According to the latest report by IMARC Group, titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, the global bakery products market reached a value of 478 .4 billion US$ in 2021. Looking ahead, IMARC Group expects the market to reach US$612.4 billion by 2027 growing at a CAGR of 4.0% during the period 2022-2027.
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Baked goods include a variety of baked goods that are prepared in an oven. Some of the most common grain-based baked goods include cakes, breads, pies, donuts, cookies, and pastries. They are usually characterized by a sweet or salty taste and a fluffy texture. They are made from many ingredients, such as grain-based flour, water, salt, sugar, flavorings and leavening agents. They are easy to consume and convenient to store for a long time. As a result, they are widely gaining prominence among consumers around the world.
Bakery Products Market Trends and Drivers:
The market is mainly driven by the increase in ready-to-eat food sales across the world. With the inflation in the disposable income levels of the masses and their changing food preferences, there has been a significant increase in the demand for processed and packaged baked foods, which is providing impetus for the growth of the market . Additionally, there has been a growing preference for the adoption of clean label and organic bakery products among consumers. Coupled with the easy availability of vegan and fortified baked goods across many organized online and offline retail channels, this creates a positive outlook for the market. This is further supported by the growing health awareness among the masses who incorporate low trans fat foods into their regular diet. Apart from this, increasing deployment of robotic technology with bakery processing equipment and significant growth in food and beverage sector across the globe are also contributing to the growth of the market.
Key Market Segmentation:
Breakdown by product type:
Salt-Free Cracker Cookies
Salt Cracker Cookies
Bread and rolls:
Cakes and pastries:
Breakdown by distribution channel:
Supermarkets and Hypermarkets
Middle East and Africa
Competitive landscape with key players:
The competitive landscape of the market has also been covered, with the detailed profiles of the manufacturers. Some of the best baked goods makers are:
Group Bimbo SAB de CV
Yamazaki Baking Co., Ltd.
Flowers Foods, Inc.
Rich product company
Dr. August Oetker Nahrungsmittel KG
Gruma, SAB de CV
Associated British Foods (ABF) Plc
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/request?type=report&id=750&flag=C
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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