Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global bakery products market size reached US$ 497.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 625.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
Baking, referred to as the oldest form of cooking, is used for producing everyday products like bread, cakes, pastries, pies, cookies, and donuts. These products are prepared using various ingredients like grain-based flour, water and leavening agents. They are considered fast-moving consumer goods (FMCG) and are consumed daily. Owing to their palatability, appearance and easily digestible nature, they are highly preferred for both formal and informal occasions. Nowadays, most traditional baking methods have been replaced by modern machines. This shift has enabled manufacturers to introduce innovative bakery products with different ingredients, flavors, shapes and sizes.
The improving standards of living of people around the world have led to significant changes in their lifestyles and eating habits. As a result, they now prefer low calorie, ready-to-eat food items, such as bakery products. This has further prompted the leading manufacturers to introduce bakery products containing multi-grains or whole wheat with low trans-fat content. This has escalated the demand for bakery items, especially among health-conscious consumers. Besides this, with the growing preference for bakery items and increasing internet penetration, several players in the bakery industry have launched their products on digital retail channels, making it more convenient for consumers to order online. Moreover, market players are spending substantially on research and development (R&D) activities to launch organoleptically improved products in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bakery products market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
Biscuits
Cookies
Cream Biscuits
Glucose Biscuits
Marie Biscuits
Non-Salt Cracker Biscuits
Salt Cracker Biscuits
Milk Biscuits
Others
Bread and Rolls
Artisanal Bakeries
In-Store Bakeries
Packaged
Cakes and Pastries
Artisanal Bakeries
In-Store Bakeries
Packaged
Rusks
Artisanal Bakeries
In-Store Bakeries
Packaged
Based on the product type, bread and rolls are the most popular type of bakery products.
Breakup by Distribution Channel:
Convenience Stores
Supermarkets and Hypermarkets
Independent Retailers
Artisanal Bakeries
Online Stores
Others
Amongst these, bakery products are majorly distributed through supermarkets and hypermarkets as these stores allow easier access to a wide variety of bakery items to consumers.
Regional Insights:
Asia-Pacific
Europe
North America
Middle East and Africa
Latin America
On the geographical front, Europe enjoys the leading position in the market due to the presence of a large number of local and independent bakeries, along with the shifting preference of consumers towards ready-to-eat bakery products.
Competitive Landscape:
The competitive landscape of the market has also been covered, with the detailed profiles of manufacturers. Some of the top bakery products manufacturers are:
Grupo Bimbo S.A.B de C.V.
Yamazaki Baking Co., Ltd.
JAB Holding Company
ARYZTA AG
Flowers Foods, Inc.
Rich Products Corporation
Dr. August Oetker Nahrungsmittel KG
Gruma, S.A.B. de C.V.
General Mills, Inc.
Associated British Foods (ABF) Plc
Key Questions Answered in This Report
1. What was the size of the global bakery products market in 2022?
2. What is the expected growth rate of the global bakery products market during 2023-2028?
3. What are the key factors driving the global bakery products market?
4. What has been the impact of COVID-19 on the global bakery products market?
5. What is the breakup of the global bakery products market based on the product type?
6. What is the breakup of the global bakery products market based on the distribution channel?
7. What are the key regions in the global bakery products market?
8. Who are the key players/companies in the global bakery products market?
The global bakery products market size reached US$ 497.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 625.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
Baking, referred to as the oldest form of cooking, is used for producing everyday products like bread, cakes, pastries, pies, cookies, and donuts. These products are prepared using various ingredients like grain-based flour, water and leavening agents. They are considered fast-moving consumer goods (FMCG) and are consumed daily. Owing to their palatability, appearance and easily digestible nature, they are highly preferred for both formal and informal occasions. Nowadays, most traditional baking methods have been replaced by modern machines. This shift has enabled manufacturers to introduce innovative bakery products with different ingredients, flavors, shapes and sizes.
The improving standards of living of people around the world have led to significant changes in their lifestyles and eating habits. As a result, they now prefer low calorie, ready-to-eat food items, such as bakery products. This has further prompted the leading manufacturers to introduce bakery products containing multi-grains or whole wheat with low trans-fat content. This has escalated the demand for bakery items, especially among health-conscious consumers. Besides this, with the growing preference for bakery items and increasing internet penetration, several players in the bakery industry have launched their products on digital retail channels, making it more convenient for consumers to order online. Moreover, market players are spending substantially on research and development (R&D) activities to launch organoleptically improved products in the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global bakery products market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
Biscuits
Cookies
Cream Biscuits
Glucose Biscuits
Marie Biscuits
Non-Salt Cracker Biscuits
Salt Cracker Biscuits
Milk Biscuits
Others
Bread and Rolls
Artisanal Bakeries
In-Store Bakeries
Packaged
Cakes and Pastries
Artisanal Bakeries
In-Store Bakeries
Packaged
Rusks
Artisanal Bakeries
In-Store Bakeries
Packaged
Based on the product type, bread and rolls are the most popular type of bakery products.
Breakup by Distribution Channel:
Convenience Stores
Supermarkets and Hypermarkets
Independent Retailers
Artisanal Bakeries
Online Stores
Others
Amongst these, bakery products are majorly distributed through supermarkets and hypermarkets as these stores allow easier access to a wide variety of bakery items to consumers.
Regional Insights:
Asia-Pacific
Europe
North America
Middle East and Africa
Latin America
On the geographical front, Europe enjoys the leading position in the market due to the presence of a large number of local and independent bakeries, along with the shifting preference of consumers towards ready-to-eat bakery products.
Competitive Landscape:
The competitive landscape of the market has also been covered, with the detailed profiles of manufacturers. Some of the top bakery products manufacturers are:
Grupo Bimbo S.A.B de C.V.
Yamazaki Baking Co., Ltd.
JAB Holding Company
ARYZTA AG
Flowers Foods, Inc.
Rich Products Corporation
Dr. August Oetker Nahrungsmittel KG
Gruma, S.A.B. de C.V.
General Mills, Inc.
Associated British Foods (ABF) Plc
Key Questions Answered in This Report
1. What was the size of the global bakery products market in 2022?
2. What is the expected growth rate of the global bakery products market during 2023-2028?
3. What are the key factors driving the global bakery products market?
4. What has been the impact of COVID-19 on the global bakery products market?
5. What is the breakup of the global bakery products market based on the product type?
6. What is the breakup of the global bakery products market based on the distribution channel?
7. What are the key regions in the global bakery products market?
8. Who are the key players/companies in the global bakery products market?
Table of Contents
127 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Bakery Products Industry
- 5.1 Market Overview
- 5.2 Market Trends
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Product Type
- 5.6 Market Breakup by Distribution Channel
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.10 Porter’s Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
- 5.11 Price Analysis
- 5.11.1 Key Price Indicators
- 5.11.2 Price Structure
- 5.12 Key Market Drivers and Success Factors
- 6 Performance of Key Regions
- 6.1 Asia-Pacific
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Europe
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 North America
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Middle East & Africa
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Latin America
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 7 Market by Product Type
- 7.1 Biscuits
- 7.1.1 Market Trends
- 7.1.1.1 Cookies
- 7.1.1.1.1 Market Trends
- 7.1.1.1.2 Market Forecast
- 7.1.1.2 Cream Biscuits
- 7.1.1.2.1 Market Trends
- 7.1.1.2.2 Market Forecast
- 7.1.1.3 Glucose Biscuits
- 7.1.1.3.1 Market Trends
- 7.1.1.3.2 Market Forecast
- 7.1.1.4 Marie Biscuits
- 7.1.1.4.1 Market Trends
- 7.1.1.4.2 Market Forecast
- 7.1.1.5 Non-Salt Cracker Biscuits
- 7.1.1.5.1 Market Trends
- 7.1.1.5.2 Market Forecast
- 7.1.1.6 Salt Cracker Biscuits
- 7.1.1.6.1 Market Trends
- 7.1.1.6.2 Market Forecast
- 7.1.1.7 Milk Biscuits
- 7.1.1.7.1 Market Trends
- 7.1.1.7.2 Market Forecast
- 7.1.1.8 Others
- 7.1.1.8.1 Market Trends
- 7.1.1.8.2 Market Forecast
- 7.1.2 Market Forecast
- 7.2 Bread and Rolls
- 7.2.1 Market Trends
- 7.2.1.1 Artisanal Bakeries
- 7.2.1.1.1 Market Trends
- 7.2.1.1.2 Market Forecast
- 7.2.1.2 In-Store Bakeries
- 7.2.1.2.1 Market Trends
- 7.2.1.2.2 Market Forecast
- 7.2.1.3 Packaged
- 7.2.1.3.1 Market Trends
- 7.2.1.3.2 Market Forecast
- 7.2.2 Market Forecast
- 7.3 Cakes and Pastries
- 7.3.1 Market Trends
- 7.3.1.1 Artisanal Bakeries
- 7.3.1.1.1 Market Trends
- 7.3.1.1.2 Market Forecast
- 7.3.1.2 In-Store Bakeries
- 7.3.1.2.1 Market Trends
- 7.3.1.2.2 Market Forecast
- 7.3.1.3 Packaged
- 7.3.1.3.1 Market Trends
- 7.3.1.3.2 Market Forecast
- 7.3.2 Market Forecast
- 7.4 Rusks
- 7.4.1 Market Trends
- 7.4.1.1 Artisanal Bakeries
- 7.4.1.1.1 Market Trends
- 7.4.1.1.2 Market Forecast
- 7.4.1.2 In-Store Bakeries
- 7.4.1.2.1 Market Trends
- 7.4.1.2.2 Market Forecast
- 7.4.1.3 Packaged
- 7.4.1.3.1 Market Trends
- 7.4.1.3.2 Market Forecast
- 7.4.2 Market Forecast
- 8 Market by Distribution Channel
- 8.1 Convenience Stores
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Supermarkets and Hypermarkets
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Independent Retailers
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Artisanal Bakeries
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Online Stores
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 9 Competitive Landscape
- 9.1 Market Structure
- 9.2 Key Players
- 10 Bakery Products Manufacturing Process
- 10.1 Bread
- 10.1.1 Product Overview
- 10.1.2 Detailed Process Flow
- 10.1.3 Various Types of Unit Operations Involved
- 10.1.4 Mass Balance and Raw Material Requirements
- 10.2 Biscuit
- 10.2.1 Product Overview
- 10.2.2 Detailed Process Flow
- 10.2.3 Various Types of Unit Operations Involved
- 10.2.4 Mass Balance and Raw Material Requirements
- 11 Project Details, Requirements and Costs Involved
- 11.1 Land Requirements and Expenditures
- 11.2 Construction Requirements and Expenditures
- 11.3 Plant Machinery
- 11.4 Raw Material Requirements and Expenditures
- 11.5 Packaging Requirements and Expenditures
- 11.6 Transportation Requirements and Expenditures
- 11.7 Utility Requirements and Expenditures
- 11.8 Manpower Requirements and Expenditures
- 11.9 Other Capital Investments
- 12 Loans and Financial Assistance
- 13 Project Economics
- 13.1 Capital Cost of the Project
- 13.2 Techno-Economic Parameters
- 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 13.4 Taxation and Depreciation
- 13.5 Income Projections
- 13.6 Expenditure Projections
- 13.7 Financial Analysis
- 13.8 Profit Analysis
- 14 Key Player Profiles
Pricing
Currency Rates
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