Bakery Products Market worth $9.62 billion by 2030, growing at a CAGR of 7.51% - Exclusive Report by 360iResearch

The "Bakery Products Market by Product (Bread & Rolls, Cakes & Pastries, Cookies), Ingredients (Chocolate & Cocoa, Dairy Products, Eggs), Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Bakery Products Market to grow from USD 5.79 billion in 2023 to USD 9.62 billion by 2030, at a CAGR of 7.51%.

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The bakery products constitute a wide range of ready-to-eat consumables predominantly made from flour, sugar, milk, butter, shortening, baking powder, and eggs. These products are universally cherished for their flavors, textures, and convenience. The growth of the bakery products market is significantly influenced by the rising consumption of convenient and ready-to-eat food items owing to busy lifestyles. The increasing demand for gluten-free and organic bakery products also propels their consumption among eco-conscious consumers. Moreover, innovative packaging solutions that extend shelf life and the proliferation of online retailing are expanding the penetration of bakery products worldwide. However, the fluctuating raw material prices and the stringent regulatory environment regarding food safety and labeling affect the demand for bakery products. Additionally, managing the short shelf life of bakery products and competition from local artisanal bakeries are significant hurdles for bakery product manufacturers. Expanding plant-based and vegan bakery items as healthier and sustainable eating options attracts a broader customer base for bakery products. Moreover, innovation in eco-friendly packaging and energy-efficient production processes are expected to present significant opportunities for cost reduction and attracting environmentally conscious consumers for bakery products.

Consumer preferences for convenience, health, and indulgence shape the demand for bakery products in the Americas. The market has observed a notable rise in gluten-free and organic products influenced by health-conscious consumers. Investment in sustainable and eco-friendly packaging solutions is evident, responding to increasing environmental concerns. The market observes trends toward artisanal and premium bakery products, with consumers valuing locally sourced and high-quality ingredients in the Americas. Europe, the Middle East, and Africa strongly prefer traditional and artisanal bakery products, with a significant emphasis on sustainability and traceability of the ingredients. The clean label is gaining momentum in the EMEA region, pushing bakeries to reformulate products with fewer additives and preservatives. The bakery products market in the Middle East is experiencing growth in demand for both traditional products and Western-style baked goods, driven by urbanization and changing lifestyles. In Africa, the bakery industry is witnessing a surge in demand for basic and convenient baked goods, attributed to the rising middle class and urbanization. Investments in the African region are channeled towards improving food safety and expanding distribution networks. Asia-Pacific's bakery products market is rapidly growing, with a shift toward premium and health-oriented products. Consumers strongly prefer high-quality and aesthetically pleasing bakery items, with a keen interest in traditional Japanese and French-inspired baked goods.

Market Segmentation & Coverage:

This research report categorizes the Bakery Products Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across Bread & Rolls, Cakes & Pastries, Cookies, Pretzels, and Tortillas. The Bread & Rolls is further studied across Baguettes, Burger Buns, Ciabatta, Frozen Bread, Loaves, Rolls, and Sandwich Slices. The Cakes & Pastries is further studied across Cupcakes, Dessert Cakes, Pastries, and Sponge Cakes. The Cookies is further studied across Bar Cookies, Drop Cookies, Molded Cookies, and Rolled Cookies. The Cakes & Pastries commanded largest market share of 41.31% in 2023, followed by Bread & Rolls.

Based on Ingredients, market is studied across Chocolate & Cocoa, Dairy Products, Eggs, Fats & oils, Fruits & Nuts, Grains, Leaveners, Salt, Spices & Flavorings, and Sweeteners. The Dairy Products is further studied across Condensed Milk, Fermented Milk Products, and Fresh Milk &Cream. The Leaveners is further studied across Chemical Leavening Agents and Yeast. The Sweeteners is further studied across Alternative Sweeteners and Nutritive Sweeteners. The Dairy Products commanded largest market share of 19.45% in 2023, followed by Salt, Spices & Flavorings.

Based on Distribution Channel, market is studied across Convenience Stores, Hypermarkets, Online Stores, Specialty Stores, and Supermarkets. The Convenience Stores commanded largest market share of 33.16% in 2023, followed by Supermarkets.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.21% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Bakery Products Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Bakery Products Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Bakery Products Market, highlighting leading vendors and their innovative profiles. These include Alpha Baking Company, Inc., Arca Continental, S. A. B. de C. V., Associated British Foods PLC, B&G Foods, Inc., Bahlsen GmbH & Co. KG, Bakers Delight Holdings Limited, Britannia Industries Limited, Campbell Soup Company, Conagra Brands, Inc., Crazy Snacks Pvt. Ltd., Dr. August Oetker KG, Elliott's Bakery, Finsbury Food Group PLC, Flowers Foods, Inc., General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Hostess Brands, Inc. by The J. M. Smucker Company, Inspire Brands, Inc., ITC Limited, Kellanova, Kerry Group PLC, King's Hawaiian Holding Co, Inc., Lantmännen ek för, Mondelez International, Inc., Nestlé S.A., PepsiCo, Inc., Rich Products Corporation, The Hershey Company, TreeHouse Foods, Inc., Warburtons Limited, and Yamazaki Baking Co., Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Bakery Products Market, by Product
7. Bakery Products Market, by Ingredients
8. Bakery Products Market, by Distribution Channel
9. Americas Bakery Products Market
10. Asia-Pacific Bakery Products Market
11. Europe, Middle East & Africa Bakery Products Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Bakery Products Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Bakery Products Market?
3. What is the competitive strategic window for opportunities in the Bakery Products Market?
4. What are the technology trends and regulatory frameworks in the Bakery Products Market?
5. What is the market share of the leading vendors in the Bakery Products Market?
6. What modes and strategic moves are considered suitable for entering the Bakery Products Market?

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