Australia Bakery Products Market Growth Analysis - Forecast Trends and Outlook (2024-2032)

Australia Bakery Products Market Size

The Australia bakery products market size was valued at USD 8.1 billion in 2023. The market is further projected to grow at a CAGR of 2.7% between 2024 and 2032, reaching a value of USD 10.3 billion by 2032.

Key Takeaways

• Consumers are increasingly seeking bread and cake options that are high in protein and fibre, low in sugar and additives, and nutrient dense. This has led to a surge in demand for sourdough and multigrain breads.

• As more people adopt alternative diets, vegan desserts and other bakery products are gaining popularity. These cater to consumers who prefer plant-based and cruelty-free options.

• Notable companies in the Australian bakery industry include Goodman Fielder Pty Ltd, Future Bake Australia Pty Ltd., ITAL Food Group, and Australian Food Industries Pty Ltd.

There is a rising demand for healthy, instant, and nutritious baked products in Australia, leading to innovations in gluten-free, organic, whole-grain, and additive-free bakery items. This trend is driving the market towards healthier options to cater to consumer preferences. For instance, Future Bake Australia Pty Ltd. Offers ‘Assorted Pack of Gluten-Free Cookies’ and ‘Peanut Butter Plant-Based Cookies.’

The bakery products market in Australia is experiencing innovations in frozen bakery products like pastries, fruit pies, and semi-baked goods packed in sharing packages. Brands are incorporating niche and novel ingredients to enhance nutritional value and appeal to consumers seeking unique flavours and textures.

The thriving e-commerce sector is diversifying product sales by offering a wide range of bakery products, such as cookies and biscuits with unique flavours and aromas. The rapid expansion of online channels is contributing to the accessibility and availability of bakery items to a broader consumer base.

Bakeries are focusing on sustainability by adopting environment-friendly packaging and increasing the shelf life of baked products. Moreover, there is a growing emphasis on convenient packaging for easy transportation and consumption, aligning with consumer preferences for on-the-go options.

There are various distribution channels through which bakery products reach consumers in Australia. Supermarkets and hypermarkets, such as Woolworths and Coles are traditional retail channels in the country, and they play a significant role in distributing a wide range of bakery products to consumers across Australia. Convenience stores have captured a substantial Australia bakery products market share as they offer quick access to bakery items for consumers looking for on-the-go snacks or quick meal solutions. The growth of e-commerce has opened new avenues for purchasing bakery products, providing convenience and accessibility to a broader customer base.

Market Segmentation

Australia Bakery Products Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Biscuits

• Bread and Rolls

• Cakes and Pastries

• Rusks

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online Channels

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Western Australia

• Australian Capital Territory

• Others

Competitive Landscape

Market players are focused on introducing premium quality of bakery products to expand their customer base.

• Goodman Fielder Pty Ltd.

• Future Bake Australia Pty Ltd.

• ITAL Food Group

• Australian Food Industries Pty Ltd.

• Urbun Bakery 

• Others

Key Highlights of the Report