Global Bakery Products Market

Bakery Products Market Size, Share, Growth Analysis, By Product (Bread & Rolls, Cakes & Pastries), By Product Range (Specialty, Conventional), By Form (Frozen, Fresh), By Distribution Channel (Hypermarkets & Supermarkets, Online), By Region -Industry Forecast 2025-2032.

Report ID: SQMIG25E2039 | Region: Global | Published Date: December, 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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Global Bakery Products Market size was valued at USD 482.30 billion in 2022 and is poised to grow from USD 509.31 billion in 2023 to USD 787.58 billion by 2031, growing at a CAGR of 5.60% during the forecast period (2024-2031).

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 S.A.B. de C.V.', 'Britannia Industries', 'Nestle S.A.', 'General Mills, Inc.', 'Campbell Soup Company', 'Associated British Foods plc', 'ITC Limited', 'Finsbury Food Group Limited', 'Grupo Bimbo S.A.B. de C.V.', 'Mondelez International', 'Flowers Foods', 'Alpha Baking Company Inc.', 'Campbell Soup Company', 'Barry Callebaut Group', 'McKee Foods Corporation', 'Yamazaki Baking Co., Ltd.', 'Aryzta AG', 'The Kellogg Company', 'Flowers Foods, Inc.', 'Dunkin' Donuts LLC'

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 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.

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Global Bakery Products Market

Report ID: SQMIG25E2039

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