A new Report by Delvens, titled "Bakery Products Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Bakery Products Market size was estimated at USD 279.9 billion in 2023 and is projected to reach USD 401.4 billion in 2030 at a CAGR of 5.28% during the forecast period 2024-2030.
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The global bakery products market is experiencing robust growth, driven by a combination of evolving consumer preferences, innovative product offerings, and expanding market reach through various distribution channels.
One of the primary drivers of this growth is the increasing preference for convenient foods among consumers worldwide. With changing lifestyles and rising urbanization, there is a growing demand for bakery products that offer quick and easy meal solutions.
Key Findings:
· On the basis of Product Type, Biscuits and bread dominate the bakery market, driven by their widespread consumption. Cakes and pastries also play a significant role due to their variety of flavours and popularity.
· On the basis of distribution channel, the bakery products market features diverse distribution channels crucial for global consumer reach. Specialty stores and convenience stores are pivotal, with specialty stores projected to grow fastest, capturing over 35% market share by 2025.
· The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe is poised to dominate and experience strong growth as a regional market for bakery products.
Europe to Dominate the Market
· Europe accounted for the largest bakery products market share and is predicted to remain the leading segment during the forecast period. The European market growth is supported by more than 150 bakery companies and the growing trend of snacking culture.
· In Italy, many consumers buy gluten-free bread to support the health and wellness trend in the country. Also, gluten-free bread is easy to digest and better for health.
Competitive Landscape
· Nestle SA
· Associated British Foods plc
· Mondelez International Inc.
· Finsbury Food Group Plc
· Bimbo Bakeries USA
· Britannia Industries
· Flowers Foods Inc.
· Rich Products Corporation
· Dr. August Oetker Nahrungsmittel KG
· Gruma, S.A.B. de C.V.
· Bakers Delight Holdings
· Grupo Bimbo S.A.B de C.V.
· Yamazaki Baking Co. Ltd.
· JAB Holding Company and More
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Recent Developments
As of July 2023, Starbucks offers just one certified gluten-free bakery item on its menu, the Marshmallow Dream Bar. This item stands out among its beverages, which include several gluten-free options. The Marshmallow Dream Bar is packaged separately with a clear gluten-free certification prominently displayed on the label.
In January 2023, Sara Lee, a brand under Bimbo Bakeries USA, launched a new white bread variant enriched with vegetables. This innovative loaf is fortified with vitamins A, D, and E, providing the nutritional equivalent of one cup of vegetables per serving.
The Bakery Products Market is segmented into various segments such as Product type, Distribution channel, and Region:
Based on Product type
· Cakes and Pastries
· Biscuits
· Bread
· Morning Goods
· Other Product Types
Based on the distribution channel
· Supermarkets/Hypermarkets
· Convenience/Grocery Stores
· Speciality Stores
· Online Retail Stores
· Other Distribution Channels
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
Frequently Asked Questions
· What are the years considered to study Bakery Products Market intelligence report?
· What is the compound annual growth rate (CAGR) of the Bakery Products Market?
· Which region holds the largest market share in Bakery Products Market?
· Which region is the fastest growing in Bakery Products Market?
· Who are the major players in Bakery Products Market?
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