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The global bakery products market reached a value of US$ 478.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 612.4 Billion by 2027, exhibiting at a CAGR of 4.0% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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 Nowadays, most traditional baking methods have been replaced by modern machines.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, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on 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||2021|
|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$ 478.4 Billion in 2021.
We expect the global bakery products market to exhibit a CAGR of 4% during 2022-2027.
The growing demand for low calorie, ready-to-eat food items, such as bakery products, represents one
of the factors catalyzing the global bakery products market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
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 exhibit clear dominance in the 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 accounts for the largest market
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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