Press release
Bakery Products Market: The global market is expected to grow at a CAGR of 4.9% during the forecasted period.
As per the study initiated by Evolve Business Intelligence, the global Bakery Products Market size accounted for USD 234.5 billion in 2022, growing at a CAGR of 4.9% from 2023 to 2033. The global bakery products market, valued at approximately USD 242 billion in 2020, is projected to grow at a CAGR of 3.7% to 6.3% during the forecast period 2021-2033, reaching a value of USD 320.5 billion to USD 710 billion by 2030. The market encompasses a wide range of products, including bread and rolls, cakes and pastries, cookies, and others. It is driven by evolving consumer preferences, innovation in product offerings, and expanding distribution channels. The industry is characterized by the influence of global culinary trends, health-conscious choices, and the growing reach of e-commerce, which collectively fuel its growth and promise a positive outlook. The market is highly fragmented, with key players making substantial investments to drive innovation and fuel market expansion. The bakery industry is a significant contributor to the gross domestic product of various countries, with a substantial economic impact.Request Free Sample Report or PDF Copy: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022091
Key Highlights:
• The global Bakery Products Market size was valued at USD 234.5 billion in 2022 growing at a CAGR of 4.9% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Bakery Products Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
Buy the Latest Copy of the Report Now at Higher Discount: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022091
Key Players
Some of the major Bakery Products Market players holding high market shares include Grupo Bimbo S.A.B. de C.V.(Mexico), Barilla Holding S.p.A. (Italy), Britannia Industries Limited (India) and Dunkin' Donuts LLC (US.). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Grupo Bimbo S.A.B. de C.V.(Mexico)
• Barilla Holding S.p.A. (Italy)
• Britannia Industries Limited (India)
• Dunkin' Donuts LLC (US.)
• Mondelez International Inc. (U.S.)
• Cole's Quality Foods Inc. (MI)
• Dawn Food Products Inc (MI)
• General Mills Inc. (US.)
• United Biscuits (UK)., among others
Segmental Analysis
Market Segment By Type
• Breads
• Cakes & Pastries
• Cookies & Biscuits
• Bagles
• Donuts
• Pizza & Pizza Crust
• Pies & Tarts
• Brownies
Market Segment By Category
• Fresh
• Frozen
Market Segment By Distribution Channel
• Food Retail
• Food Service
For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022091
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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