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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.
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.
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
Market Breakup by Distribution Channel
Market Breakup by Region
Market players are focused on introducing premium quality of bakery products to expand their customer base.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Bakery Products Market Overview
8.1 Key Industry Highlights
8.2 Australia Bakery Products Historical Market (2018-2023)
8.3 Australia Bakery Products Market Forecast (2024-2032)
9 Australia Bakery Products Market by Product Type
9.1 Biscuits
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Bread and Rolls
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Cakes and Pastries
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Rusks
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
10 Australia Bakery Products Market by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Convenience Stores
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Online Channels
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Australia Bakery Products Market by Region
11.1 New South Wales
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Victoria
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Queensland
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australian Capital Territory
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Western Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Goodman Fielder Pty Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Future Bake Australia Pty Ltd.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 ITAL Food Group
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Australian Food Industries Pty Ltd.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Urbun Bakery
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Bakery Products Market: Key Industry Highlights, 2018 and 2032
2. Australia Bakery Products Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Australia Bakery Products Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Australia Bakery Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Australia Bakery Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Australia Bakery Products Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Australia Bakery Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. Australia Bakery Products Market Structure
In 2023, the market reached an approximate value of USD 8.1 billion.
The market is expected to grow at a CAGR of 2.7% between 2024 and 2032.
The bakery products market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.3 billion by 2032.
The market is being driven due to advancements in refrigerant technologies to preserve items for a longer period, rising number of people having sweet tooth and increasing availability of gluten-free desserts in the country.
Key trends aiding the market expansion are introduction of sugar-free bakery items and focus on eco-friendly packaging of bakery products to enhance their shelf life.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, online channels, others.
Biscuits, bread and rolls, cakes and pastries, and rusks are considered in the report.
Key players in the market are Goodman Fielder Pty Ltd., Future Bake Australia Pty Ltd., ITAL Food Group, Australian Food Industries Pty Ltd., and Urbun Bakery, among others.
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