Bakery Market

Global Bakery Market

  • Report ID: FB-3962
  • Author: Growth Market Reports
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  • Total Reviews: 62
  • No. Of Pages: 176
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The global bakery market is projected to expand at a robust CAGR during the forecast period, between 2021 and 2028. Bakery items are made from flour or meal obtained from grains and come in a variety of flavors. Bakery items are made by cooking on hot stones, in an oven, or on hot ashes in the presence of dry heat. Bread, rolls, cookies, biscuits, cakes, tarts, cupcakes, sweet rolls, pies, coffeecakes, doughnuts, and refrigerated bakery products are among the bakery products available. A standard bread is an everyday staple and a source of essential nutrients that have been produced either commercially or domestically since ancient times. Biscuits are another popular bakery product. With the development of technology, baking procedures have experienced a major transition, with modern ways supplanting ancient baking methods.

Bakery Market by key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising investment in technological advancement and growing urbanization are expected to drive overall growth.
  • Increasing demand for convenient food products and rising fitness-related issues are key factors increasing demand for healthy baked food products.
  • Growing retail channels, improved features of frozen baked items, and new product launches such as low-calorie baked goods as well as changes in nutritional patterns are projected to drive market growth in the coming years.
  • Increasing issue of replacing baked goods with cereals such as oats along with strict regulations and the application of international quality standards are major restraining factors of the market.
  • Decreased production costs and increased product shelf life are main factors expected to create profitable opportunities for the market.

Scope of the report:

The report on the global bakery market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Bakery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Product Types (Bread & Rolls [Artisanal, Packaged, and In-stores], Biscuits [Cookies, Milk Biscuits, Cream Biscuits, Salt Cracker Biscuits, Glucose Biscuits, Non-salt Cracker Biscuits, Marie Biscuits, and Others] Cakes & Pastries [Artisanal, Packaged, and In-stores], and Rusks), Form of Consumptions (Ready-to-bake, Ready-to-eat, and Ready-to-proof), Distribution Channels (Conventional Stores [Grocery Stores, Mass Merchandisers, and Online Retailers], Specialty Stores [Artisan Bakers, In-store Bakeries, and Bakery Stores], and Food Services [Institutional Food Service & Catering and HORECA])

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

Finsbury Food Group Plc; Bakers Delight Holdings Limited; Britannia Industries Ltd; Mondelez International; Flowers Foods; George Weston Foods Limited; General Mills Inc.; Grupo Bimbo; Pladis Ltd; and Bridgford Foods Corporation

 

Bakery Market Segment Insights:

Bread & rolls segment is projected to hold significant market share

Based on product types, the bakery market is fragmented into bread & rolls, biscuits, cakes & pastries, and rusks. The bread & rolls segment is further classified as artisanal, packaged, and in-stores. Furthermore, the biscuits segment is sub-segmented into cookies, milk biscuits, cream biscuits, salt cracker biscuits, glucose biscuits, non-salt cracker biscuits, marie biscuits, and others. The cakes & pastries segment is further categorized into artisanal, packaged, and in-stores. The bread & rolls segment is projected to hold significant market share. Bread is a staple meal, therefore demand in markets is likely to remain stable over the forecast period, while it is expected to rise in developing nations where the number of people is rapidly growing. On the other hand, the cakes & pastries segment is expected to grow at a rapid growth during the forecast period due to the advent of novel flavors and customers' rising preference for indulgence foods.

Ready-to-bake segment is anticipated to account for a substantial share

On the basis of form of consumptions, the market is segregated into ready-to-bake, ready-to-eat, and ready-to-proof. The ready-to-bake segment is anticipated to account for a substantial share due to the growing demands for pre-baked products that require less time to bake and providing the option of manufacturing fresh bakery products. The advancement of freezing technology provides the most well-known preservation methods for the bakery business by extending product shelf life. The use of low-temperature freezing technology has increased the economic potential of bakery products while also creating a new market for bakery items.

Bakery Market by form of consumption

Conventional stores segment to expand at a robust growth rate

In terms of distribution channels, the bakery market is divided into conventional stores, specialty stores, and food services. The conventional stores segment is further categorized as grocery stores, mass merchandisers, and online retailers. Additionally, the specialty stores is sub-segmented into artisan bakers, in-store bakeries, and bakery stores. The food services segment is bifurcated into institutional food service & catering and HORECA. The conventional stores segment is expected to expand at a robust growth rate during the forecast period. Conventional stores have the ability to be a significant distribution channel for frozen bakery items. Among these stores, niche retailers have recognized the chance to develop an effective retail chain. Previously, these retailers mainly sell their product lines through exclusive stores in desirable locations. These stores, on the other hand, are now aware of the rapid changes in consumer demand for healthier food goods.

Europe is expected to dominate the market

In terms of regions, the market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is expected to dominate the market. In terms of the supply chain, distribution channels, product assortment, and consumer preferences, the European bread products market is well-established. Innovations and new product creation are becoming more common in indulgence categories such as pastries, cakes, and cookies. Gluten-free, ancient grain, whole grain, and additive-free items are becoming increasingly popular in Europe's traditional breakfast foods. Owing to the growing need for fast and nutritious baked goods, such items have the potential for increased sales. Moreover, the increasing need for convenient food goods and rising sales of bread and biscuits in particular present another key drivers of the Eastern Europe market growth.

Bakery Market by regions

Segments

Segments Covered in the Report:

By Products Types

  • Bread & Rolls
    • Artisanal
    • Packaged
    • In-stores
  • Biscuits
    • Cookies
    • Milk Biscuits
    • Cream Biscuits
    • Salt Cracker Biscuits
    • Glucose Biscuits
    • Non-salt Cracker Biscuits
    • Marie Biscuits
    • Others
  • Cakes & Pastries
    • Artisanal
    • Packaged
    • In-stores
  • Rusks
By Form of Consumptions
  • Ready-to-bake
  • Ready-to-eat
  • Ready-to-proof
By Distribution Channels
  • Conventional Stores
    • Grocery Stores
    • Mass Merchandisers
    • Online Retailers
  • Specialty Stores
    • Artisan Bakers
    • In-store Bakeries
    • Bakery Stores
  • Food Services
    • Institutional Food Service & Catering
    • HORECA
By Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
By Key Players
  • Finsbury Food Group Plc
  • Bakers Delight Holdings Limited
  • Britannia Industries Ltd
  • Mondelez International
  • Flowers Foods
  • George Weston Foods Limited
  • General Mills Inc.
  • Grupo Bimbo
  • Pladis Ltd
  • Bridgford Foods Corporation

Competitive Landscape

Key players in the global bakery market are Finsbury Food Group Plc; Bakers Delight Holdings Limited; Britannia Industries Ltd; Mondelez International; Flowers Foods; George Weston Foods Limited; General Mills Inc.; Grupo Bimbo; Pladis Ltd; and Bridgford Foods Corporation. These players are actively engaged in various business development strategies such as collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Bakery Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bakery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bakery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bakery Market - Supply Chain
  4.5. Global Bakery Market Forecast
     4.5.1. Bakery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bakery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bakery Market Absolute $ Opportunity
5. Global Bakery Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Bakery Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Bakery Demand Share Forecast, 2019-2026
6. North America Bakery Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Bakery Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Bakery Demand Share Forecast, 2019-2026
7. Latin America Bakery Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Bakery Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Bakery Demand Share Forecast, 2019-2026
8. Europe Bakery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Bakery Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Bakery Demand Share Forecast, 2019-2026
9. Asia Pacific Bakery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Bakery Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Bakery Demand Share Forecast, 2019-2026
10. Middle East & Africa Bakery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Bakery Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Bakery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Bakery Market: Market Share Analysis
  11.2. Bakery Distributors and Customers
  11.3. Bakery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Finsbury Food Group Plc
     11.4.2. Bakers Delight Holdings Limited
     11.4.3. Britannia Industries Ltd
     11.4.4. Mondelez International
     11.4.5. Flowers Foods
     11.4.6. George Weston Foods Limited
     11.4.7. General Mills Inc.

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