Bakery Products Market 2022, Size, Share, Trends, Growth and Competitive Analysis

According to the latest report by IMARC Group, titled "Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global bakery products market reached a value of US$ 478.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 612.4 Billion by 2027, exhibiting at a CAGR of 4.0% during 2022-2027.

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Bakery products include a variety of baked goods that are prepared in an oven. Some of the most common grain-based baked products include cakes, bread, pies, donuts, cookies and pastries. They are generally characterized by a sweet or savory taste and fluffy texture. They are prepared using numerous ingredients, such as grain-based flour, water, salt, sugar, flavoring agents and leavening agents. They are easy to consume and convenient to store for an extended period of time. As a result, they are widely gaining prominence among consumers across the globe.

Bakery Products Market Trends and Drivers:

The market is primarily driven by the escalating sales of convenience foods across the globe. With the inflating disposable income levels of the masses and their shifting dietary preferences, there has been a significant rise in the demand for processed and packaged baked foods, which is providing a thrust to the market growth. Moreover, there has been a growing preference towards the adoption of clean label and organic baked goods among consumers. Coupled with the easy availability of vegan and fortified bakery products across numerous online and offline organized retail channels, this is creating a positive outlook for the market. This is further supported by the growing health consciousness among the masses who are incorporating foods with low trans-fat content in their regular diets. Apart from this, the increasing deployment of robotics technology with the bakery processing equipment and significant growth in the food and beverages sector across the globe are also contributing to the market growth.

Key Market Segmentation:

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 Bakeries
In-Store Bakeries
Packaged

Cakes and Pastries:
Artisanal Bakeries
In-Store Bakeries
Packaged

Rusks:
Artisanal Bakeries
In-Store Bakeries
Packaged

Breakup by Distribution Channel:                                               

Convenience Stores
Supermarkets and Hypermarkets
Independent Retailers
Artisanal Bakeries
Online Stores
Others

Regional Insights:

Asia-Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape With Key Players:

The competitive landscape of the market has also been covered, with the detailed profiles of manufacturers. Some of the top bakery products manufacturers are:

Grupo Bimbo S.A.B de C.V.
Yamazaki Baking Co., Ltd.
JAB Holding Company
ARYZTA AG
Flowers Foods, Inc.
Rich Products Corporation
Dr. August Oetker Nahrungsmittel KG
Gruma, S.A.B. de C.V.
General Mills, Inc.
Associated British Foods (ABF) Plc

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=750&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.