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Global Bakery Products Market Share, Size, Forecast: By Product: Biscuits, Bread and Rolls, Cakes and Pastries, Rusks, Others; By Distribution Channel: Convenience Stores, Supermarkets and Hypermarkets, Independent Retailers, Artisanal Bakeries, Online Stores, Others; Regional Analysis; SWOT Analysis; Competitive Landscape; 2023-2028
Global Bakery Products Market Outlook
The global bakery products market reached a value of USD 480.95 billion in the year 2022. The bakery products industry is further expected to grow at a CAGR of 6.7% between 2023 and 2028.
Europe currently represents the largest bakery products market. Within Europe, Germany, Italy, and France hold significant positions in the bakery products market. There are a large number of bakeries operating in Europe to meet the domestic demand, with countries such as Bulgaria, Netherlands, and the UK having the highest market share.
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Market Segmentation
Bakery products are prepared by cooking in the presence of dry heat in an oven, on hot stones, or hot ashes. The bakery products have an extensive portfolio, including bread, cookies, rolls, cakes, biscuits, cupcakes, tarts, pies, sweet rolls, doughnuts, coffeecakes, and refrigerated bakery products. A typical bread is an everyday staple and a source of vital nutrients, made domestically or commercially since prehistoric times. Biscuit is also a popular category of bakery products. Baking methods have undergone a massive transformation with the advent of technology, with modern methods taking over the traditional baking methods.
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On the basis of product, the bakery product market is segmented into:
- Biscuits
- Cookies
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Non-Salt Cracker Biscuits
- Salt Cracker Biscuits
- Milk Biscuits
- Others
- Bread and Rolls
- Artisanal
- In-Store Bakeries
- Packaged
- Cakes and Pastries
- Artisanal
- In-Store Bakeries
- Packaged
- Rusks
On the basis of distribution channel, the market is divided into:
- Supermarkets and Hypermarkets
- Artisanal Bakeries
- Convenience Stores
- Independent Retailers
- Online Stores
- Others
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global bakery products market is driven by inflating disposable income of consumers in emerging nations, with higher standards of living and shifting lifestyles. The bakery market represents significant share of China's food and beverage market, which is being driven by the increasing demand from Tier 1 cities where customers are inclined towards western cuisines, including baked goods, thus accelerating the bakery products market growth.
The market is also being aided by new product launches to cater to consumer demands. The rising consumption of processed products and the shift towards convenient food and beverage products are aiding the market growth. The rising demand for frozen bakery products owing to their convenience and prolonged shelf life is further supporting the market. Consumers are also experimenting with new tastes, products, and flavours, leading to increased preference for low-calorie bakery products, among other innovations.
Hectic lifestyles and rapid urbanisation have made consumers more inclined towards convenient and ready-to-eat products, including baked goods. Consumers are becoming more conscious about including healthier foods to their diets, which are ideally, gluten-free, low in carbs, and have high fibre content. Furthermore, the expansion of online bakery platforms has provided a significant boost to the growth of the market.
Over the forecast period, the demand for diversified products such as organic and gluten-free products is expected to surge owing to evolving consumer preferences, encouraging manufacturers to develop innovative bakery products, thus aiding the market.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global bakery products markets, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mondelēz International, Inc.
- Associated British Foods Plc
- Nestlé S.A.
- Britannia Industries Limited
- Grupo Bimbo, S.A.B. de C.V.
- Finsbury Food Group Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Bakery Products Market Analysis
8.1 Key Industry Highlights
8.2 Global Bakery Products Historical Market (2018-2022)
8.3 Global Bakery Products Market Forecast (2023-2028)
8.4 Global Bakery Products Market by Product
8.4.1 Biscuits
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.1.4 Breakup by Type
8.4.1.4.1 Cookies
8.4.1.4.2 Cream Biscuits
8.4.1.4.3 Glucose Biscuits
8.4.1.4.4 Marie Biscuits
8.4.1.4.5 Non-Salt Cracker Biscuits
8.4.1.4.6 Salt Cracker Biscuits
8.4.1.4.7 Milk Biscuits
8.4.1.4.8 Others
8.4.2 Bread and Rolls
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.2.4 Breakup by Type
8.4.2.4.1 Artisanal Bakeries
8.4.2.4.2 In-Store Bakeries
8.4.2.4.3 Packaged
8.4.3 Cakes and Pastries
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.3.4 Breakup by Type
8.4.3.4.1 Artisanal Bakeries
8.4.3.4.2 In-Store Bakeries
8.4.3.4.3 Packaged
8.4.4 Rusks
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Bakery Products Market by Distribution Channel
8.5.1 Convenience Stores
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Supermarkets and Hypermarkets
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Independent Retailers
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Artisanal Bakeries
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Online Stores
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Bakery Products Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Iran
9.5.3.6 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Bread
12.1.1 Detailed Process Flow
12.1.2 Operations Involved
12.1.3 Mass Balance
12.2 Biscuits
12.2.1 Detailed Process Flow
12.2.2 Operations Involved
12.2.3 Mass Balance
13 Project Details, Requirements, and Costs Involved
13.1 Land Requirements and Expenditure
13.2 Construction Requirements and Expenditure
13.3 Plant Machinery
13.4 Raw Material Requirements and Expenditure
13.5 Packaging Requirements and Expenditure
13.6 Transportation Requirements and Expenditure
13.7 Utilities Requirements and Expenditure
13.8 Manpower Requirements and Expenditure
13.9 Other Capital Investment
14 Loans and Financial Assistance
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margin Across the Various Levels of the Supply Chain
15.4 Income Projections
15.5 Expenditure Projections
15.6 Taxation and Depreciation
15.7 Financial Analysis
15.8 Profit Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players’ Market Share
16.3 Company Profiles
16.3.1 Mondelēz International, Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Financial Summary
16.3.1.5 Certifications
16.3.2 Associated British Foods Plc
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Financial Summary
16.3.2.5 Certifications
16.3.3 Nestlé S.A.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Financial Summary
16.3.3.5 Certifications
16.3.4 Britannia Industries Limited
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Financial Summary
16.3.4.5 Certifications
16.3.5 Grupo Bimbo, S.A.B. de C.V.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Financial Summary
16.3.5.5 Certifications
16.3.6 Finsbury Food Group Plc
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Financial Summary
16.3.6.5 Certifications
16.3.7 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Bakery Products Market: Key Industry Highlights, 2018 and 2028
2. Global Bakery Products Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Bakery Products Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Bakery Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Bakery Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Bakery Products Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Bakery Products Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Bakery Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Bakery Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Bakery Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Bakery Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Bakery Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Global Bakery Products Market Structure
Key Questions Answered in the Report
The global bakery products market reached a value of USD 480.95 billion in 2022.
The market is projected to grow at a CAGR of nearly 6.7% in the forecast period of 2023-2028.
The market is estimated to reach a value of about USD 709.32 billion by 2028.
The major drivers of the market include rising disposable incomes, increasing population, new product launches, higher standards of living and shifting lifestyles due to cultural changes, increasing consumption of processed products, the rising demand for low-calorie bakery products, hectic lifestyles, rapid urbanisation, the rise of online bakery platforms, and the rising demand for diversified products like organic and gluten-free products.
The rising product diversification and rapid innovations are expected to be the key trends in the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.
The bread and rolls segment is the dominant product in the market.
The major distribution channels in the market include supermarkets and hypermarkets, artisanal bakeries, convenience stores, independent retailers, and online stores, among others.
The leading players in the market are Mondelez International, Inc., Associated British Foods Plc, Nestle S.A., Britannia Industries Limited, Grupo Bimbo, S.A.B. de C.V., and Finsbury Food Group Plc, among others.
Analyst Review
The global bakery products market attained a value of USD 480.95 billion in 2022 driven by the rise in new product launches. Aided by the increasing demand for low-calorie bakery products, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.7%. The market is projected to reach USD 709.32 billion by 2028.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product, the market can be segmented into biscuits, bread and rolls, cakes and pastries, and rusks, with bread and rolls accounting for the largest market share. On the basis of distribution channel, the market can be segmented into supermarkets and hypermarkets, artisanal bakeries, convenience stores, independent retailers, and online stores, among others. The major regional markets for bakery products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above market include Mondelēz International, Inc., Associated British Foods Plc, Nestlé S.A., Britannia Industries Limited, Grupo Bimbo, S.A.B. de C.V., Finsbury Food Group Plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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