PUBLISHER: MarketLine | PRODUCT CODE: 975478
PUBLISHER: MarketLine | PRODUCT CODE: 975478
Global Bakery & Cereals industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The bakery & cereals market consists of retail sales of baking ingredients, baking mixes, bread & rolls, breakfast cereals, cakes, pastries & sweet pies, cereal bars, cookies (sweet biscuits), dough products, energy bars, morning goods and savory biscuits. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2019 exchange rates.
The global bakery & cereals market had total revenues of $560.8bn in 2019, representing a compound annual growth rate (CAGR) of 4.2% between 2015 and 2019.
Market consumption volume increased with a CAGR of 1.9% between 2015 and 2019, to reach a total of 1,60,476.1 million kilograms in 2019.
Rising disposable incomes and rapid urbanization are the primary factors supporting the growth of this market.