Bakery Products Market by Product and Geography - Forecast and Analysis 2022-2026

The bakery products market share is expected to increase by USD 189.32 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.4%.

This bakery products market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the bakery products market segmentation by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The bakery products market report also offers information on several market vendors, including Amazon.com Inc., Associated British Foods Plc, Brezelbackerei Ditsch GmbH, Britannia Industries Ltd., Cargill Inc., Corporativo Bimbo SA de CV, Costco Wholesale Corp, Flowers Foods Inc., Frank Roberts & Sons Ltd., Hostess Brands Inc., Kellogg Co., Kerry Group Plc, McDonald Corp., Mondelez International Inc., Puratos Group NV, Starbucks Co., The Great Canadian Bagel Ltd., and Warburtons Ltd. among others.

What will the Bakery Products Market Size be During the Forecast Period?

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Bakery Products Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global bakery products market.

Key Bakery Products Market Driver

The Increasing retail value sales of private-label bakery products is a key factor driving the global bakery products market growth. In recent years, the par-baked, pre-baked, or bake-off range of products is increasingly making a mark. Par baking is a two-step baking process, where the batter is baked partially for 15-20 minutes and then cooled and refrigerated until the final baking. The refrigeration process increases the shelf life of par-baked items, and the lower temperature retains the texture of crumbs and prevents them from hardening. This process is an easy way to offer consumers fresh bread and rolls with little labor. Many supermarkets, quick-service restaurants, and doughnut chains use this technique for their bread and, occasionally, for doughnuts. It is an economical option and retains the quality from site to site. Nowadays, consumers are looking for clean labels and gluten-free products, including artisanal products and snack-size packaging. All of these consumer preferences are found more easily in retailer-created products than in national brands, which generally have to uphold mass-market products. Thus, the growth in demand for private-label bakeries will propel the growth of the global bakery products market during the forecast period.

Key Bakery Products Market Trend

The increasing online presence of bakery product vendors will fuel the global bakery products market growth. The rising penetration of smartphones, coupled with the increasing accessibility to the Internet, is promoting the sale of bakery products online. E-commerce platforms give consumers the option to choose from a wide range of brands and purchase bakery products at their convenience. The acquisition of Whole Foods Market by Amazon in 2017 disrupted service delivery innovation in the global bakery products market. Post-acquisition, Amazon started offering the bakery products of Whole Foods Market directly through Amazon Prime to customers. The speedy delivery and hassle-free purchase experience have encouraged more consumers to purchase bakery products via Amazon Prime. This has compelled several other major vendors such as Mondelez to offer bakery products through their proprietary websites. Vendors are motivated to provide bakery products through online platforms as it gives them easy access to the market and reduces overhead costs by reducing the need for retail premises and labor. Selling products online also provides them with the opportunity to expand their market presence in regions that they cannot reach physically. Therefore, the increasing online presence of bakery product vendors will spur market growth during the forecast period.

Key Bakery Products Market Challenge

The volatility in raw material prices is the major challenge to the global bakery products market growth. The key raw materials used in the global bakery products market include wheat and wheat flour, cocoa, dairy products, palm and other vegetable oils, sugar and other sweeteners, flavoring agents, and nuts. Bakers purchase and use significant quantities of packaging materials to package bakery products. Prices of these raw materials are volatile and can fluctuate due to conditions such as competition for resources; tariffs or other trade barriers; adverse weather conditions; potential long-term consequences of climate change on agricultural productivity; crop disease or pests; water risk; consumer or industrial demand; and others. The application of enzymes in bakery products has increased as they enhance the volume and improve the texture and appearance of baked goods when compared with other functional ingredients such as ascorbic acid and vital wheat gluten. Thus, the demand for baking enzymes has increased since 2018. Therefore, fluctuating prices of raw materials will be a major challenge hindering the growth of the global bakery products market during the forecast period.

This bakery products 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global bakery products market as a part of the global packaged foods and meats products market under the global food products segment of the global food, beverage, and tobacco market. 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 bakery products market during the forecast period.

Who are the Major Bakery Products Market Vendors?

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

• Amazon.com Inc.
• Associated British Foods Plc
• Brezelbackerei Ditsch GmbH
• Britannia Industries Ltd.
• Cargill Inc.
• Corporativo Bimbo SA de CV
• Costco Wholesale Corp
• Flowers Foods Inc.
• Frank Roberts & Sons Ltd.
• Hostess Brands Inc.
• Kellogg Co.
• Kerry Group Plc
• McDonald Corp.
• Mondelez International Inc.
• Puratos Group NV
• Starbucks Co.
• The Great Canadian Bagel Ltd.
• Warburtons Ltd.

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

Product Insights and News

• mondelezinternational.com - The company offers bakery products such as cookies under the Cadbury and Oreo brands.

To make the most of the opportunities and recover from the 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.

The report on the global bakery products market contains comprehensive market knowledge and an in-depth vendor landscape add-on to an analysis of the key vendors.

Bakery Products Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bakery products market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 of the global food, beverage, and tobacco market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

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

Which are the Key Regions for Bakery Products Market?

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34% of the market’s growth will originate from APAC during the forecast period. China, Japan and India are the key markets for the bakery products market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The Increasing retail value sales of private-label bakery products will facilitate the bakery products 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.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 hampered the bakery products business, as governments of various countries in APAC imposed nationwide lockdowns to contain the spread of the disease. Owing to the shutdown of food and beverage manufacturing units, the supply of bakery products declined. In India, prominent vendors, such as Dabur India, closed their operations and manufacturing facilities, as mandated by the government, to contain the spread of the disease. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive market growth during the forecast period.

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

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The bakery products market share growth in the bread and rolls segment will be significant during the forecast period. The bread and rolls segment of the global bakery products 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. Wheat is the major raw material used in the manufacturing of bread. The gluten present in wheat might create several health complications such as wheat allergy and celiac disease as well as symptoms, such as bloating, cramps, diarrhea, and sickness. Associated British Foods is a major vendor that offers gluten-free bread products in the global market. The increase in demand for free-from products is expected to encourage other major vendors to offer such products during the forecast period.

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

You may be interested in:

Frozen Bakery Products market - The market share is expected to increase to USD 10.03 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.61%. 

Europe Bakery Products market - The market share is expected to surge to USD 41.49 million by 2026 at an accelerating CAGR of 3.28%.

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What are the Key Data Covered in this Bakery Products Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive bakery products market growth during the next five years
• Precise estimation of the bakery products market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bakery products industry across APAC, Europe, North America, South America, and the Middle East and Africa
• 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 products market vendors

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