Bread Production in the US - Industry Market Research Report
Description
Bread Production in the US
The Bread Production industry has been challenged by a bevy of factors, chief among them stagnant per capita wheat flour consumption. Changing consumer tastes and declining sales volumes for the industry's key product segments have hampered growth for the industry, shifting its major product mix. Though bread has long been a staple of the American diet, recent health trends have caused consumers to moderate their consumption of industry goods. Moreover, a shift in consumer preferences toward premium varieties of bread has narrowed the market for conventional bread products. Over the five years to 2023, industry revenue will rise at a meek average annual rate of 0.2% to $52.9 billion, including growth of 0.3% during the current year. Since 2020, the COVID-19 pandemic has engendered rising input costs and thus pressured profit margins, despite increasing product selling prices.
Operators in this industry manufacture fresh and frozen bread and other baked goods that include cakes, muffins and croissants but exclude cookies and crackers. Retail and commercial establishments then sell these products to downstream supermarkets, convenience stores and food-service providers. Many bakeries also sell their products directly to consumers.
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.
The Bread Production industry has been challenged by a bevy of factors, chief among them stagnant per capita wheat flour consumption. Changing consumer tastes and declining sales volumes for the industry's key product segments have hampered growth for the industry, shifting its major product mix. Though bread has long been a staple of the American diet, recent health trends have caused consumers to moderate their consumption of industry goods. Moreover, a shift in consumer preferences toward premium varieties of bread has narrowed the market for conventional bread products. Over the five years to 2023, industry revenue will rise at a meek average annual rate of 0.2% to $52.9 billion, including growth of 0.3% during the current year. Since 2020, the COVID-19 pandemic has engendered rising input costs and thus pressured profit margins, despite increasing product selling prices.
Operators in this industry manufacture fresh and frozen bread and other baked goods that include cakes, muffins and croissants but exclude cookies and crackers. Retail and commercial establishments then sell these products to downstream supermarkets, convenience stores and food-service providers. Many bakeries also sell their products directly to consumers.
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.
Table of Contents
46 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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