Baked Goods Market by Product and Geography - Forecast and Analysis 2021-2025
| Published: Oct 2021 | Pages: 120 | SKU: IRTNTR40598 |
The bakery 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 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 During the Forecast Period?
Download the Free Report Sample to Unlock the Bakery Market Size for the Forecast Period and Other Important Statistics
Bakery 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 bakery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bakery Market Driver
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.
Key Bakery Market Trend
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. 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 bakery 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 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.
This statistical study of the bakery market encompasses successful business strategies deployed by the key vendors. The bakery 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.
Bakery Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the bakery 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 Bakery Market?
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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 the bakery market 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 bakery 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 Bakery Market?
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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 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.
You may be interested in:
Bread market - The market size is expected to increase by USD 86.64 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.33%.
Cakes, Pastries, and Sweet Pies market - The market share is expected to increase by USD 34.94 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.93%.
Packaged Bakery Products market - The market size is expected to be valued at USD 163.9 billion by 2026 with a progressing CAGR of 6.75%.
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Bakery Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.12% |
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Market growth 2021-2025 |
$ 165.49 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.43 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 34% |
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Key consumer countries |
US, China, Japan, Brazil, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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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. |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data 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
We can help! Our analysts can customize this report to meet your requirements. Get in touch
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.
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
PURCHASE FULL REPORT OF
baked goods market market
Key Questions Answered
- 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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