepreneurs in the Food & Beverage, Food Tech, and Wellness industries by providing investment capital and strategic guidance to foster sustainable growth. Their mission emphasizes collaboration and creating societal value. Notable transactions include a $3 million Series A investment in Afia, a Mediterranean food company, which aims to scale its product line and expand manufacturing capabilities. They also participated in funding rounds for Better Juice, The Jackfruit Company, and PRoduce, indicating a strong interest in innovative food solutions. Their recent investment in RobinFood further highlights their active role in the food sector, making them a potential player in the bakery product manufacturing space.


4. Crescera Capital

  • Website: crescera.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2008
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: bozano-investimentos

Crescera Capital is a private equity investment firm based in Rio de Janeiro, Brazil, founded in 2008. The firm specializes in providing growth capital and strategic guidance to mid-sized companies across various sectors, including education, technology, and health. Notably, Crescera has been involved in several transactions relevant to the bakery product manufacturing context, such as their investment in Forno de Minas, which raised an undisclosed amount in a private equity round in September 2010. This investment highlights Crescera's engagement in the bakery sector. Additionally, they have invested in other food-related companies, such as Villa Germania Alimentos, further demonstrating their interest in the food industry. Crescera aims to enhance operational performance and prepare companies for market opportunities, making them a versatile investor in the food sector.


5. M. Dias Branco


M. Dias Branco is a prominent food manufacturer based in Brazil, established in 1961. The company specializes in a diverse range of products, including biscuits, pasta, and flour, catering to both consumer and business markets. M. Dias Branco emphasizes quality and sustainability in its operations. Notably, the company has made strategic acquisitions to enhance its market presence and product offerings. In 2018, they acquired Indústria de Produtos Alimentícios Piraquê S.A. for R$ 1.55 billion, aiming to strengthen their growth in Brazil's southern and southeastern regions and expand their portfolio with high value-added products, which likely includes bakery items. Additionally, in 2022, they acquired Jasmine Alimentos, a health food company, further diversifying their product range. These transactions highlight M. Dias Branco's active role in the bakery product manufacturing sector, making them a relevant investor in this industry.


6. Crp

  • Website: crp.com.br
  • Type: Corporate
  • Headquarters: Porto Alegre, Rio Grande Do Sul, Brazil
  • Founded year: 1981
  • Headcount: 11-50
  • LinkedIn: crp

CRP Companhia de Participações is an investment firm based in Porto Alegre, Rio Grande Do Sul, Brazil, specializing in private equity and venture capital since its founding in 1981. With over 35 years of experience, CRP focuses on providing capital and strategic support to small and medium-sized enterprises, as well as larger companies seeking growth. Their portfolio includes diverse sectors, with notable transactions in the food industry, such as investments in Carobhouse, which raised funds in 2015, and Grano Congelados, which raised funds in 2000. These investments highlight CRP's engagement in the food sector, particularly in companies that may intersect with bakery product manufacturing. They play a crucial role in enhancing governance and management practices within their invested companies, which can be beneficial for bakery product manufacturers looking to scale and improve operations.


7. Canary

  • Website: canary.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 23
  • LinkedIn: canary-venture-capital

Canary is a venture capital firm based in Sao Paulo, Brazil, founded in 2017. The firm specializes in early-stage investments across Latin America, providing capital, co-founding assistance, and fostering a strong community of entrepreneurs. In 2024, Canary has made 23 investments, showcasing its active role in supporting startups. Notably, they have invested in Cayena, a B2B food marketplace, which indicates their interest in the food sector. Additionally, they participated in funding rounds for companies like Mercanto and Mara, which focus on grocery products and improving supply chains. These transactions highlight Canary's commitment to enhancing the food industry, which may include bakery products, although their specific focus on this niche is not clearly defined.


8. Mandi Ventures


Mandi Ventures is a venture capital firm based in Sao Paulo, Brazil, dedicated to accelerating the adoption of disruptive technologies within the food and agriculture sectors. They specialize in early-stage startups, providing not only financial support but also advisory services to help these companies develop and commercialize innovative solutions. In 2024, Mandi Ventures participated in several notable transactions, including a seed funding round for Cultivated Biosciences, which is set to introduce yeast cream to the US and European markets, a product that is directly relevant to bakery manufacturing. They also invested in Alice Mushrooms and GrowinCo., both of which are involved in food innovation. Their previous investment in Multus Biotechnology, which raised $9.5 million, further demonstrates their commitment to advancing food technology. Mandi Ventures operates across Latin America and Europe, positioning itself as a key player in the food innovation landscape.


9. Allievo Capital

  • Website: allievocapital.com
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: allievo-capital

Allievo Capital is a private equity firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in venture capital, search funds, and growth equity, focusing on creating long-term value by investing in high-quality companies poised for disruptive change. Among their notable transactions, they invested in UltraPão, a company in the bakery product manufacturing sector, during its seed round in January 2020. This investment reflects Allievo Capital's commitment to supporting innovative businesses in various industries, including food production. Additionally, they have participated in other seed rounds, such as Syos and Hyperlocal, showcasing their diverse investment portfolio.


10. Harvard Angels do Brasil


Harvard Angels do Brasil is a not-for-profit angel investment network founded in 2012, based in Sao Paulo, Brazil. The organization is composed primarily of alumni from Harvard Business School and focuses on supporting early-stage startups through financial investments and advisory services. In 2023, they made a significant investment in Bakery Tech, raising approximately $1,079,638 in a seed round, which highlights their engagement in the bakery product manufacturing sector. Additionally, they have invested in GrowinCo. in multiple seed rounds, although this company does not appear to be directly related to bakery products. Their commitment to enhancing the innovation ecosystem in Brazil is evident through their diverse investment portfolio, including their notable involvement in the bakery industry.


11. Grupo Arancia

  • Website: arancia.com.mx
  • Type: Corporate
  • Headquarters: Guadalajara, Jalisco, Mexico
  • Founded year: 1925
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: grupo-arancia

Grupo Arancia, founded in 1925 and based in Guadalajara, Jalisco, Mexico, is a corporate investor with a focus on the food service, biotechnology, and natural extracts industries. They provide high-quality ingredients and logistics solutions to businesses in the food and beverage sector, emphasizing sustainability and innovation. Notably, Grupo Arancia has been involved in several transactions that highlight their engagement in the food industry. For instance, they participated in the Post-IPO Equity round for NextFerm, a company that specializes in fermentation technology, which is crucial for various food production processes, including baking. Additionally, their investment in GrubMarket, a food distribution platform, and Advanced BioNutrition, which focuses on nutritional ingredients, further illustrates their commitment to enhancing the food supply chain. These activities position Grupo Arancia as a potential partner for bakery product manufacturers seeking quality ingredients and innovative solutions.


12. Nutresa


Grupo Nutresa, founded in 1920 and based in Sabanalarga, Antioquia, Colombia, is a leading food manufacturer with a diverse product range that includes cookies, coffee, meats, chocolates, ice cream, and pasta. The company is committed to quality, nutrition, sustainability, and innovation in food production. Notably, Nutresa has made strategic acquisitions and investments to enhance its market presence. For instance, their acquisition of Cameron’s Coffee for $113 million in 2019 reflects their strategy to improve consumer quality of life through innovative products. Additionally, Nutresa participated in the Series B3 funding round for Jumbotail, indicating their interest in expanding their portfolio and market reach. While their primary focus is not solely on bakery products, their involvement in the cookie segment and related transactions positions them as a relevant player in the bakery product manufacturing industry.



Bakery Product Manufacturing Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
Grupo BimboMexico City, Mexico City, Mexico10001+19454
JbsSao Paulo, Sao Paulo, Brazil10001+19531
Semillero Partners LLCSan Juan, San Juan, Puerto Rico1-1020161
Crescera CapitalRio De Janeiro, Rio De Janeiro, Brazil11-5020087
M. Dias BrancoBrazil10001+19610
CrpPorto Alegre, Rio Grande Do Sul, Brazil11-5019810
CanarySao Paulo, Sao Paulo, Brazil11-50201723
Mandi VenturesSao Paulo, Sao Paulo, Brazil1-103
Allievo CapitalSao Paulo, Sao Paulo, Brazil1-1020191
Harvard Angels do BrasilSao Paulo, Sao Paulo, Brazil51-20020121
Grupo AranciaGuadalajara, Jalisco, Mexico1001-500019251
NutresaSabanalarga, Antioquia, Colombia10001+19200


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