The Bakery Cafes industry has expanded considerably over the five years to 2019. Consumers have been drawn to the health-conscious and customizable options emerging on operators' menus; as a result, industry growth has outpaced others in the food service sector. Industry performance has been supported by growing per capita disposable income and increased coffee consumption. However, franchise operations have produced a threat for many small, independent bakery cafes that have traditionally serviced local markets. Over the five years to 2024, as consolidation persists, larger operators will have access to greater resources, enabling them to further their franchise operations. Smaller operators, unable to compete with the geographic reach and marketing capital of major chains, will be forced to specialize.
This industry comprises companies that produce food that is flour-based in an on-site oven for immediate consumption. Typical products include bread, cakes, pastries, pies and bagels, as well as complementary products, such as sandwiches, soups and salads. Purchases may be consumed on-site or taken to go.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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