Top 6 Companies Dominating the Global Bakery Products Market Landscape

The global bakery products market reached a value of about USD 513.17 billion in 2023. The market is projected to grow at a CAGR of 6.7% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by the inflating disposable income of consumers in developing countries.

Bakery products, crafted through the art of baking in ovens, on stones, or amidst hot ashes, boast a diverse range including bread, cookies, cakes, and more. These staples, integral to global culinary traditions, have evolved significantly with technological advancements. From traditional methods to modern techniques, bakeries specialise in producing and selling these delectable treats. Comprising flour, sugar, eggs, and various ingredients, bakery delights like pastries, muffins, and croissants transcend cultural boundaries, captivating taste buds worldwide with their irresistible flavours and enduring appeal.

In today's fast-paced world, characterised by rapid urbanisation, consumers are increasingly drawn to convenient, ready-to-eat options, including bakery products. Health consciousness is on the rise, with a preference for gluten-free, low-carb, and high-fibre offerings gaining traction. Moreover, the proliferation of online bakery platforms has greatly contributed to bakery products market growth, providing consumers with easy access to a wide array of products tailored to their dietary preferences and lifestyle needs.

Rising disposable incomes and evolving lifestyles in emerging economies are fuelling the growth of the global bakery products market. China, in particular, stands out with its significant contribution to the food and beverage sector, propelled by a surge in demand for baked goods, especially in Tier 1 cities. This trend reflects a preference for Western cuisines among consumers, underscoring the accelerated bakery products market expansion.

In January 2023, Mondelez India unveiled Cadbury Chocobakes Choco Chip Cookies, a blend of chocolate chips and cookies, marking the third addition to the Cadbury Chocobakes line alongside Layered Cakes and Choco Filled Cookies, launched in 2020. The bite-sized choco chips in the new cookies reflected Mondelez's commitment to its global strategy, Vision 2030, aiming to derive 90% of revenue from chocolate and biscuits. Since entering India's biscuit market in 2011 with Oreo, Mondelez India reported a turnover of Rs 9,296 crore in 2021–22.

Top 6 Bakery Products Companies in the World:

Mondelez International, Inc.

Mondelez International, Inc. (NASDAQ: MDLZ), headquartered in Illinois, is a leading American multinational in confectionery, food, and beverages. With a workforce of around 80,000 across 150 countries, the company offers globally recognised brands like Oreo, Cadbury Dairy Milk, and Ritz. Boasting net revenues of approximately USD 31.5 billion in 2022, the company dominates the biscuit market and hold a strong position in chocolate. Operating in over 80 countries, the diverse team of 91,000 drives innovation and excellence across the production, R&D, and distribution sectors globally.

Associated British Foods plc

Associated British Foods, a diversified conglomerate, encompasses various food and ingredient businesses alongside the renowned retail brand Primark. Committed to providing safe, nutritious, and affordable food and clothing, the company focuses on long-term value creation for stakeholders. With a presence in 53 countries and over 132,000 employees, Associated British Foods strives for sustainable leadership in key markets, offering quality products and services globally. Generating £17 billion in sales, the company aims for profitable growth and operates across Europe, southern Africa, the Americas, Asia, and Australia.

Nestle S.A

Nestle, the world's largest food and beverage company, is dedicated to unlocking the power of food to improve the quality of life for everyone. With a history dating back to 1866, Nestle serves with passion and excellence, providing products and services for all life stages. Rooted in values of respect, diversity, and a commitment to the future, Nestle's global presence spans almost every country. Headquartered in Vevey, Switzerland, the company reported sales of CHF 84.3 billion in 2020, offering a comprehensive portfolio across various food and beverage categories.

Britannia Industries Limited

Established in 1892 in Kolkata, Britannia stands as a leading food products company in India, operating in bakery, dairy, and snacking sectors across 80 countries. Celebrating its centenary in 2018, it has emerged as a market leader in biscuits, expanding into new categories and products, aiming to become a global total foods company. Recognised as one of India's top employers and a trusted food brand, Britannia fosters a culture of warmth, professionalism, and empowerment, guided by its core values and commitment to social responsibility.

Grupo Bimbo, S.A.B. de C.V.

Grupo Bimbo, the world's largest bakery, employs over 148,000 associates across 34 countries, focusing on sustainable practices for global economic development. Committed to community well-being, it invests in technology and innovation to minimise environmental impact. The company's diverse product range includes box bread, pastries, cupcakes, cookies, and more, catering to varied tastes worldwide. Striving to be good neighbours, Grupo Bimbo aims to enhance lifestyles wherever it operates, emphasising sustainability and social responsibility as core values.

Finsbury Food Group Plc

Finsbury Food Group, a leading speciality bakery manufacturer, prioritises baking excellence and lasting partnerships with major retailers and foodservice providers. Their diverse product range includes cakes, bread, and bakery snacks, serving UK supermarkets, high-street restaurants, and leading brands like Disney and Thornton’s. Operating across 8 bakery businesses in the UK, their bread division offers a variety of fresh and frozen products, while their cake division produces premium offerings like sponge cakes and celebration cakes. With locations across the UK, Finsbury Food Group continues to elevate baking standards and delight customers nationwide.