Bakery Products Market Research Report—Forecast till 2028

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Bakery Products Market Research Report—Forecast till 2028

Market Overview

By 2030, the market for bakery products is projected to reach a value of USD 610.12 million with a CAGR of 5.1%. Bakery goods including bread, rolls, cookies, pies, and muffins are typically made with flour or a grain-based meal.
The market for bakery products is still expanding because of the rising demand for convenience foods and the rapid urbanization of the world. The demand for nutritious food items has expanded because of people’s heightened health consciousness, and the growing cross-cultural influence of eating customs is fostering the bakery market’s expansion. The intended audiences in the worldwide market also vary. Individual consumers, merchants, distributors, and manufacturers all have varied needs.
The global market for bakery items may be significantly constrained by the rising demand for freshly baked goods. The rising demand for convenience foods, the expansion of the food service sector, and the explosive rise of organized retail in Asia-Pacific are the main factors driving the growth of the global market. The high cost of frozen bakery goods, however, is expected to restrain the market’s expansion. Nevertheless, it is anticipated that throughout the projected period, businesses operating in the worldwide market will benefit from rising investments in the cold chain sector in developing nations and rising demand for organic products.

Market Segmentation

The market for bakery items worldwide consists of the following product categories: bread, cakes & pastries, cookies & biscuits, bagels, donuts, pizza & pizza crust, pies & tarts, brownies, and others. Based on category, the bakery goods industry has been split into fresh and frozen products.
Based on the distribution channel, the global market for bakery products has been split into food service and food retail. The food retail sector includes stores including supermarkets and hypermarkets, convenience stores, in-store bakeries, online sellers, and others.

Regional Analysis

In 2020, North America held a market share of 28.25% of the worldwide bakery products market. From 2022 to 2030, it is anticipated that North America would grow at a CAGR of 5.4%. Over the past few years, the market in North America has grown quickly. The expansion can be linked to consumers’ growing preference for prepared meal items. On the other hand, it is predicted that the sales of bakery items would increase due to the growing working population in North America and the increased customer preference for eating out.
North America has represented a piece of the pie of 28.25% of the worldwide bakery products market in 2020 and is projected to extend at a CAGR of 5.4% during the gauge time of 2022-2030. The market in North America has been encountering quick development throughout the course of recent years. The development can be credited to the rising customer tendency towards prepared to-eat food products. Then again, the rising working populace in North America, alongside rising buyer tendency towards out-of-home utilization is expected to additional drive the deals of bakery products.

Major Players

Prominent players in the global Bio-stimulant market include Finsbury Food Group Plc (UK), Barilla Holding (Italy), General Mills (US), Lantmännen (Sweden), Pladis Global (Denmark) Grupo Bimbo (Mexico), Britannia Industries Limited (Germany), Mondelez International (US), Associated British Foods Plc (England), and Dunkin Brands (US).

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 MARKET ATTRACTIVENESS ANALYSIS 16

1.1.1 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE 17

1.1.2 GLOBAL BAKERY PRODUCTS MARKET, CATEGORY 18

1.1.3 GLOBAL BAKERY PRODUCTS MARKET, DISTRIBUTION CHANNEL 19

1.1.4 GLOBAL BAKERY PRODUCTS MARKET, BY REGION 20

2 MARKET INTRODUCTION 21

2.1 DEFINITION 21

2.2 SCOPE OF THE STUDY 21

2.3 RESEARCH OBJECTIVE 21

2.4 MARKET STRUCTURE 22

2.5 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY 24

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 27

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29

4 MARKET DYNAMICS 30

4.1 OVERVIEW 30

4.2 DRIVERS 31

4.2.1 RISING DEMAND FOR CONVENIENCE FOOD 31

4.2.2 MOUNTING GROWTH OF FOODSERVICE INDUSTRY 31

4.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 31

4.3 RESTRAINT 33

4.3.1 HIGH PRODUCT COST OF FROZEN BAKERY 33

4.4 OPPORTUNITIES 33

4.4.1 DEVELOPMENT OF THE COLD CHAIN MARKET IN EMERGING ECONOMIES 33

4.4.2 DEMAND FOR ORGANIC PRODUCTS 34

4.5 CHALLENGE 34

4.5.1 BRANDING ISSUES 34

5 MARKET FACTOR ANALYSIS 35

5.1 VALUE CHAIN ANALYSIS 35

5.1.1 RAW MATERIAL PROCUREMENT 36

5.1.2 PROCESSING 36

5.1.3 PACKAGING 36

5.2 SUPPLY CHAIN ANALYSIS 37

5.3 PORTER’S FIVE FORCES MODEL 38

5.3.1 THREAT OF NEW ENTRANTS 38

5.3.2 BARGAINING POWER OF SUPPLIERS 39

5.3.3 BARGAINING POWER OF BUYERS 39

5.3.4 THREAT OF SUBSTITUTES 39

5.3.5 INTENSITY OF RIVALRY 39

5.4 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL BAKERY PRODUCTS MARKET 39

5.4.1 IMPACT ON PRODUCTION 39

5.4.2 IMPACT ON SUPPLY CHAIN 40

5.4.3 IMPACT ON SALES (FOODSERVICE VS. FOOD RETAIL) 40

5.4.4 IMPACT ON PRICING 40

5.4.5 IMPACT ON CONSUMER BUYING BEHAVIOR 40

5.4.6 IMPACT ON STORE-BASED VS. NON-STORE-BASED SALES 41

5.5 LIST OF MAJOR MANUFACTURERS, BY PRODUCT TYPE 41

6 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE 43

6.1 OVERVIEW 43

6.2 BREADS 43

6.3 CAKES & PASTRIES 43

6.4 COOKIES & BISCUITS 43

6.5 BAGELS 43

6.6 DONUTS 44

6.7 PIZZA & PIZZA CRUST 44

6.8 PIES & TARTS 44

6.9 BROWNIES 44

6.10 OTHERS 44

6.10.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 46

7 GLOBAL BAKERY PRODUCTS MARKET, BY CATEGORY 48

7.1 OVERVIEW 48

7.2 FRESH 48

7.3 FROZEN 48

7.3.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 49

8 GLOBAL BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL 50

8.1 OVERVIEW 50

8.2 FOOD RETAIL 50

8.3 FOODSERVICE 50

8.3.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 51

9 GLOBAL BAKERY PRODUCTS MARKET, BY REGION 53

9.1 OVERVIEW 53

9.1.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 54

9.2 NORTH AMERICA 55

9.2.1 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2022-2030 55

9.2.2 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 57

9.2.3 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 59

9.2.4 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 59

9.2.5 US 61

9.2.6 CANADA 64

9.2.7 MEXICO 67

9.3 EUROPE 70

9.3.1 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2022-2030 70

9.3.2 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 72

9.3.3 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 74

9.3.4 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 74

9.3.5 GERMANY 76

9.3.6 UK 79

9.3.7 FRANCE 82

9.3.8 SPAIN 85

9.3.9 ITALY 88

9.3.10 REST OF EUROPE 91

9.4 ASIA-PACIFIC 94

9.4.1 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2022-2030 94

9.4.2 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 96

9.4.3 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 98

9.4.4 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 98

9.4.5 CHINA 100

9.4.6 INDIA 103

9.4.7 JAPAN 106

9.4.8 AUSTRALIA & NEW ZEALAND 109

9.4.9 REST OF ASIA-PACIFIC 112

9.5 REST OF THE WORLD 115

9.5.1 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2022-2030 115

9.5.2 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2022-2030 117

9.5.3 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2022-2030 119

9.5.4 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2022-2030 119

9.5.5 SOUTH AMERICA 121

9.5.6 MIDDLE EAST 124

9.5.7 AFRICA 127

10 COMPETITIVE LANDSCAPE 130

10.1 COMPETITIVEOVERVIEW 130

10.2 COMPETITIVE BENCHMARKING 131

10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 132

10.3.1 NEW PRODUCT LAUNCH 132

10.3.2 MERGER & ACQUISITION 132

11 COMPANY PROFILES 134

11.1 GENERAL MILLS, INC. 134

11.1.1 COMPANY OVERVIEW 134

11.1.2 FINANCIAL OVERVIEW 135

11.1.3 PRODUCTS OFFERINGS 135

11.1.4 KEY DEVELOPMENTS 140

11.1.5 SWOT ANALYSIS 141

11.1.6 KEY STRATEGIES 141

11.2 GRUPO BIMBO, S.A.B. DE C.V. 142

11.2.1 COMPANY OVERVIEW 142

11.2.2 FINANCIAL OVERVIEW 142

11.2.3 PRODUCTS OFFERINGS 143

11.2.4 KEY DEVELOPMENTS 147

11.2.5 SWOT ANALYSIS 148

11.2.6 KEY STRATEGIES 148

11.3 LANTMÄNNEN UNIBAKE 149

11.3.1 COMPANY OVERVIEW 149

11.3.2 FINANCIAL OVERVIEW 149

11.3.3 PRODUCTS OFFERINGS 150

11.3.4 KEY DEVELOPMENTS 151

11.3.5 SWOT ANALYSIS 151

11.3.6 KEY STRATEGIES 152

11.4 BRITANNIA INDUSTRIES LIMITED 153

11.4.1 COMPANY OVERVIEW 153

11.4.2 FINANCIAL OVERVIEW 154

11.4.3 PRODUCTS OFFERINGS 155

11.4.4 KEY DEVELOPMENTS 155

11.4.5 SWOT ANALYSIS 156

11.4.6 KEY STRATEGIES 156

11.5 BARILLA HOLDING S.P.A.. 157

11.5.1 COMPANY OVERVIEW 157

11.5.2 FINANCIAL OVERVIEW 157

11.5.3 PRODUCTS OFFERINGS 158

11.5.4 SWOT ANALYSIS 158

11.5.5 KEY STRATEGIES 159

11.6 MONDELEZ INTERNATIONAL, INC. 160

11.6.1 COMPANY OVERVIEW 160

11.6.2 FINANCIAL OVERVIEW 160

11.6.3 PRODUCTS OFFERINGS 161

11.6.4 KEY DEVELOPMENTS 161

11.7 ASSOCIATED BRITISH FOODS PLC 162

11.7.1 COMPANY OVERVIEW 162

11.7.2 FINANCIAL OVERVIEW 162

11.7.3 PRODUCTS OFFERINGS 163

11.8 FINSBURY FOOD GROUP PLC 164

11.8.1 COMPANY OVERVIEW 164

11.8.2 FINANCIAL OVERVIEW 164

11.8.3 PRODUCTS OFFERINGS 165

11.9 PLADIS GLOBAL (UNITED BISCUITS) 166

11.9.1 COMPANY OVERVIEW 166

11.9.2 PRODUCTS OFFERINGS 166

11.9.3 KEY DEVELOPMENTS 167

11.10 DUNKIN BRANDS 168

11.10.1 COMPANY OVERVIEW 168

11.10.2 FINANCIAL OVERVIEW 168

11.10.3 PRODUCTS OFFERINGS 169

12 APPENDIX 170

12.1 REFERENCES 170

Additional information

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Companies Mentioned

Finsbury Food Group Plc (UK), Barilla Holding (Italy), General Mills (US), Lantmännen (Sweden), Pladis Global (Denmark) Grupo Bimbo (Mexico), Britannia Industries Limited (Germany), Mondelez International (US), Associated British Foods Plc (England), and Dunkin Brands (US)

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