PUBLISHER: 360iResearch | PRODUCT CODE: 1434462
PUBLISHER: 360iResearch | PRODUCT CODE: 1434462
[187 Pages Report] The Bakery Products Market size was estimated at USD 5.61 billion in 2022 and expected to reach USD 6.08 billion in 2023, at a CAGR 8.47% to reach USD 10.76 billion by 2030.
Global Bakery Products Market
KEY MARKET STATISTICS | |
---|---|
Base Year [2022] | USD 5.61 billion |
Estimated Year [2023] | USD 6.08 billion |
Forecast Year [2030] | USD 10.76 billion |
CAGR (%) | 8.47% |
Bakery products encompass all segments of food manufacturing and retail that are involved in the production, distribution, and sale of baked goods. This includes a wide range of products such as breads, pastries, cakes, cookies, biscuits, bagels, tortillas, and other specialty baked items. The application of bakery products varies across different demographic segments. Growing demand for healthier options, including whole-grain, sugar-free, and trans-fat-free bakery products, is driving the growth of the market. The increasingly busy lifestyles of consumers who seek convenient and portable meal options expand the scope of the market. Rising managing cost pressures due to fluctuations in raw material prices hampers the growth of the bakery products market. The growing development of bakery products with added nutritional benefits, such as fortified bakery items, is expected to create opportunities for market growth. Further, the rising focus on introducing plant-based and vegan baked goods due to the emerging trend of vegan food is anticipated to expand the scope of the bakery products market.
Regional Insights
The bakery products market represents an innovative landscape characterized by changing food patterns & lifestyles and the companies' new ways of producing and processing bakery products. People in this region are health-conscious and aware that nutrients are crucial for body growth and tissue maintenance. Therefore, they focus on incorporating food products, including bakery products, into their daily diet, which provides antioxidants, polyphenols, vitamins, fiber, and natural phytonutrients, driving the consumption of bakery products. Changing consumer trends for bakery products that offer high nutritional value during COVID-19 is accelerating the market's growth in the region. EU countries exhibit a strong tradition in bakery, with preferences varying significantly across the region. There is a growing trend toward natural ingredients, traceability, and reduction of additives, creating a platform for market growth. Artisanal bread and pastries remain popular, and there's an increasing interest in convenience and on-the-go consumption. The Middle Eastern bakery market is experiencing growth with an appetite for Western-style baked goods, while traditional flatbreads continue to dominate daily consumption. Asia-Pacific's bakery market is rapidly evolving, with consumers showing a growing appetite for Western pastries and bread. Increased urbanization, rising incomes, and a young population drive the demand for innovative and premium bakery items. The trend for convenience and health-oriented products is evident, with e-commerce platforms playing a crucial role in distribution.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Bakery Products Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Bakery Products Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Bakery Products Market, highlighting leading vendors and their innovative profiles. These include Agroha Agro Food Private Limited, Alpha Baking Co., Inc., Arca Continental S.A.B. de C.V., Associated British Foods PLC, Bahlsen GmbH & Co. KG, Britannia Industries Limited, Campbell Soup Company, Conagra Brands, Inc., Crazy Snacks Pvt. Ltd., CROZZO, Dr. August Oetker KG, Elliott's Bakery and Coffee Shop, Finsbury Food Group PLC, Flowers Foods, Inc., General Mills, Inc., George Weston Limited, Grupo Bimbo, S.A.B. de C.V., Hostess Brands, Inc., Inspire Brands, Inc., ITC Limited, Kellogg Company, Kerry Group PLC, Lantmannen Unibake International, Mondelez International, Inc., Nestle S.A., PepsiCo, Inc., Rich Products Corporation, The Hershey Company, TreeHouse Foods, Inc., and Yamazaki Baking Co., Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Bakery Products Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Bakery Products Market?
3. What are the technology trends and regulatory frameworks in the Bakery Products Market?
4. What is the market share of the leading vendors in the Bakery Products Market?
5. Which modes and strategic moves are suitable for entering the Bakery Products Market?