Bakery Products Market Overview
The Bakery Products market is accounted to register a CAGR of 5.10% during the forecast period and is estimated to reach USD 0.71 billion by 2030.
The Bakery Products Market refers to the industry involved in the production and sale of baked goods, such as bread, cakes, pastries, cookies, and other confectionery items. It caters to the widespread consumer demand for fresh and indulgent baked products, offering a wide range of options in terms of flavors, textures, and dietary preferences, including gluten-free and vegan alternatives.
MRFR recognizes the following companies as the key players in the global Bakery Products market — Grupo Bimbo, SAB de CV (Mexico), Barilla Holding S.p.A. (Italy), Britannia Industries Limited (India), Dunkin’ Donuts LLC (US), Mondelez International, Inc. (US), Cole’s Quality Foods Inc. (MI), Dawn Food Products Inc (MI), General Mills, Inc. (US), and United Biscuits (UK).
Segment Analysis
The global Bakery Products market has been segmented based on Category, Product Type and Distribution Channel.
On the basis of product type, the market is segmented into breads, cakes & pastries, cookies & biscuits, bagels, donuts, pizza & pizza crust, pies & tarts, and brownies. In terms of revenue, the breads sector dominated the bakery products market in 2022. This is mainly because customers of all ages drink it in large quantities.
Based on Category, the global Bakery Products market has been segmented into fresh and frozen. In 2022, the fresh category led the market, and it is anticipated that during the forecast period of 2022–2030, it will rise more quickly. This is attributable to rising customer demand for items that have just been baked.
Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Report : https://www.marketresearchfuture.com/reports/bakery-products-market-1985
Based on the distribution channel, the global Bakery Products market has been segmented into food retail and food service. In 2022, food retail accounted for the greatest category share because of its convenience and improved shopping environment.
Regional Analysis
The global Bakery Products market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Bakery Products market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Bakery Products market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Bakery Products market comprises of Middle East, Africa, and Latin America.
The Europe Bakery Products Market dominated this market in 2022. which was valued at USD 0.23 billion in 2022, is anticipated to increase at a substantial CAGR throughout the study period. This is explained by the strong demand for bakery goods, which are staple foods in the area and include gluten-free, high-fiber, and trans-fat products.
Due to the significant consumption of bread, cakes, and pastries, North America holds the second-largest proportion of the global market for bakery products. Leading companies like General Mills, Mondelez International, and Grupo Bimboo promote the market expansion in this area.
From 2022 to 2030, the market for bakery products in Asia-Pacific is anticipated to expand at the fastest rate. The market is expected to develop as a result of the region’s population expansion, rising employment rates for women, and rising disposable income. In addition, the India bakery goods market had the quickest rate of growth in the Asia-Pacific region, while China’s bakery products market had the largest market share.
Key Findings of the Study
- The global Bakery Products market is expected to reach USD 0.71 billion by 2030, at a CAGR of 5.10% during the forecast period.
- The Europe Bakery Products Market dominated this market in 2022. which was valued at USD 0.23 billion in 2022, is anticipated to increase at a substantial CAGR throughout the study period.
- Based on Category, The fresh segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period
Grupo Bimbo, SAB de CV (Mexico), Barilla Holding S.p.A. (Italy), Britannia Industries Limited (India), Dunkin’ Donuts LLC (US), Mondelez International, Inc. (US), Cole’s Quality Foods Inc. (MI), Dawn Food Products Inc (MI), General Mills, Inc. (US), and United Biscuits (UK).
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: +1 628 258 0071(US) +44 2035 002 764(UK)
Website : https://www.wantstats.com
Email: Sales@marketresearchfuture.com
