Bakery & Confectionary Market Global Industry Analysis, Business Development, Size, Forecast To 2033

The new report published by The Business Research Company, titled ""Bakery & Confectionary Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the bakery & confectionary market size has grown strongly in recent years. It will grow from $907.39 billion in 2023 to $960.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The bakery & confectionary market size is expected to see strong growth in the next few years. It will grow to $1174.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.

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Population Growth Boosting Bakery And Confectionery Demand
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 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.

Rising Trend Of Natural Flavors In Confectionery
Confectionery manufacturers are increasingly using natural flavors in confectionery products. Innovation has been key to the development of the confectionery market. According to the United States Food and Drug Administration, the term natural flavor or natural flavoring means the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating, or enzymolysis, which contains the flavoring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc. Using natural flavors manufacturers are imparting new and unique taste profiles into their products. For instance, Zaabar, Rococo Chocolates, and Rozsavologyi Csokolade are manufacturing chocolate bars with cardamom flavoring.

The bakery & confectionary market covered in this report is segmented -

1) By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla
2) By Price Point: Economy, Mid-Range, Luxury
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments Covered: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal, Sugar, Confectionery Product, Bread, Cake And Pastries, Other Bread And Bakery Product, Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla

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Major companies operating in the bakery & confectionary market report are Nestle S.A., PepsiCo Inc., Mars Inc., Mondelez International, Roshen Confectionery Corp., The Kraft Heinz Company, Wm Morrison Supermarkets plc, Valeo Foods Group, Grupo Bimbo S.A.B. de C.V., General Mills Inc., Ferrero Group, Kellanova, Lotte Corp., The Hershey Company, Yamazaki Baking Co. Ltd., The Clorox Company, Barry Callebaut AG, The Campbell Soup Company, Campbell Soup Company, The J.M. Smucker Company, Flowers Foods Inc., Bimbo Bakeries USA, The Hain Celestial Group Inc., Morinaga & Co., Orion Corp., Hostess Brands Inc., Bourbon Corp., Lindt & Sprüngli AG, PIM Brands Inc., Crown Confectionery Co.

Contents of the report:
1. Executive Summary
2. Bakery & Confectionary Market Report Structure
3. Bakery & Confectionary Market Trends And Strategies
4. Bakery & Confectionary Market - Macro Economic Scenario
5. Bakery & Confectionary Market Size And Growth
…..
27. Bakery & Confectionary Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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