Bakery Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR40598

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The bakery market has the potential to grow by USD 165.49 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.12%.

This bakery 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 bakery 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 Bakery Market Size be in 2021?

Bakery-Market-Market-Size-2020-2025

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Bakery Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising prominence of in-store bakeries in supermarkets is notably driving the bakery market growth, although factors such as fluctuating raw material prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the bakery industry get your FREE report sample now.

  • The rising prominence of in-store bakeries in supermarkets is one of the major factors driving the bakery 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.
  • The growing demand for organic and gluten-free products is one of the significant bakery 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 bakery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Bakery 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.

 

The bakery market is fragmented and the vendors are deploying growth strategies such as distinguishing their product offerings through a clear and unique value proposition to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the bakery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bakery Market?

Bakery-Market-Market-Share-by-Region-2020-2025

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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 bakeries in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing consumer demand for clean-label bakery products will facilitate the bakery market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Bakery Market?

Bakery-Market-Market-Share-by-Product-2020-2025

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The bakery market share growth by the bread and rolls segment will be significant during the forecast period. The bread and rolls segment of the global bakery 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. 

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

 

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What are the Key Factors Covered in this Bakery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bakery market growth during the next five years
  • Precise estimation of the bakery 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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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.

INFORMATION 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

DATA 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

REPORT 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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The bakery market growth will increase by $169.18 billion during 2019-2024.
The bakery market is expected to grow at a CAGR of 6.03% during 2019-2024.
Technavio has segmented the bakery 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 bakery market.
APAC will register the highest growth rate of 34.18% among the other regions. Therefore, the bakery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • Brazil
  • Italy
  • France
The key factors driving the bakery market growth are:
  • Rising urbanization and changing consumer lifestyles
The bakery 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.

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