According to the latest report by IMARC Group, titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the bakery products market trends.

The global bakery products market size reached US$ 497.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 625.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028. Bakery products comprise a wide range of baked goods that are prepared by using dry heat in an oven, hot stones, ashes, etc. They include bread, cakes, pastries, pies, cookies, donuts, etc. In line with this, these products are made by using various ingredients, such as grain-based flour, water, leavening agents, etc. They are considered fast-moving consumer goods (FMCG) and are consumed daily. Bakery products have a sweet or savory taste and fluffy texture as well as are easy to consume and store for an extended period. Presently, most traditional baking methods are replaced by modern machines.

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Global Bakery Products Market Trends:

The escalating demand for low-calorie, processed, and ready-to-eat food items, on account of the improving living standards and the inflating disposable income levels of individuals, is primarily augmenting the bakery products market. Furthermore, the growing number of artisanal bakery shops and patisseries offering several varieties of baked goods is bolstering the market growth. Apart from this, the introduction of low-calorie bakery products by leading manufacturers containing multi-grains or whole wheat and low trans-fat content, owing to the rising consumer health consciousness, is acting as another significant growth-inducing factor. Moreover, they are also developing gluten-free, vegan, lactose-free, and high-fiber variants that are made using premium-quality ingredients, which is positively influencing the global market. Besides this, the expanding food and beverage (F&B) industry and the increasing integration of robotics technology with bakery processing equipment are further catalyzing the market growth. Additionally, the emerging trend of healthy snacking is expected to fuel the bakery products market in the coming years.

Bakery Products Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

Grupo Bimbo S.A.B de C.V.
Yamazaki Baking Co., Ltd.
JAB Holding Company
ARYZTA AG
Flowers Foods, Inc.

Rich Products Corporation
Dr. August Oetker Nahrungsmittel KG
Gruma, S.A.B. de C.V.
General Mills, Inc.

Associated British Foods (ABF) Plc

Key Market Segmentation:

The report has segmented the global bakery products market on the basis of product type, distribution channel and region.

Breakup by Product Type:

Biscuits
Cookies
Cream Biscuits
Glucose Biscuits
Marie Biscuits

Non-Salt Cracker Biscuits
Salt Cracker Biscuits
Milk Biscuits
Others

Bread and Rolls
Artisanal Bakeries
In-Store Bakeries
Packaged

Cakes and Pastries
Artisanal Bakeries
In-Store Bakeries
Packaged

Rusks
Artisanal Bakeries
In-Store Bakeries
Packaged

Breakup by Distribution Channel:

Convenience Stores
Supermarkets and Hypermarkets
Independent Retailers
Artisanal Bakeries
Online Stores

Others

Regional Insights:

Asia-Pacific
Europe
North America
Middle East and Africa
Latin America

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market

Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Bakery Products Market Share, Size, Trends and Forecast 2023-2028