Bakery Products

Global Bakery Products Market to Reach US$734.5 Billion by 2030

The global market for Bakery Products estimated at US$559.8 Billion in the year 2024, is expected to reach US$734.5 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Biscuits, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$424.9 Billion by the end of the analysis period. Growth in the Bread & Rolls segment is estimated at 4.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$146.5 Billion While China is Forecast to Grow at 7.3% CAGR

The Bakery Products market in the U.S. is estimated at US$146.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$162.4 Billion by the year 2030 trailing a CAGR of 7.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Global Bakery Products Market - Key Trends and Drivers Summarized

Bakery products, encompassing a wide range of items such as bread, cakes, pastries, and cookies, hold a prominent place in the global food market. These products are essential components of daily diets in many cultures, offering both nutritional value and culinary enjoyment. The bakery industry has seen substantial growth and diversification, driven by consumers` evolving tastes and dietary preferences. Artisan and specialty breads, gluten-free options, and low-sugar baked goods have become increasingly popular as health-conscious consumers seek products that align with their dietary needs. Additionally, the rise of premium and gourmet bakery products has added a new dimension to the market, catering to those willing to pay a premium for high-quality, unique flavors and artisanal craftsmanship.

Technological advancements have significantly influenced the bakery sector, improving production efficiency, product consistency, and shelf life. Modern baking equipment and automated processes have enabled large-scale production while maintaining quality standards. Innovations in packaging, such as vacuum sealing and modified atmosphere packaging have extended the freshness of bakery products, reducing food waste and enhancing convenience for consumers. The rise of online shopping and e-commerce platforms has also transformed the bakery market, allowing consumers to purchase fresh and specialty baked goods with ease. Social media and digital marketing have played a crucial role in promoting new products and engaging with customers, especially for smaller bakeries and artisanal brands that leverage these platforms to build loyal customer bases.

The growth in the bakery products market is driven by several factors. Increasing health awareness among consumers has spurred demand for nutritious and functional baked goods, including whole grain, high-fiber, and protein-enriched products. The expanding middle class in emerging markets has led to higher disposable incomes, boosting the consumption of premium and convenience bakery products. Urbanization and busy lifestyles have accelerated the demand for ready-to-eat and on-the-go bakery items, further supported by the proliferation of bakery cafes and quick-service restaurants. Additionally, the trend towards personalized and customizable products has driven innovation, with bakeries offering tailored options to meet specific dietary needs and preferences. Sustainability initiatives, such as the use of organic ingredients and eco-friendly packaging, resonate with environmentally conscious consumers, fostering brand loyalty and repeat purchases. Furthermore, seasonal and limited-edition offerings generate excitement and attract new customers, while collaborations between bakeries and food delivery services expand market reach. These factors collectively contribute to the dynamic and expanding landscape of the bakery products market, ensuring its continued growth and evolution.

SCOPE OF STUDY:

The report analyzes the Bakery Products market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Biscuits, Bread & Rolls, Cakes & Pastries, Rusks)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 249 Featured) -

• Allied Bakeries
• Arnott`s Biscuits Limited
• Aryzta AG
• Associated British Foods plc
• BAB Systems, Inc.
• Bahlsen GmbH & Co. KG
• Bakers Delight
• Barilla G. & R. Fratelli SpA
• Bimbo Bakeries USA
• BreadTalk Group Limited
• Britannia Industries Ltd.
• Bruegger`s Enterprises, Inc.
• Campbell Soup Company
• Canada Bread Company Limited
• Dunkin` Donuts
• Einstein Noah Restaurant Group, Inc.
• Finsbury Food Group
• Flowers Foods, Inc.
• Frank Roberts & Sons Ltd.
• George Weston Foods Ltd.
• Goodman Fielder Pty Ltd.
• Grupo Bimbo, S.A.B. de C.V.
• Harry-Brot GmbH
• Hostess Brands Inc.
• Hovis Ltd.
• JAB Holding Company
• Kellogg Company
• La Brea Bakery
• Lantmännen Unibake
• Lieken AG
• McDonald`s Corporation
• McKee Foods Corporation
• Mondelez International
• Nestlé SA
• Parle Products Pvt. Ltd.
• Pepperidge Farm, Inc.
• Savor Street Foods
• Strauss Group Ltd.
• Tasty Baking Company
• The Great Canadian Bagel, Ltd.
• Tyson Foods, Inc.
• Warburtons, Ltd.
• Yamazaki Baking Co., Ltd.
• Yildiz Holding A.S.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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