Healthy and Crafted Treats Propel Global Bakery & Confectionary Market Towards $1006.63 Billion in 2025

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Full of Flavor: The Global Bakery & Confectionary Market Size and Its Stellar Growth

• The bakery & confectionary market size has witnessed robust growth in recent years, expanding from $953.54 billion in 2024 to an expected $1006.63 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%.
• This historical period growth can be attributed to health-conscious offerings, artisanal and crafted treats, global flavor fusion, functional ingredients, and interactive and experiential products.
• Looking ahead, the market size is set for strong growth, predicted to reach $1247.02 billion in 2029 at a CAGR of 5.5%.
• In the forecast period, growth is expected to be driven by changing consumer lifestyles, cultural and ethnic influences, celebrations and festivities, retailing and merchandising strategies, globalization, and cross-cultural flavors.

What Is Driving The Growth In The Bakery & Confectionary Market?

The growth in the global population is a significant driver of the bakery & confectionary market. With the population anticipated to reach 10 billion by 2050, the demand for food, including bakery and confectionary products, is on the rise. The supply for materials used in bakery and confectionary production and trade volumes will have to increase to meet the rising population. Hence, companies in this market are expected to benefit from the increasing demand for bakery and confectionery products due to the rising population during the forecast period.

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Who Are the Key Players Driving Bakery & Confectionary Market Growth?

Some of the major companies operating in the bakery & confectionary market include:
• 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.
• Barry Callebaut AG
• 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.

What Are The Key Trends In The Bakery & Confectionary Market?

Key trends affecting the bakery & confectionary market include:
• Digitalization and online ordering
• Packaging innovations
• Global flavor fusion
• Customization and personalization trends
• Innovations in baking techniques

What Are The Segments Of The Global Bakery & Confectionary Market?

The global bakery & confectionary market report covers the following segments:
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: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels

Which Region Leads The Bakery & Confectionary Market?

Asia-Pacific was the largest region in the bakery and confectionary market in 2024, followed by Western Europe. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Bakery & Confectionary Market Global Market Report?

- Market Size Analysis: Analyze the Bakery & Confectionary Market size by key regions, countries, product types, and applications.

- Market Segmentation Analysis: Identify various subsegments within the Bakery & Confectionary Market for effective categorization.

- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.

- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.

- Market Contribution: Evaluate contributions of different segments to the overall Bakery & Confectionary Market growth.

- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.

- Industry Challenges: Analyze challenges and risks affecting the Bakery & Confectionary Market.

- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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