Bakery And Confectionary Market Growth Analysis, Latest Trends And Business Opportunity 2023 To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the bakery and confectionery market report by The Business Research Company, The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. Supply for materials used in bakery and confectionary and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery and confectionery products due to the rising population during the forecast period.

The global bakery & confectionary market grew from $934.45 billion in 2022 to $993.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bakery & confectionary market is expected to grow to $1216.76 billion in 2027 at a CAGR of 5.2%.

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Major competitors in the bakery and confectionery market include Mondelez International, PepsiCo, Inc., Grupo Bimbo, S.A.B. de C.V., Kellogg Co, Bimbo Bakeries USA, Yamazaki Baking Co. Ltd., Barry Callebaut AG, The Hershey Company, Nestle S.A., Wm Morrison Supermarkets plc.

The bakery and confectionery market is segmented -
• By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla
• By Price Point: Economy, Mid-Range, Luxury
• By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

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A bakery is a place where flour-based food such as bread, cake, and others are baked. A confectionary is a place where sweet-based products such as chocolates, gum and others that are rich in sugar and carbohydrates are sold.

The Table Of Content For The Bakery and confectionery Market Include:
1. Executive Summary
2. Report Structure
3. Bakery & Confectionary Market Characteristics
4. Bakery & Confectionary Market Product Analysis
5. Bakery & Confectionary Market Supply Chain
……
22. Key Mergers And Acquisitions In The Bakery & Confectionary Market
23. Market Background: Food And Beverages Market
24. Recommendations
25. Appendix
26. Copyright And Disclaimer

The "Global Bakery And Confectionery Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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