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 bakery products market, estimated at USD 536.4 billion in 2023, is projected to reach a revised size of USD 734.5 billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Biscuits, one of the segments analyzed in the report, is expected to register a CAGR of 5.4% and reach USD 424.9 billion by the end of the analysis period. Growth of the bread and rolls segment is estimated at a CAGR of 4% over the next seven years.

The bakery products market is driven by evolving consumer needs for health, indulgence, and convenience. Recent market snapshots and activities highlight the key trends and drivers shaping the industry. The growing preference for healthy, organic, and all-natural baked goods is fueling market growth. However, manufacturers are faced with the challenge of modifying their production processes to meet the growing demand for healthier varieties.

While competition is increasing due to the push towards trans fat-free products, organic and whole grain-based baked goods are expected to gain market penetration. The future of bakery products is bright, with significant market potential, with developed markets continuing to dominate consumption and developing countries with low per capita consumption driving growth.

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, while China is projected to grow at a CAGR of 7.3%

The bakery products market in the United States is estimated to reach USD 141.4 billion in 2023. China, the world’s second largest economy, is projected to reach a market size of USD 162.4 billion by 2030, growing at a CAGR of 7.3% over the analysis period 2023-2030.

Other notable geographic markets include Japan and Canada, which are expected to grow by 2.6% and 3.7%, respectively, from 2023 to 2030. Among Europe, Germany is projected 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

• Influencer Market Insights

• 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: reinvigorating market growth

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

• Products that don’t contain trans fats get hot

• 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 – Market Share of Major Global Competitors in 2024 (E)

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

• Latest News from the World Economy

Market trends and drivers

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

• Market shift to high-quality bread

• Growing health awareness leads to increased sales of whole grain bread

• Artisan breads well positioned to benefit from continued health exercise

• Clean label: a crucial demand determinant

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

• Weight gain slows as low-carb diets gain popularity

• 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 category

• Impulse buying and luxury consumption trends drive increased demand for sweet bakery products

• Unconventional flavors and ingredients come to life in baked goods

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

• Indulgent trends drive huge doughnut market

• Nutritious and functional bakery products are rapidly gaining popularity

• Innovation ranks high on the agenda

• Healthy Tortillas Gain Importance

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

• Increased focus on sustainability and cost-effectiveness drives 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

• Nanotechnology brings 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 innovations drive market adoption

• Select notable packaging innovations

• Favorable economic and demographic trends strengthen market outlook

• Expanding world population

• Increase in middle class population

• Increase in disposable income

• Rapid increase in urban population

Focus on carefully selected players(Total of 249 listings)

• Arituta AG (Switzerland)

• La Brea Bakery (USA)

• Associated British Foods plc (UK)

• Allied Bakeries (UK)

• George Weston Foods (Australia)

• BAB Systems (USA)

• Bahlsen GmbH & Co. KG (Germany)

• Baker’s Delight (Australia)

• Barilla Holdings Società per Azioni (Italy)

• BreadTalk Group Limited (Singapore)

• Britannia Industries Ltd. (India)

• Campbell Soup Company (USA)

• Arnott’s Biscuits Limited (Australia)

• Pepperidge Farm Company (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 Bakery USA (USA)

• Canada Bread Company Limited (Canada)

• Harry-Brot GmbH (Germany)

• Hostess Brands Inc. (USA)

• Hovis (UK)

• JAB Holding Company (Luxembourg)

• Bruegger’s Enterprises, Inc. (USA)

• Einstein Noah Restaurant Group (USA)

• Kellogg Company (USA)

• Landmannen Unibache (Denmark)

• Rieken AG (Germany)

• McDonald’s Corporation (USA)

• McKee Foods Corporation (USA)

• Mondelēz International, Inc. (USA)

• Nestlé 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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