Bakery Products Market Share 2022: Industry Trends, Growth, Size 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 size reached US$ 478.4 Billion in 2021. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 4.0% during 2022-2027.

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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Bakery Products Market Trends:

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. 

Bakery Products Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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

Key Market Segmentation:

The report has segmented the global bakery products market on the basis of product type, distribution channel and 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 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

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/bakery-products-market

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
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.

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