Baking Success: Insights into Bakery Contract Manufacturing Market - Detailed Overview, Segmentation, and Future Projections Illuminate the Path to Growth

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Bakery Contract Manufacturing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $36.93 billion In 2028 At A CAGR Of 10.3% :

The bakery contract manufacturing market size has grown rapidly in recent years. It will grow from $22.3 billion in 2023 to $24.93 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to consumer demand for diverse products, cost efficiency and scalability, focus on core competencies, globalization of supply chains, rising disposable income, popularity of convenience foods.

The bakery contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $36.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to expanding middle class, e-commerce growth, rising health and wellness concerns, regulatory compliance and quality assurance, aging population. Major trends in the forecast period include customization and innovation, clean label and health focus, technology integration, supply chain resilience, global expansion.

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Bakery Contract Manufacturing Market Major Segments
The bakery contract manufacturing market covered in this report is segmented -

1) By Product: Specialty And Nutritional Bakery Products, Traditional Bakery Products
2) By Service: Manufacturing, Packaging, Custom Formulation And R&D
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises

Key Driver - Growing Bakery Product Consumption Fuels Expansion In The Bakery Contract Manufacturing Market

The rising consumption of bakery products is expected to boost the growth of the bakery contract manufacturing market going forward. Bakery products refer to a wide range of items that use wheat flour to produce various final bakery-related products. Since most bakeries cannot operate at full capacity to meet the increasing demand for bakery goods, they frequently turn to outside (contract manufacturing) companies to fill in the gaps on those lines; thus, rising bakery product consumption is expected to drive the bakery contract manufacturing market. For instance, according to a report published by the American Bakers Association, a US-based bakery-specific national and state trade association, in 2021, sales of baking ingredients and supplies increased by 18.7% and 16.3%, respectively, in 2020. Further, in October 2022, according to stats sourced from Euromonitor International, 2022 published on the Government of Canada's official website, retail sales of baked goods in the US reached $67.9 billion in 2021 and are expected to reach US$75.8 billion in 2026. Therefore, the rising consumption of bakery products is driving the growth of the bakery contract manufacturing market.

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Prominent Trend - Technological Advancements Drive Innovation In The Bakery Contract Manufacturing Market

Technological advancement is the key trend gaining popularity in the bakery contract manufacturing market. Major companies operating in the bakery contract manufacturing market are focusing on developing new products. For instance, in September 2021, KPM Analytics, a US-based company operating in vision systems and automation inspection solutions to food manufacturers, launched the new Sightline TheiaVu Compact Vision Inspection Series with breadcrumb analysis capability. The Sightline TheiaVu Series Vision Inspection System is a fully competent benchtop analyzer for bakeries, snack food, and meat producers that measures size, shape, color, and toppings quickly, accurately, and consistently, ensuring final product quality. The crumb analysis capabilities further produce high-quality photos and data of bread items' internal crumb structure. The all-in-one tool delivers a wide range of data for testing, research, quality assurance, and final product inspection while reducing time for quality engineers. It is a valuable tool for increasing production, quality, and profits.

Bakery Contract Manufacturing Market Players
Major companies operating in the bakery contract manufacturing market report are De Banketgroep B.V., HACO Holding AG, PacMoore Products Inc., Blackfriars Bakery, Southern Bakeries LLC, Cibus Nexum BV, Hearthside Food Solutions LLC, Richmond Baking Company, Oakhouse Bakery, Adventure Bakery LLC, Michel's Bakery Inc., General Mills Inc., Perfection Foods Ltd., Bimbo Bakeries USA, Dawn Foods, Flowers Foods, Grupo Bimbo, Hostess Brands, Kellogg Company, Mondelez International, Nestle SA, PepsiCo Inc., Sara Lee Frozen Bakery, The Hershey Company, Tyson Foods Inc., Unilever plc, Weston Foods Canada, Yamazaki Baking Co Ltd., Aryzta AG, Campbell Soup Company

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Largest And Fastest Growing Region In The Market
Europe was the largest region in the bakery contract manufacturing market in 2023. The regions covered in the bakery contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bakery Contract Manufacturing Market Report Structure
3. Bakery Contract Manufacturing Market Trends And Strategies
4. Bakery Contract Manufacturing Market - Macro Economic Scenario
5. Bakery Contract Manufacturing Market Size And Growth
…..
27. Bakery Contract Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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