Reports

Bakery Products Market

Global Bakery Products Market Share, Analysis, 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; Market Dynamics; Competitive Landscape; 2024-2032

Global Bakery Products Market Outlook

The global bakery products market reached a value of USD 513.17 billion in the year 2023. The bakery products industry is further expected to grow at a CAGR of 6.7% between 2024 and 2032.

 

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.

 

Bakery Products Market

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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.

 

 

Bakery Products Market by Segments

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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.

 

Bakery Products Market by Region

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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:

 

  • Mondelez International, Inc.
  • Associated British Foods Plc
  • Nestle 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 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:

  • Product 
  • Distribution Channel
  • Region
Breakup by Product Type
  • 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
Breakup by Distribution Channel
  • Convenience Stores
  • Supermarkets and Hypermarkets
  • Independent Retailers
  • Artisanal Bakeries
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Iran
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Mondelez International, Inc.
  • Associated British Foods Plc
  • Nestle S.A.
  • Britannia Industries  Limited
  • Grupo Bimbo, S.A.B. de C.V.
  • Finsbury Food Group Plc
  • Others

 

*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 (2018-2023) 
    8.3    Global Bakery Products Market Forecast (2024-2032)
    8.4    Global Bakery Products Market by Product 
        8.4.1    Biscuits
        8.4.1.1    Market Share
        8.4.1.2    Historical Trend (2018-2023)
        8.4.1.3    Forecast Trend (2024-2032)
        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 (2018-2023)
        8.4.2.3    Forecast Trend (2024-2032)
        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 (2018-2023)
        8.4.3.3    Forecast Trend (2024-2032)
        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 (2018-2023)
        8.4.4.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Supermarkets and Hypermarkets
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Independent Retailers
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Artisanal Bakeries
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Online Stores
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023)
            8.5.5.3    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
        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    Mondelez 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    Nestle 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 2032
2.    Global Bakery Products Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Bakery Products Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Bakery Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5.    Global Bakery Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6.    Global Bakery Products Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Bakery Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Bakery Products Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Bakery Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Bakery Products Market Structure

Key Questions Answered in the Report

The global bakery products market reached a value of USD 513.17 billion in 2023.

The market is projected to grow at a CAGR of nearly 6.7% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 919.39 billion by 2032.

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 513.17 billion in 2023 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 2024-2032, growing at a CAGR of 6.7%. The market is projected to reach USD 919.39 billion by 2032.   

 

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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