What is the global market size of Bakery Products Market?

Bakery Products Market size was valued at USD 35524.47 million in 2021 and is poised to grow from USD 38913.19 million in 2022 to USD 76406.73 million by 2030, growing at a CAGR of 9.6% in the forecast period (2023-2030).

Bakery Products Market Size, Share, Growth Analysis, By Product type(Breads, cakes & pastries, cookies, and others), By Distribution channel (Supermarkets/hypermarkets, convenience stores, specialty stores, and others), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Bakery Products Market?

Global bakery products market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. ' Grupo Bimbo ', ' Yamazaki Baking Co. Ltd. ', ' Finsbury Food Group Plc ', ' Britannia Industries Limited ', ' Flowers Foods Inc. ', ' Hostess Brands LLC ', ' McKee Foods Corporation ', ' Mondelez International Inc. ', ' Nestlé S.A. ', ' PepsiCo Inc. ', ' General Mills Inc. ', ' Kellogg Company ', ' JAB Holding Company ', ' Conagra Brands Inc. ', ' Dawn Foods Products Inc. ', ' Rich Products Corporation ', ' The Hershey Company ', ' Campbell Soup Company ', ' Tyson Foods Inc. ', ' Maple Leaf Foods Inc. '

Q: Which region accounted for the largest share in Global Bakery Products Market?

Europe holds the largest revenue share in the global bakery products market, and is also expected to be the second fastest-regional market with respect to the increasing demand for bakery products including high-fiber, gluten-free, and trans-fat products. The developed markets of Western Europe are matured and saturated in terms of bakery products, and the markets of Eastern Europe commonly focus on the sales of biscuits and bread due to the high demand for convenient food products. The European market is well-established in terms of the supply chain, product array, distribution channels, and consumer preferences for bakery products. The new product development enhances the taste and preference with innovations in cakes, pastries, and cookies section, because these products hold the potential for higher sales attributing to the growth for instant and nutritious baked products.

Report ID: SQMIG25E2039 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 65 | Figures: 75

Bakery Products Market News

In September 2022, Kemin Industries, a global ingredient producer, launched new clean label bakery solutions at International Bakery Industry Exposition (IBIE) 2022.

In April 2022, the Kraft Heinz Company announced the acquisition of Companhia Hemmer Indústria e Comércio, which is also termed as ‘Hemmer’, a food company located in Santa Catarina, Brazil. This will likely enable the development of both the companies in the future.

In February 2022, the Kraft Heinz Company and TheNotCompany announced a joint venture made with the focus on sustainability in future. This acquisition will drive innovations by utilizing the strengths of both the companies.

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Bakery Products Market size was valued at USD 35524.47 million in 2019 and is poised to grow from USD 38913.19 million in 2023 to USD 76406.73 million by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).

bakery products market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. ' Grupo Bimbo ', ' Yamazaki Baking Co. Ltd. ', ' Finsbury Food Group Plc ', ' Britannia Industries Limited ', ' Flowers Foods Inc. ', ' Hostess Brands LLC ', ' McKee Foods Corporation ', ' Mondelez International Inc. ', ' Nestlé S.A. ', ' PepsiCo Inc. ', ' General Mills Inc. ', ' Kellogg Company ', ' JAB Holding Company ', ' Conagra Brands Inc. ', ' Dawn Foods Products Inc. ', ' Rich Products Corporation ', ' The Hershey Company ', ' Campbell Soup Company ', ' Tyson Foods Inc. ', ' Maple Leaf Foods Inc. '

The busy lifestyle led the bakery products to upscale the market growth as ready-to-eat products can solve the problem of cooking. The convenient foods include cookies, bread, cakes, frozen pizza, tortillas, and others which will significantly drive the sales of the bakery products.

Increasing health consciousness among consumers are supporting in creating the awareness more about the ingredients used in baking, and the benefits from the baked goods including gluten free content, and high fiber. Furthermore, sugar free content is getting more privilege worldwide in order to maintain the health. According to Ingredion’s Sugar Reduction Resource Center’s bakery perspective, 42% of consumers are more serious about the reduction in the amount of sugar.

Europe holds the largest revenue share in the bakery products market, and is also expected to be the second fastest-regional market with respect to the increasing demand for bakery products including high-fiber, gluten-free, and trans-fat products. The developed markets of Western Europe are matured and saturated in terms of bakery products, and the markets of Eastern Europe commonly focus on the sales of biscuits and bread due to the high demand for convenient food products. The European market is well-established in terms of the supply chain, product array, distribution channels, and consumer preferences for bakery products. The new product development enhances the taste and preference with innovations in cakes, pastries, and cookies section, because these products hold the potential for higher sales attributing to the growth for instant and nutritious baked products.

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Bakery Products Market Size, Share, Growth Analysis, By Product type(Breads, cakes & pastries, cookies, and others), By Distribution channel (Supermarkets/hypermarkets, convenience stores, specialty stores, and others), By Region - Industry Forecast 2024-2031

Bakery Products Market News

Bakery Products Market Report Snapshots

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What is the market size of Bakery Products Market?

Who are the key vendors in the Bakery Products Market?

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Which region accounted for the largest share in Bakery Products Market?

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