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The global bakery products market reached a value of US$ 455.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.3% during 2021-2026. Baking, referred to as the oldest form of cooking, is used for producing everyday products like bread, cakes, pastries, pies, cookies, and donuts. These products are prepared using various ingredients like grain-based flour, water and leavening agents. They are considered fast-moving consumer goods (FMCG) and are consumed daily. Owing to their palatability, appearance and easily digestible nature, they are highly preferred for both formal and informal occasions. Nowadays, most traditional baking methods have been replaced by modern machines. This shift has enabled manufacturers to introduce innovative bakery products with different ingredients, flavors, shapes and sizes.
The improving standards of living of people around the world have led to significant changes in their lifestyles and eating habits. As a result, they now prefer low calorie, ready-to-eat food items, such as bakery products. This has further prompted the leading manufacturers to introduce bakery products containing multi-grains or whole wheat with low trans-fat content. This has escalated the demand for bakery items, especially among health-conscious consumers. Besides this, with the growing preference for bakery items and increasing internet penetration, several players in the bakery industry have launched their products on digital retail channels, making it more convenient for consumers to order online. Moreover, market players are spending substantially on research and development (R&D) activities to launch organoleptically improved products in the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bakery products market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, and distribution channel.
Breakup by Product Type:
Based on the product type, biscuits are the most popular type of bakery products. They are further categorized as cookies, cream biscuits, glucose biscuits, Marie biscuits, non-salt cracker biscuits, salt cracker biscuits, milk biscuits and others.
Breakup by Distribution Channel:
Amongst these, bakery products are majorly distributed through supermarkets and hypermarkets as these stores allow easier access to a wide variety of bakery items to consumers.
On the geographical front, Europe enjoys the leading position in the market due to the presence of a large number of local and independent bakeries, along with the shifting preference of consumers towards ready-to-eat bakery products.
The competitive landscape of the market has also been covered, with the detailed profiles of manufacturers. Some of the top bakery products manufacturers are:
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||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. and Associated British Foods (ABF) Plc|
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The global bakery products market was valued at US$ 455.2 Billion in 2020.
The expanding fast moving consumer goods (FMCG) sector, along with the introduction of innovative bakery products with different ingredients, flavors, shapes and sizes, are some of the factors catalyzing the global bakery products market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous bakery shops. However, there is a growing preference towards online purchase of bakery products to mitigate the spread of the coronavirus infection upon human interaction in brick-and-mortar stores.
Based on the product type, the global bakery products market has been divided into biscuits, bread and rolls, cakes and pastries, and rusks. Currently, biscuits account for the highest market share in the global bakery products market.
Based on the distribution channel, the global bakery products market can be bifurcated into convenience stores, supermarkets and hypermarkets, independent retailers, artisanal bakeries, online stores, and others. Among these, supermarkets and hypermarkets currently hold the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe dominates the global market.
Some of the major players in the global bakery products market include 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, etc.
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