Global Bakery Products Business Analysis Report 2024-2030

bakery products market

DUBLIN, May 22, 2024 (Globe Newswire) — The Bakery Products – Global Strategic Business Report report has been added. ResearchAndMarkets.com Recruitment.

Global bakery products market expected to reach $734.5 billion by 2030

The global market for bakery products was estimated at USD 536.4 billion in 2023 and is projected to reach a revised size of USD 734.5 billion by 2030, at a CAGR of 4.6% over the analysis period 2023-2030. grow in Biscuits, one of the segments analyzed in the report, recorded a CAGR of 5.4% and is expected to reach USD 424.9 billion by the end of the analysis period. Growth in the Bread & Rolls segment is estimated at 4% CAGR over the next seven years.

The bakery products market is driven by consumers' evolving needs for health, luxury, and convenience. Recent market snapshots and activity highlight the key trends and drivers shaping the industry. Increasing preference for healthy, organic, and all-natural baked goods is fueling market growth. However, manufacturers face the challenge of changing their production processes to meet the growing demand for healthier varieties.

While the push for trans-fat free products is increasing competition, organic and whole grain based baked goods are expected to make strong inroads in the market. The future for bakery products looks bright. Developed markets will continue to dominate consumption, while developing countries will drive growth due to lower per capita consumption, indicating huge market potential.

In 2024, the market share of the world's major competitors will reflect the competitive environment, with established players and emerging brands competing for a larger market share. A combination of health trends, consumer preferences, and market opportunities suggest a robust outlook for the bakery products industry.

The US market is estimated at $141.4 billion, and China is expected to grow at a compound annual growth rate of 7.3%.

The US bakery products market is estimated to be USD 141.4 billion in 2023. China, the world's second largest economy, is expected to reach a projected market size of USD 162.4 billion by 2030, trending at a CAGR of 7.3% YoY. The analysis period is from 2023 to 2030.

Other notable geographic markets include Japan and Canada, which are expected to grow by 2.6% and 3.7%, respectively, from 2023 to 2030. In Europe, Germany is expected to grow at a CAGR of approximately 3.5%. The Asia-Pacific market is expected to reach USD 100.6 billion by 2030, led by countries such as Australia, India, and South Korea.

Key attributes:

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Market overview

• Insights into the influencer market

• Global market trajectory

• Bakery Products: Driven by Consumers' Evolving Health, Luxury, and Convenience Needs

• Market Snapshot

• Summary of trends and drivers

• Recent Market Trends

• Growing preference for healthy, organic and all-natural baked goods: fueling market growth

• Manufacturers struggle with process changes as demand for healthy variants increases

• Trans fat free products add heat

• Organic and whole grain-based baked goods aim for strong market penetration

• Bright outlook for bakery products

• Developed markets dominate consumption, while developing countries lead growth

• Declining per capita consumption opens huge market potential to developing countries

• Bakery Products – Global Main Competitors Market Share Percentage in 2024 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2024

• Latest information on the world economy

Market Trends and Drivers

• Bread: the largest product segment within the bakery products market

• Market shift to high-quality bread

• Sales of grain bread increase due to rising health awareness

• Artisan breads well positioned to benefit from continued health exercise

• Clean label: a crucial demand driver

• High-quality bread varieties drive demand in mature global bread market

• Increased popularity of low-carbohydrate diets slows volume gain

• Affordable prices stimulate demand for pastries and cakes

• Innovative functional biscuits drive demand growth for sweet & savory biscuits

• Demand for wafer biscuits increases due to increased demand for RTE Foods

• Carefully selected and reviewed popular biscuit brands

• Innovative eating and storage preferences continue to sustain demand in the breakfast cereal sector

• Impulse buying and indulgence trends drive growth in demand for sweet bakery products

• Unconventional flavors and ingredients come to life in baked goods

• Healthier, guilt-free options benefit sweet bakery products market

• Luxury trends drive the hugely popular donut market

• Nutritionally enhanced and functional bakery products are growing in popularity

• Innovation ranks high on the agenda

• Healthy tortillas become more important

• Demand for gluten-free bakery products is rapidly growing due to the increase in lifestyle-related diseases

• Increasing focus on sustainability and cost-effectiveness will drive demand for alternative raw materials

• Cocoa substitutes: a potential alternative to expensive natural cocoa

• Epidemic outbreak increases the need for egg substitutes in baked goods

• Establishing nanotechnology to bring new flavors and nutrients to bakery products

• Frozen Bakery Products: Driven by convenience that saves labor and time

• Sugar-free bakery products have huge growth potential

• Sugar substitutes prove improved penetration

• Natural additives curb demand for artificial sweeteners

• Increasing the use of honey increases the health index of bakery products

• Single-serve, resealable lightweight packaging innovation drives market adoption

• Select noteworthy packaging innovations

• Favorable economic and demographic trends strengthen market outlook

• Expanding World Population

• Increase in middle class population

• Increase in disposable income

• Rapid growth in urban population

Focus on carefully selected players(Total of 249 items posted)

• Arituta AG (Switzerland)

• La Brea Bakery (USA)

• Associated British Foods plc (UK)

• Allied Bakeries (UK)

• George Weston Foods (Australia)

• BAB Systems, Inc. (USA)

• Bahlsen GmbH & Co. KG (Germany)

• Baker's Delight (Australia)

• Barilla Holdings Società per Azioni (Italy)

• Bread Talk Group Limited (Singapore)

• Britannia Industries (India)

• Campbell Soup Company (USA)

• Arnott's Biscuits Limited (Australia)

• Pepperidge Farm (USA)

• Dunkin' Donuts (USA)

• Finsbury Food Group (UK)

• Flowers Foods (USA)

• Tasty Baking Company (USA)

• Frank Roberts & Sons Ltd. (UK)

• Goodman Fielder Pty Ltd. (Australia)

• Grupo Bimbo, SAB de CV (Mexico)

• Bimbo Bakeries USA (America)

• Canadian Bread Company Limited (Canada)

• Harry-Brot GmbH (Germany)

• Hostess Brands Inc. (USA)

• Hovis (UK)

• JAB Holding Company (Luxembourg)

• Bruggers Enterprises (USA)

• Einstein Noah Restaurant Group, Inc. (USA)

• Kellogg Company (USA)

• Landmannen Unibache (Denmark)

• Rieken AG (Germany)

• McDonald's Corporation (USA)

• McKee Foods Corporation (USA)

• Mondelēz International, Inc. (USA)

• Nestle SA (Switzerland)

• Pearl Products Ltd. (India)

• Taste street food (USA)

• Strauss Group Ltd. (Israel)

• The Great Canadian Bagel Company (Canada)

• Tyson Foods (USA)

• Warburtons (UK)

• Yamazaki Baking Co., Ltd. (Japan)

• Yildiz Holding AS (Türkiye)

• Pladis (UK)

For more information on this report, please visit https://www.researchandmarkets.com/r/g5tbpg.

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