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Population Growth Fuels Rising Demand For Bread And Bakery Products: A Significant Driver Propelling The Bread And Bakery Products Market In 2025
Bread And Bakery Products Market Size
What Is the Expected Bread And Bakery Products Market Size During the Forecast Period?
The market size for bread and bakery goods has seen a robust expansion in recent years. It is slated to rise from $234.95 billion in 2024 to $249.69 billion in 2025, achieving a 6.3% compound annual growth rate (CAGR). The historic growth can be credited to factors such as cultural and regional influences, promotional and branding tactics, the globalization of food tastes, trends in retailing and merchandising, economic dynamics, and affordable pricing structures.
Expectations are high for notable expansion in the bread and bakery products market in the coming years, with predicted growth rates to hit $317.2 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 6.2%. Factors contributing to this growth during the forecast period range from a heightened focus on healthier alternatives and sustainability, to an increased interest in culinary fusion and exotic flavors. The demand for greater transparency and cleaner labels is also on the rise, along with a surge in popularity for artisanal and specialty bakeries. Further trends expected to shape the forecast period include practices that promote sustainability and are environmentally friendly, innovations in the balancing of sweet and savory flavors, a preference for local and seasonal ingredients, an increase in e-commerce and online bakery platforms, as well as breakthroughs in baking technology.
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What Are the High-Growth Segments in the Bread And Bakery Products Market?
The bread and bakery products market covered in this report is segmented -
1) By Type: Bread, Cake And Pastries, Other Bread And Bakery Products
2) By Origin: Whole Wheat Flour, Multi Grain Flour
3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Bread: White Bread, Whole Wheat Bread, Multigrain Bread, Gluten-Free Bread
2) By Cake And Pastries: Layer Cakes, Muffins, Cupcakes, Puff Pastries
3) By Other Bread And Bakery Products: Biscuits And Cookies, Bagels, Breadsticks, Tortillas
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What Key Drivers Are Expected to Influence Future Bread And Bakery Products Market Growth?
As the global population continues to expand, expected to hit 10 billion by 2050, there will naturally be greater demand for food. This growth will require an escalation in the supply of materials used for the production and trading of bread and bakery items to satisfy the larger population. Hence, throughout the forecast period, companies in this market are anticipated to reap the benefits of greater demand for bakery and confectionery items driven by this population growth.
Which Companies Hold the Largest Share Across Different Bread And Bakery Products Market Segments?
Major companies operating in the bread and bakery products market include Walker's Shortbread Ltd., Cargill Inc., Archer Daniels Midland Company, George Weston ltd, Mondelez International Inc., Britannia Industries Ltd., Wm Morrison Supermarkets plc, Associated British Foods plc, Grupo Bimbo, General Mills Inc., Yildiz Holding Inc., S.A.B. de C.V., Yamazaki Baking Co. Ltd., Flowers Foods Inc., Bimbo Bakeries USA, Barilla Group, Lantmännen, ARYZTA AG, Tate & Lyle plc, Harry-Brot GmbH, Dawn Food Products, Finsbury Food Group Plc, McKee Foods Corporation, CSM Bakery Solutions, Wenner Bread Products Inc., Rich Products & Solutions Pvt. Ltd., Neri's Bread & Bakery Products Inc., Damascus Bakeries Inc., Franz Bakery
What Trends Are Driving Growth in The Bread And Bakery Products Market?
The trajectory of the bread and bakery products market is anticipated to be staunched by economic elements and pricing dynamics. Elevated operational expenses comprising wages and investment in technology have squeezed the earnings for numerous law firms. As an illustration, in September 2024, the U.S. Department of Agriculture (USDA), a federal agency rooted in the U.S., forecasts a rise of 0.4% in the prices of cereal and bakery items in 2024, with a projected fluctuation range of -0.2% to 1.0%.
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What Are the Emerging Geographies for The Bread And Bakery Products Market Growth?
Asia-Pacific was the largest region in the bread and bakery products market in 2024. North America was the second-largest region in the bread and bakery products market. The regions covered in the bread and bakery products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Bread And Bakery Products Market?
2. What is the CAGR expected in the Bread And Bakery Products Market?
3. What Are the Key Innovations Transforming the Bread And Bakery Products Industry?
4. Which Region Is Leading the Bread And Bakery Products Market?
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