Bakery Products Market Share, Size, Trends, Growth Factors, Analysis and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The study provides a detailed analysis of the industry, including the global bakery products market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the bakery products market?

Market Size in 2022 - US$ 497.5 Billion
Market Forecast in 2028 - US$ 625.9 Billion
Growth rate (2023 to 2028) - CAGR of 3.7%
Base Year of the Analysis - 2022
Forecast Period - 2023-2028

What are Bakery products?

Bakery products include pies, pastries, bread, rolls, cookies, and muffins prepared using flour or a meal derived from grain. These products are prepared using dry heat in hot stones, ovens, or ashes. Flour, water, sugar, salt, emulsifiers, yeast, eggs, milk, flavorings, and preservatives are some of the commonly used ingredients. The choice of compositions and ingredients determine the flavor and texture of bakery products. Bakery products help supply the muscles, the brain, and the nervous system with enough energy. Currently, conventional baking processes are being replaced by modern machines to allow manufacturers to introduce innovative bakery products with different flavors, shapes, ingredients, and sizes.

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Bakery Products Market Trends:

The primary factor driving the market growth is the rising demand for convenience food products and the easy availability of the product at supermarkets, hypermarkets, convenience stores, artisanal bakeries, and online platforms. The shifting consumer preference toward baked and low-calorie ready-to-eat (RTE) food items has compelled key market players to introduce healthy product variants, such as oats-based, multi-grain, and gluten-free bread and cookies, which is providing a positive outlook for the market. Besides this, the rising influence of western cuisines and burgeoning investments in research and development (R&D) activities to launch organoleptically improved products are accelerating the market growth. Additionally, a considerable rise in the presence of artisanal patisseries and bakery shops offering different varieties of tarts, macrons, cakes, pastries, and pies and the inflating consumer per capita income are other factors providing an impetus to the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

• 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

What is included in market segmentation?

The report has segmented the market into the following categories:

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

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