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Baked Goods Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR40598
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The baked goods market share is expected to increase by USD 165.49 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.12%.

This baked goods market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, North America, South America, and MEA). The baked goods market report also offers information on several market vendors, including Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., Flowers Foods Inc., Grupo Bimbo SAB de CV, JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., and Yamazaki Baking Co. Ltd. among others.

What will the Baked Goods Market Size be During the Forecast Period?

Baked Goods Market Size

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Baked Goods Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The rising urbanization and changing consumer lifestyles are notably driving the bakery market growth, although factors such as fluctuating raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the baked goods industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Baked Goods Market Driver

The rising prominence of in-store bakeries in supermarkets is one of the major factors driving the baked goods market growth across the globe. In-store bakeries offer a substantial range of fresh-baked products, whole-grain bread, and specialty bakery products such as parbaked, pre-baked, or bake-off range of products. Consumers prefer in-store bakeries, situated in supercenters and clubhouses, as one-stop destinations because of the freshness and quality of their products. Supermarkets and hypermarkets are introducing their in-store bakeries, which produce private label bakery products and sell them at lower prices. Subsequently, they have become a preferred option among price-conscious customers.

Key Baked Goods Market Trend

The growing demand for organic and gluten-free products is one of the significant baked goods market trends expected to stimulate market growth in the coming years. Health-conscious consumers prefer organic baking products and ingredients such as aluminum-free baking powder, gluten-free flour, and organic baking flour. Several market vendors are launching new products in organic variants to capitalize on this opportunity. Organic coconut flour, whole-wheat, and multigrain-based products are gaining popularity. Gluten-free banana bread, gluten-free sorghum bread, and several other varieties of gluten-free bread are being launched to target customers with gluten allergies.

This baked goods market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Dynamics

Technavio categorizes the global baked goods market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and to extend the shelf life of packaged food.

Who are the Major Baked Goods Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Associated British Foods Plc
  • Britannia Industries Ltd.
  • Campbell Soup Co.
  • Flowers Foods Inc.
  • Grupo Bimbo SAB de CV
  • JAB Holding Co. Sarl
  • Kellogg Co.
  • Mondelez International Inc.
  • Warburtons Ltd.
  • Yamazaki Baking Co. Ltd.

 

This statistical study of the bakery market encompasses successful business strategies deployed by the key vendors. The baked goods market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Campbell Soup Co. - In April 2020, the company's snack brand, Goldfish, partnered with America's hot sauce brand, Franks RedHot, in order to create a spicier version of the crackers called Goldfish Franks RedHot crackers.
  • Grupo Bimbo SAB de CV  - In August 2019, the company launched the first compostable packaging for bread in Mexico
  • Mondelez International Inc - In April 2021, the company partnered with Olam Food Ingredients (OFI), a supplier of cocoa beans and cocoa ingredients.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market in focus during the forecast period.

Baked Goods Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the baked goods market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • End-customers
  • Marketing and sales
  • Services
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Baked Goods Market?

Baked Goods Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for baked goods in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The expansion of global players in the region through organic and inorganic organizational developments will facilitate the baked goods market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Baked Goods Market?

Baked Goods Market Segmentation

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The baked goods market share growth by the bread and rolls segment will be significant during the forecast period. The bread and rolls segment of the global baked goods market primarily includes products such as whole wheat bread, sourdough, rye bread, pita bread, focaccia bread, multigrain bread, white rolls, hot dog rolls, and sub rolls. The increasing demand for gluten-free bread and rolls is a major factor driving the growth of the segment. The increase in demand for free-from products such as bread, pies, and cakes is expected to encourage other major vendors to offer such products during the forecast period. The recent innovations in the baking ingredient industry have largely supported the growth of the segment since 2018. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the bakery market size and actionable market insights on post COVID-19 impact on each segment.

 

Baked Goods Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.12%

Market growth 2021-2025

$ 165.49 billion

Market structure

Fragmented

YoY growth (%)

5.43

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Japan, Brazil, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., Flowers Foods Inc., Grupo Bimbo SAB de CV, JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., and Yamazaki Baking Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Baked Goods Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive baked goods market growth during the next five years
  • Precise estimation of the baked goods market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bakery industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bakery market vendors

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1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                                Exhibit 02:  Market Characteristics

                2.2 Value chain analysis           

                                Exhibit 03:  Value chain analysis: Packaged foods and meats

                                2.2.1 Inputs 

                                2.2.2    Inbound logistics

                                2.2.3    Primary processing

                                2.2.4    Secondary and tertiary processing

                                2.2.5    Outbound logistics

                                2.2.6    End-customers

                                2.2.7    Marketing and sales

                                2.2.8      Services

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                3.4.1      Estimating growth rates for emerging and high-growth markets

                                3.4.2      Estimating growth rates for mature markets

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                3.4.3     Impact of COVID-19 pandemic on consumer staples market

                           3.4.3.1 Short-term impact

3.4.3.2 Long-term impact

3.4.3.3 Recovery phase

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                                Exhibit 09:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 10:  Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 11:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 12:  Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 13:  Threat of rivalry

                4.7 Market condition

                                Exhibit 14: Market condition - Five forces 2020

5.  Market Segmentation by Product                              

                5.1      Market segments          

                                Exhibit 15:  Product - Market share 2020-2025 (%)

                5.2    Comparison by Product 

                                Exhibit 16:  Comparison by Product

                5.3    Bread and rolls - Market size and forecast 2020-2025       

                                Exhibit 17:  Bread and rolls - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 18:  Bread and rolls - Year-over-year growth 2020-2025 (%)

                5.4    Cakes and pastries - Market size and forecast 2020-2025

                                Exhibit 19:  Cakes and pastries - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 20:  Cakes and pastries - Year-over-year growth 2020-2025 (%)

                5.5    Cookies - Market size and forecast 2020-2025      

                                Exhibit 21:  Cookies - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 22:  Cookies - Year-over-year growth 2020-2025 (%)

                5.6    Others - Market size and forecast 2020-2025        

                                Exhibit 23:  Others - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 24:  Others - Year-over-year growth 2020-2025 (%)

                                5.6.1      Impact of COVID-19 pandemic on product segment

                5.7       Market opportunity by Product              

                                Exhibit 25:   Market opportunity by Product

6. Customer landscape                         

                6.1      Customer landscape    

                                Exhibit 26:  Customer landscape

7. Geographic Landscape                     

                7.1      Geographic segmentation         

                                Exhibit 27:  Market share by geography 2020-2025 (%)

                7.2      Geographic comparison              

                                Exhibit 28:  Geographic comparison

                7.3      APAC - Market size and forecast 2020-2025        

                                Exhibit 29:  APAC - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 30:  APAC - Year-over-year growth 2020-2025 (%)

                7.4    Europe - Market size and forecast 2020-2025       

                                Exhibit 31:  Europe - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 32:  Europe - Year-over-year growth 2020-2025 (%)

                7.5    North America - Market size and forecast 2020-2025        

                                Exhibit 33:  North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 34:  North America - Year-over-year growth 2020-2025 (%)

                7.6    South America - Market size and forecast 2020-2025        

                                Exhibit 35:  South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 36:  South America - Year-over-year growth 2020-2025 (%)

                7.7    MEA - Market size and forecast 2020-2025            

                                Exhibit 37:  MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 38:  MEA - Year-over-year growth 2020-2025 (%)

                7.8    Key leading countries     

                                Exhibit 39:  Key leading countries

                7.9     Market opportunity by geography           

                                Exhibit 40:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                   

                8.1      Market drivers

                                8.1.1    Rising urbanization and changing consumer lifestyles

                                8.1.2    Increased snacking and indulgence consumption

                                8.1.3    Rising prominence of in-store bakeries in supermarkets

                8.2      Market challenges        

                                8.2.1    Fluctuating raw material prices

                                8.2.2    Growing health concerns about diabetes and obesity

                                8.2.3    Stringent government regulations

                                Exhibit 41:  Impact of drivers and challenges

                8.3      Market trends

                                8.3.1    Increasing demand for organic and gluten-free baked goods

                                8.3.2    Innovations in baked goods

                                8.3.3    Increasing online presence of baked goods vendors

9. Vendor Landscape                          

                9.1 Overview

                                Exhibit 42:  Vendor landscape

                9.2      Landscape disruption   

                                Exhibit 43:  Landscape disruption

                                Exhibit 44:  Industry risks

10. Vendor Analysis                              

                10.1      Vendors covered        

                                Exhibit 45:  Vendors covered

                10.2      Market positioning of vendors              

                                Exhibit 46:  Market positioning of vendors

                10.3      Associated British Foods Plc    

                                Overview

                                Business segments

                                Key offerings

                                Segment focus

                10.4      Britannia Industries Ltd.           

                                Overview

                                Product and service

                                Key offerings

                10.5    Campbell Soup Co.       

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.6    Flowers Foods Inc.        

                                Overview

                                Business segments

                                Key news

                                Key offerings

                10.7    Grupo Bimbo SAB de CV             

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.8    JAB Holding Co. Sarl     

                                Overview

                                Product and service

                                Key news

                                Key offerings

                10.9    Kellogg Co.       

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.10    Mondelez International Inc.   

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.11    Warburtons Ltd.          

                                Overview

                                Product and service

                                Key news

                                Key offerings

                10.12    Yamazaki Baking Co. Ltd.         

                                Overview

                                Business segments

                                Key offerings

                                Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market Definition

                                11.1.2 ​​​​Objectives

                                11.1.3 ​​​​Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 90: ​Currency conversion rates for US$​

                11.3 Research Methodology 

                                Exhibit 91: ​Research Methodology

                                Exhibit 92: ​​Validation techniques employed for market sizing​

                                Exhibit 93: ​​Information sources

                11.4 List of abbreviations        

                                Exhibit 94: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Baked Goods Market market growth will increase by $165.49 bn during 2021-2025.
The baked goods market market is expected to grow at a CAGR of 6.12% during 2021-2025.
Technavio has segmented the baked goods market market by product (Bread and rolls, Cakes and pastries, Cookies, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., Flowers Foods Inc., Grupo Bimbo SAB de CV, JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., Yamazaki Baking Co. Ltd. are a few of the key vendors in the baked goods market market.
APAC will register the highest growth rate of 34% among the other regions. Therefore, the baked goods market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the baked goods market market growth are:
  • rising prominence of in-store bakeries in supermarkets
  • growing demand for organic and gluten-free products
The baked goods market market vendors should focus on grabbing business opportunities from the bread and rolls segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Five-force market analysis

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